Detailed Functional Elaboration: Talent Management, Automated Payroll, Time & Attendance, and Organizational Control.
The Human Capital Management (HCM) module in an enterprise ERP acts as the central repository for employee master data, organizational structures, compensation grades, and statutory compliance. It automates the Hire-to-Retire lifecycle and synchronizes directly with Finance for automated payroll journal vouchers.
Employee_Master (ID, Designation, Grade, Cost Center, DOJ)Attendance_Log (Biometric Punch, Shift ID, Overtime)Payroll_Structure (Basic, HRA, Allowance, Statutory Deductions)Appraisal_Record (KPI Score, Manager Rating, Salary Hike %)