Be a Professional Organisation
Human Resource Management is the most important factor in smooth functioning of a business. Human being is an asset to the organization and HRMS deals with how people are managed within organizations focusing on policies and systems. HR department is responsible for recruitment, training & development, performance appraisal and rewarding. So to ensure a professional healthy organization one should have transparent, scientific HRMS which will help in retaining the talent and knowledge held by the workforce. Let us understand the core features which a HRMS should have to help the companies reduce employee turnover, aligning HR & Business strategy, balancing of organizational practices with regulations arising from governmental laws.
Primary features of HRMS
Having a right number of employees for the workload is crucial for saving costs, maintaining quality of service delivery and high productivity at work station. Workforce management solution strikes the balance between workload and staffing needs.
Talent management solution is a business strategy that deals with retaining and developing superior employees in the company. HRMS tracks the career path of available employees so that their talent can be put to the best use within the organization.
Training and development
Training is associated with imparting specific skill-set in the employees while development deals with providing learning opportunities for the employee. HRMS tracks the deficiency in skill level and devises a training program for the required employees. It is applicable for all the departments in an organization.
Compensation and benefits
Every employee is entitled to various benefits and claim for reimbursement. Employee benefits design takes considerable time of the managers. These benefits may include family insurance, disability protection, retirement and child education benefits. HRMS helps you to provide benefits to employees without any hassle thus maintaining loyalty towards your company. It stores employee compensation and benefits information at one place.
Personal information module
This HRMS module stores personal information of the employees like profile picture, contact details, dependents, salary and job information, reporting superiors, expertise and so on. This makes employee management easier.
Leave management module
Leave management includes managing leave plans, leave restrictions, accruals, leave scheduling and leave coding. Employees have an easy access to this database so that they can take proper benefit of their leave entitlement or encashment.
Payroll management module
Payroll management manages the salaries of employees. Depending upon their job profile, employees can have fixed salary, variable salary, a mix of both fixed and variable component, commission and bonus related income. Payroll management module computes accurate salary of an employee.
Time and attendance module
Time and attendance module is integrated with payroll and leave management module. It is responsible for daily attendance management, real-time working hours. It helps in keeping a check on absenteeism.
Employee self-service module
ESS modules help the employees to view and update their personal information through the portal. Such information may include bank details, benefits and deduction, family details, review payroll, apply for training or update skill-set in their profile.
The recruitment module is one of the important modules in HRMS. It helps the managers to streamline the hiring process as it can identify job vacancy, track applicants, maintain applicant’s history, schedule interview and final selection.
HRMS is a system which would help us avoiding the mistake of experience high turnover, waste time with useless interviews, having unfair & unscientific appraisal process, non-compliance of labour laws & government statutory rules.