Human resource management (HRM) usually involves many administrative and strategic tasks. These tasks can be laborious and time-consuming, especially if you do them manually. The time you spend performing these HR tasks can then hinder you from focusing on the other more critical areas of your business. Moreover, a manual HRM approach can sometimes lead to missed workflows or inaccurate data entry.
Fortunately, HR tasks can now be done more efficiently and accurately with the help of an HR system in Singapore. Having a HR system such as a HR Payroll Software comes with many benefits in managing your human resource. A software solution to automate specific tasks will enhance your company’s HR productivity and accuracy. However, HR software in Singapore usually comes in two options: Human Resource Information System (HRIS) and Human Resource Management System (HRMS). Read on to find out the key differences between these two HR systems.
What is an HRIS?
HRIS is a subgroup of human resource management systems that usually deals with quantitative data only. In other words, HRIS often concentrates on the data-based aspects of business, such as attendance tracking, time tracking, payroll, workflow automation, benefits administration, and accounting and bookkeeping functions.
Moreover, most HRIS systems include a primary employee self-service feature that allows employees to access essential company policies and workplace handbooks. Sometimes, they can also have functionality that lets employees view personal data, such as demographic data, benefits information, job information, leave balances, and performance reviews.
What is an HRMS?
Compared to HRIS, HRMS is considered a more broad-ranging HR technology solution. It is an all-encompassing system that enables companies to manage every aspect of their human resource department. To put it differently, an HRMS contains all the features of an HRIS, with additional features and functions built on top of it.
For instance, many HRMS systems can accommodate a global presence. This means you can create country-specific silos within your HRMS system to address the needs of an employee group at a particular location. Generally, HRMS systems concentrate on an extensive suite of features, which may include the following:
- Employee onboarding
- Training and professional development
- Payroll processing
- Attendance and time tracking
- Performance reviews and evaluations
- Benefits administration
- Taxes and statutory compliance
- Workforce forecasting
- Work scheduling
- Employee self-service functions
Which HR solution is right for you?
There is no exact answer regarding which HR system is right for your business because it all depends on your company’s needs. When deciding what software solution to use, you need to analyse all the features and functions available in the software. HRIS software suffices most of the time if you only need basic HR capabilities. On the other hand, if you are looking for a more comprehensive and global system, an HRMS is highly recommended.
However, keep in mind that software vendors define the scope of their software differently. So, one vendor’s HRIS may be another’s HRMS. To ensure you choose the software that satisfies all your HR needs, you must conduct thorough research into the product you intend to purchase.
In Singapore, HRMS and HRIS software are pretty popular among companies due to the many functions and convenience they bring. Indeed, if you want to make your business’ HRM easier, more productive, and accurate, you should start investing in an HR system now. However, not all HR platforms are created equal. To get the best value out of your money, choose the HR software that fits your business’ needs.
For the best and most reliable HR software solutions in Singapore, Zealys is the service provider you can trust! We offer robust HR software to make human resource management more manageable and convenient for you. From automated payroll and onboarding to the digital management of employee records, everything about our HR system has been intentionally designed to include the functions and features that your business needs. Get in touch with us now to learn more about our excellent software.