HRMS software features:
There are tons of businesses and industries that rely on HR software for their daily operations including even small jobs like leave approval of employees till accounting. Perhaps, what features of an HRM software make it so important? Below are some-
- Budget friendly (monthly subscriptions)
- Accurate payroll
- Workforce management
- ESS (Employee self-service) portal
- 24/7 availability
- Data integration
- Compliance management
- Foolproof and info-rich reporting
- HR chatbot
- Expense management
HRMS Market Trends
Here's a list of trend Probuz HRMS has seen around 2019 and further-
Let’s take a closer look at each type.
Mobile HR is the New Normal:
With drastic developments in market, with millennials dominating the maximum, businesses had to tilt towards being mobile or promote mobility at their workplace. Mobile payroll app is the one of its results. It lets employees work remotely without a second thought. And, therefore mobile workforce HR.
Mobile App's Integration:
According to a study, more than 80% of the millennials have been observed to be leaning towards mobile usage as compared to desktops. Mobile applications make it very easy and feasible to work upon. Integrating your self-service portal with some most used messaging apps could engage your workforce in a better way. Therefore, you come closer to your internal customers and serve better.
Flexible Work Hours:
Disown the outdated 9 to 6 working schedule and wake up to the flexible working patterns. There are tech giants who practiced less working days and hours with flexible working hours and observed improved results and productivity at business revenue. Human resources management system with its capability of employee and time-tracking, it calculates accurate worked hours promoting flexible employee working hours.
Artificial Intelligence (HR BOTS):
AI-based chatbots help segregate HR duty efficiently. Some of the basic queries from employees gets easily attended by these bots thus, saving efforts your efforts and time. These bots, in near future, can easily mimic an HR in their absence with some added humor for employee engagement. An HRMS along with such HR-based bots could be the most craved one! Check out Probuz HRMS' bot - smHRty!
Wearable in HR:
Wearable! This could give a whole new dimension to HR management. Imagine receiving your leave approval notification on your wrist itself. Wouldn't it be great? Wearable in HR could be the biggest step towards employee engagement and would bring you closer to your employees. Whether they are on-site or remote area, communication is no more a concern.
Benefits of HRMS software
With time becoming as important as money, enterprises have expanded their search of best available resource to save maximum possible minutes at work. HRMS being the most advantageous thing for any SME or startup, it not only benefits the recruiting department or payroll but also helps you boost your overall business productivity and revenue too.
Given below are some prime benefits of HRMS software:
- KPI monitoring
Easy access to employee data
Simplified recruitment procedure
Easy to use
Improved employee satisfaction
What's the difference? HRIS vs HCM vs HRMS
Difference between HRIS and HCM
Generally, terms HRIS, HCM (Human capital management) and HRMS are used as synonyms for each other. Whereas, the fact; HRIS is a function of HCM, which means HRIS (Human Resource information system) is one of the types of HCM.
Similarly, HCM is a type of HRMS (Human resources management software). HCM is all about HRIS, self-service, on-boarding, recruitment, etc. Whereas, HRMS comprises of all these HCM functions with payroll and labor management as well.
The need for an HRMS
It is essential for the company management to assess the company needs and then select the suitable HRMS solution for the organization. Involve HR team and one representative from each department in a decision making process to get the clear picture of the long-term and short-term HRMS goals and its processes.
Finding and implementing the right HR Solution can contribute huge to the company’s growth. Cloud-based HRMS system improves HR functionalities and helps HR team to act more strategically. Moving towards automation and data analytics is a smart decision for businesses.
Below are some quick reasons which explains ‘WHY’ companies need HRMS Solutions:
Its paperless approach to store and manage employee data eliminates the problem of misplaced and also drops the cost of investment in space and stationery.
HR MIS Reports tool allows HR to generate reports without much effort, so getting a quick-view of critical information becomes easier.
Employees can access their own data through employee self-service portal which builds trust in the organization.
Increase employee engagement and make company staff more productive.
Easy to track real-time employee data, including leave balances and attendance.
How to choose a right HRMS software?
While choosing the perfect vendor, you must first know about your business insights like its requirements, vertical, etc. Choosing an HRMS might be the biggest deciding factor for your business' future but it will surely benefits administration work of HR team. Not all size fits all! The same way every HR software is not same. Basically there are 2 categories under HRMS – Cloud based HRMS and On-premise HRMS.
Cloud-based HR software are basically meant for smaller enterprises and startups. Whereas, on-premise system is more suitable for larger ones.
Here are few more factors-
Implementation duration, etc.
HRMS software pricing:
There are tons of options available in market. Different HR systems offer different pricing. Pricing can be monthly or annually based depending upon vendor or your business. There also exists categories under subscriptions. They are - Standard, professional, premium and FREE trials as well. Each category comes up with its unique set of features. Get the best one that suits your company needs and also perform HR activities with ease. Also, consider the 'data security' factor while making a decision. Check out what Probuz HRMS offers here! Also, don't forget to ask for free trials.
Companies must leverage on advanced technologies like Big Data analytics as it helps the human resource department in various areas such as job enrichment, job rotation, 360-degree appraisal process, contract worker management, etc. If you really want to take your HR team to the next level, then automated and efficient cloud-based HR software is a must. In this ‘digital era’, employees want to work smarter and also you can manage all your HR activities seamlessly in one go!
When companies take support of such techniques, then HR professionals can work like never before. They can perform their tasks, from recruitment to exit formalities, in a better way. And, this will lead to better business growth and happy workplace.
For more details, you can reach us here, sales[at]sagesoftware.co.in or simply SMS SAGE to 56767. Follow us Twitter or Facebook to get latest update about Probuz HRMS. Do not forget to book a 15-day free trial of our HR software.