Human resource management encompasses effective employee management to maximize their performance. Within the era of technology, IT plays a key role in improving HR functions in a corporation. Tons of organizations have already implemented human resource management software (HRMS), moving their data from physical records to HRMS powered spreadsheets.
An HRMS will provide the simplest value to your organization and empower you with the pliability to affect ever-changing business needs. to urge the foremost out of a person’s Resource Management Software, we’ve listed down eight must-have functions that an employee management software should be ready to perform.
Centralized Employee Data and Records
Any HRMS should be capable of maintaining a repository of employee data and company records. This data should be accessible to HR from a centralized platform, for convenience. This feature lets HR to retrieve data of employees at a moment’s glance. Additionally, you’ll manage documents associated with employees like offer letter, appointment letter, ID, radar information, PAN card details and more. An HRMS solution which will assist you to centralize your records and make it more accessible is SimplHRM. Its intuitive interface ensures that you simply can access your records easily and don’t spend an excessive amount of time to find relevant documents.
Payroll
A Human Resource Management Software should assist you with accurate calculation & distribution of payroll by considering attendance, leaves, holidays, overtime, deductions, reimbursements, taxes, etc. An HR system will help in recording employee attendance and generating payroll as per the info obtained.
Appraisals and Performance Management
HR software helps organizations in tracking and reporting employees’ performance. With an HRMS, performance review takes place on a recurring basis. HRMS contains modules that help in improving employee performance and engagement. you’ll be ready to check out employees’ past year’s performance, using an HRMS. Additionally, HRMS are often wont to assess if employees met their deadlines and completed their KRAs.
Attendance Management and Human Resource Management Software
HRMS helps in maintaining the attendance of the workers, including managing leaves: paid, unpaid, and holiday granted. In many organizations, there are biometric systems that register attendance with a card swipe or a fingerprint reader. An HR system will integrate with any biometric device and have the power to read various input formats. This reduces errors while eliminating manual interventions, ensuring the proper recording of employees’ attendance.
Reporting and Analytics
An HRMS should have the power to display various sorts of reports and export them to excel sheets and PDFs. It should graphically represent various reports including attendance, payroll, appraisals, leaves, turnover, etc. this enables you to urge employee information within the blink of an eye fixed. Good analytics will ensure informed decision that benefits the organization and its employees.
Employee Self-Service
Employee self-service gives on-demand access to employees for accessing their personal information from anywhere. An HR software that has self-service will allow employees to manage their own records including attendance, applying for leaves, viewing organization information, etc. Supervisors can approve leaves and allocate run through the self-service portal. HRMS thus reduces the work of the HR department and saves them time.
Conclusion
Now that you simply know the features than an employee management software should have, how about finding out some fantastic Human Resource Management Software solutions like SimplHRM?