What is HR Software?
Most modern businesses use Human Resource
Management Software that fits the need of their organization. HR management software is a
suite of applications that assist the HR team in managing employees. It manages the
full employee lifecycle – from pre-boarding to off boarding. It automates the
manual HR processes and helps the HR team and employees to enhance productivity by focusing
on more productive efforts. HR Software also helps executives in
decision-making by providing them with accurate insights through data analytics.
Functions of HR Software
HR software performs the following important functions:
Talent Management: It assists with workforce planning and recruitment processes. Lets you offer employment opportunities, post both internal and external jobs, manage all the job applications with ease, and carry out all the stages of your hiring process - from receiving job applications to reviewing them to interview scheduling, all the way through onboarding.
Learning Management: Training and development is a key HR function. HR software enables companies to manage all the courses easily. HR teams can track employee development.
Time and attendance: Enables employees to mark their attendance, even remotely, through self-service. Tracks time spent on projects with timesheets feature which are fully integrated with payroll. Also allows employees to claim allowances.
Payroll Management: Provides reliable, easy-to-configure, and flexible payroll management to manage payments to employees of all types (including salaried and hourly employees). It lets HR generate the pay slips and bank files, and review them. Simplifying payroll management makes it easier for staff to manage complex rules, and payroll flows, and maintain compliance with the tax laws of different countries.Benefits Management: Allows managing benefits like company car allowances, cycle to work, voluntary contributions, etc. Also lets you define pension schemes and track all the contributions.