Human resources management system is software that provides a many human resources functions together with benefits like administration, payroll, recruiting and training, performance analysis and assessment into one parcel.
Key Modules of HRMS are as follows:
Workforce Management: Integrated across the strategic Human Capital Management (HCM) solution; Workforce Management provides powerful tools to effectively manage labour rules, ensure compliance, and control labour costs and expenses.
Time and Attendance Management: 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.
Payroll Management: This module of the system is designed to automate manual payroll functions and facilitate salary, deductions, calculations etc.; eliminates errors and free up HR staff for more productive tasks. This module can encompass all employee-related transactions as well as integrate with existing financial management systems.
Training Management: Training programs can be entered with future dates which allow managers to track progress of employees through these programs, examine the results of courses taken and reschedule specific courses when needed.
Compensation Management: Compensation Management is more than just the means to attract and retain talented employees. In today’s competitive labor market, organizations need to fully leverage their human capital to sustain a competitive position. This requires integrating employee processes, information and programs with organizational processes and strategies to achieve optimal organizational results.
Recruitment Management: This module helps in hiring the right people with the right target skills. This module includes processes for managing open positions/requisitions, applicant screening, assessments, selection and hiring, correspondence, reporting and cost analysis.
Personnel Management: The personnel management module comprises of HR masterdata, personnel administration, recruitment and salary administration.
Organizational Management: Organizational Management module includes organizational structure, staffing schedules and job description.
Employee Self Service (ESS): The Employee Self Service module allows employees to query HR related data and perform some Human Resource transactions over the system.
Analytics: The Analytics module enables organizations to extend the value of an HRMS implementation by extracting HR related data for use with other business intelligence platforms.