5 key features checklist for HRMS software

HRMS software in India is unarguably the most opted software by SMEs and large scale enterprises. It has been witnessed that organizations with technologically advanced applications have increased the efficiency curve. Choosing for a web based application such as HRMS software in India is a challenging job. The best way to proceed with such a purchase is to form a checklist including the key features required by an organization.

Let’s dig a little and discuss five must have key features of an HRMS software that a buyer should look for. Because without the below mentioned pointers you would end up investing in an HRMs software in vain. It would not help you as much as you must have had expected it to.  

Data management 

A well equipped HRMS software in India has to fulfill the basic requirement of providing a secured and centralized platform to store employee data. An employee associated with an organization trusts the organization with their personal information such as tax details, bank account details, medical history, personal residency information, salary history etc. This links the employee with the main record of the organization smoothing the pathway for tracking and reporting. Online HRMS application provides the employee with a secured platform to upload, view and keep a track of the information.

Recruitment
A comprehensive HRMS software is designed in a way to take care of the entire life cycle of an employee starting with recruitment and hiring. Human resource management software is capable of streamlining the hiring process by automating various functions of an HR. It empowers the HR to post job descriptions and vacancies on various sourcing platforms and send bulk emails to the shortlisted candidates to proceed. HRMS application also helps the recruiter to customarily pre-screen the applications based on the required qualifications for the available positions.

Performance management
HRMS software with solidly built talent management features for the HR takes care of the newly hired employees even after recruitment. Once hired the employee needs to complete the probation period. The web based application assists the HR to keep a track on the employee’s performance and client satisfaction. This feature automates feedback from the team lead or the manager to analyze performance reports based on the data provided by the application. Depending on the customized feature of the application the employee can view their performance on the dashboard increasing the user interface. This feature eliminates long performance review meetings and gives ample amount of time for the HR team to focus on betterment of the organization.

 Management of finances
This feature focuses on increasing the efficiency of the payroll team. One does not need to define the importance of the financial advances for an organization. Management of payment of salaries, tax payments, bonuses, compensations are few of the integral duties of the payroll team. Online HRMS software assists in automating these calculations minimizing the room for error. With the assistance of the best HRMS software in India the HR can streamline these payments and ensure that the employees’ are properly compensated.

Time and attendance management
HRMS software provides a window to manage the workforce of the organization. It empowers the HR to scheduling shifts of the employee and keeping a track on the staffing needs of the organization. These features assist the admin to plan cross team collaborations and allocate projects to the teams within just a few clicks. Furthermore, many HRMS software empowers the employee to keep a track on the updated schedule of the shifts. Time off and compensatory offs can be planned for unannounced crises or leaves like paternity and maternity leaves and other absences. 

A standard HRMS software comprises features automating various functionalities of the human resource management team. Having said that, it is essential for the buyer to form a requirement checklist including the inputs provided by the IT team. The IT team can assist in opting for the best HRMS software in India suitable for the organization.

Also Read: Why All Eyes Are on HRMS Software In 2021?