Microsoft continues to release new Dynamics software offerings at a rapid pace. This post is to introduce Microsoft solutions for human capital management. Future posts will provide more product comparisons.
The flagship Microsoft Dynamics product is Dynamics 365 for Finance and Operations (Enterprise Edition): https://docs.microsoft.com/en-us/dynamics365/unified-operations/fin-and-ops/ It is a full fledged enterprise resource planning solution which competes with SAP and Oracle. It includes financials as well as HR benefits, employee development and training, recruiting and payroll. This product was derived from Dynamics AX, a mature product with a wide global user base.
Microsoft has recently created a related product called Dynamics 365 for Talent https://docs.microsoft.com/en-us/dynamics365/unified-operations/talent/index
The functions offered by Dynamics 365 for Talent overlap with Dynamics 365 for Finance and Operations (Enterprise Edition) but it does not contain some of the accounting (and non-HCM) modules such as inventory or accounts receivable.
Watch a demo video:
Watch a demo video:
Microsoft Dynamics 365 for Talent streamlines many routine recordkeeping tasks and automates a number of staffing processes such as recruiting, interviewing, employee retention, benefits administration, training, performance reviews, and change management.
You can use Talent to complete tasks such as:
- Administer organizational structures (the org chart).
- Maintain comprehensive worker information from hire to retire.
- Define and administer benefits, enroll workers, assign dependent coverage, and designate beneficiaries.
- Establish and monitor absence policies.
- Implement and track profile-based time management and generate pay information to export to a payroll system.
- Manage worker competencies.
- Review performance and implement worker goals.
- Set up, deliver, and analyze training courses that include agendas, sessions, and tracks.
One of Microsoft's unique advantages is integration with LinkedIn (a Microsoft company). LinkedIn is the premiere social network for hiring and recruiting, so this feature is likely to improve over time as Microsoft consolidates and enriches its new offerings.
Microsoft has also introduced a workforce tool for Microsoft Dynamics 365 called StaffHub https://staffhub.office.com/ StaffHub functions are quite different from those offered in Dynamics.
As with other Dynamics products, you can sign up for a trial account on Dynamics 365 for Talent to evaluate how it can help your organization.