Importance of Salary management system of Human Resource Management Software

Salary management , Posted by on 2018/09/03 0     Comments

HR Management Software is a software application that aids in the management of human resources with systems in place which take care of data and generate meaningful information. Well, as you know everything that happens, happens for a reason. The development of HR  Management Software took place when computerized systems came around to remove manual activities that were taking care of Human Resource processes. If you look around in major organizations, you will see that a comprehensive HR Management Software is in place which takes care of all HR-related work like salary management system, recruitment, and so on.

Functions of HR Management Software: 

HR Management Software assists in the following: 

  • Payroll management. 
  • Attendance management. 
  • Leave management. 
  • Employee management. 
  • Appraisal management. 
  • Recruitment. 
  • Benefits administration. 
  • Report generation. 
  • salary management system

Check this question from Quora: Query

Selection of HR Management Software: 

Before you opt to go for a salary management system or entire HRMS, it is important that you should be clear about the organizational goals of your company. The processes that contribute to the company objectives should also be taken into consideration. It shall also help if you take the HR personnel into the decision-making process, as it is they who shall be interacting the most with the Human Resource Management System. It shall be the best fit if you can get a software which can be customized according to the needs of your company. 

Salary management system of HRMS:  

For your benefit, we shall be considering an existing HR Management Software called HRMS, designed and developed by Vyrazu Labs which is available at enterprise software section. This is a highly customizable system that can be configured according to the needs of the user. It follows the SaaS architectural model and is hosted on a server so that remote users can log in simultaneously. As user data is stored in the system, security has been provided by incorporating the latest techniques in encryption methodologies.

Now, in the case of the salary management system, the salary for each employee is calculated through the software after taking into consideration his / her attendance for the current month. This gives the figure for his / her payable days.

This question from Quora deals with HRMS, do have a look: Query

On clicking the salary module, the salary History page comes up, which displays the total no of leaves taken in the current month, payable days, month, year, and total salary. 

The salary management system within the salary module displays the heads under which the total salary has been broken up like basic pay, conveyance allowance, additional allowance, etc which are customizable features and can be configured as per company policy. 

There is another important feature within the salary management system. This displays the employee’s payslip which contains his emp id, total earnings, total deductions, and net pay apart from the details like month and year, etc. 

A part of the salary management system has options that contain the salary history of each employee so that HR personnel can refer back to it through the HRMS when required.  

Get in touch:

HRMS by Vyrazu Labs has been designed keeping in mind organizations like yours for example. I am sure you might want to have a look at the product, all you have to do is to watch the web series. Also, if you fill-up the form below you can have the product’s demo. The pricing details are available on the pricing page. Incidentally, if you are heading a small organization of  4 / 5 members you can have free access to this tool for 3 years. So, do get in touch.

For more information regarding the salary management system or our HRMS, you can ring us or submit the quote form and we will be back to you within 24 hours!