HR work is more complex and involved today than it ever has been. There’s so much that goes into the management of employee information, which is used for everything from recruiting and hiring to training, evaluations, and so much more. The importance and manpower behind these tasks make it critical for human resources professionals to have HR management software for more efficient management of HR information.
TUBA Hrms Advantages
Take control of every employee Activity
Accept online attendace on a specified location only.
Transform the ways you manage leaves and holidays
User friendly Interface
Advanced eye catching Dashboard
What Separates our HRMS From Others
TUBA HRMS stands for Human Resource Management System. It is software or a system used by organizations to manage their entire HR operations. HRMS automates the process and makes the work easier. It keeps the data, information, and updates in a centralized location systematically. HRMS in the current era is a vast platform that has various modules to manage each bit of HR. Most commonly, HRMS manages
History of HRMS:
In the 1970s, as companies looked to automate management of their people, payroll became the first HRMS function to be computerized. But it took mainframe technology to calculate a worker’s earnings, withhold deductions, print a paper check and track payroll liabilities. It wouldn’t be until the early 2000s, with widespread adoption of direct deposit and employee self-service, that the payroll process became wholly electronic.
PeopleSoft was among the first to pioneer a more complete HRMS system in the late 1980s. In addition to payroll, it offered employee record management, recruiting, time and attendance, benefits administration, compensation, compliance reporting and other features to help HR professionals automate more of the employee lifecycle and make better workforce decisions.
The rise of the internet in the late 1990s brought the benefits of automation to even more HR processes. For example, paper-based help-wanted ads were replaced by electronic job boards, giving recruiters and candidates new ways to connect. By the 2010s, cloud technology was mainstream—now, HR teams at all-size companies could afford a suite of applications without investing in expensive computer hardware or IT staff to operate and maintain the system.
2020 and beyond promises even more HRMS innovation. Machine learning and predictive analytics are built in to many current systems, and the advent of true artificial intelligence will help companies anticipate future skills requirements, detect workforce trends and match best-fit candidates to open positions faster.
Why HRMS is important?
While HR expenditures, especially office space, are in flux now given shifts to a work-from-home model, companies must still accurately calculate labor costs to keep revenue per employee KPIs current. Joseph Hadzima, a senior lecturer at the MIT Sloane School of Management, estimates that base pay plus employment taxes and benefits typically add up to 1.25 to 1.4 times annual salary. Thus, a $50,000 per year worker might actually cost $62,500 to $70,000, not including real estate and equipment, like PCs and phones.
Moreover, companies with overstretched human resources departments should be rolling out self-service capabilities. There’s no reason for an HR specialist to spend time assisting a manager with routine updates to hours worked, for example, or helping employees access forms like W-2s.
Fortunately, accurate financial data reporting and secure self-service are just two benefits of a modern human resources management system.