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Human Resource Management System (HRMS) refers to an array of software that helps HR staff take care of an organization’s most valuable assets, people. If performed manually, HR tasks can be complex and time-consuming andleveraging the help of a technological solution can help you save time, cut costs, and manage your staff better.These are the core functionalities of an ideal Human Resource Management System:
Payroll Management
A good HR management system should tone down the complexities in payroll processing with a complete array of payroll services by offering inbuilt accounting module, automated tax computations, frequent audit & reporting tool, tabular data storage, and configurable rule-based engine.
Workplace Management
This refers to an application that can optimize daily headcount using trends forecast and pre-defined templates. It helps in planning and managing workforce properly between processes like recruitment, employee onboarding, learning & development, etc.
Compensation Management
Compensation management refers to an application that designs and manages comprehensive employee compensation plans across multiple teams, departments, and geographies uniformly. It should also be able to link compensation with performance and organizational objectives and aggregate compensation data to view/edit it anytime.
Performance Management
A good HR management system should set individual goals, assign weightage, collaborate, create a development plan, and align it with organizational values to evaluate the performance of each employee in an organization with comprehensive reviews.
Timesheet Management
For an HR management system to be an ideal one, it should automate the timesheet process of employees to analyze performance, estimate costs incurred across the organization under several parameters (employee, department, client, role, project or activity) and integrate seamlessly with payroll and other modules.
We are awarding some of the best Human Resource Management Solution of the year along with other categories at the 3rd Indian ISV Awards 2018, an initiative from itVARnews (Techplus Media Publication) to acknowledge the best ICT Solutions by ISVs (independent software vendor), Systems Integrators, Solution VARs, and MSPs across India. To know more, visit the website now.(http://www.isvawards.itvarnews.com/)
