Human Resource Management Software (HRMS) is a digital cloud-based solution to streamline, manage, and augment day-to-day HR tasks. Be it efficiency enhancement or successful achievement of HR goals of a company, the hiring and employee management solution is totally apt. It bridges the gap between management and employees while helping HRs to help employees to better allocate their time and resource.

Let’s dig into a little history of HRMS!

Today’s millennials know no pain of HRs of the past when they had to juggle up with a humongous amount of data in raw form and go through each candidate to find the match. It had not been less than finding a perfect match. In the 1970s, computers were employed to optimize and manage human capital data for the first time in history. Since then, the HR tech has never looked back. In just a decade and with minimum tech resources, HR systems became mainstream to enterprise clients. And, then arrived ground-breaking web-based software in the 1990s solely engineered to handle HR requirements. Today, we live in a world of customized to general systems that are cloud-based, SaaS-based, iterative, and easily integrated with any or multiple data management programs.

What are the main functions of the best HRMS?

Cloud HR systems help the obvious department by automating almost every iterate task, managing data in real-time, and developing data-driven strategies and reports. Furthermore, it assures you to hire the best talent in a minimum time frame with the help of an Applicant Tracking System (ATS). SHRMpro provides both, ATS and end-to-end HRMS to help you leverage the prerequisites while eliminating the need for heavy papers and excels. Here are the concrete features you would find in the best HRMS:

• Self-service time tracking.
• Third-party application amalgamation.
• Monitoring data modification.
• Conducting and tracking training sessions for development and compliance.
• Assessing and managing employee satisfaction.
• Securely collecting and consolidating employee data.
• Developing workflows.
• Goal tracking and performance management.
• Benefits administration and management.
• Automated pre-boarding, onboarding, and offboarding.
• Generating tailored reports.

The main types of HR software:

Human Resources Information Systems (HRIS): This type of HR solution works on core data-management processes essential to undertake multiple HR functions. It is only because of HRIS that allows HR to seamlessly recruit and track applicants, collect employee data, maintain regulatory and legal requirements, manage payroll and benefits, and so on.

Applicant Tracking System (ATS): Also known as hiring system or recruiting software, an ATS streamlines the hiring process from scratch to hatch. It will automate tasks like parsing resumes, posting job openings on several job portals, screening applications, and storing applicant data.

Onboarding: This type of software helps in seamlessly introducing new joiners to a company. Onboarding ATS comes with the features like electronic signatures, training tracking, pre-boarding packages, employee questionnaires, many more.

Performance Management: This is a platform that eases the lives of HR professionals, managers, and employees by evaluating employee performance and growth, making performance goals, and monitoring improvement.

Whether you have employed less than 50 people or have 50 independent teams, HRMS has become mainstream. It would not come as a surprise if in 5 years you would be seeing HRMS or an ATS in every organization you are competing with. Stay on top with the best HRMS by SHMRpro!