What Are The Components Of Human Resources Management

UPDATED: 
September 20, 2021
What Are The Components Of Human Resources Management

HR Systems are important for human resources because they standardize and consolidate the core processes related to managing people. An HRMS includes separate modules that handle specific tasks like payroll, benefits enrollment, or retirement services while leaving employees free from those boring day-to-day administrative work - all in one place! These are the basic functions of an ideal Human Resource Management System:

Application management

A holistic employee onboarding module seamlessly tracks and monitors applicants across job boards, recruitment portals, or websites throughout all phases (find, shortlist interview) in a single interface. This will allow recruiters to collaborate with you while streamlining the hiring process!

Employee management

Store and keep all the employee-related information safe and secure. Information includes employment history, basic profile, role, performance, etc. They update this information on the central database that can be easily accessed anytime, anywhere to make work-related discussions.

 Organizational management

Create an organizational structure with pre-defined industry-relevant templates, business processes, and reports to support global employee relocation. Provide clear guidance for all other tasks related flexibly through the use of customizable structures that can be tailored to your organization's needs!

Benefits management

Include multiple plans and options to ensure that the right benefits are being provided for employees. This will help keep them healthy, happy, productive at work!

Payroll management

A complete payroll service that can offer an inbuilt accounting module, automated tax computations, and reporting tool for your company's needs. You'll be able to save time with an easy-to-use rule-based engine, so you don't have to load up on tedious tasks!

Workplace management

Optimize daily headcount with trends forecast and pre-defined templates for planning, managing the workforce properly between processes like recruitment or employee onboarding.

Compensation management

Design and manage employee compensation plans across different teams, departments, or geographies. Link your pay to performance consistently so that you can track it in one place with all employees on an equal playing field!

Performance management

Set individual goals, assign weightage, and collaborate to create an assessment plan that aligns with organizational values for comprehensive performance reviews.

Timesheet management

Analyze performance, automate timesheet approval, estimate total cost under multiple parameters including client, role, employee department, project, etc., and integrate with payroll and other modules.

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