What is HRMS software?

HRMS is an abbreviation for Human Resource Management System. The HRMS software is an intelligent IT solution which allows improvement in productivity and efficiency of the business processes leading to marked development in employee management owing to the automation of manual processes which saves not just papers but also and more importantly, a lot of time. And in business- time is money! HRMS software enables the resources tasked with employee management to utilize the time by focusing on other strategic mission and business-critical works. Modern HRMS ecosystem is often also called as HRIS i.e. Human Resource Information System or HCMS i.e. Human Capital Management System. All these names are primarily focused at the systems that streamline workflow management and navigate the HR team, the manager and most importantly- the employee through their payroll and performance. All HRMS software have varying features and services but there are several common features in every workforce management software which qualifies them as HRMS solution and not mere HRIS or Payroll Software or any other related services, they are- recruitment, leave & attendance, and payroll. These are the most crucial elements for workforce management systems and must haves in HRMS software.