A human resources management system, otherwise known as HRMS, is the tool most HR professionals use to manage their employees and their various tasks on a day-to-day basis. As such, it would be easy to assume that you know everything there is to know about these systems. But as it turns out, there are some aspects of HRMS Systems you may have never even thought about before…and that’s exactly what we’re going to discuss today. Here are 6 incredible things you didn’t know about HRMS Systems.
1) Employee Management
This is a vital piece of any business. If there are no employees, your business will not run. Human resource management software (HRMS) systems are used to manage all of your employees from one convenient place. They allow you to gather employee information, manage their payroll and benefits, analyze performance and productivity, set goals for each employee and reward them if they meet or exceed those goals. Here are some things you never knew about HRMS Systems that could be very useful in managing your company’s human resources.
2) Recruitment Processes
Recruitment is a fundamental process for every company. While there are many steps involved in hiring, most companies follow a similar pattern. This process usually begins with an advertisement on popular job boards (Monster, LinkedIn, etc.) and ends with either hire or no-hire decision. Unfortunately, many important things happen between these two points. Below is a description of how most recruitment processes go from start to finish.
3) Performance Reviews
If you’re thinking about moving to an automated Human Resources management system (HRMS), there are a few things you should know. Most employees hate annual performance reviews, but they aren’t going anywhere anytime soon. Moving to a cloud-based Human Resources management system is more complicated than some people think. Even though most HRMS Systems give you tools to create and administer performance reviews, they don’t typically have anything built-in that actually makes it easier to conduct them or makes them less painful for anyone involved. And since that’s not going to change any time soon, here are some tips for getting through performance reviews with your sanity intact—and even having fun along the way!
4) Organizational Development
If your business is anything like most, you probably have a corporate intranet system to handle communication, document management and more. It’s also likely that it’s a few years old and might not be fully taking advantage of today’s technology. Take some time to research if there are any newer systems that could improve internal efficiency. Look for ones that allow for enhanced collaboration and easily shareable information as well as increased mobility; perhaps a mobile component would be particularly useful in your company. Before making any decisions, schedule an appointment with an organizational development (OD) expert to see if he or she can recommend any software options or point out any potential roadblocks. If your business is anything like most, you probably have a corporate intranet system to handle communication, document management and more.
5) Compensation
HR systems provide various types of compensation methods for employees. Bonuses and stock options are commonly used in companies using human resource management software. Bonuses may be based on individual performance or company wide achievement. While it is easy to pay bonuses to executives in a company, it is often difficult for other staff members to attain bonuses due to regulations concerning minimum wage, salary caps and raises. Employers are more likely to grant an employee stock options than a bonus, as these can potentially increase job security through equity-based compensation programs if done correctly.
6) Training Programs
One of today’s most popular uses of HRMS Systems is for employee training purposes. Although some people believe that all training should be one-on-one, there are a variety of reasons why a company might want to use an online or interactive learning platform. For example, if you’re sending your new hires to classes at a community college and they need their own computers (which can get expensive), it may be easier to buy them laptops with access to your corporate learning management system. If your employees live in another city but work in yours, you could provide access so they can watch lectures on their own time and pass quizzes in order to demonstrate comprehension before moving on to higher levels of training.
conclusion
Every business owner has heard of a Human Resources Management System, or HRMS. However, most people don’t truly understand how much value these systems can bring to their company. This post lists 6 incredible things about these seemingly unimportant systems that you may not have known about but definitely should! With new software like Cloudpital, it’s never been easier to build and manage an online HR system of your own. Read on to learn more
