A Human Resource Management System (HRMS) system is a powerful tool to automate manual or repetitive HR tasks. It gives HR professionals the freedom to carry out strategic, employee-oriented tasks that improve productivity, engagement and efficiency.
But did you know that an HRMS can also help you manage performance appraisals and payment of arrears?!
As a company grows, tracking employees’ performance and conducting performance evaluations often becomes onerous and time-consuming. ‘Old-school’ appraisal systems where employees’ performance was tracked through email, face-to-face discussions or even cumbersome spreadsheets are long gone. Now, with cutting-edge HRMS solutions like Spine HR Suite, organisations can conduct intelligent appraisals that are comprehensive, up-to-date, data-backed and most importantly, fair.
- Provide regular, updated feedback for ongoing development and performance improvement
With an HRMS, you don’t have to wait till the end of the year to provide 360-degree feedback. You can do this on a regular basis in order to:
- Assess their skill sets and harness them for the company’s benefit
- Provide feedback, identify gaps and devise a plan for addressing them
- Recognize training needs for ongoing improvement
- Acknowledge accomplishments and provide rewards for motivation
- Set and track improvement or development goals
The goal-setting and tracking feature in an HRMS can empower managers to develop their employees’ potential. It can also help them collaborate with employees to identify hidden talents or aspirations and create a plan to meet them. Ultimately, this helps employees progress towards professional success and employers to improve their efficiency, productivity and output.
- Manage compensation and promotions to keep employees motivated and engaged
Through ongoing reviews and ratings on employees’ progress, managers get solid information to compensate them in an objective and fair manner. An HRMS tool automates the process of tracking individual employees and comparing groups of employees, so those who outperform others can be adequately compensated and even promoted. Knowing that appraisals are carried out in a fair and objective manner can keep employees engaged and loyal to the company.
- Improve company policies through employee feedback and surveys
An HRMS tool can be used to ask employees to provide feedback about the company’s policies, culture or management. Through this information, companies can gain valuable and implementable insights. And by involving employees in the firm-wide ‘improvement’ and decision-making process, they can promote a sense of ownership and engagement that keeps employees motivated for the long term.
- Simplified payroll and arrears processing
An HRMS like Spine HR Suite can manage time sheets in order to capture and monitor productive time devoted to each project. Based on this (and more) information, it can even automate tax calculation and calculation of arrears, overtime, claims, bonus, incentives, etc. By automating these time-consuming tasks, an HRMS makes it possible for an organisation to focus on developing their most important asset – employees.
To know more about how Spine HR Suite can help you easily manage your performance appraisals and arrears processes, contact us.