What is Human Resource Management Software ?
HRMS or Human Resource Management System is an application that manages the human resources of a company such as payroll and personnel information. A HRMS software will help in recruiting and managing the workforce of a company. It also helps with employee training, time-off management, vacation tracking, time sheets and benefits administration.
Why do you need Human Management software for our business?
With the rise of automation and implementation of Artificial Intelligence, many companies are now looking at HRMS software to be the new way to manage their employees. There are many benefits that HRMS software holds, ranging from improved compliance to better employee engagement.
Use of Human Resource Management Software (HRMS) can have a positive impact on recruitment and retention as it automates tedious tasks such as payroll calculation, time keeping etc. Moreover, these systems offer features for managing all types of diverse workforce like vendors or contract workers too.
10 Key Features of HRMS Software
● Recruitment & Hiring
● Employee Portal
● Time Tracking and Leave Entitlement
● Performance Evaluation
● Employee Training
● Employee Benefits Administration
● Talent retention
● Analytics and Data Management
Your HR is typically involved in the following functions:
Few things you should know about this software
1) Tracking various aspects related to human resources is more complex than it sounds. Thankfully, there are HRMS software programs out there to make your job much easier by providing all sorts of functions like employee recruitment, attendance management and payroll processing. 2) People are not just employees; they are also customers, prospects and vendors of your business. Like customer relationship management (CRM), a good HRMS system monitors how these people interact with one another by providing reports on their performance and how they affect organisational goals – be it for marketing or sales purposes.