A Complete Guide to HRMS

What is HRMS?

An HRMS (Human Resource Management System) is a type of HR software that enables the management of several HR functions through the use of information technology.

An HRMS typically covers every element of an HRIS and include the capabilities of human capital management system. The two popular characteristics of a typical HRMS are Payroll and Time & Labor Management (TLM).

“Some of the HRMS vendors have [HRIS + (Payroll + TLM) = HRMS] whereas few have [HCM + (Payroll + TLM)]”

Common Functions of HRMS Systems

Human Resource Management (HRM) is a function in every organization which is designed to increase employee performance in aligning with employer’s strategic objectives.

Manpower Planning

Recruitment

Onboarding

Confirmation

Employee Information Management

Leave Policy and Transaction Management

Tracking Time and Attendance

Salary Changes and Increment Calculations

Payroll Processing and Salary Disbursement

Separation Process

Communication and Basic Employee Services

Employee Engagement

Statutory Compliance

MIS Reports

Training and Development

Performance Appraisal and Promotions

Succession Planning

Human Resource Development

Benefits of HRMS Software in an Organization

One of the reasons HR functions today are moving towards automation is Data Analytics. With AI becoming the crunch word, everything is powered by having the right information at the right time.

Data Management

Employee Self Service

Easy Reporting

Efficiency and Cost Effectiveness

Improved Employee Engagement

100% Statutory Compliance

Adopt Best Processes in the Industry

Emerging Trends in HRMS

The Emergence of Relationship Analytics — Organizational Network Analysis

PMS

Employee Experience

Artificial Intelligence

How to find the right HRMS for you?

Setting up Best Practices in HR and Payroll

Cost Implications and Understanding your Requirement

Employee Self Service is a must for Employee Satisfaction

Eliminating Repetitive Manual Tasks with Automation

Uncompromised Customer Support

Customization to Suit your Business Needs

HRMS System should be able to scale with your Growth

Integration with your Existing Systems

HR Made Simple — greytHR

Bring simplicity, speed and efficiency to all repetitive HRMS functions. Deliver world-class employee experience. Get operational HR out of the way, and make time for high-value work.

Source Link - https://medium.com/@greytHRsoftware/everything-you-should-know-about-human-resources-management-systems-hrms-e69f13fe49db