Overview of Oyster

Recruitment management is the process of hiring and selecting employees. It comprises responsibilities including posting job advertisements to attract people, updating application forms, and scheduling interviews. A recruitment management system is frequently automated to standardize, simplify, and speed up the recruitment and selection process.

The payroll management process consists of a series of controlled processes completed in the same sequence each month to establish a payroll cycle. Put another way; the payroll process is all about determining what is owed to employees, i.e., the Net Pay after all applicable tax adjustments and deductions have been made. Therefore, payroll management necessitates cautious and detailed preparation. Changes to details relating to specific employees' payments, assumptions, and other financial payments are reviewed and monitored regularly. There are three primary phases to this payroll management process: before, during, and after the payroll administration.

The process of welcoming new clients, ensuring that their inquiries and concerns are addressed, and delivering new products and services as needed is called onboarding. Depending on the firm, onboarding can take different forms, from welcome calls to user groups to training sessions. Despite the fact that it is commonly viewed as a need to sustain customers and deepen their connections, many firms struggle with the coordination of onboarding procedures and their execution through numerous departments.

A database of employees comprises vital information such as each employee's personal information and company-related information such as their pay scale, employment date, and more. In addition, it contains a range of employee personnel fields for HR to refer to, such as name, age, job title, salary, length of service, and so on. Employee database software that works well should be self-service, allowing employees to add and change their data. Employees can keep track of their data, such as the job they've done each day or the hours they arrived and left. Team leaders may have access to information about the employees who report to them, but other sensitive information, such as compensation, can be kept secret.

HR compliance is company's commitment to respect the labor laws' operating requirements. Processes, procedures, and records are all affected. Workers are also entitled to all benefits mentioned in their employment contracts. Benefits administration, attendance and timesheet management, payroll management, and compliance management are all included in the HR Compliance Management System, a typical software application.

A self-service portal is a website or app that enables workers (or external clients for externally visible support providers) to help themselves when they require assistance, information, or a service. It's one of several ways to give folks who need help self-service, self-help, and, ideally, self-care skills, with that help often requiring no interaction from support professionals. A self-service portal is a wonderful way to save time and money by expediting frequent service requests. Self-service portals also allow up service employees to work on more complex issues or develop new products that will help the company expand.

Compensation management is a key feature in many software applications that helps businesses efficiently manage their employee's compensation plans. It is designed to streamline and automate the complex process of determining, administering, and updating employees' compensation packages. One of the main functionalities of compensation management software is the ability to create and manage different salary structures for different job roles within a company. This ensures fair and consistent pay practices, taking into account factors such as job responsibilities, experience, and performance. Additionally, the software allows for

Benefits management includes defining, preparing, analyzing, and monitoring benefits from starting a program or project investment until the last predicted profit is realized. Its purpose is to ensure that the desired outcomes are exact, measurable, agreed upon, feasible, and on schedule. 'Benefits management and 'benefits realization' are frequently interchanged phrases.

The word "attendance tracking" usually refers to employees being assigned to a certain "location" – an employee arrives at a location to accomplish work, and his presence certifies his attendance. An employee attendance app, on the other hand, allows you to authenticate your job attendance by measuring the amount of time you spend working. Employee attendance and absenteeism can be tracked using attendance tracking software. It's used to keep track of employee work hours and schedule their vacations. Businesses can use spreadsheets, card swipes or biometrics, or attendance software solutions to track employee attendance. An employee attendance software for Android or iOS functions as a mobile attendance system since it allows you to conveniently enter hours for fieldwork, making it useful for employees who work on the go.

Multi-country refers to a situation in which several countries are involved. Various countries and locations are frequently examined. Patterns, similarities, differences, possibilities, and difficulties can all be found in the data and insights gathered. Comprehensive insights for strategic decision-making and business success are among the advantages. Previously, businesses had to be concerned only with the payroll regulations of the country in which they operated. In a worldwide economy, however, many companies employ people from all over the world. As a result, achieving compliant payroll becomes much more complicated. Each country has its payroll legislation, such as data privacy laws and employee benefit standards. These are constantly changing. Businesses with employees in many markets worldwide have a responsibility to ensure that they comply with the most up-to-date norms and regulations.

Applicant Tracking Systems (ATS) can be incredibly useful in helping recruiters efficiently manage the huge number of applicants they receive. Clients can use an applicant tracking system as a database. Businesses of various sizes use it to organize, find and communicate with big groups of customers. Its primary purpose is to make organizations' lives easier by automating and searching for specific candidates. Applicant tracking software is a system that simplifies the management of job applications. In other words, it helps companies that receive an overwhelming number of resumes each and every day. An applicant tracking system ‘tracks’ these resumes as they come in and allows you to look at them facilely.

Employee leave patterns are essential to monitoring the amount of paid leave, sick leave, and holiday trends within your company. Because automation of leave management increases the risk of human mistakes, analytics for business operations can be thoroughly investigated. Employee performance and diligence can also be tracked via analytics. Even if there is no legal necessity, keeping track of employees' paid time off is very desired. Without reliable record-keeping, it is hard to enforce and implement leave regulations. When approving departures, a manager must review the day's roster before deciding whether to approve or deny the request.

Leave management is a crucial feature offered by many software programs for businesses and organizations. It is a comprehensive system that allows managers and employees to effectively manage all aspects of leave, from submitting requests to tracking approvals and maintaining accurate leave records. At its core, leave management is a tool that automates and streamlines the leave management process. It eliminates the need for manual methods such as paper forms and spreadsheets, which can be time-consuming and prone to errors. With this feature, employees can easily request

Reporting is the process of organizing data into informational summaries in order to track how various components of a business are performing. This includes calculating critical data and presenting them in multiple formats, such as an email, a slide deck, or an online dashboard. Reports can be complex and employ several methods. Still, the final purpose remains the same: to make it easy for those analyzing to comprehend what is truly happening within the business. This means that the accuracy of the reports is critical throughout the analytics phase, which focuses on identifying and resolving any issues inside the company.

Electronic signature is a technology that allows individuals to sign electronic documents and transactions in a legal and secure manner. It eliminates the need for physical signatures on paper documents, making the process of signing and storing documents more efficient and convenient. One of the key features of electronic signatures is their ability to authenticate the identity of the signer. This is done through a combination of methods such as digital certificates, biometric authentication, and IP address validation. This ensures that the signature is linked to the correct individual and prevents

A tax is a governmental mandatory financial charge or levy imposed on a taxpayer to fund certain public expenses. The taxation system is critical for a country's economy since money is required to run the government and handle the activities of the state. The administration of funds to pay taxes is referred to as tax management. Tax management entails timely filing of returns, having accounts audited, and deducting tax at source, among other things. In addition, tax management aids in the avoidance of interest, penalties, and prosecution. The goal of Tax Management is to ensure that the terms of the Income Tax Law and related laws are followed.

Paid time off (PTO) is an employee leave program in which employees can draw from a leave bank (with a certain number of leaves) and be guaranteed a set amount of money for their days off. It is an automated system that lets employers track employee vacation time, handle time-off requests, approvals, and leave balances. The time off tracker provides data to other systems, such as Payroll, and aids in employee compensation management. You can create multiple time-off policies, customized approval applications, holiday calendars, and workweeks that can be assigned to different teams and departments based on region, shifts, and so on with a time-off tracking software. It is an all-in-one place to store and handle information and queries on time-off tracking for all your employees.