A human resource management system (HRMS) is an array of software used to store employees’ info.
Also, it supports several human resource functions like; recruiting, training, payroll, benefits, etc.
This article is a complete guide to Human Resources Management System (HRMS).
Hence, if you need software to handle HR functions, make sure you read through this article.
However, we will break down this article into the following:
- What is a human resource management system?
- How does a human resource management system function?
- Basic Features of human resource management system.
- Why is a human resource management system important?
- Difference between HRIS and HRMS.
- Benefits of human resource management system.
- Type of human resource management system.
- Examples of human resource management systems (HRMS). wikipedia
What is a human resource management system?
A human resource management system (HRMS) is an array of software used to store employees’ info.
Also, it supports several human resource functions like; recruiting, training, payroll, benefits, etc.
Also, the HRMS is used evenly with a human resource information system (HRIS).
How does a human resource management system function?
A human resource management system helps preset manual tasks. It also organizes employee info and creates data-driven reports.
Hence, these activities are done digitally. Thereby making it easy for the HR department to avoid excessive paperwork.
Also, the HRMS allows you to customize the apps as well as the features.
Thence, all you have to do is to create a username and password to access your HRMS software.
That’s not all, it also allows HR supervisors to access this software from various locations. And still get updates on tasks related to recruiting, training, payroll, benefits, etc.
Also, when info within the HRMS is updated, it reflects across this software and is saved in a safe cloud.
Thus, you can also connect your HRMS software with other data management platforms. Thereby making your software easy to use.
Basic Features of human resource management system
The features of a Human resource management system vary based on its provider. Hence, in this article, we were able to gather some core features of HRMS:
Benefits Administration
This feature handles managing employee benefits. And also, factoring these benefits into payroll calculations.
Hence, an HRMS allows you access to benefits administration sections. These sections allow you to factor in benefits. And these benefits include medical insurance, maternity leave, pension plans, vacation, etc.
Customizable Dashboards
HRMS comes with a flexible dashboard that can be customized to meet the needs of an HR department.
Hence, this allows you to create personal dashboard displays. As well as customize your feature features and a lot more.
Reporting and analytics
This feature handles operational reports to track HR info. It also completes agreement reporting and develops key performance indicators (KPIs).
That’s not all, it also installs HR metrics into financial dashboards as well.
Time and Attendance
The time and attendance features help process time-off requests and manages time-off balances.
Hence, it also handles employee scheduling and absence management. And allow timecards to be allied with payroll and projects.
Learning management
The learning management features help employees obtain or develop skills through course administration. As well as course and curriculum development, testing, and certifications.
This feature also helps companies in rolling out and tracking required compliance training.
Centralized employee records
This features offers a storage house where all employee records are stored. And also updated, and maintained.
Hence, this help improves reporting. And reduce the costs of compliance as well as preparing for audits.
User interface
Most HRMS comes with a user-friendly interface, which is important. Hence, most HRMS user interface comes with unique elements. This includes; personalized dashboards, workflow automation, mobile apps, etc.
Why is a human resource management system important?
The aim of most companies and businesses is Growth. And, growth comes with more data, more employees, and more HR tasks.
Hence, with a Human Resource management system handling HR tasks is easier.
Thus, it saves time for employees as well as costs in getting more workforces to handle these tasks.
An HRMS helps companies as well as businesses to be more productive by reducing workload.
Hence, instead of much paperwork, you can focus on other aspects of your business.
Difference between HRIS and HRMS
An HRIS and HRMS are mostly used evenly. Although they seem alike there is a difference between the software. An HRMS focuses on managing employee functions like performance, time off, onboarding, etc.
While, an HRIS tracks static employee info like name, SSN, etc.
Benefits of human resource management system
There are many ways your company or business can enjoy HRMS.
Hence, we were able to gather five benefits of HRMS:
Minimized Human error
Entering accurate data can be a bit hard especially when it’s a long or repeated task.
Hence, most of these error has leas to unplanned business cost. Thus, with an HRMS, these errors can be reduced and help boost productivity.
An HRMS help reduces major errors like double entries and a lot more. Also, it allows employees to cross-check their work for possible typos.
Good data tracking and management
An HRMS makes sure that important info is always delivered to you on time. Hence, this is important to grow your company.
However, having outdated and poor data that hinders good decision-making. Hence, HR software gathers data and allows you to access it anytime and from anywhere.
Due to everything being in digital form, there are low chances of making mistakes. As well as losing crucial documents.
Improved employee Training and Self-service
It is crucial to train your employees at the beginning to enhance retention. However, ensuring your employees are content with work processes can be a bit tedious.
Hence, an HRMS help provides access to online training for your employees. Also, it allows you to know the needs of workers, and set personal goals and team goals. As well as evaluating the progress.
Thus, recent HRMS permits workers to update their info. Hence, they can do this without engaging the HR department.
Streamlined Employee Management
Managing employees is one of the major duties of the human resources department. HRMS helps you organize your workforce by deciding and linking directed roles. As well as defining teams or departments.
Hence, your workforce being in a unified place, makes employee management easier. And also, help your employees to understand the likely workflow.
Better hiring and onboarding
Most HRMS software comes with useful tools to make the recruitment process easier. Hence, some of these tools are; Integrated Applicant Tracking Systems, etc.
Hence, these tools help ease candidate searches, interviews, and reviews. Thereby helping you work effectively to find the best candidate.
Types of human resource management Systems (HRMS)
The Human Resources Management System focuses more on staffing, development, and onboarding. As well as compensation, and workforce management.
Hence, let’s have a breakdown of each of them:
Staffing
This includes all workforce planning like; employee lifecycle, and employee scheduling. As well as management software, and leave management.
Also, it comprises time-tracking software as well as talent acquisition. Hence, this is through an applicant tracking system.
Onboarding
The Onboarding systems contain both onboarding and offboarding software.
It is used to guide new hires through paperwork schemes, and software login creation. As well as social meetings, and other duties.
Development
This system helps develop your employees and keep people satisfied. It includes; performance management software, talent management software, etc.
Compensation
Compensation systems come with elements like; benefits management software, and payroll software. As well as administration software.
Also, this system helps employees access their benefits or PTO metrics.
Workforce Management
It comes with elements like; employee record tools, and HRIS. which is known as human resource information systems.
Also, it contains human capital management software and human resource software. As well as employee recording and monitoring software.
Examples of human resource management systems
Below are core examples of human resource management systems:
Paycor
Paycor is an HR software used for recruiting, onboarding, time tracking, and payroll.
Hence, this software offers two pricing options to select from:
Companies with under 50 employees
Visit https://www.paycor.com/plans-pricing/small-business to contact sales.
Companies with 50 to 1000+ employees
Visit https://www.paycor.com/plans-pricing/mid-market to contact sales
However, you can visit https://www.paycor.com or more info.
BambooHR
BambooHR is online HR software. It is mostly used by small and medium-sized businesses with expanded spreadsheets.
Hence, this software saves you some time and helps you focus on other important matters.
However, this software did not display its pricing on its website. Thus, you will have to visit https://www.bamboohr.com to access its pricing. As well as other crucial info about BambooHR.
Rippling
Rippling is an HR software with a complete platform to help manage HR and IT activities. This software didn’t make its pricing plan public. Hence, you have to access its pricing plan at https://www.rippling.com/pricing. Hence, you can visit https://www.rippling.com for more info.
Zenefits
Zenefits is an online human resource (HR) software. It helps you manage your employee documents, benefits, payroll, attendance, etc.
Also, this software comes with great pricing plans that suit all business levels.
Hence, here are Zenefit’s pricing plans:
Essentials
10 USD per employer each month (Monthly).
8 USD per employer each month (Yearly).
Growth
20 USD per employer each month (Monthly).
16 USD per employer each month (Yearly).
Zen
27 USD per employer each month (Monthly).
21 USD per employer each month (Yearly).
ClickUp
ClickUp help simplifies hiring and onboarding. As well as employee development in a unified HR management platform.
Hence, ClickUp has a free plan known as the Free Forever plan. It also other pricing plans like:
UNLIMITED
9 USD per user monthly.
5 USD per user yearly.
BUSINESS
19 USD per user monthly.
12 USD per user yearly.
BUSINESS PLUS
29 USD per user monthly.
19 USD per user yearly.
Contact sales at https://clickup.com/contact/contact-sales to access the price of this plan
Also, you can visit https://clickup.com to know more about ClickUp.
Monday.com HR
Monday.com HR helps you track your talent pipeline. And also engages employees and simplify recruitment. As well as onboarding, employee wellness, and development.
Hence, monday.com HR also comes with a free plan known as the Free Forever plan. And it has other pricing plans like:
Basic
10 USD per seat/month (monthly)
8 USD per seat/month (yearly).
Standard
12 USD per seat/month (monthly)
10 USD per seat/month (yearly).
Pro
20 USD per seat/month (monthly)
16 USD per seat/month (yearly).
Enterprise
For the piece of this plan, contact Sales at https://monday.com/sales/contact-us.
Other examples of Human Resources Management Systems
- Factorial
https://factorialhr.com
- Trinet
https://www.trinet.com
- Bambee
https://www.bambee.com
- Workday
https://www.workday.com
