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.
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