What is Human Resource Management System (HRMS)?
It is a software application used to store information on employees and support different HR functions like payrolls, recruiting, training, etc. This term is often used interchangeably with HRIS which stands for Human Resource Information System. It helps HR manage employee functions like calculating and communicating time-off, onboarding paperwork, and managing employee performance.
Benefits of using HRMS
- Increases efficiency and productivity of the employees and employers.
- Improves employee experience and workplace morale.
- Reduction in errors caused by humans
- Access to quick metrics
- Data security