Human Resources Management System (HRMS)
Human Resources Management System (HRMS) or Human Capital Management System (HCMS) is the system or the application that manages all the aspects of Human Resource or the Human Capital of enterprises. It Streamlines and controls each and every processes that is related to Human resources from Recruiting till retirement of each individual employee, and also the values and benefits after retirement. Machines has taken over the various jobs that are used to be performed by human and now with the Integration of the processes in a single structure , AUTOMIZATION and Artificial Intelligent (AI) has helped to enhance the effectiveness and efficiency of the Business Enterprises to the level like never before.
However, the human resource is still and will be the most prominent resource of any businesses that requires an effective and careful Management. Human resource management and the Labor market is ever changing and comprehensive HR strategy has become more important than before. HRMS provides the proper way to manage the most important resource of business organization in current challenging and dynamic business environment.
It is the best system that gathers, stores to the single structure and analyze the data of the people in an organization and manages the employee information quickly and accurately and most importantly with proper Security. It eliminates the amount of time and effort to collect employee data and reports right from the recruitment process and reduces the risk of the data security and even eliminates the lengthy process of collecting data on paper files or even Spread Sheets.
It provides single and secured database of the employees and gives you powerful reporting tools and editing capabilities right to your fingertip.
Main Features of HRMS
Centralized Data Storage
HRMS provides secured centralized data storages that eliminate the duplication of data and errors. Single storage facilitates proper and complete date at real time giving you the proper dashboard to manage and control all the tasks related to HR.
HRMS streamlines all the process of HR so that all the information can be accessed in a single dashboard. The required report can be easily accessible so you have freedom to analyze the report much easily. The customizable feature of the system makes it even easier to access the required report as per the requirement of the Business.
HRMS is fully flexible system that is capable of integrating third party application. Data from the multiple applications can be integrated to the system so the hassle and difficulties of analyzing multiple reports can be eliminated.
HRMS provided you the streamline procedure to function the HR processes. Hiring ,Training Assignment of tasks , progress , requirement training, performance evaluation, appraisal etc of every individual is tracked within the system. The system provides every detail data of the individual so the management will be easier and systematic. The system can be modified as per the requirement of enterprises since every business is different so as the requirement.
Payroll and Compensation
HRMS manages all the financial requirements of HR. The system tracks down the attendance and leave on the real time that makes the compensation plan more transparent and easy. It allows creating pay-for-performance plans that align compensation with the company. Furthermore it has more functionality to create team and individual performance indicators, and incentive plans to employees’ overall performance.
Improper HRMS not only rise the time and effort of the HR personal but also increases the cost of HR processes. Proper HRMS automize the processes giving HR personal to perform more meaning tasks and save time, effort and overall cost as well.
Key Points of HRMS
- Human Resources allocation
- Personal Data Management
- Human Resource Management.
- Skill Management
- Performance Management
- Training Administration
- Attendance and Leave management