Human Resource Management System Software
In the current and increasingly digital workplace, Human Resource Management Systems (HRMS) are gaining importance. HRMS is a suite of software that organisations can use to manage HR functions internally. HR professionals are able to easily manage shift planning, project costing, employee data, payroll, claims, attendance, recruitment, training, leave, benefits, appraisal, employee engagement and talent management through HRMS software.
Benefits of Human Resource Management System
Using HRMS software to manage your HR operations can increase productivity and efficiency of your organisation. It streamlines manual human resource related tasks for the HR department, as well as managers and employees. HRMS can also benefit your business by:
● Digitalising routine HR tasks
● Managing employees efficiently
● Effectively compiling and measuring employee metrics and data
● Enabling employees to use a self-service portal
● Reducing human error
● Increasing data security
● Increasing cost effectiveness through replacing manual data entry tasks with automated technology
Partner with M1 for innovative HRMS software solutions to manage your company’s greatest asset — human capital. With our cutting-edge technologies and cloud platforms for businesses to manage their HR operations, you can meet your business’ digital needs seamlessly. Speak to us to get started on the digital transformation of your HR function.
Frequently Asked Questions About Human Resource Management System (HRMS) Software
1. What is HRMS?
HRMS, or Human Resource Management System is a suite of software applications that is used to manage human resources and related processes within an organisation. It is an online HR management system for overseeing each employee’s life cycle with the business, and enables the business to fully understand its workforce and resources while staying compliant with Singapore’s labour laws and regulations.
HRMS can assist with gathering, storing and accessing employee data, recruitment and onboarding, payroll management, attendance records management, benefits administration, performance evaluation, learning management and employee accessible services.
2. Is HRMS same as HRIS?
While HRMS and HRIS are used interchangeably, knowing the differences between both can help in choosing the right system and solution for your business. Both Human Resource Management System (HRMS) and Human Resource Information System (HRIS) help businesses manage their workforce with applications and systems, but with different systems included in each one.
HRIS software is a compact bundle of essential HR tools. You’ll get core HR functional features like employee database, benefits administration, payment, employee and performance management, and employee-service portal.
HRMS is a more comprehensive software solution that allows organisations to manage every component of their HR function. It contains the basic features found in HRIS, with additional features and systems, and a greater number of integrations. HRMS software gives you the flexibility to customise your workflows and employee management according to the labour laws and regulations of Singapore, as well as other countries your business operates in. You are able to create tailored reporting, analytics and metrics, with a greater scope for global management.
3. What is the difference between ERP and HRMS?
Enterprise resource planning (ERP) is a software that organisations use to manage day-to-day business functions like finance, inventory and order management and customer relationship management. ERP is designed for business management while HRMS is specifically designed for human resource management.
