Summary
This document is a glossary that defines key terms related to Human Capital Management (HCM) software. It outlines various components and functionalities of HCM systems, including Applicant Tracking Systems (ATS), Benefits Administration, Change Management, Compliance, Diversity, Equity & Inclusion (DEI), and Employee Experience. Each term is clearly defined, providing insights into how these elements contribute to effective HR practices. The glossary also explains the roles of HRIS, Learning Management Systems (LMS), and the importance of onboarding versus orientation. Additionally, it covers concepts such as Open Enrollment, Payroll, People Analytics, Performance Management, Return on Investment (ROI), Self-Service, Talent Management, Time & Attendance, Total Rewards, User Experience (UX), and Workforce Management. The document serves as a resource for individuals evaluating HR software, helping them understand the terminology and functionalities that can enhance HR operations.
