Effective human capital management includes completing core administrative and HR duties and implementing strategic processes that enhance the employee experience, attract top talent, improve employee competencies, and reduce repetitive tasks for the HR department. Core HR functions Payroll management and administration Benefits administration Onboarding and offboarding Compliance management Other administrative functions Talent management Talent acquisition Compensation planning Learning and development Succession planning Performance management Performance reviews Workforce management and optimization Workforce planning Time and attendance management Budgeting Employee data and analytics Service delivery Employee self-service portals HR help desks HCM software