HRMS (Human Resource Management System)
A human resource management system (HRMS) is a software application that helps companies manage their employees. Businesses use it to keep track of information such as job titles and salaries, benefits enrollment data like health insurance plans, or retirement contributions. It also includes recruitment and onboarding tools and features for tracking employee performance and managing leaves of absence.
What Small and Midsize Businesses Need to Know About HRMS (Human Resource Management System)
SMBs can benefit from using HRMS software because it allows them to keep track of all their employees in one place, which makes managing payroll more straightforward and more efficient. HRMS systems can also help SMBs make better hiring decisions by providing them with data on past performance reviews to know who might be a good fit for specific positions within the company.
Related terms
- Absence Management
- Furlough
- Onboarding
- Attrition
- Right to Work
- Employee Self-Service (ESS)
- Background Check
- Equity Theory
- Performance Management
- Diversity and Inclusion (D&I)
- Gamification
- Center of Excellence (COE)
- Succession Planning and Management
- Workforce Analytics
- Performance Improvement Plan (PIP)
- Employee Resource Group (ERG)
- Chief Human Resources Officer (CHRO)
- 9-Box Model
- Enterprise Applications
- People Analytics
