Epicor Software Corporation, a global leader in business software solutions for manufacturing, distribution, retail and services organisations, today announced general availability of the latest release of its human capital management (HCM) solution, Epicor HCM version 5.8, at the 16th Annual HR Technology® Conference & Exposition being held at Mandalay Bay, Las Vegas, NV, October 7-9. Epicor HCM is a complete human resource information system (HRIS) enabling companies to track, manage and analyze HR data throughout the entire employee lifecycle. The newest release of Epicor HCM delivers expanded country-specific functionality for Australia/New Zealand (ANZ) and the United Kingdom (UK), and enhancements to goal measurement and reporting.
"HCM is a key driver to finding and retaining employees, providing visibility across an increasingly global workforce, and meeting regulatory employee and workforce reporting requirements, all the while driving business value and increasing overall productivity," said Lisa Rickard, senior product marketing manager, human capital management solutions for Epicor. "With our newest release of Epicor HCM, we continue to empower customers to expand globally crossing borders with deployment and business operations and to compete effectively in the marketplace with unprecedented measurement capabilities that align the workforce with organisational goals and objectives."
Expanding Global Support
The expanded global framework of the newest release of Epicor HCM now supports organizations with offices in United Kingdom, Australia and New Zealand. Location-specific configuration of Epicor HCM delivers a balance of relevant communication and corporate standards at each office site. Both UK and ANZ country-specific functionality profiles include terminology updates and tax code capabilities for respective regions.
The primary ANZ country-specific functionality profile offers:
· Health and safety checklists, including reporting;
· Government checks including Police Clearance and Working with Children to increase safety at the workplace; and,
· Qualifying periods as part of the Workplace Relations (WR) Act.
For UK offices, key country-specific functionality includes:
· Tracking of notice periods defining the length of time that employers and employees must provide with a notice of termination;
· Working Time Directive that allows member states to permit individual workers to opt-out of the 48-hour weekly limit on their working hours; and,
· Tracking employees’ work council participation, including their role.
Amplifying Employee Focus
To enhance employee measurement, Epicor HCM features new tasks with fields allowing users to align goals with corporate objectives. New fields represent a determined number of units that must be complete for the goal to be considered 100% achieved in the system. Principal Analyst Claire Schooley of Forrester Research, Inc. writes, "Create an HR strategy that connects with the business strategy. Everything HR does must tie directly back to the overall business strategy. The HRM strategy must help the organization meet its mission, vision, and goals."1
Additionally, goal enhancements include supporting a component of pay attached to a specific goal, which can be optionally displayed to employees. Schedule goal payout is a new task that provides tools to customise goal-related payout schedules and to view an employee or group of employees goals based on date or other filters such as by open, achieved, unpaid and closed. These filters can be incorporated with new forecast reporting where management calculates the payout amount for all goals within a certain period and ensure payouts align with corporate, division and department budgets.
The latest version of Epicor HCM is available as an integral part of the Epicor enterprise resource planning (ERP) suite, as well as an independent, end-to-end solution. Epicor HCM is supported on Microsoft® SQL Server® 2012, leveraging those system environments to take advantage of the latest server technologies. With performance management, HR reporting and analytics, this helps organisations align corporate goals with employee performance, and empowers you with flexible tools to analyse applicant and employee data for better workforce management. Available on-demand cloud/software as a service (SaaS), hosted, or on-premise, Epicor HCM can be deployed according to an organization’s specific requirements without compromising functionality.
1 Forrester Research Inc., "Create A People-Focused HRM Business Strategy," by Claire Schooley, June 7, 2013