Look Out for These Features in a New HRMS

Have you made a decision to automate all your HR needs?
Yes. Perfect, now its time to find the best tool to do this job.
So here comes an HRMS system in the picture which can live up to your expectations and warrant your investment. The mantra is to select an HRMS that delivers all the right perks without wasting resources on unnecessary functions.
But this is not a definitive guide to every software out there in the market. This is just to shed some light on the few logical points to look out for along the way.
Before you invest in an HRMS consider these features:
1) Employee Database:
A centralized employee database is the very need of the hour. It gives a leverage to HR and managers to make better decisions. It ensures that the data is accurate, consistent and efficient.
It eliminates double effort by updating the changes in real time. The support can focus on a single product when the data is centralized.
2) Reports and Analytics:
This is one of the most important features to look out for in an HRMS. Reporting and analytics help in making rational, evidence-based choices and decisions. It helps in identifying the upcoming risks, finding new opportunities, monitoring the performance and tracking the developments. It gives you a whole picture of the steps to be taken in order to make your organization a better place to work for.
3) Employee Compensation:
If you are thinking of revamping your payroll system, purchasing an HRMS with payroll functionality will help your organization a lot. It makes planning a lot easier. You can easily manage leaves, absences, and overtime. You save a lot of time and money when you use software quickly and efficiently. You are always well informed about the latest tax and compliance updates. Most importantly you can remove the uncertainty of sharing your employee information with a third party.
4) Employee Self Service:
HR department is overloaded with lots of responsibilities, deploying an HRMS with ESS portal will reduce this burden to a great extent. The employees feel more engaged, empowered where they can easily manage their leaves, check their entitlements, are up to date with the policies and procedures of the organization and many more. It enables the HR department to focus on maintaining a happy and content workforce instead of admin tasks.
5) User-Friendly Interface:
Despite many basic similarities, every system is unique and it is the UI/UX which makes it stand out in the market. An intuitive system is easy to engage with, enables users to quickly accomplish tasks and enables a higher level of satisfaction. A system with a great user experience is cost effective as it reduces the cost of training by at least 50 %. It is one of the key factors to consider when test driving the new tool.
6) The Credibility of Customer Support:
It is rightly said that people buy from people they trust. The services provided before and after the purchase of an HR system is essential for the long-term success and partnership. Ask as many questions to the representative about how their company handles technical issues. Do a detailed study on their customer support to minimize future complications.
Other Additional features:
· Performance Management
· Onboarding and Recruiting
· Time and Attendance Tracking
· Learning and Development
Analyze, categorize, prioritize all your needs and requirements and make a well-informed choice.