For any organization to scale up, it needs more than just a good plan. It needs human resources to be properly aligned with the organization’s mission and vision. To achieve this alignment, you must leverage a talent intelligence platform equipped with a Human Resource Management System (HRMS). This software solution will play an important role in ensuring your HR team’s processes are more productive, effective, and simplified.
Top 7 Features of an Effective HRMS
It’s true that leveraging HR software can help you increase operational efficiency, allowing your company to focus on growth and expansion. But this is only possible if you choose the right solution with the most innovative features.
Each HRMS feature must perfectly suit your company’s needs. To help you choose the right solution, we’ve compiled a list of the top HRM solution features.
1. Employee Information Management
A comprehensive HRMS should include a directory of employee profiles with the following details:
- Demographics and identifying information
- Job title
- Banking and tax details
- Insurance plans
Your HRMS should also provide an employee self-service portal to view & update their information. This keeps all employee information as current and easy to access as possible.
2. Recruitment & Hiring Management
A major perk of an HRMS is the automation of time-consuming hiring tasks. Automated workflows speed up the candidate sourcing, screening, and communication processes, allowing recruiters and human resources teams to hire and onboard new employees quickly.
3. Employee Benefits Management
Managing employee benefits is another important aspect of HRMS. Proper benefits administration for health insurance, life insurance, travel concession management, or any others should be successfully handled with the system.
4. Time & Attendance Management
Automated Time and Attendance helps HR teams in many ways. It saves time and money by eliminating the manual processes involved in attendance. It also automatically tracks each employee’s PTO, sick time, and vacation in one easy-to-access location.
5. Invoice & Expense Management
The beauty of an HRMS is in its automated capabilities. An HRMS system will automatically process invoices and expenses and track all account changes. Built-in OCR abilities easily scan and manage invoices, while QuickBooks integrations expedite and organize all invoice and accounting-related tasks.
6. Learning & Training Management
Regular training and professional development opportunities are an integral part of workforce development. That’s why an HRMS includes learning management systems pre-loaded with educational resources, like professional certification management.
7. Comprehensive Reporting & Analytics
From employee onboarding to retirement or exit, a wide range of reports need to be delivered by the system. Usage of filters and BI tools generates drill-down custom reports that help to inform the organization’s decision.
To maximize your talent management efforts, your system needs to be as comprehensive as possible. Oorwin’s Talent Management Solution provides an HRMS that includes all these features—and so much more. Learn more about Oorwin’s HRMS platform by requesting a demo today.
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