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Millennium
Software’s Human Resource Management System (HRMS) is a comprehensive HR Tool that caters to all HR and Payroll
related functions, starting right from recruitment to employee’s final
exit. It builds on your investments in HR data, enabling you to get the
most out of the HR/Payroll information in an efficient and effective
manner to take decisions that are critical to any business. With
comprehensive, flexible and easy to define user rights, it can cater to
the needs of operations staff, line managers and top executives.
AND ABOVE ALL “AN
OFF-THE-SHELF PACKAGE THAT CAN BE IMPLEMENTED IMMEDIATELY” HRMS
offers the following benefits,
HRMS
covers the following: HUMAN
RESOURCE MANAGEMENT: Recruitment: Starting from a request
for recruitment, this feature goes right up to the final confirmation of
appointment. A complete recruitment manager in itself, the system
schedules tests and interviews, records test and interview results, short-lists
and selects applicants for employment. This is supported by various
reports and letters such as appointment letters, reference letters etc.
Employee Core: The employee core
information covers employee personal & organization-related details
such as employee posting, assignments, promotion & increment history,
perks, awards and more. More than 300 data elements are maintained for
each employee. A powerful filtering and query function enables this mass
of information to be retrieved according to user needs. Training:
The training module helps in selection of employees and chalking
out a comprehensive training and orientation program. Training needs can
be analyzed and a plan can be automatically generated based on appraisal
results. Appraisal
Management:
Allows multiple types of appraisals for each employee. Different assessors
can do each appraisal, such as by boss, peers, and subordinates. The
system weights the scores according to the user-defined formula. The user
can specify the appraisal parameters applicable to each type of appraisal
and define the range of scores applicable to each parameter. Succession
Planning:
This enables the specification and monitoring of key positions along with
the feature to short-list possible successors for specified positions as
well as specified employees. Identification of possible successors can be
done through a combination of user-defined criteria. Manpower
Planning & Budgeting:
Enables budgeting and control of employee head count and expenses related
to recruitment, loans, increments, bonus, travel, etc. The system tracks
actual against budget in real-time. Productivity
Record Management:
This feature provides a complete time sheet recording and management
system. It includes interface to external time-recording and attendance
systems. Leaves
Management:
The system provides the facility to define and maintain various types of
leaves along with the rules associated with each. The whole process from
leave application to sanctioning of leaves is catered for. End
of Term Benefits:
The system automates up-to-date accrual and payment of Pension, Gratuity,
Funds and other employee dues. Employee
Loans:
The system allows definition and management of different types of loans
for employees. Interest calculations and repayments can be automated. Funds:
The system allows management of Provident Funds, GPF, and other
user-defined funds for each employee. The users can create/design
different types of funds with their own rules of operations, including
apportioning of profits/interest. Medical
Expense Management: The system allows management of various
types of medical expenses, hospitalisation, etc, including checking of
employee limit utilisation. Increments
and Promotions:
The system allows “What-If analysis scenarios” to determine the impact
of increments. The system, in conjunction with the payroll module
automatically calculates arrears, if any, due to increments and
promotions. Increments and promotions can be fully automated based on
Appraisal results and rules defined by the user. As and when required,
ad-hoc increments and promotions can be processed for individual
employees.
The
payroll subsystem, in conjunction with the Personnel subsystem, can
process monthly &, weekly salaries as well as daily wages. It
automatically takes care of the following activities: Salary
Processing: Complete
flexibility to define the standard salary structure by grade of employee
as well as by location. Time limited changes to salary can be specified at
any point. Up to 99 earnings and deductions can be specified for each
employee and each earning and deduction can be tagged with user-defined
rules. Back dated changes to salary automatically process arrears with
full impact on all earnings, deductions and taxes.
Salary processing
covers:
Funds
Management:
The
payroll feature caters for various types of funds. Both employee and
employer contributions can be specified for each fund. Recalculation of
contributions is automatically triggered whenever the employee’s salary
changes. The system computes interest, distributes profits, maintains
up-to-date balances and can be interfaced with external accounting
systems. Loans:
The
system computes interest/mark-up, incorporates repayment schedules,
automates repayments from salary and updates the corresponding loan
balances. It validates permissible loan facility according to user-defined
parameters and provides reports such as Employee Loan Statements, MIS etc. Security
Features:
A
robust security module provides highly secured business transactions. User
access rights can be flexibly defined to control activities by authority
levels and activity types such as view only/update/modify, right down to
individual transactions. Multi-level authorizations can be defined for
each activity. |
