PeopleSoft :: Overview about People soft HRMS Module

Human Capital Management (HCM )Module Overview 

• Recruiting Solutions: Where job postings are created and where people can apply online Time & Labor: where time is entered and tracked and eventually paid 
• Payroll: How employees are paid 
• Absence Management: addresses all University leave programs (i.e., Vacation, Sick Leave, Bereavement, Jury Duty, FMLA, etc.) 
• Benefits Administration: administers our benefit programs 
• Employee (ESS) & Manager Self Service (MSS): allows access to both employees and managers for HR actions 
• Payroll and Budget (Commitment Accounting): Will be part of the HCM module in PeopleSoft.

Human Capital Management (HCM) in detail

• Human Capital Management (HCM) is a suite of PeopleSoft modules used to manage employee and human resource functions. The HCM suite is made up of the following modules: Human Resources (Position Management). The HR module maintains position and employee data. Data that is stored and updated in this module relates to employee, job, position, compensation, and benefit information. 
• Recruiting Solutions. The Recruiting Solutions module is comprised of Talent Acquisition 
• Manager (TAM) and Candidate Gateway (CG). Talent Acquisition Manager is used to create position postings, screen, interview, and correspond with applicants, extend job offers electronically (and in hard-copy format), and prepare applicants for hire. Candidate Gateway enables internal applicants and external applicants to search, view and apply for jobs, manage their job application and personal information and submit employment references, cover letters and other documents. 
• Benefits. The benefits module manages multiple benefits programs, including plans for leave, health and life insurance, savings, and dependent care reimbursement. 
• Payroll/Time Keeping. Payroll and Time Keeping are two modules in PeopleSoft that work together to accurately calculate employees’ time and manage employees’ pay.Time Keeping serves as the time reporting system, which is fully integrated with Payroll. 
• Absence Management. The Absence Management module tracks and processes paid and unpaid leave of absences, and the accrual of leave time based on an employee’s years of service. Absence Management is fully integrated with the Payroll and Time Keeping modules. 
• Budget (Commitment Accounting). PeopleSoft Commitment Accounting is the budgeting module for HR, which enables users to allocate salary costs to different funding sources