All About HRMS Software

Even the small enterprises are looking to cut their time and money spent on processing payroll, and looking for HRMS Software. It helps them automate various reparative HR processes and provides them with the right information to help make better decisions related to HR. 

Good HR Software provides more time to HR and payroll managers allowing them to focus on developing the business. Some of the most noticeable qualities of HR and Payroll Software are performance management, absence tracking, succession planning, applicant tracking, carrier connectivity, government compliances, maintaining illness and injury, workflow automation, advanced reporting, job and pay, and payroll interface, self-service, and analytics. The software reduces the time of preparing timesheets for payroll and provides you with the most effective HR solutions. 

Different Types of HRMS Software

There are various HR technology types, but the most popular focus is more on staffing, employee development and engagement, onboarding, compensation, and workforce management. 

  • Staffing

This feature includes workforce planning along with employee scheduling, employee lifecycle, time tracking, leave management, and talent acquisition. 

  • Onboarding

It includes onboarding and off-boarding. Onboarding software tools help guide new hires along with software login creation, social introductions, and many other responsibilities. 

  • Development

It is about helping the employees grow and keeping them satisfied. HRMS Software also includes an employee satisfaction module, performance management, and talent management applications.

  • Compensation

This includes administration, benefits management, and payroll. Compensation self-service is most useful for employees as they are allowed to check their health benefits and PTO metrics. 

  • Workforce Management

It includes management systems and human resource information systems (HRIS), employee records, human capital management, and employee recording and monitoring. 

 

Functionalities of HR and Payroll Software

Payroll activities that include human intervention and require massive paperwork are out of style. Now, automation with the help of HR software is what the companies are looking at. Payroll systems have become easier and cheaper, with more user control and easy-to-make changes tools. Some of the salient features of the software are:

  • Integrated Payrolling: The software offers an integrated payroll system with easy-to-manage tools for employee time and attendance data. You can generate salary sheets by clicking a single button generator tool in seconds.
  • Flexible Benefit Plan: This function help categorize creating an option for the employees who choose organization-approved benefits and want to claim reimbursements. 
  • Manage Taxes: HRMS Software allows employees to make their tax declarations to help maximize tax deductions and payments accordingly. 
  • One-click Final Settlement: In case when an employee wants to leave an organization, a one-click settlement can process comprehensive final settlements in one go, and can also maintain track of the relieved employees.
  • Can Generate Various Statutory Receipts: A good HR Software is designed to generate PF electronic challan cum return (ECR), Professional Tax (PT), ESI statements, payslips, and can even auto-calculate all monthly deductions. 
  • Role-Based Access: The software allows you to create role-based logins in the payroll system. An individual can view the crucial data while keeping other sensitive information private. 
  • Reports: You can also get detailed reports for each employee’s attendance, along with leaves, and income tax reports. You can also choose from various in-built templates to help generate various reports and forms.
  • Employee Self-Service: HR and Payroll Software is designed to let the employees manage critical information effectively. They have full personal control of their tax declarations, loan requests, and other similar activities. 

Conclusion

HR software allows the freedom to access from anywhere, anytime, and from any device. While evaluating a software solution like Opportune HR, it is advisable to keep a close watch on the most critical features. Moreover, consider a user-friendly interface so that you perform your HR jobs easily. 

Easy, Safe, and Reliable – HRMS Software

HRMS software is a solution that simplifies and takes care of a company’s payroll processing and other Human Resources related matters. It allows you to work more efficiently and effortlessly so that you can focus more on your core job. 

As a business organization, it is critical to pay your employees accurately and on time. HR and payroll software is engineered with a commitment to simplifying all HR-related matters. Payroll is complex and monotonous as it requires long calculations each month. But with HR software, you can manage your employees’ compensation and pay them timely with much ease. From navigating diverse tax codes to configuring a company’s own payroll models, this software makes everything look at ease. 

Basic Advantages of HR and Payroll Software

When you decide to implement HRMS software in your organization, you can reap the following benefits:

  • Easy Maintenance of Faculty Records: With HRMS Software the HR department can keep a tab of the personal details, including qualifications and certifications of their employees. There is no further need of keeping a paper record which is more time-consuming and requires space.
  • End-to-End Payroll Processing Procedure: The software can streamline the overall payroll process on its own and helps minimize the workload of the HR team.
  • Fast Salary Calculations: It ensures quick and accurate salary calculations with fast payouts. The software works in synchronization with the management, offering automatic salary calculations and paying the employees directly into their bank accounts. 
  • Following Indian Payroll Laws: HR software is designed keeping in mind all Indian payroll laws. The payroll system works in compliance with payroll laws as stated by the Indian Government. 
  • Better Data Security: The software can also define the user’s role and can provide role-based access for enhanced data security. 
  • Insightful Reports: It can also provide insightful payroll and employee-related reports including employee performance. These reports come as handy when calculating annual bonuses and for other organizational purposes. 

Advantages of HRMS Software

A good HR software from Opportune HR offers the following advantages to an organization:

  • Effortless Payroll Processing
  • Intuitive HR Management 
  • Easy Compliance and Reporting
  • Automated Time Management Procedures
  • Easy Employee Expense Claims and Status of the Submission
  • Online Salary Credits
  • Attendance Solution Integrated with Bio-metric and GPS

In addition, you can also manage the following with the help of HRMS software.

Leave Management: The software provides a flexible approach to customizing different leave types and helps set complex leave policies for an organization. 

Shift Management: Flexible to customize shift policies, the software optimizes various work schedules and also avoids scheduling conflicts for your employees.

Salary Information: It can automatically fill all salary details like allowances, deductions, payment mode, commissions, bonuses, and other critical details required.

IT Declaration: It can handle employees’ IT savings and investments. Thus it can automatically calculate the Income Tax based on employee investments and deductions.

Reporting: It can provide various reports to understand employee information, payroll tax liabilities, and much more. Reports share a wealth of information and are critical while calculating annual bonuses or during promotions.

Outsourcing Services: The software offers end-to-end payroll compliances, expenses, reimbursements, and error-free salary calculations, along with managing employees’ onboarding to exit functions. 

Conclusion

HRMS Software is available in the market at different price levels with different levels of functionalities. No matter the size of a company, HR software is a need of every organization. You are required to calculate your current need and understand the flexibility to grow and expand the organization’s future needs. Consider Opportune HR, the new age one-click payroll solution, as it can manage all your payroll-related activities accurately and timely.

Why Do You Require HRMS Software?

Attendance Software has transformed the overall experience of the HR department and the way they handle their routine work. It has simplified the core activities of HR simultaneously providing them with the best user experience and time management skills. 

HRMS software helps prevent employee time theft and maintains accountability within the workforce. Along with employee welfare and other necessary HR activities like promotions, appointments, and perks, are the outcomes of good HRMS Software Kolkata. 

Why a Business Requires an Attendance Management Software

Businesses need to get a clear picture of the employees and estimate their productivity. Attendance software is the best option to set accountability within the employee’s work culture. Some of the several benefits HRMS software provides are listed below:

  • Transparent Solution: HRMS Software provided transparency in transactions related to the attendance of employees, along with incentives and perks provided to them. Transparent transactions are one of the key factors to winning your employee’s confidence and helping motivate them. 
  • Automatic Tracking Procedure: Manual attendance system may give rise to external discrepancies. Anomalies occurred during manual calculations can be threatening and influence employees’ work. Automatic tracking systems calculate exact lunch breaks, leaves, and holidays, eradicating time thefts.
  • Single Source: The data for an employee’s attendance can be accessed by a single person only. If an employer wishes to share the data with another person they can provide access to the HR department or other relative departments, as and when required.
  • Ease of Access: Attendance software is a multifunctional solution that calculates employee attendance along with performing other critical HR activities. It provides ease of access and offers multiple features including mobile submission, biometric integration, and multilevel approvals. 

Benefits of Deploying HRMS Software

There are several benefits for a company when they opt for HRMS Software Kolkata. No matter what the size of an organization is, this software is in high demand these days as it offers various benefits.

  • Direct Salary Deposits: There is no need of depositing each month’s salary manually. The software can deposit salaries directly into an employee’s bank account. 
  • Smooth Migration: Your old existing account and HR system can be easily migrated to the new software. Readymade templates provide you easy access to help feed your data with easy migration facilities.
  • Auto-Pilot Procedures: You are even allowed to go for auto-pilot procedures and set compliances like TDS, PF, PT, and ESIC while calculating and paying employees’ salaries. 
  • Organizational Goals: With the help of this software you can meet the organization’s goal and can even improve performance with continuous feedback.

What you can do With Attendance Software?

There are a variety of things that can be controlled with the help of this software. End-to-end attendance management helps you integrate the following activities:

  • Configure Leaves
  • Manage Attendance
  • Pay Overtime
  • Manage Multi-Shifts
  • Calculate Pay Days
  • Manage Attendance Policies
  • Enable Geo-Tracking
  • Enabled Employee Self-Service Portal
  • Mobile Ready
  • Manage Multiple Locations with Different Time Zones
  • Biometric Integration
  • Seamless Integration with existing software in the companies
  • Manage your employee’s complete life cycle
  • Affordable Group Health Insurance
  • One-click payroll processing

Conclusion

Start managing your employees with HRMS software right from their onboarding to exit. The software is designed to meet the unique needs of organizations of various sizes. Best suited for Startups, you can also go through a variety of simple tools like offer letter generator and CTC calculator, and allow your employees to access their payslips whenever they want. You can also make tax declarations and manage leaves directly from the server of the portal. Schedule a demo with Opportune HR today and enjoy hassle-free and smooth HR activities.