- By: shrmpro
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The HRM software is ultra-modern to bring the premium features and functionalities within the organization. It renders companies an easy to pick only those filtered traits which they need the most.
When it comes to streamlining different HR operations, an HRMS system is the perfect fit for every business. You only need to pick the features/ modules that your company actually demands.
Here is the list of the mandatory modules an HRMS system must have-
- Employee self-service
The perfect HRM software must be of the kind that allows every employee to access and modify his personal data like payroll details or a number of leaves. It gives employees a sense of value from the company’s end and focuses on timeliness and convenience of the employees of each hierarchy. It enables routine tasks such as time-off requests, review attendance and communication with peers and HR.
- Payroll system
A dynamic payroll system gives one-touch results by running error-free payroll calculations, view online pay slips, incorporating detailed salary info, pay history, payroll deductions, taxes, and similar info. The maker and checker concept in the payroll system enables dual approval process to avoid errors.
A company can run smoothly only if he picks the right candidate for the desired skillset from the large talent pool. The recruitment management of the HRM software is a complete package of a host of activities, i.e. online requisitions, screening for candidate evaluation, interviewing, final selection and onboarding into the designated department.
- Leave and attendance management
For the smooth functioning of the HR management system, employees are provided with an interactive panel to apply for leaves and view the leave details. The managers have the access to approve or reject the leave as per the workforce availability. Similarly, in and out time of the employee for a week or month can be effortlessly accessed. With suggested APIs, your attendance can be integrated with the attendance management module.
- Performance review
An annual performance review is a basic activity within every firm to assess the overall growth of the employee and give the relevant appraisal. It requires 360° evaluation by every employee who works around including peers, direct reports and managers.
- Claims and reimbursements
Managing expenses is an important aspect of the HRMS system to avoid any flaw in the cash flow. Employees are allowed to view their expense history, request details, applications with approval and rejection.
- Exit management
When an employee leaves, he is provided with all the essentials at the time of full and final settlement process through an effective exit management.
In a Nutshell
As the time is changing at a rapid pace, HRMS is not merely confined as a storage unit of employee database. It has expanded as a broader package where every HR operation is to bind in a streamlined manner.