Different Types of HR Software performs a variety of HR tasks. Some solutions are comprehensive, encompassing most of the functions of HR management; while others are specialized and offer assistance with one or two HR tasks. Some other solutions are flexible and offer help for core HR administrative tasks with an option to add modules.
Some HR solutions in India are offered as individual applications while others are packaged as a complete system. An integrated system usually consists of human resources management, payroll processing and recruiting administration.
Here, the HR software is grouped into 3 main HR system types regarding the aspect of HR functions they manage:
- Human Resource Information System(HRIS)
- Human Capital Management (HCM)
- Human Resource Management System (HRMS)
HRIS (Human Resource Information System)
HRIS is a software which helps to manage the policies and procedures that provide guidance to the employees. The software also helps companies to manage people, along with keeping their information organized and accessible.
HRIS is more of a data-driven solution that allows crafting in-depth reports for audit purpose. This system has an advantage of a single point for data entry and for retrieval and analysis in a common format.
HRIS solutions encompass the following areas :-
- Recruiting and tracking of applicants
- HR Reporting
- HR Workflow
- Training & Development
- Compensation management
- Open enrollment and Benefit Administration
- Self-service for applicants, employees, and managers
HCM (Human Capital Management)
HCM integrates all the functions of different software into a single platform along with benefits of additional talent management services and global capabilities. It provides automate processes like performance reviews, recruitment, training, payroll, etc.
This integration into a single platform provides a number of benefits for business; like it collaborates different departments into one work flow system, employees can easily get the insights and metrics shared by the management with them and across departments, communication is easy across the department because of the connected platforms.
Some key solutions in HCM are as follows :-
- On boarding
- Core administration
- Global HR
- Performance Management
- Workforce Management
- Succession planning
- Position Control
HRMS (Human Resource Management System)
HRMS is utilized to manage and automate Human Resource’s process like storing and organizing data. This system allowsa company to focus on employee management by streamlining all workforce software into one business intelligent solution.
HRMS can be opted according to the needs and requirements. It offers a secure and safe place to store the information of the employees. Due to the great variety in HRM System, it is important to be sure that the HRMS Software offers necessary features. This HR software solution contains time and labor management function along with features that could help to manage payroll.
The major functions of HRMS include :-
- Payroll Software
- Time and Labour Management
- Benefit compensation
- Organizational Management
- Performance Management
The HR Solution in India is changing the traditional storage and gathering of information into a more strategic process that syncs with business goals. HR Software now focus more on attracting and retaining talent which has become a major challenge for companies to align people and systems with overall organizational goals.