- Recruiting Management
- Performance Appraisal
- Payroll Management
- Onboarding
- Employee Lifecycle Management
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PeopleStrong is an all-in-one HR platform that handles every stage of the employee lifecycle, from hiring to exit. It includes HCM, payroll, talent acquisition and management, and collaboration tools. The platform focuses on delivering a distinct employee experience and enables ... Read More
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.
A performance appraisal is a regular evaluation of an employee's work performance and overall contribution to an organization. A yearly review, performance review or evaluation, or employee appraisal evaluates an employee's abilities, accomplishments, and growth—or lack thereof. Performance Appraisal is a very important tool for HR to maintain transparency. This helps both the employees and the company. The performance appraisal process should be internal and external, but it’s more practical to have only internal appraisal because of its direct benefits over the employees.
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.
Employee lifecycle management (ELM) describes an employee's stages when employed by a company. HR plays a vital role in ELM, and it begins even before the employee is hired. Outreach, recruiting, onboarding, growth and training, results, and offboarding are the six stages of ELM. How the firm introduces itself, deals with candidates, invite people into the company, and manages their personal and professional progress are all part of the ELM process.
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.
Employees are tracked and monitored using time and attendance systems (TNA). An employer can track its employees' working hours and late arrivals, early departures, break time, and absenteeism using a time and attendance system. It also reduces overpayments, frequently generated by paying personnel when they are not working, and eliminates transcribing interpretation and intentional errors. TNA systems can also guarantee that evidence of attendance conforms with labor standards. Most firms use time and attendance software to automate duties such as tracking hours and leave.
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.
360-degree feedback is a valuable software feature that allows organizations to gather feedback on an employee's performance from a variety of sources. It provides a comprehensive view of an employee's skills, competencies, and areas for improvement from colleagues, supervisors, clients, and others who work closely with them. The feature works by collecting anonymous feedback through surveys and evaluations from different angles, providing a well-rounded perspective on the employee's performance. This helps identify their strengths and weaknesses, as well as potential blind spots,
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.
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.
Performance Management is a comprehensive approach to managing the performance of individuals, teams, and organizations in order to achieve desired results. It involves setting clear goals and objectives, monitoring progress, providing feedback, and identifying areas for improvement. One of the key features of Performance Management is goal setting. This involves the process of defining specific, measurable, achievable, realistic and time-bound (SMART) goals that align with the overall objectives of the organization. These goals serve as a basis for evaluating employee performance and provide a
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.
Training management is a software feature that helps organizations efficiently manage their training programs and activities. It serves as a centralized platform for creating, scheduling, delivering and tracking training sessions and courses. With training management, organizations can streamline the entire training process, from planning to evaluation. One of the key features of training management is the ability to create and customize training programs based on the specific needs and goals of the organization. This allows organizations to tailor their training content and delivery methods to best suit their employees and business
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
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.
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.
The time tracking feature is primarily used by businesses that bill customers based on the time it takes to resolve a problem. Staff can quickly record their time on various customer requests using time tracking or a time-based billing module. Time Tracking lets you see how much time you have spent on a project or task. As a freelancer, this is essential for staying on schedule. Time Tracking will allow you to schedule your tasks and the progress of the projects. However, with the increase of remote employees, freelancers and business projects that require part-time working, it can be difficult to manage how much time has been spent on something. This can lead to finances being mismanaged or overheads being exceeded.
A system or process for capturing, tracking and storing electronic documents such as PDFs, word processing files, and digital photographs of paper-based content is known as document management. You may save time and money by using document management. Document security, access control, centralized storage, audit trails, and fast search and retrieval are all features included. The documents could be organized by department, vendor, purchase order number or any other business notion that makes sense for your company. Document management systems, unlike file cabinets, store documents in electronic folders that numerous pieces of information can index. This allows users to search for and retrieve documents based on various parameters.
Candidate sourcing is the process of identifying and attracting potential candidates for a job or position within an organization. This feature is essential for companies looking to fill open positions with the most qualified and suitable candidates. With candidate sourcing, recruiters can use various methods to find potential candidates, such as job boards, social media, online professional networks, and employee referrals. This broad range of sourcing methods allows recruiters to reach a diverse pool of candidates and increase the chances of finding the best fit for their organization. One of
Employee hours are tracked via Attendance Management. It's the system you use to track how much time your workers spend working and how much time they spend on vacation. Employee hours might be recorded on paper, spreadsheets, punching time cards, or online attendance software. Attendance Management Systems make it possible to quantify workers' hours correctly. This is particularly useful if you have hourly staff. In addition, you would be able to calculate the exact amount of compensation you owe your employees. It would also help determine whether any employees are owed overtime pay.
Resume parsing, also known as CV parsing, is a software feature that enables the extraction and analysis of data from resumes or CVs (curriculum vitae). This process involves using algorithms to scan through a resume to gather relevant information such as personal and contact details, education, work experience, skills, and achievements. The main purpose of resume parsing is to simplify and streamline the hiring process, particularly for large organizations that receive a high volume of job applications. By automatically parsing resumes, this feature saves recruiters
The process of paying salaries is referred to as payroll. It begins with preparing a payroll list and concludes with the recording of expenses. It's a complicated procedure requiring collaboration among several departments, including payroll, HR, and finance. However, organizations can easily manage all of the difficulties by utilizing contemporary technology. Simply defined, the procedure calculates what is owed to employees for a specific payroll cycle after taking into account mandatory deductions such as TDS, employee PF contributions, meal coupons, etc. The time between two salary disbursements is defined as a payroll cycle. Salaries might be paid weekly, biweekly, or monthly, depending on the needs of the business. In India, it's typically processed once a month.
Employee scheduling is a difficult task. Anticipating workforce needs, handling employee demands and preferences, and guaranteeing shift coverage is a balancing act. It doesn't stop there: managing labor expenditures, abiding by compliance regulations, and improving efficiency are part of staff scheduling. As a result, the employee schedule is a vital link between an organization and its hourly employees. As a result, good staff scheduling contributes to a positive employee experience, resulting in increased employee retention and satisfaction. In some industries, such as manufacturing, the work schedule is critical to satisfying production demands or other important company objectives. Many other areas of operations are influenced by staff schedules, including labour expenses, productivity, and adherence to industry rules, internal policies, and employment and labour laws.
The technique of managing a task throughout its life cycle is known as task management. Planning, testing, tracking, and reporting are all part of the process. Persons can use task managers to achieve their goals, or groups can collaborate and share expertise to achieve collective goals. Management of all aspects of a task, including its status, priority, time, human and financial resource assignments, recurrence, dependency, and so on, is required for effective task management. The primary activities of task management can be grouped in this way. Specialized software, such as workflow or project management software, can manage many persons or team responsibilities. Task-oriented project managers keep a detailed and up-to-date project schedule and are usually adept at leading team members and moving the project forward.
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PeopleStrong is an all-in-one HR platform that handles every stage of the employee lifecycle, from hiring to exit. It includes HCM, payroll, talent acquisition and management, and collaboration tools. The platform focuses on delivering a distinct employee experience and enables businesses to make data-driven decisions with greater agility.
Disclaimer: This research has been collated from a variety of authoritative sources. We welcome your feedback at [email protected].
Researched by Rajat Gupta