Features of Human Resource Management System (HRMS)
HRMS looks after staffing, onboarding, employee engagement and compensation, employee development, and workforce management. Hence, there are numerous features which the HRMS solution incorporates.
1. Core HR Features:
- Benefits Administration: Employee benefit is considered an important aspect of the HR. HRMS provides hassle free maintenance of benefits such as pension plans, sick leave or maternity leave, medical insurance and vacation.
- Mobile Compatibility: Nowadays, many companies have designed their personal apps both for Android and iOS users where employees can easily do necessary tasks or get important information including applying for benefits mentioned above.
- Self-Service (Both for Management and Employees): Both managers and employees can accomplish their individual task within fraction of seconds. The data loaded by both the parties make it easier to access and less time consuming. Data includes reviewing applications, entering performance review from managers side and entering personal information, claiming benefits and checking status from employees side.
2. Time & Attendance: This feature comprises of absence management, employee scheduling, time keeper, compliance, budget planning and payroll integration. All these modules help the managers keep track and record of the employees daily work schedules.
3. Analytics: Few of the HRMS has this special feature of analytics. This help managers to strategically make plans and progress accordingly regarding employees. This feature comprises of real time reporting, auto-capturing data, personalised dashboards, forecasting capabilities, financial analysis and access controls.
4. Onboarding: This HRMS feature deals with online forms and reports (paperless), automated notifications/alerts and management of probation. For seamless onboarding, HRMS should include these modules to check on new employees performance.
5. Compliance: HRMS is known for having automated recruitment compliance which claim transparency and fair choice in the hiring process. This feature also enables automated healthcare benefits compliance where newly updated laws are presented so that users have the recent information in hand.
6. Payroll Solutions: Payroll is one of the core HR processes. Therefore, HRMS includes this payroll solutions which provides flexible payroll periods, compliance with the global payroll rules, bulk processing and reprocessing, overtime records and pay adjustments and availability of online pay slips.