Centralised Database At the core of HRM software is a centralised database that stores and manages essential employee information. This includes personal details, contact information, employment history, performance evaluations, training records, and other relevant data. This centralised repository ensures data integrity, eliminates redundancies, and provides a single source of truth for HR professionals.
Recruitment and Applicant Tracking The recruitment process begins with the software facilitating the creation and posting of job openings. HRM software often integrates with job boards and social media platforms to maximise the reach of job postings. As candidates apply, the software's applicant tracking system (ATS) comes into play, managing the entire candidate lifecycle. This includes resume parsing, candidate communication, interview scheduling, and feedback collection.
Onboarding Automation Once a candidate is selected, HRM software automates the onboarding process. It generates onboarding checklists, facilitates the completion of necessary paperwork, and ensures that new employees have access to essential resources and information. This automation not only accelerates the onboarding timeline but also contributes to a positive new employee experience.
Time and Attendance Management HRM software often includes features for time and attendance tracking. This can be achieved through various means, such as biometric systems, card swipes, or mobile applications. The software captures attendance data, calculates work hours, and integrates with payroll systems to ensure accurate compensation based on attendance records.
Payroll Processing HRM software streamlines the complex task of payroll processing. It automates the calculation of salaries, taxes, and deductions based on predefined rules and regulations. The software keeps track of working hours, leaves, bonuses, and other relevant factors to generate accurate and timely paychecks. Integration with financial systems ensures seamless financial transactions.
Performance Management HRM software facilitates performance management by providing a platform for goal setting, continuous feedback, and performance evaluations. Managers can set performance expectations, track progress, and conduct regular reviews. This data-driven approach enables organisations to identify high-performing employees, address areas for improvement, and align individual performance with organisational goals.
Learning and Development Many HRM software solutions include features for learning and development. This involves the creation and management of training programs, skill assessments, and career development plans. By tracking employee training and skill development, organisations can ensure that their workforce remains equipped with the necessary skills to meet evolving business needs.
Employee Self-Service Portals HRM software often includes employee self-service portals, empowering employees to access and manage their own information. This can include viewing pay stubs, updating personal information, submitting time-off requests, and accessing training materials. Employee self-service portals enhance transparency and reduce the administrative burden on HR professionals.
Analytics and Reporting HRM software provides robust analytics and reporting tools. These tools enable HR professionals and organisational leaders to gain insights into workforce trends, employee performance, turnover rates, diversity metrics, and more. By analysing these data points, organisations can make informed decisions and shape their HR strategies to align with broader business objectives.
Compliance Management Ensuring compliance with labour laws, industry regulations, and internal policies is a critical aspect of HRM software. The software typically includes features that help organisations stay compliant by automating compliance-related activities, tracking regulatory changes, and generating reports to demonstrate adherence to relevant standards.
HR Management Human resource management (HRM or HR) is the strategic approach of an organization in order to implement an effective system in managing human resources. It is fundamentally designed to maximize employee performance.
Compensation Management The Benefits management module in BSIT HRMS involves identifying, planning, measuring and tracking benefits such as Air ticket entitlement, Gratuity, regular and seasonal allowance, salary appraisal, employee transfer and statutory allowance (tax, ESI, PF etc.).
Leave Management BSIT Leave Management module allows to define any number of Leave Type and create Leave Rules for each leave type. Leave request is an integral part of ESS, which empower employees to request for various leaves as per the HR policy of the company including Comp offs.
Attendance Management Tracking time and attendance is critical for all organizations irrespective of its size. Time and attendance software can also be integrated with BSIT human resources management systems. Using our software HR mangers can effectively track the productivity and determine ways to improve organizational efficiency and labour management.
Payroll Management The purpose of payroll module in BSIT HRMS is to simplify and automate the process of paying a company's employees. This process is implemented by administering employees financial records which includes the salaries, wages, bonuses, deductions, and net pay which are maintained according to federal requirements.
Loan Management This module helps you to organize the systems and policies for loans, advances and their entitlements. Employees can request loans through the Employee Self Service portal, which are then reviewed and approved by the respective authority.
Employee Self Service BSIT Employee Self-Service is a dynamic HR communication portal where employees can access information ranging from benefits to compensation without the help of HR. Once the employee joins the organization he/she has access to the employee self-service whereby the employee can view his/her contract, earning, benefits, allowances, bonuses, and commission.
Project Management With BSIT user-configurable employer costs are attached to all project activity records to ensure true and complete cost analysis. Greater control, more accurate costing, greater competitiveness all within a system that was designed to work the way you do. It tracks time & expense towards projects, clients or any entity your business requires Monitor.
Asset Management BSIT HRMS can track the assets like mobile, laptop, car etc which are issued to each employee and during End of Service calculation system will prompt the Hr Manager to get back the company assets from the employee.
Learning And Development BSIT HRMS helps you manage the Training and Development process and monitor the total investment you are making in your employees above and beyond compensation and benefits. BSIT Training is a comprehensive training management system which will help an employee to develop certain skills or knowledge which are required to conduct specific job.
Performance Management The BSIT HRMS Performance Management Module helps you create meaningful performance reviews for your employees. The entire process is completely paperless allowing for HR, Managers and Employees to track progress against goals and monitor the review cycle.
Recruitment Management BSIT HRMS can help you select and hire the right candidate increasing the chance of a successful employment experience. BSIT Recruitment is a full featured recruiting system that allows you to streamline your recruiting and hiring process.
Efficiency and Automation HRM software automates time-consuming and repetitive HR tasks, such as payroll processing, leave management, and benefits administration. By reducing manual workload, organisations can operate more efficiently, minimise errors, and free up HR professionals to focus on strategic initiatives rather than administrative paperwork.
Recruitment and Talent Acquisition In a competitive job market, attracting and retaining top talent is a priority for organisations. HRM software facilitates the entire recruitment process, from posting job openings to applicant tracking and onboarding.
Centralised Data Management HRM software centralises employee data, providing a secure and easily accessible repository for information such as personal details, employment history, and performance records. This centralised approach ensures data accuracy, reduces redundancy, and simplifies compliance with data protection regulations.
Payroll Accuracy and Compliance The software automates payroll processes, ensuring accurate and timely salary calculations, tax deductions, and benefits administration. This not only reduces the risk of errors but also enhances compliance with ever-changing tax laws and labour regulations, mitigating legal risks associated with payroll management.
Employee Performance Management HRM software facilitates performance evaluations, goal setting, and continuous feedback processes. By providing a structured framework for performance management, organisations can identify high-performing employees, address areas for improvement, and align individual goals with overall business objectives.
Strategic Decision-Making With robust analytics and reporting capabilities, HRM software empowers organisations to make informed and data-driven decisions. By analysing workforce trends, identifying areas for improvement, and monitoring key metrics, organisations can align their HR strategies with broader business.
Talent Development and Succession Planning HRM software supports talent development initiatives, including training programs, skill assessments, and career path planning. This ensures that employees have the skills needed to contribute to the organisation's success. Additionally, succession planning features help identify.
Employee Engagement and Satisfaction: HRM software often includes features to measure employee engagement and satisfaction. By gathering feedback through surveys and performance reviews, organisations can identify factors contributing to employee satisfaction, address concerns, and implement initiatives to improve overall workplace morale.
Compliance and Risk Management HRM software helps organisations stay compliant with labour laws, industry regulations, and internal policies. This is particularly crucial as non-compliance can lead to legal issues and reputational damage. The software provides tools to track and manage compliance-related activities, reducing the risk of legal repercussions.
Early Origins of HRM Software HRM software has roots dating back to the 1960s when the concept of automating HR processes began. Early systems focused on basic functionalities like payroll and attendance tracking, paving the way for the comprehensive HRM software we have today.
Evolution from HRIS to HCM The evolution of HRM software saw a transition from Human Resource Information Systems (HRIS) to Human Capital Management (HCM) solutions. This shift reflects a broader focus on viewing employees as valuable assets and aligning HR strategies with organisational goals.
Cloud-Based HRM Solutions With advancements in technology, cloud-based HRM solutions emerged, offering greater flexibility and accessibility. This allows organisations to manage HR processes from anywhere, promoting remote work and enhancing collaboration among geographically dispersed teams.
Integration with AI and Machine Learning Modern HRM software integrates artificial intelligence (AI) and machine learning (ML) capabilities. These technologies facilitate predictive analytics for workforce planning, identify patterns in employee behaviour, and enhance recruitment processes by predicting candidate success.
Employee Experience Focus The revolution in HRM software is marked by a significant shift towards prioritising the employee experience. New features aim to improve employee engagement, satisfaction, and well-being, recognizing that a positive workplace culture is crucial for organisational success.
Mobile HRM Apps Mobile applications have become integral to HRM software, allowing employees and managers to access information, submit requests, and perform HR-related tasks on the go. This mobile accessibility enhances user experience and supports the needs of a mobile workforce.
Blockchain in HRM Blockchain technology is finding its way into HRM software to enhance data security and transparency. By utilising decentralised and secure ledgers, HRM systems can ensure the integrity of employee data and streamline processes like background checks and verification.
Gamification in Training and Development Some HRM software platforms incorporate gamification elements into training and development programs. This approach enhances employee engagement and motivation by applying game design principles to non-game activities, making learning more enjoyable and effective.
Wellness and Mental Health Support Progressive HRM software includes features that address employee wellness and mental health. These tools offer resources, surveys, and support mechanisms to promote a healthy work environment and help organisations address the well-being of their workforce.
Dynamic Regulatory Compliance Features HRM software is continually evolving to address the complexities of regulatory compliance. This includes features that dynamically update to accommodate changes in labour laws, industry regulations, and data protection standards, reducing the risk of non-compliance and legal issues.
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