NetSuite SuitePeople HR – Essential Human Capital Management Tools

netsuite human capital management

NetSuite SuitePeople HR provides your organization with a suite of HR functions designed to streamline manual processes. This makes your HR team more efficient while giving them more tools for record management, real-time people analytics access and connecting HR data with key business metrics.

SuitePeople HR provides an all-in-one platform that integrates human resource (HR), payroll and financial data with project planning, budgeting and procurement processes – as well as user-friendly tools that enhance employee/manager experiences.

Payroll

Payroll management is one of the most critical components of human capital management. Payroll involves processing multiple types of employee data across numerous systems in order to produce reports which are both accurate and useful for management decision-making.

NetSuite SuitePeople’s payroll module seamlessly synchronizes employee information across your entire business suite, streamlining company records, payroll processing, onboarding, compensation changes and salary modifications into one easily accessible location.

HR managers can reduce time spent updating and reconciling data across applications by creating one consolidated view of their workforce, which allows for improved strategic decision making.

SuitePeople HR’s employee records, time tracking and directory are designed to put employees’ needs first by enabling them to request time off, access directories and organization charts, monitor upcoming vacation schedules, manage new hires effectively and publicly recognize peers for good work – putting employees in charge of their own performance while increasing employee engagement.

Time and Attendance

Time and attendance management is an essential component of any successful business that relies on reliable workforces. It encompasses both traditional tasks such as tracking time worked and taking breaks, as well as more complex ones like estimating working hours for payroll purposes.

NetSuite Human Capital Management offers a robust set of features and functionality designed to assist in meeting your human capital management goals. Some examples are time tracking, expense management, employee engagement management and more.

One of the benefits of NetSuite’s ERP system is that all these functions can be easily implemented within it – no data entry necessary! This makes managing employees and keeping them satisfied easier than ever while saving you money and time in the long run – it is an all-in-one solution designed to allow you to focus on expanding your business! NetSuite HR Suite can be implemented either fully cloud based solution or as modular add-ons that complement your current on-premise software solutions.

Performance Management

Tracking employee performance is crucial for any organization’s success, as it allows HR managers to evaluate output and manage HR departments more efficiently.

An effective approach to employee performance management enables managers to set goals that align with business strategy and monitor progress over time, creating learnings and achievements which can be showcased during performance reviews.

HR teams must ensure compliance with federal, state, and local labor laws pertaining to any changes that affect the business as well as any applicable updates or amendments. This involves keeping abreast of legal requirements as well as conducting training as needed.

Centralised performance review processes improve efficiency while engaging employees by setting goals and tracking progress towards them. Companies can also identify opportunities to reward, develop or coach employees as needed.

Employee Self-Service

Employee Self-Service refers to technology designed to allow employees to manage and access personal and work-related information independently, often integrated into larger human capital management, enterprise resource planning or benefits administration systems. This technology saves HR administrators time while making employees feel more engaged with their employers.

NetSuite SuitePeople is a cloud-based human capital management solution, securely linking people data across its ERP system for easier management of hiring new hires, processing payroll and tracking performance. Organizations using NetSuite SuitePeople benefit from eliminating third-party integrations while increasing accuracy and creating an engaging workforce experience.

This module also offers role-based security to ensure only authorized personnel can gain access to employee data, and a directory function to organize data views based on eligibility. Furthermore, mobile access provides more efficient employee service delivery and greater insight into workforce trends.

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