5 HRMS features that will help your business grow
Human resources are an asset to any organization. The effective and efficient use of human resources is essential for an organization to achieve its desired goals. Efficiency and effectiveness can only be achieved by managing and tracking employee data such as productivity, turnover, main results area (KRA), etc.
Pre-digitizing, it is difficult to collect, organize and manage information, and the most challenging task is when one has to open a filing cabinet to get the correct file from the pile.
The technological boom and the emergence of the internet have made the management of human resources very easy for the organization. There are many HRMS available in the market, but the biggest challenge is choosing the best.
Here are 5 key features you should look for when choosing HRMS for your organization because the correct HRMS leads to effective employee management, which in turn will result in higher business productivity and growth.
Having cloud-based software saves you money and time for any business. Cloud-based software offers real-time access to data. If not present, the employee can renew leave from home or the day before, so that his lineman manager can plan or delegate his work. The recommended model for HRMS is SaaS (Software as a Service) because it can be customized according to the needs of the organization.
Potential of Data Integration
Each organization has a large amount of data about its employees stored in various files, excel sheets and drives. So the new HRMS should have the ability to integrate all existing data in various sources into the HRMS software, and also make frequent backups for the database. This will maintain data security, and the threat of loss of information will be reduced.
Payroll and latest updates on legislation
HRMS should be able to assist in the calculation of salary and also must be updated with all the latest changes that occur in the Manpower Act. Payroll calculation is a tedious process, HRMS must provide automatic wage termination, and tax calculation in accordance with the Income Tax Law, and all other calculations in accordance with the Employment Act; such as Provident Fund, ESI etc. All tax forms must be available on the software so employees can download and guide to fill in the appropriate details.
Software Support and Security System
Information about employees is very important and confidential, so before choosing HRMS software, organizations should find out about the HRMS service provider support team. The software can face any problem at any point in time, so a proactive and efficient support team is a priority. Data security is another matter to check. Data should not be disclosed or accidentally lost from the software and must be updated with all the recent changes that occur in the employee database.
Must enable Training and Performance Management
Training and Performance Management are two important components of the HR Function. When choosing HRMS to ensure that the program supports the organization’s training needs, such as; allows managers / human resources to create, upload and distribute training materials and modules. Also, track the performance of all employees at every level. This allows managers to determine the appropriate key outcomes area (KRA) for their teams and keeps employees and managers updated, on the progress of work and the achievement of predetermined goals.
HR is the core support function of an organization and choosing the right HRMS with relevant features will help your business grow!