In a business, proper leave, loan, and arrears management is a crucial and challenging task for the HR department. Even slight errors could cause huge problems and result in employee morale drop and stunts the organization's growth. Therefore, to maintain productivity, companies are trying to implement new technology in their business. The HRMs Leave, Loan, and Arrears module help in keeping track of the leaves of employee manage loans and sets up arrears in payroll. With proper management, the company can provide specific rights to the employees. HRMS aids the organization to perform all these tasks in a sophisticated way.
HRM Systems Leave management, loan management, and arrear management software automates all the processes and offers a cloud-based platform to store all the data. It consists of several features viz. Leave application, managing leave balance, an all-in-one dashboard to keep track of leave balance, loan application, loan servicing, debt collection, loan analysis, arrear calculation, employee performance overview, record timesheet, and much more. To thrive in today's competitive environment, implementing cloud-based technology could be the best investment for your business. With improved efficiency, productivity, savings, accuracy, simplicity, decision making, and security companies have sky-rocketed their market revenue, boosted employee morale, and increased customer satisfaction to prepare for future challenges.
Centralised software to share and get real-time information anytime and anywhere.
Tracking and applying for leaves is made easier.
Loan Management system for managing loans and creating loan requests effortlessly.
Automatic deduction of Loan Repayments.
Managing arrears and designing schedules for on-time payments is not challenging anymore with the arrear management system.
HRM can be defined as the effective management of people in an organisation.
HR management helps bridge the gap between employees’ performance and the organisation’s strategic objectives. Moreover, an efficient HR management team can
give firms an edge over their competition.
Human resource operations contribute significantly to the success of an organisation. Hence, human resource management has emerged as a popular course of study.
Business consultants note that modern human resource management is guided by several overriding principles.
Another important principle, articulated by Michael Armstrong in his book A Handbook of Human Resource Management, is that business success "is most likely to be achieved if the personnel policies and procedures of the enterprise are closely linked with, and make a major contribution to, the achievement of corporate objectives and strategic plans
