Question

A start-up is expanding overseas and spends an excessive amount of time on
recruiting and hiring activities, hindering its ability to focus on the core aspects of
its business. How can a Human Capital Management (HCM) platform provider
benefit this company?​

Answer 1

Answer:

by outsourcing the company's entire Human Resources function to industry experts

Explanation:

Answer 2

HCM can help in proper planning for an efficient expansion.

• The platform combines all the HR information into a single system.
• It gives a single point of access for managing benefits, time and attendance, performance reviews etc.
• To achieve organizational effectiveness, a comprehensive collection of managerial activities and tasks related to cultivating and retaining a skilled workforce is required.
• The method also offers valuable knowledge on the cost and importance of human capital, and the ability of managers to track their use accurately.
• Thus, by automating the entire HR process, the platform can help in both effective and efficient expansion.

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