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TA Assignment Part-2

A HRMS (Human Resource Management System) combines HR systems and processes through HR software to help revolutionize workplaces. It automates repetitive HR tasks, allowing HR professionals to focus on culture, retention, and other strategic areas. A modern HRMS handles various HR functions like payroll, recruitment, employee records, attendance, and benefits through different modules. Kotak Mahindra Bank uses ZingHR, a comprehensive HRMS that covers the entire employee lifecycle from hiring to retirement through features like recruitment, onboarding, payroll, performance management, and separation processes. Selecting the right HRMS is important for organizational success and productivity.

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misha gupta
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0% found this document useful (0 votes)
123 views

TA Assignment Part-2

A HRMS (Human Resource Management System) combines HR systems and processes through HR software to help revolutionize workplaces. It automates repetitive HR tasks, allowing HR professionals to focus on culture, retention, and other strategic areas. A modern HRMS handles various HR functions like payroll, recruitment, employee records, attendance, and benefits through different modules. Kotak Mahindra Bank uses ZingHR, a comprehensive HRMS that covers the entire employee lifecycle from hiring to retirement through features like recruitment, onboarding, payroll, performance management, and separation processes. Selecting the right HRMS is important for organizational success and productivity.

Uploaded by

misha gupta
Copyright
© © All Rights Reserved
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Talent Acquisition

Assignment - Part 2

Group:-C

Name PRN
Bharat Jain 19030141010
Deeksha Tiwari 19030141014
Kajal Hardwaria 19030141020
Neha Gupta 19030141042
Puja Jha 19030141050
Stuti Kumari 19030141072
What is HRMS?

A HRMS (Human Resource Management System) is a combination of systems and processes that
connect human resource management and information technology through HR software. A HRMS may
help to revolutionize a workplace.

The automation of repetitive and time consuming tasks associated with human resources management
frees up some of the companies most valuable employees and allows the focus to shift to culture,
retention, and other highly impactful areas.

A Modern Approach to HR

Selecting a HRMS to handle HR activities is a trademark of the modern company, there are few
successful companies in any industry that do not have some sort of automation in place for HR tasks at
this juncture. Mobile accessibility has further worked to transform the landscape of HR, putting information
and task management at the fingertips of employees and managers. HRMS has helped to effectively
break down bureaucracy and “flatten” many organizations.
Functions of HRMS Systems

The function of the human resources department involves tracking employee histories, skills, abilities,
salaries, and accomplishments. Replacing certain processes with various levels of HRMS systems can
distribute information management responsibilities so that the bulk of information gathering is not
delegated strictly to HR. By allowing employees to update personal information and perform other tasks,
information is kept more accurate and HR professionals are not bogged down.

Each module performs a separate function within the HRMS that helps with
information gathering or tracking. HRMS modules can assist with:

● Managing payroll
● Recruitment and onboarding
● Gathering, storing, and accessing employee information
● Keeping attendance records and tracking absenteeism
● Performance evaluation
● Benefits administration
● Learning management
● Employee self-service
● Employee scheduling
● Analytics and informed decision making

HRMS Selection

★ Selecting and implementing the right HRMS for your company can make a huge difference to
future growth and success.
★ While it is possible to take care of HR functions manually, an automated system can help to
elevate productivity levels and can change the way that your company is perceived in the modern
marketplace.
★ It is important to remember that these systems are not “one size fits all,” however; just as each
company is different, so are the systems available on the market to choose from.
List Of HRMS Used by Banking Sector

● HR-One HR Software

● GreytHr Software

● Spine HR Suite

● Beehive HRMS

● Zoho People

● sumHR Software

● HR Mantra

● 247 HRM

● FlexiEle HRMS

● Keka HRMS

● ADP Vista HCM

● HRMTHREAD

● PeopleStrong

● ZingHR

● PeopleApe
Name :- Kotak Mahindra Bank

HRMS Used :-ZingHR

About Zing HR:-

● ZingHR is HR and payroll management software that focuses on empowering the workforce to
improve businesses.

● It establishes a digital workforce that is well connected and well informed. It has an easy-to-use
UI that eases the employee user experience.

● ZingHR has added voice assistance powered by google assistant, which only increases the ease
of user experience.

● ZingHR is a very active software solution that works continuously the organization's HR
operations.

● It is multilingual software that provides support in 21 languages.

● ZingHR specializes in the hiring process. It has robotic interviews that work for you in real-time. It
also has a machine learning system that increases hiring by 92%.

● ZingHR software provides a multilingual, AI-powered, voice-based chatbot for walkthrough and
solution to queries in real-time.

● ZingHR has a superb payroll management solution that can process more than 500 computations
in less than a minute with no errors.

● It also keeps a track of loans and advances given to employees in the organization. It ensures all
the statutory compliances for businesses.
Features of Zing HR:-

1. ZingHR is a comprehensive tool for HRMS and payroll management.


2. It provides simple solutions to simplify office workflows.
3. It eases the hiring process with great efficiency.
4. ZingHR comes with multi-lingual access.
5. It updates every 45 days to provide new features and improve the current ones.
6. ZingHR mobile app base provides users easy access to their personal data.
7. ZingHR has provided services to some of the big names like SBI General insurance, HDFC
securities, McDonald’s, DHL, Mahindra Business Solutions, Burger King, to name a few.
8. With 18 years of experience, ZingHR is one of the leading software solution providers for HRM
and payroll management solutions.

Supported Platform

1. IOS

2. Windows

3. Android
Modules & Functionality used in Zing HR

ZingHR - End-to-End Employee Life Cycle Management

ZingHR’s fully integrated Cloud HR Software suite for complete HR Management Tools that enable the
New Age HR. Human Capital Management has never been this easy. The HRMS Cloud Solutions cover
the entire Hire-to-Retire processes for small and medium to enterprise level organization. We offer
disruptive and innovative HR solutions for challenges faced by the modern, digital workforce.

Product Features:

● E- Recruitment - Linked to Job Portals, Intranet Portals, Placement Agencies, Social Media,
Resume Tracker, De-dupe Check

● Hiring & Onboarding - Interviews on Mobile, E-Appointment Letters, Joining Checklists, Salary
Structuring, Organisational Hierarchy, Asset Allocation

● Time, Attendance & Leave workflows- Mobile App, Interface with Biometric devices, Geo
fencing, Web Punch in Time Sheets, Manager Attendance marking Leave & Workflow
● Travel & Expense- Salary related claims, Non -salary related claims, Travel Approval, Bill
Verification process
● Payroll Processing - Payroll Cockpit, Loans & Advances, Statuary Compliance, Interface with
Banks, Interface with ERP/Satellite Systems

● Employee Self Service Portal - Employee Dossier ePayslips, HR Policy Manuals, Birthday
Reminders, Repository of Documents, Help-Desk and Social

● Performance Appraisal- KRA, Competency, Values Balanced Scorecard Perspectives, Training


Need Analysis, Bell Curve, Moderation, Appraisal Letters
● Organization Management - Transfers, Deputation, Confirmation, Salary/ Grade/ Role Change
● Separation, Full & Final Settlement - E-Separation Workflow Resignations, Terminations,
Retirement, Full & Final Settlement, Attrition Analysis
ConClusion:-A standard human resource management system is a necessity for all businesses — the
need to store employee information in an accessible place, manage time, assist in hiring processes, and
handle finances and benefits information are all essential functions across industries and company sizes.
Beyond those basic capabilities, many businesses require advanced learning systems, performance
analytics and accounting features in addition.

Evaluating the needs of your business is one of the first steps to finding a new HRM system. Once your
HR requirements are mapped out, choosing (and eliminating) vendor options is simplified. Having a
prepared list of desired human resource management system features can make the extensive HR
software world less overwhelming and lead to the best choice for you and your employees!

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