Best-HRMS-Software-Features
  • Admin
  • Sept 07, 2022
Best HRMS Software Must Have Features

Best hrms software, just like every other hr software in the market, many businesses are there to claim the title of being the best hrms today but how to find which one is the best hrms software Or what are the features that make a hrms software a one stop solution. While it is impossible to explore all the features of an end to end hrms solution in a single article we will be covering only the must have features.


How HRMS can benefit your business?

Many organizations manage their employees without any HRMS software. However, with a robust HRMS, anyone in a company with access can manage tasks and access self-services. Executives or supervisors can assign new tasks, manage their team's attendance, and track their location in their handy mobile app. The hrms system allows organizing company policies, improves employee and management collaboration, and increases its overall revenue. HRMS can automate entire HR operations like Recruitment and hiring, Collecting, storing, and reaching the required data, Accrued vacations, sick leave/other types of absence, Managing payroll, Calculation of wages and other payments, Performance evaluation, Managing employees' training, Bonuses and compensation administration, Employee self-service, Automatic posting of vacancies on job portals using integration, Creation of polls of any complexity, Reminders to employees about anniversaries, colleagues' birthdays, and other important events.

1. Employee database and self-service management

HRMS can organize and store employee personal and official information. The type of employee data such as job titles, employee records, start date, salaries, insurance plans with bank and tax details, paid vacation options etc. Becomes vital when businesses reach a specific scale. Moreover, this portal allows authorized people to access your records in real time, so that HR does not have to supervise these things and saves time with employees' self service portal.


Features of employee data centralization and self-service :

  1. Track time spent on tasks and projects
  2. Schedule and edit work shifts
  3. Automate notifications regarding schedule changes
  4. Track manager's approval for a change of schedule
  5. Reserve rooms and resources for meetings and conferences
  6. Schedule vacations and log other forms of absence

Benefits of employee data centralization and self-service :

  1. Promotes remote working
  2. Enhances Employee Engagement
  3. Massive data management
  4. Keeping track of work hours

2. Recruitment management

Recruitment is the application of artificial intelligence with predictive analytics that helps recruiters change recruitment. From identifying talent to mapping candidate behavioral assessments, Humanware's recruiting management system can help you choose the right people for your business. Our powerful AI-powered recruiting software empowers recruiters to focus on the candidate experience and improve their job performance. Don't you think that every company has a common goal, namely to recruit the best talents on the market? One wonders if AI recruiting will gain traction in the years to come. However, artificial intelligence plays a key role in streamlining the recruitment process and will be constantly updated using various tools. With the many benefits available across a variety of recruiting tasks, recruiters are now ready to nurture a positive and forward-looking candidate experience.


Features of Recruitment Management System :

  1. Automating time-consuming tasks.
  2. Easy software integrations.
  3. Passive candidate management.
  4. User-friendly and intuitive interface.
  5. Recruitment analytics dashboard and reporting.

Benefits of Recruitment Management System :

  1. Improves recruitment productivity.
  2. Better communication and efficiency.
  3. Streamlines candidate data.
  4. Automates the recruiting process.
  5. Improves quality of hires.
  6. Automating time-consuming tasks.
  7. Easy software integration.
  8. Candidate management.

3. Time and attendance management

Every corporation uses attendance recording as one of its most important human resource management strategies. It's time to say goodbye to the tedious process of tracking attendance, managing licenses and alerting staff to standards of care. You can enable an automatic time and attendance system to manage working hours, shifts and holidays using the appropriate attendance management software and you will save money, time and efforts by not having to perform tedious HR tasks.


4. Performance management

Technology transformation can help capture business insights or business data, but the main issues are understanding how to use the data and tools to run the business and improve performance. It starts with using the right data to drive business results. It is important for organizations to use reliable source data, develop consistent and repeatable data quality metrics, and leverage analytics effectively. Robust data management can have a positive impact on your business. For example, better customer insights can help you identify potential opportunities. Data governance can also help companies create better collaboration across departments by providing a consistent view of information.


Features of Performance Management System :

  1. Efficiency, Fairness and Accuracy.
  2. Performance Elevation.
  3. Guide on Compensation.
  4. Incorporate Feedback from Multiple Data Sources.
  5. It Should Be A Basis for Coaching Skills Development.
  6. Set Expectations.
  7. Allow for Monitoring.

Benefits of Performance Management System :

  1. Consistency.
  2. Motivation.
  3. Morale and retention.
  4. Organizational impacts.
  5. Training needs.
  6. Firing risks.

5. Learning management

Online learning is the way to the future. Training and Development Services plans to invest more in e-learning. A learning management system allows the instructor to create and deliver content, monitor student participation, and evaluate performance. The systems can improve traditional teaching methods while saving organizations time and money. An efficient system allows instructors to efficiently manage user access, schedules, certifications and notifications. Learning management systems can be used by companies of different sizes and domains. The LMS portal is basically categorized into two main types of online training and the second is classroom learning. Classroom learning is a traditional form of learning in which the learning environment is generated within the confines of the physical walls of a classroom. Classroom learning, as the name suggests, requires the trainer and staff to be physically present in the classroom. Online training commonly referred to as digital learning is similar to face-to-face training, but in an advanced way, lessons can be pre-recorded or live; it also allows teachers to configure the season with various study materials.


Features of Learning Management System :

  1. Automation
  2. Personalized learning
  3. Localization
  4. Gamification
  5. Certification

Benefits of Learning Management System :

  1. Increased knowledge retention
  2. Reduced Learning and Development costs
  3. Increased employee satisfaction
  4. Monitor user progress and performance

6. People analytics

To successfully leverage human resource analytics, companies must collect data and use it for decision-making and process improvement, the same article explains. Now that more companies are realizing that data helps them hire and retain the right talent, companies are investing in human resource analytics tools along with trained professionals who know how to leverage and apply it. Human resources analysis aims to provide information on how best to manage employees and achieve company goals. Because there is so much data available, it is important for HR teams to first identify what data is most relevant and how to use it for maximum ROI.


Features of a People analytics :

  1. Data aggregation.
  2. HR technology integration.
  3. Reports and Dashboard.
  4. Easy to understand analytics.
  5. Actionable insights.
  6. Security.

Benefits of a People analytics :

  1. Better employee retention and lower turnover.
  2. Identifying the best sources of quality candidates.
  3. Building stronger company culture.
  4. Increasing the efficiency of your recruitment funnel.
  5. Achieving fair compensation.