What Are The Benefits Of Using A Human Resource Management System?
The Human Resources (HR) department deals with recruiting, managing employee benefits and salary, retaining employees, training the employees, compliance management and more. The HR professionals have to resolve any issues between the employees and the management. They also have to contribute to the culture followed at work.
Now there is an HR software system available that helps you to manage your human resource activities and responsibilities. The human resource management system covers different activities like hiring, retaining staff, managing payroll, administration, learning management, employee self-service, performance management, reporting and analytics.
The HR software offers easy-to-use and useful functionalities that help to implement the HR strategy. It helps to improve the services delivered.
HR software system
The software consists of different modules that help HR professionals carry out different activities easily. The different HR modules are as follows:
Employee life cycle
This consists of different modules for core HR, candidate portal, employee and manager self-service, talent acquisition, compliance management, learning and events administration.
Integrated talent management
This module consists of performance management, career architecture, competency assessment and management, succession planning, virtual assessment and program management and talent analytics.
Collaboration tools
This module covers knowledge management, idea management, internal job posting and tracking, task management, action management and intelligence assistance.
Workforce planning and analytics
This module helps to cover tasks like information and performance management, strategic workforce planning, contractor management, organisation reporting and analytics, compensation management and report writing.
Functional solutions
The different tools provided are CAPEX management, letter of authority, incentives and schemes management, service requests and SLA and OLA management.
Benefits of HR system
The HR system helps to automate the payment process of collecting information like time and attendance, calculating taxes and deductions, and generating paychecks and tax reports.
It offers modules for collecting time and work efforts. Some of the software systems provide data collection methods, data analysis, cost analysis and labour distribution.
It provides a module to track and administer employee participation in benefits programs like insurance, compensation and retirement.
It helps you to maintain personal records of employees, recruit online, pursue talent management and more.
It helps you to track employee training and development. It helps you to track employee education, qualifications, skills, training and more. This information can be used to suggest courses and training to the employees.
The employees can use the HR system to get data like their attendance records without having to approach the HR department.
The system can be used to get employee data related to HR and use it with other business intelligence platforms.
It helps you track and manage employee training and store information about the performance of each employee.
It allows you to create dynamic and high-level reports for the management team.
