Artificial Intelligence can revolutionise Human Resource Management Systems (HRMS). It does this by handling decision-making through efficiency, personalisation, and data. AI can streamline and automate various HR processes. This includes recruitment, employee onboarding, and performance management.
Specific systems have all-in-one HRMS software solutions that will catalyst companies and businesses. Businesses will become manageable with improved and more efficient HR and software solutions.
This helps to develop strategic HR solutions for big and small businesses across numerous global industry sectors. AI is also integrated with healthcare, logistics, retail, apparel, and hospitality for HR objectives. It works with both companies and candidates.
Functions of HRMS Software
HRMS software helps in employee management by keeping a record of their details, and preparing performance reports. It also helps in calculating salary and reimbursement, recording leave and attendance, reviewing KPI/KRA, as well as shifts and WO. It also helps in analysing employee cycles like streamlining interviews, offer letters, asset mapping, increments, resignations, and clearance.
HRMS software also helps in 360-degree employee evaluation and customisable reporting. It handles employee dashboards and automates reminders for employees.
Advantages of HRMS Software
HRMS software is user-centric and customisable. The software outputs can be tweaked as specified by HR. This enhances user and employee experience. HRMS software also offers dynamic employee portals and dashboards. It gives a real-time holistic vision of the company. By becoming cloud-based, many HRMS software can be accessed anytime and anywhere.
HRMS software has the capability and efficiency of providing more than 500 reports at a time. These reports can be curated according to the different needs of an organisation. It has the power to tailor to the diverse needs of HR, employees, and reporting managers.
HRMS software helps to increase the productivity of an organisation. Manual work is made hassle-free and easy for HR managers.
Most importantly, the entire process is automated and can be accessed in real-time. They can also be accessed on all platforms, including through mobile phones. It can be compatible with Android and iOS devices. Payslips and reports can be viewed and downloaded.
These reports are also password-protected to maintain an organisation’s confidentiality. Sometimes, biometric systems are integrated into these HRMS software, especially when accessible from a mobile phone. This helps in recording day-to-day attendance.
HRMS software also enables attendance and GPS tracking so that employees remain professionally accountable. Many things become easier thanks to HRMS software. This includes assigning maternity leaves, working from home systems, and holiday distribution.
Payroll Software Features
A payroll software ensures that each staff member is paid their salary by their work days. It takes care of things like ensuring each person gets paid based on their work days. It is not just about the regular paychecks either. The software keeps an eye on yearly salary increments and promotions. It also reminds company managers about any pending payments.
Payroll software helps to streamline the process of managing employee compensation and related tasks. It automates many manual tasks involved in payroll processing, such as calculating wages, tax deductions, and benefits. Automated calculations help minimise errors in payroll processing. Payroll software is often designed to stay updated with tax regulations and compliance requirements.
Key features also include a direct salary payment, expense and leave management, and employee self-service application. Even payroll software can be encrypted through biometrics and geo-tracking.
Nowadays, outsourcing payroll processing has become the norm in India. It helps for small and medium businesses to prioritise their company’s functioning. By outsourcing payroll processes, penalties can be avoided, time and money are saved, and data remains secure.
SGC and PionHR completely exploit the benefits of HRMS and payroll software. They are also one of the leading payroll service providers in Delhi. Their services ensure the timely filing of income tax returns and simplify a company’s payroll handling. Companies can extensively save time and money with the help of their services.
