Development

HRMS stands for Human Resource Management System. HRMS is used for hiring, training, managing, evaluating and maintaining information of all employees (Human Resource) in an organization. In some cases HRMS software is also known as HRIS, Human Resource Information System.

With the increase in Business complexity and competition, employee management has become increasingly more complicated and difficult. Employees expect more from their companies and companies expect more from employees. To achieve the maximum in each case, a proper system is required to manage employee expectations as well as their output.

Management of employees requires timely payroll management, succession planning, recruitment of the right candidates, and management of employees’ everyday needs like Leave approval, Expense Claims management, and Payslip management. To enable a company to get the maximum out of its employees, it needs to review their performance, their attendance, and their career progression.

An HRMS Software should ideally provide all these functions to an organization. Payroll Management is handled using the Payroll Module. Hiring is managed through the Recruitment Module. Performance evaluation is managed through the Performance Appraisal Module. Leave Approval through HRMS eLeave Module and Expense Claims through HRMS eCLaims Module.

HRMS Payroll Management Module

HRMS Payroll management software is designed to address the entire spectrum of enterprise payroll requirements ensuring accurate, faster and efficient payroll processing. The HRMS Payroll Management module allows you to automate payroll calculations for wages, bonuses, and other forms of compensation, based on user defined rules. It allows you to configure payroll components such as wages, bonuses, or other forms of compensation, administer taxes, deductions and more. HRMS Payroll Module enables you to align payroll processing according to your organization’s policies and ensure that payroll process is effective, accurate and consistent.

A learning management system (LMS) is a software application for the administration, documentation, tracking, reporting, automation and delivery of educational courses, training programs, or learning and development programs. The learning management system concept emerged directly from e-Learning. Although the first LMS appeared in the higher education sector, the majority of the LMSs today focus on the corporate market. Learning Management Systems make up the largest segment of the learning system market. The first introduction of the LMS was in the late 1990s.

Learning management systems were designed to identify training and learning gaps, utilizing analytical data and reporting. LMSs are focused on online learning delivery but support a range of uses, acting as a platform for online content, including courses, both asynchronous based and synchronous based. An LMS may offer classroom management for instructor-led training or a flipped classroom, used in higher education, but not in the corporate space. Modern LMSs include intelligent algorithms to make automated recommendations for courses based on a user’s skill profile as well as extract meta-data from learning materials in order to make such recommendations even more accurate.

A point of sale (POS) is a place where a customer executes the payment for goods or services and where sales taxes may become payable. A POS transaction may occur in person or online, with receipts generated either in print or electronically. Cloud-based POS systems are becoming increasingly popular among merchants

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M&E systems help organizations assess and manage performances so the right improvements can be made. You can think of M&E as being fairly synonymous with performance management. While it can be used in any number of organizations, monitoring and evaluation systems are often used to assist international development.

M&E plays a major role in this international development by helping organizations—like non-profits and NGOs—ensure that their programs are effective. It can be used to weigh donations and funding against various factors to assess their success, so funding can be adjusted as necessary and the strategies can be improved upon. The results of continuous monitoring and evaluation can help prove to donors and funders that their money is being used and allocated correctly.