Category Archives: Performance Management System

How Payroll management Software can ease HR processes?

One of the key worries of an entrepreneur is to guarantee that correct levels of employee Satisfaction wins in the organization. Furthermore, regardless of what we as a whole say, cash is a BIG inspiration. That is to say, this is the main reason individuals escape their homes, take the torment of voyaging and overcome the downpours, winter and summers and still go to work. Presently if there is a payroll issue, salaries are not paid on time, there is some error in the compensation or some other issue; it is certain to get the employee somewhat irritated and frustrated.

Payroll issues quickly have a tendency to grow into HR issues which influence the notoriety of the organization and spirit of its employees. This further outcomes in a piece of the potential profitable time being devoured in getting them settled.

So it is profoundly prescribed for organizations to decide on the correct sort of automated Payroll management Software.

A Payroll management Software, which can help the HR staff in dealing with the payroll processes without breaking a sweat, so it never again remains a bad dream for him or the business

A concise take a gander at the payroll execution process will enable you to see better how vital payroll management software is for the organization.

A payroll process can be separated into three basic parts…

Stage 1: Attendance upkeep

Essentially, a HRIS Software gives “Employee Self-Service” module which enables an employee to sign in their attendance and leaves using the time-tracker facility. This encourages the HR group to effortlessly recover employee attendance information.

Stage 2: Manage overdue debts and different modifications

In this progression, the HR group can alter Loss-of-Pay leaves of an employee and in this way make acclimation to unfulfilled obligations, or even to include extra installments, motivations, additional time installments and so forth.

Stage 3: Final check of employee compensation points of interest

After fruitful fulfillment of the over two stages, the last one is to take a fast check at the employee Salary structure separately like recompenses, assess, conclusions and so forth and affirm the employee’s net pay sum.

After this is done, the payroll process gets finished. The HR group can mail the compensation slip or download the bank-sheet.

The above mentioned steps of a Payroll management Software lessens the time required from days to minutes and ease out the HR process.

Top 3 Important Features of an Operational Performance Management System

An ever increasing number of associations are changing their execution administration systems. There are various explanations behind this, including the trouble of doing execution administration adequately. All the more imperatively, viable HR software is progressively essential and viable performance management system can assume an indispensable part in it.

Most of us are not familiar with the software that is commonly known as Performance Management Software. Therefore, awareness needs to develop when it comes to using such software which is a part of HR software and can also be used independently.

Performance Management software as a movement in an association is vital, obviously. Associations can just work in a reliant and compelling way if people share objectives, headings, and responsibility. Below are mentioned 3 most imperative components of a successful Performance Management Software:

  • The first is solid support by administrators at all levels. Part displaying necessities to start at the top and it should be exhibited by the evaluations being done on all individuals from the association. It can’t be what the center does to individuals at the base of the association. It should be a critical piece of the vital administration procedures of the association.
  • The second element is that there is no accentuation on setting clear execution objectives ahead of time. Once more, the examination unmistakably demonstrates that a standout amongst the most vital determinants of the viability of the execution administration framework is the objective setting process. At the point when people set objectives, especially those that have rewards attached to them, they are roused to perform well.
  • Third and most important, investigate plainly demonstrates that compensation dialogs need to occur after and independently from input about execution and exchanges about preparing and advancement. At the point when exchanges of execution are consolidated with talks of pay, people leave with just a memory and comprehension of the compensation choice. They don’t handle issues about improvement, and don’t recollect nor did feel the focus on the advancement and the development exercises that were talked about.

The target of Performance Management Software ought not to be to make everybody glad; it ought to be to persuade and advise everybody.

Among the HR Software, the one that is generally utilized is the Payroll Software. It has more extensive extent of use and streamlines even the HR capacities. In a way, one might say that Payroll and the HR software are mixed with each other to satisfy the requirements of running the association in a smooth and simple way.

Payroll Software is the one which registers the representative pay rates each month. The representative might be paid by hourly rate/day by day rate/month to month settled compensation. The worker may have a few increases and reasoning in consistently like extra time pay, day by day stipends, propel installment, therapeutic claim, uncommon remittance, and so on And the representative unpaid leave, delay and early leave pay should be deducted from his pay.

Payroll Software empowers a business to pay his representatives convenient and precisely. The Payroll system begins with the enlistment of a worker. Make an audit of your present Payroll Software Solution. HR and Payroll Software cater to all types of business needs. The Software can without any doubt deal with all administration system.

Difference between HRIS, HCM & HRMS Solutions!!

Let’s understand the difference between HRIS, HCM & HRMS Solutions of HR Software:

HRIS stands for Human Resources Information Systems. HRIS Software is valuable in dealing with the strategies and techniques that give direction to employees. HRIS software additionally causes organizations to keep employee data composed and open.

HRIS solutions normally have the ability to help organizations with the accompanying:

  • Recruiting and Tracking of candidates
  • Training of employees
  • Open enlistment and management of benefits
  • Compensation Management
  • HR reporting
  • Work flow
  • Self-service for candidates, employees, and managers

HCM Solutions

HCM means Human Capital Management. The HCM Software are normally somewhat more far comprehensive than HRIS Software, includes most components of HRIS Software yet in addition have extra abilities, for example, talent management. HCM Software regularly have the ability to give interpretation between various dialects and monetary forms. Furthermore, HCM management have highlights that can help organizations with numerous parts of planning. Compensation planning, objective setting, planning, and progression planning  are all possible with HCM Software. Examination and execution appraisals can likewise be utilized to track development and make adjustments to plans.

HRMS Solutions

HRMS stand for Human Resources Management Systems. HRMS Solution commonly contain the highlights of HRIS and may contain a few components of HCM Software. Most HRMS Solutions contain capacities to help with time and work management while containing highlights that assists to oversee payroll. Other than these capacities, HRMS system may shift broadly. Some HRMS system may offer planning and appraisal devices, while others may principally concentrate on sorting out employee data. Some may offer planning capacities, while others may not. On the off chance that you are investigating HRMS system, it is critical to make certain that the particular software offers every vital component as a result of the considerable assortment in these software.

How payroll Software helps the organization’s working style?

Payroll software is a kind of software that helps with remunerating employees for time worked. This product can be obtained through a HR Software vendor or can be incorporated as a component of a HR Software package as a module inside a complete Software.

Cloud Based Payroll Managment Software

Fundamentally, payroll software assists with calculating paychecks from hours signed in time and attendance software. The product at that point draws paychecks or direct stores reserves into representatives’ records. Charges and findings are additionally computed and withheld by payroll software.

Why Acquire best Payroll Software?

Giving pay is something that must be completed by any organization with employees in each industry, regardless of how extensive or little the organization. Since payroll is something that must be done precisely and consistently, it bodes well for organizations to put resources into a software that mechanizes these procedures. Payroll Software can moderate mistakes and enhance consistence while saving time.

Cloud Based HR Software

Cloud based HR Software of different types is ending up progressively normal and payroll software is no special case. Managers are seeing advantages from having the capacity to get to data from remote areas and pay for “Software as-a service” or  SaaS on a month to month premise as per needs, instead of thinking of a huge entirety for a totally in-house arrangement.

Cloud based payroll software solutions additionally give software updates when expense and consistence laws change, though on premises software need to be manually updated. This can spare time on both research and specialized updates, while constantly guaranteeing that managers and businesses have an access to the required data.

Cloud based Payroll software  stores and tracks organization data about employees pay and conclusions. Every employee’s compensation rate, pay sort, and hours worked are put away in the Software and used to calculate net pay.

Are you looking to Get a cloud based Payroll Software Solution for a Specific Industry? Always go for best ones.

Is Payroll The Most Important Part Of HR?

The answer is Yes!!

Payroll is the procedure through which employees get their paychecks and is clearly the most critical piece of an association on the grounds that everybody works for cash. Most employees in any office are probably going to leave on the off chance that they don’t get their compensation in time. In a few associations, payroll is viewed as a piece of the Human Resource Management office since they bargain specifically with the general population being enrolled and are likewise in charge of choosing the compensation, reward and motivations of all employees. Payroll and the HR office are complicatedly connected and one is tried and true on the other for the association’s legitimate working.

Basically, the HR experts are the first to confront essential inquiries from an interviewee like whether the compensation is given on time, what sort of derivations are produced using the pay, if the attendance is incorporated into the compensation bundle and if there should arise an occurrence of pay blunders how quick would they be able to be amended. Along these lines, the onus of persuading a potential employee to take up the activity relies upon the HR office which unquestionably makes it an essential piece of the division. Occupation applicants likewise enquire about the employee advantages being offered by the organization yet the primary concern remains that health benefits don’t make the association tenable however pay package paid in time do.

Payroll is likewise particularly associated with paychecks as well as appraisals, reasoning, extra, advantages, firings and acquiescence which are all considered piece of the HR division. The data is classified and both HR software and Payroll Management Software manage them in a similar way. What additionally remains constant is that in the event of installment postpones the HRIS experts wind up in an undesirable circumstance despite the fact that they are not straightforwardly in charge of it.

Manual blunders prompting paycheck issues may some of the time kick the tidy over the office. This leads many organizations to rely upon dependable Payroll Software as opposed to the human hand for managing the payroll. The software is typically straightforward and execute. Exactness is one of its solid focuses and can be adjusted easily. Most likewise convey a background marked by compensation correction which is imperative for keeping up legitimate employee records. Each organization can likewise bolster the HR Software statutory notices applicable to the specific association which is useful for setting up the payroll. The projects likewise have the arrangement for adaptable payouts like travel and over time which the software computes individually and applies while setting up the compensation heads.

The above explanation clearly shows that Payroll is the most important part of HR.

HRMS makes a better choice for the company Growth

While you plan to run a company, it is certain that you will generate a lot of information, not only through the work you are doing, but also through your staff. To get efficient management in these aspects as well, you need some kind of system that aside from making the job easier will also guard this confidential information. The human resource information system is a way which is more commonly used by a lot of companies to manage everything easily and become even more productive. Having this system in your company you could aid the human resource team to get in the practice of getting practical in the workplace. As all the information is digitally converted, the use of paper notably decreases making the method an eco-friendly one.

A good HRMS makes you eligible for a lot of advantages. Human resource information is generally important as all these utilize your company’s core. It is only fair that you treat all information involving them with the greatest confidence. Having this attitude towards your employees will make them feel secure and confident. This in turn can make them productive and they will be happy at the workplace.

Almost all companies allow a leave vacation of significant time period for their staff. Tracking the holidays can be hefty tasks and would generally require a lot of work to handle. Integration of professional leave management system also helps you to coordinate future vacation patterns of your employees by tracking their present vacation habits. Management gets excellent outlook of employees that are on leave since the processing of these applications can be done electronically you get all the benefits of saving costs such as buying paper. The software can easily incorporate various other features that are helpful to HR and Personnel Department.

With the payroll software employers easily get to facilitate calculation of gross wages or salary due to an employee based on hours worked at set hourly pay rates or a periodical set salary. With payroll software automation o the application of payroll legislation to make the required tax deductions for transferring the exact net pay to employee either through the means of cheque, cash or credit transfer. Employers are obliged under the legislation to then remit PAYE, attachment and pensions order deduction to the appropriate HRMC, court or pension provider on a timely basis. Payroll Software is a vital tool to benefit the company that provides crucial audit, management and financial reports that detail payroll costs by employee or cost centre.

Various things are there that you need to consider before deciding whether your business organization requires a HR software or not. You should check out the number of employees working under your organization, company’s budget and the complexity of the HR Software. A combination of all these factors will allow you to make better decisions whether it will be beneficial for your company to consider HR software or not.
The Software you select must include versatile features and should be integrated with multiple functionalities. When you need to buy payroll software you need to pay attention to many characteristics that are favorable for your organization.

Employee Self Service Makes for Open, Transparent and Interactive HR

An automated HR solutions is indispensable these days but what you must specifically focus on is incorporation of employee self service module if you want to be transparent, open and interactive as a way to encourage staff participation in a company’s growth.

What exactly would you want in an ESS solution? At the very least this part of the overall HR package must have leave management, on-duty pass, attendance, shift management, expense management, online request forms, bookings for travel and hotel, gate pass, data synchronization, asset management, employee induction and exit, ID card requests and all the sundry processes that employees and managers must follow in the day to day as well as special operations of an enterprise. ESS makes it easy, straightforward and transparent, reducing burdens on managers as well as staff, helping to achieve more and focus on important tasks.

Why have ESS when one or two employees can handle all these processes? employee self service automates the process and makes for quick action as well as for a paperless office since most of these transactions can be done online. This saves time, money, labour and avoids possibilities of delay, errors and dissatisfaction. A well designed package would integrate data collection, archiving and analytics as well as report generation, making it easy for decision makers to keep track and evaluate as well as draw insights for improvements and change.

ESS plays an important role each hour, each day in any organization. Before you implement ESS, that, incidentally, should be a part of the overall HR solution, consider the vendor, his track record, degree of customization, support and flexibility of the module. Do this and you have ESS that works to improve efficiencies, reduce cost and give you maximized ROIs.

Author Bio:
Sonali Chowdhry is an HR professional with specialization in consulting as well as selection of IT based solutions.

Employee Self Service Makes for Open, Transparent and Interactive HR

An automated HR solutions is indispensable these days but what you must specifically focus on is incorporation of employee self service module if you want to be transparent, open and interactive as a way to encourage staff participation in a company’s growth.

What exactly would you want in an ESS solution? At the very least this part of the overall HR package must have leave management, on-duty pass, attendance, shift management, expense management, online request forms, bookings for travel and hotel, gate pass, data synchronization, asset management, employee induction and exit, ID card requests and all the sundry processes that employees and managers must follow in the day to day as well as special operations of an enterprise. ESS makes it easy, straightforward and transparent, reducing burdens on managers as well as staff, helping to achieve more and focus on important tasks.

Why have ESS when one or two employees can handle all these processes? ESS automates the process and makes for quick action as well as for a paperless office since most of these transactions can be done online. This saves time, money, labour and avoids possibilities of delay, errors and dissatisfaction. A well designed package would integrate data collection, archiving and analytics as well as report generation, making it easy for decision makers to keep track and evaluate as well as draw insights for improvements and change.

ESS plays an important role each hour, each day in any organization. Before you implement ESS, that, incidentally, should be a part of the overall HR solution, consider the vendor, his track record, degree of customization, support and flexibility of the module. Do this and you have ESS that works to improve efficiencies, reduce cost and give you maximized ROIs.

Sonali Chowdhry is an HR professional with specialization in consulting as well as selection of IT based solutions.

PMS Or Performance Management Systems Play a Vital Role in an Enterprise’s Growth

Whether it is a small business or a large enterprise, it is important that each employee’s performance be monitored, managed and evaluated. An organization’s growth depends on individuals working inside it and vice versa. Performance management is not simply about monitoring them like supervisors do but going beyond by inspiring and motivating them through an evaluative process that focuses on their pluses and corrects deficiencies.

Keeping track of hundreds of employees and their specific history at any moment in time is not easy if you do it manually. IT based PMS or performance management is the only viable solution. Employers know exactly what is going on. Employees know a system is transparent and that their performance is evaluated honestly with a fair chance of advancement, thus encouraging them to do their best.

Sophisticated solutions have customized features that allow enterprises to set goals for each employee with weightage given to their performance. Managers can modify such goals and monitor achievement levels at any time as also provide feedback through reviews that help staff members correct and do better. Such PMS can also be a base for providing alerts as well as training programs for those in need of improvement as well as to help high performers to go on to the next level as valuable contributors to company growth. A sophisticated PMS would integrate Bell curves in reports, self development tips, scorecards and interaction giving rise to many benefits.

With a PMS, managers can view graphical chart of progress in an automated system that is safe and secure as well. Employees can do more as can managers since IT relieves them of doing everything manually.

If and when you do decide to go in for HR IT solutions, make sure you pick one from a provider with sophisticated PMS features customized to your enterprise’s operational methods.

Sonali Chowdhry is an accomplished HR professional and contributor to blogs as well, with her favorite topic being PMS as a barometer of company growth.

HRMS, the When, Why, What, Where and How of it

Human Resource Management System or HRMS is an integrated package combining several modules all connected to human resources in an organization and its diverse functions.

A medium or small scale enterprise may consider implementation of a suitable HRMS package and may postpone it on the grounds that the number of staff or extent of operations does not warrant such an implementation. This is wrong since you are bound to grow and at some point data, especially archival data, would be unmanageable or costly if such a solution is implemented at a later date. The timing is now so that you can iron out kinks and fine tune it as you go along and grow.

An automated IT based HRMS is far better than that managed by humans for speed of execution, up to the minute data availability and reports, employee satisfaction, reduced costs, improved efficiency and as a contributor to growth of a company. For any enterprise, human resource is the basic capital on which rests their growth. Manage it well and you have a formula for success.

HRMS, especially one that is developed by experts for enterprise scale implementation, includes virtually all modules and functions of the HR department. The package includes payroll, searchable employee database, attendance, performance evaluation, monitoring, benefits, leave, employee self service, scheduling, absenteeism, analytics and report generation.

Identify the needs of your organization, present and future. Select a suitable HRMS solutions provider based on competencies, flexibility and scalable features of the package, cost, support available, customizability and ease of use when you decide to implement it if you must get the maximum returns.

Sonali Chowdhry is an acclaimed HR professional with years of experience at corporate level in selection and implementation of HRMS solutions.