It manages Organization and Employee Structure, Benefits, time entry, Pay & Deductions, Gross to Net, Time & attendance, Income Tax Computations, Compliance Management & Filing.
HRMS Functions
Candidate management:It hells employment offers to candidates and how you promote your brand to both the outside world and current employees who may wish to apply for internal jobs or make referrals. It handles job requisition to candiate resume management to interview scheduling to making offers, all the way through onboarding.
Employee management: It delivers a central portal to support analysis, reporting and compliance processes. It’s where you structure your workforce into organizational units, like departments or locations; define reporting relationships between managers and employees; and align payroll to accounting cost centers. It’s here where personal information is recorded and maintained, and this function is the cornerstone of efforts to offer employee self-service, maximize reporting and improve HR service delivery.
Payroll: This is also a primary function of the HRMS—calculating earnings from gross to net or net to gross and withholding individual deductions and issuing payments can be made. Payroll functions comprise benefit elections and both employee and employer costs. Full-service payroll solutions also automate tax filing and deposits. Self-service functions allow employees to make changes to elective deductions, direct deposit accounts and tax withholdings and retrieve copies of earning statements without HR assistance.
Statutory Compliance: Statutory compliance is all about the organizations those must follow the standard Laws. Statutory Compliances such as PF, Factories Act, ESI Act, Minimum Wages Act, Bonus Act, Professional Tax Act, Shop and Establishment Act are required of Indian companies, organization etc. A Payroll Management Software is a software used to calculate salary of employees and calculate deductions such as PF, PT, ESIC and Income tax. Payroll software takes attendance of the month and calculate salary as per the defined values and formula set. Arrears, Bonus, Reimbursement, Advance deduction and other heads can be managed here.
Workforce management: This is where HR teams track employee development, manager evaluations and disciplinary actions; record time and attendance; and ensure the company is providing a healthy and safe work environment. This is also where compensation planning, performance management, learning and incident recording functions reside. HR can develop timesheet structures, overtime rules, time-off policies and approval chains in way that maximizes automation, control and efficiency. The employee performance review process, complete with goal management, is set up in this function as well.
Peacksoft HRMS workflow.
Employee Management
Capture all Employees Personal, Compliance related ,Bank, Salary details.
Manage life cycle activities such as Audition, Confirmation etc. Use search capabilities to quickly locate, update employee information.
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Salary Management
Configurable Salary structure.
Peacksoft Payroll offers flexibility to handle different types of salary structures. Also add unlimited Salary component with Investment details.
Salary Advance: Record salary advances against employee. And recover the same on equated monthly installments.
Claims
Record reimbursement of expenses or any other bills.
Monthly Salary
Generates monthly salary of the all the employees in a single click. Keeps track of TDS recovery and emailing of payslip to each employee.
Attendance
HRMS records the monthly attendance on hourly basis and provides the attendance report with over time for the employee.
Leaves
Peacksoft records the monthly leaves for the employee with LOP, EL, CL and XL.
Biometric Attendance
Peacksoft ERP can import monthly biometric attendance of all the employees in CSV format in a single upload operation. It can compute employee leaves and adjust balance leaves and even compute LOP/
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ESS - Employee Self Service
Employee can login to the HRMS system and sumbit claims request and leave request to be approved by his/her manager or HR admin.
Claims Request
It records reimbursement of expenses or any other bills.
Leave Request
It helps employee to submit leave request with given duration.
Performance Management System
HRMS records employee goal, review, performance and appraisal.
Employee Goals & Review
Peacksoft PMS module makes employee to set his/her yearly deliverables, goals. He/she has to update the KRA and add review and should get manager review also in it.
Appraisal
HR admin will set up appraisal record and then sends 360 degree review requests to peers. Based on employee self review and peer's review, final appraisal and performance is measured.
360 degree feedback
All the peer's review against the employee KRA are taken into consideration of employee final performance review.
Performance & Rating
Employee perfomance, review, rating and improvement plans are recorded into it.
Read more on Peacksoft HRMS Details
Income Tax
Peacksoft HRMS automatically computes Income Tax of employees.
FORM 16 can be generated after the end of financial year.
Compliance
Reports
TDS payable.
Provident Fund payable.
ESI payable.
Profession Tax payable.
File Following
TDS Salary.
Provident Fund.
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Intuitive solutions on cloud with integrated features like Accounting, Purchase, Sales, Production, CRM, Payroll, Inventory & Filing of all compliances. . Call us at +91-86608 58802 (M: 9845167247) to schedule a consultation.
