IMPORTANCE TOOL FOR HR PROFESSIONALS & MANAGEMENT STUDENTS: HRM SOFTWARE

The HRMS Software market is ever evolving and growing fast. To put up with the varying needs of the businesses, HRMS software are now available both customized as well as company designed helping businesses, especially; SMEs in India.

Most small business owners or startup founders can check on employees by looking across at them from their desks or walking down one short hallway a small office space to pass their desks. But no. of employees & office space also grow as organizational grows. Than the simple task of keeping a check on employees become complicated.

That's where human resources (HR) software and management systems come in to picture. These HRM software help HR executives, HR information systems (HRIS) departments, and company owners track employee, where they're based, what they're doing, and & there performance.

What is HR Management Software?

HR software solutions are all about Recruitment management, Employee management, Shift management, Attendance management, leave management & payroll management.

 

HRM software HR professional or HR Students Should know:

As a Postgraduate in Management studies I have seen that 90% of Institutions do not provide any practice exposure of the related technology of the domains (like training for Various ERP software which are an integrated part of the respective domain). These software is not just about leaning course related things but if a student have working knowledge of these software it will directly helps them to get a Job (because you have a edge our the competition ).

There are many vendors who provide free trial version of software which an HR professionals or student can download to get practicle exposure of this HRMS software. Eg. BambooHR ,Zenefits Z2,SAP SuccessFactors, Perform and Reward, Namely, APS Online, OnDemand ,Deputy.

These software helps in :

Applicant Tracking

This category is about making sure company don't let their best candidates slip through their fingers because of mismanaged on boarding. The best AT tools let you follow your candidates from the first interaction until the day they leave your company.

Performance Management

Performance management is the one feature that is most associated with HR management systems. But, because there are several popular methodologies for measuring employee performance, software makers have devoted entire packages specific to this process.

Eg. SAP Success Factors Perform and Reward

HRMS Systems

Beyond all these different disciplines, HR software vendors add their own product mix Different module by different vendor offers modules for posting job openings and tracking applicants, running payroll, managing time-off requests, scheduling shifts, administering benefits, and setting performance goals and reviews.

Under HRMS category Payroll is altogether is a separate module. It is proved as an important tool for SMEs in India.Webtel Electrosoft Pvt.Ltd is a leading organization provides payroll software to thousand of clients Ranges from small to large Enterprise across the India.  

As per as SMEs is concern this software covers all the major aspects of HRM software’s like

•        Employee Management

•        Asset Management

•        Performance Analysis

•        Employee FnF Records

•        Leave Adjustments

•        Salary Calculator

•        Salary Breakup and Slip Generation

•        Appraisal Implementation

•        Taxation Management

•        Employee Arrear Management

•        Attendance

•        Employee Appraisal & Promotion

•        Relieving Process