Performance Management Module

This module of HR Mangtaa connects employees, managers and HR professional for real-time collaboration and communication. HR Mangtaa PMS Module helps you review and track performance goals of your employees. Module helps organization to identify employee growth opportunities, retention and satisfaction strategies.

1. User defined performance evaluation parameters.
2. 3D dashboards.
3. Unlimited number of performance appraisals provided
4. Reports generated for quick Analysis.
5. Appraisal can be set department wise.
6. User can create KRA (Key Result Area).
7. Can create a goal setting with the help of KRA.
   
   Performance Management System

Features of HR And Payroll Management System Software

The Payroll Management System is a method employed for the smooth governing of the company's salary or in other words, it can also be defined as a scheme used for administering the payment made in a specific period by an organization.Moreover, additional incentives, allowances, reimbursements, tax deductions, gross payment and net payments together with the formulation of salary slips are other additional features covered by means of this software programme.

These Management System is integrated with accounts and provides assistance and facilitation respective of Payroll processing and supervision. All the accounts inclusive of the both outgoing and incoming payment are some other extensive features which can be easily managed by this software.

Important Points Essential & Distinctive Features of HR Payroll Software:

Easy to implement and formulate.

Has a user-friendly and comprehensible interface which can be customized according to the business needs.

Helps to handle an employee's information proficiently.

Pay-Slips can be generated conveniently without making lengthy end-time calculations.

Provides assistance in refinement of all the incentives, TDS deductions, total count of attendance/leave etc of all the candidates in one go.

These Software System provides quick and error free results.

Maintains security level in a system.

HR Payroll Software can be amalgamated with other software's as well. Some Advantages of Using HR Payroll Management Software:

It keeps a track of complete information of an employee's profile which primarily comprises of the designation, date of joining, department, monthly salary report, monthly PF (Provident Fund) withdrawn, total payment released monthly from the company's account, etc. Moreover, it helps to formulate the yearly report in a single-click.

The application also helps to maintain the fixed allowances, TDS deductions, reimbursements, signature sheets, attendance, payroll processes, etc through the auto-fill facility.

The accounts generated are accurate and precise in every manner and are scalable.

The modules and parameters can also be adjusted whenever required, since the software comes integrated with the user-defined elements and functions.

These are important aspect and beneficial Management system which will help you and save your time. These are very cost effective software for the companies.

Hr Management Software A Way To Boom Your Business

Gone are the days, when we used to struggle a lot to finish up their work. But, nowadays we are becoming totally dependent on computers to complete our job. Well, the fact is that the routine tasks, which need to be finished at pace, are better to be allocated to dedicated system instead of allocating to employees whose concentration can roam.

The bottom line is the computer and appropriate software can evaluate the information and data much faster than humans. For a company, it represents 2 advantages, the increase in efficiency and the reduction in expenditure.

If you think on all of the branches in your organization, then you will begin making sense that every department encompass their own devoted software programs, such as the hr management software programs which are available nowadays have aided to revolutionize the mode in which the employees departments in big companies now work.

Gone is the time, when the HR managers had to maintain huge and confusing filing cabinets, which are full with employees' files and records. But, now all the information can be firmly maintained in the hr management software . There is no need for a HR manager to search through all the drawers of the cabinets and files to locate some specific information, as human resource management software lets the user for quick and effective search on all the workers and find all significant information and details as and when needed.

You can update and manipulate the employees' information when you feel like. The hr management software will not just reduce the total amount of time exhausted on working during mounts of admin however it will also reduce the workers who jobs in the branch to expend more time and actual workers instead of only their files.

This will aid to perk up the relations among departments, increase the honesty of the employees, since they will sense that they are vital and are being cared of, all these advantages and lot more is enjoyable, if you install hr management software in your company.

Minimize Processing Hours for HRMS

The ever increasing steps of change in the business world arise the demands for a fast and expedient solution. The structures of human resource management vary widely from organization to business, oriented for purpose, ethics, policies and manipulation. To pull out the skill from the positioned employees, it is required to satiate the organizational structure incoherence. Such common notion could be achieved when a company authorizes to the wise decision makers and single desk support solution.

Current growing organizations seem to be working synchronously. Behind a smooth flow, there is HRMS is working over it. This term attributed for Human Resource Management System, a hands-on working experience with software management. As the growing organizations are stepping ahead into its perception, it keeps on taking assets together with, to the next level. And those assets are nothing but the skilled employees of the company, working for the company's profile recognition.

Solution to manage the human resource should have to qualify the following key aspects:

Compatible with Human Capital Strength: As each organization has its pursuits and aims to get performed from the hired employees. So you should go for the solution that will ready to scale and meet the growing needs.

Seamless Communication: HR solution is to be effective while communicating in the cross functional working environment. It has to be assured to avoid rumors and to circulate the intended information to the contended candidate. A system that perfectly runs on close ended one-to-one and one-to-many communications.

Authoritative Control: Today's HR management lies in the concept of online accessibility. So when the term arises "online" it is here to restrict with authentic controls. Each employee has the account from where he/she can apply for request and permissions. Grant and approval need restricted authorization. So chosen solution should have well structured controlling.

Payroll Management: The amount paid to the employees for the job profile is termed for payroll in the organization. Payroll itself construed of various factors financial reports, salary breakup, attendance reports and so on. More often it seems here misfit approach while calculations and procedures. Business proclaimed with distinct procedures; HRMS solution should have to qualify the inter-operated processings.

Overall the intent to the software solution is to move ahead with perfection and expeditious manner. The faster is the procedures in the company, allows you to clutch mores outcomes from the same resources. And in the mean time of speeding, perfection is also a crucial segment of software approach to the Human resource management solution. Once we start working with the accurate and fast system, it impacts decision-making towards more productivity for the business health.

Biometric Data Tracking Made Easy With Cloud HR Software

Cloud computing seems to be making a lot of noise these days. Though at first, it might sound a tricky concept for you to embrace, once you learn all the ins-and-outs of cloud technology, you are sure to become the next cloud evangelist.

Of all the cloud-powered solutions and applications, cloud-based HCM software is one such solution that is ruling the charts nowadays and is the talk of the town for many businesses. Yes, a cloud-based attendance and time software offers a number of convincing benefits.

Cloud-based biometric time attendance system saves HR personnel from the nightmares of manual timesheet tracking and management. This helps to eliminate payroll redundancies and inaccuracies, as the system automates the entire process.

Instant access to real-time data

Cloud-based HCM software supports excellent integration with all the biometric machines used today in organizations enabling timely and accurate tracking of attendance. Thus, HR department gets real-time attendance data at their desk with just a few clicks.

Cloud-based biometric attendance system serves as the standalone and apt alternative for traditional tools and practices when it comes to attendance management and time tracking. As it automates biometric time tracking process, you get error-free data tracked through a biometric machine. No more erroneous paycheck.

Unified data hub

For organizations that have a good number of employees reporting in from remote locations, it certainly becomes a trouble when it comes to keeping a track of time and attendance of its remote staff. Cloud-based biometric time attendance system addresses this problem in a diligent and smart way, as it offers centralized data hub. So keeping a tab on time and attendance data from remote locations is not a dilemma anymore for HR personnel.

Intelligent reporting

Cloud-based HR software sends emails and text messages to its users of the HR department on a regular basis when employees clock in and clock out, request for leaves, work from home, etc. This simplifies the process of retrieving and maintaining timesheets and attendance reports for HR personnel further leading to error-free payroll processing.

Source: Sooperarticles.com

Key Advantages of Using Payroll Software

Many companies are realizing the advantages in utilizing effective payroll software; it is efficient, accurate and provides good value-for-money. However there are also a range of benefits that venture beyond that, such as time recording.

Payroll systems can incorporate time-sheets, making hard copies a thing of the past. Hard copies can be unreliable, easily lost and are sometimes forgotten by employees. Payroll software can provide an efficient payroll solution in recording the time and attendance records of each individual staff member; which are then transferred into an automated payroll system, meaning they are paid accurately and on time each week, fortnight or month.

The reporting functionality of payroll software also deserves a mention, as it can provide an in-depth analysis of each employee; such as the costs of keeping them on, and their contribution in terms of hours to the company. It helps to justify having the staff member, and also helps to monitor the productivity of the company as a whole.

Additionally, keeping other personal data for each employee - such as their holiday allowance and how much they have taken, as well as sick days - is vital to a business. Payroll software can do this for you with ease, providing automated, individual reports for each staff member. This allows you to keep track of their sick leave, and be sure that no employee accidentally books any leave over their allocated time.

Lastly, the forecasting functions of payroll software can allow you to predict future spend on staff; allowing you to budget more effectively. It can also help you to ascertain how much more investment you would need in order to take on more employees, or how the company would benefit if it let go of a staff member. This sort of forecasting is invaluable, and makes the ROI on payroll software all that much more significant.

The Need of Global Payroll Software System

The modern businesses need highly developed and integrated HR and Payroll software systems as they tend to hire employees from different jurisdictions. Nowadays, hiring employees from the global talent pool and letting them work-from-home or from the remote locations is a cost-effective practice for the businesses. However, it adds to the complexity of their payroll processing. It demands a clear-cut understanding of the task from its HR and Finance staff.

Integrated Payroll System:

Implementing a global payroll software, like Payroll System by SBS Consulting, is a great challenge for the companies, whether they are trying to add more teeth to its existing payroll software or building a new payroll management system from the scratch. There are too many variables to accommodate like pay type, pay cycle, pay frequency, type of employees, payroll policies, compensation type, etc., to consider and care for.

It is important to take a review of the existing payroll software and processing steps involved to assess the improvements needed to attain the future payroll goals of the business. It assists the businesses in minimizing the statutory compliance related risks.

Tax Compliance Through Payroll Software:

Different countries have different rules and regulations regarding tax policies which creates difficulties while calculating the remuneration of the remotely located employees of the company. Using a payroll software that do not have the required functionality can lead to an unintentional breach of the law. It can attract penalties and fines and affect the market image and the brand name of the business.

Ensuring Quality of Employee Demographic and Payroll Data:

The new HR and Payroll management system to be developed or installed must be able to handle the employee details like, employee name, address, job details, bank accounts, etc. It must also be able to handle the employee grades, allowances, benefits, incentive, bonuses, deductions of statutory contributions, leave, local tax filing, etc., in order to ensure satisfactory compliance over all the necessary jurisdictions.

The businesses on their part must also ensure the quality and the depth of the employee demographic data to suit the rules and the legislation of the different countries. The clearly defined, accurate and readily accessible data is a must for the speedy progress of the project. It will lend for the smooth transition from the existing system to the new management system. It will also reduce the risks of errors in the businesses processing.

It is also important to assess the potency of the existing policies, consistencies, inconsistencies, and the volume of the business' payroll requirements. The task is difficult and complex and the businesses need to dedicate a team of qualified and experienced professionals to it.