A HR Management System consists of many modules which are similar to the job duties of the Human Resources Department. Each module allows employees to focus on the task at hand, and thus accomplishment becomes easier.
Even the most basic software packages dealing with Human Resource Management Systems will contain almost all of the modules mentioned below.
Just as the name implies, the payroll module automates the payroll process, and ensures that no errors occur in calculations and all tasks are completed before the salary date. In a basic Human Resource Management System, the HR personnel will have to manually enter attendance and timekeeping records. However, advanced Human Resource Management Systems automatically log the attendance data through electronic cards or a tracker which is connected to every employee's computer.
When all attendance information has been inputted, the module calculates the salary amount for each employee, and automatically deducts money for tax, conveyance, medical and other related expenses. After this, paychecks and tax reports can be generated.
Benefit Administration Module
The Benefit Administration module of Human Resource Management Systems is a convenient way to monitor and control participation of each employee in various benefit programs such as pension schemes, medical insurance, and profit sharing. An ERP system is an intuitive, easy to use ERP software that facilitates recording and processing of all the financial transactions.
HR Management Module
This module offers a wide range of solutions related to application data analysis, demographic details of all employees and other similar HR functions. Its purpose is to provide an efficient way to control the Human Capital Pool or HCP of the organization. This is done by recording training, qualifications and skills of each employee.
Talent Management Module
A talent management module or applicant tracking system simplifies the recruitment and the talent acquisition process. It analyzes usage of human resources, identifies, potential candidates, and allows the HR team to recruit people through company facing listings and online job websites. It also compares shortlisted candidates on the basis of their scores, education and experience, which makes it easier to make a decision.
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