Role of Human Resource Management System in Increasing Employee’s Efficiency

Author: Kanik Maheshwari, S.K. Gupta

Abstract:
Researching business technology can be a daunting task and assessing the role of human Resources Management System (HRMS) in increasing employees’ efficiency is also a very difficult task. It meets the unique needs of our business, and offers ease of acceptance by our employees. It is a system that lets us to keep track of all our employees and information about them. It is usually done in a database or, more often, in a series of inter-related databases. Human Resource Information Systems (HRIS), is a combination of two major management fields that impact the competitive advantage of companies—human resources and information system. In many organizations, 50 per cent of an HR department’s time is spent processing employee information and answering questions. The HR manager faces a dilemma on whether she/he needs to spend more time improving the overall work environment for the employees or help the management find ways to save on workforce-related costs, finding and hiring better talent and improving existing talent through training and development. But most days, they are trapped just doing paperwork. This is where HRMS and payroll software come into play. The routine administration involved in day-to-day HR operations drains most of the available time and energy. An efficient HRMS and payroll software caters to their needs by automating core HR, benefits, and payroll processes for increased efficiency and productivity. The payroll software can help an HR manager by managing compliance and risk of litigation, ensuring accurate and timely payroll etc. Payroll software helps you in computing Bonus/ ex-gratia, Gratuity, Provident Fund, Employee State Insurance, and Professional Tax & Labour Welfare Fund through some preset formulas and also helps in computation of returns.

Keywords:Keywords: Payroll software, Performance Appraisal, HR work flow, Employees self service, Performance record.

DOI:

International Journal of Trade & Commerce (Vol: 3 Issue:2)