HUMAN RESOURCE MANAGEMENT SYSTEM(HRMS)
A first review report
(Submitted by Candidate’s Name ASWANI KUMAR A, ROLL NO: 1110MBA1012 Reg No : 68311200362)
NEED FOR THE STUDY
Researching business technology can be a daunting task and finding a Human Resources Management System (HRMS) that meets the unique needs of your business, and offers ease of acceptance by your employees, can present a challenge. To begin this process, I suggest exploring a Web-based HRMS solution, which avoids the pitfalls of a costly software purchase, internal IT involvement or a lengthy implementation process.
Determining the Need for an HRMS Solution
Prior to selecting an HRMS solution, you must identify your business needs, processes and short and long-term goals. Including HR professionals, who manage your current HR operations, in the process is also critical, as it will impact embracement versus abandonment.
Regardless of the size of your organization, the daily management of payroll, benefits administration, training and other continuously changing HR needs can be challenging as well. Web-based HRMS platforms offer attractive options for many organizations, especially small and medium-sized businesses (SMBs) looking for a centralized, integrated and cost effective solution.
Empowering employees to self serve offers significant time-savings for the administrator or department. Using a Web-based HRMS, employees can easily access the system to print a pay stub, W-2’s, enroll in employee benefits, view their paid time off, and update personal information. Providing real-time access to vital information equips employees and HR managers with tools to eliminate unnecessary HR workflow.
Security and the HRMS Solution
Of critical concern when embracing Web-based HRMS systems is security, especially with respect to safeguarding company data and employee privacy. When selecting an HRMS solution, be sure that it utilizes a...
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