Human Resource Management System (HRM)
Human Resource Management System (HRMS) software solution is a strategic and heuristic approach to managing an organisation’s most valued assets, ‘their people’ - People who are the truest form of assets to any organisation.
The success story of any organisation depends on the ability of the firm to manage a diverse range of talent that can bring innovative ideas, perspective and opinions to their work. The challenges and problems faced of workplace diversity can be turned into a strategic organizational asset if an organization is able to capitalize on these diverse talents. With this diversity an organisation can respond to business opportunities more rapidly and creatively, especially in the global arena, by converting this diversity into strengths.
Key Features
The payroll module automates the pay process by gathering data on employee time and attendance, calculating various deductions and taxes, and generating periodic pay cheques and employee tax reports. Data is generally fed from the human resources and time keeping modules to calculate automatic deposit and manual cheque writing capabilities. This module can encompass all employee-related transactions as well as integrate with existing financial management systems.
The time and attendance module gathers standardized time and work related efforts. The most advanced modules provide broad flexibility in data collection methods, labor distribution capabilities and data analysis features. Cost analysis and efficiency metrics are the primary functions.
Benefits Administration Module
The benefits administration module provides a system for organizations to administer and track employee participation in benefits programs. These typically encompass insurance, compensation, profit sharing and retirement.
This section comprises of training and event management, additional training determination and training assessment.
Organizational management includes, organizational structure, staffing schedules & job description.
