In Order to Build a rewarding employee experience start to using Integral HR & Payroll software

HR & Payroll Software

The Human Resource Management & Payroll Management System is One of the Flagship product of InitVent Consulting Services Ltd. The HR software company uses should not just be beneficial for the employer but should have added features so that employees can also benefit from it. It must be chosen with such intent that the company grows as its employees grow with it. Many organizations find themselves stuck in limited functionality software which consumes valuable time because they do not know which modules and features the software they use should include.
Payroll processes are time-consuming and error-prone when manually done. A misplaced “0” or decimal point can wreak havoc to your finances. You can turn to payroll automation to avoid inaccurate financial statements and penalties. It syncs and consolidates employee data and regulatory rules and automates calculations, leaving no room for an oversight.

HRM Software Features & Modules in Details

Employee’s Details Information

This module save all employees details information. Some of the most important features this module provides are mention below :
a. Personal Information
b. Academic information
c. Working Experience’s information
d. Store All Documents
e. Store Designation and Grade/Grade-Step.(Which is most important to generate his/her salary)

Time and Attendance

The timings regularities, biometric information, and attendance, etc., are the parts of this module. It keeps track of the employee attendance and keeps the data secured for the future reference. Some of the most important features this module provides are mentioned below.
a. Integration with various kinds of attendance readers like bio metric readers etc.
b. Calendar appearance for better visualisation of employee attendance.
c. Application facilities for holidays and Short leaves.

Absence and Leave

This module works in alignment with the company policy. The leave schedules can be automated using the module. Booking, tracking and approving any form of time off work becomes easy. Some other features this module provides are listed below:
a. Information on leave balance for any kind of time off
b. Online application with easy access c. Granting rights to Hod and HR department.
d. Allowing all employees to view their leave history

Learning and Development (Training)

Working closely with the performance management module, this module works as a base where individual training, bookings, requirement, and feedback are operated. The module also automates the process of allocated budget and the actual training expenditures. Here are some of the important features this module provides.
a. Centralisation of all learning data.
b. Easy to set up training sessions, schedule exams and assignments.
c. Lowers the training cost.
d. full visibility into the training process.

Performance Management (Appraisal):

Monitoring the performance of each worker when it comes to overall efficiency is vital. Organisations should have a system that carries the detailed performance data of every employee. The Performance Management Module provides monitoring functionality and also contains the following features:
a. Manages all the reviews and feedback to the system
b. Provides necessary notifications to employees

Recruitment Module

Statistics say about 22 percent of employees hired leave their jobs in the first 45 days. The statistics say it all, the hiring process tops the list in the field of human resources. Include a strong Recruitment Module in your HR Software, which provides support for creating a database of the talent who will add to the company’s progress. The recruitment Module helps in creating advertisements, manages applications, administers documents, etc. The module saves time, ensures that there is no repetition of the same process and also provides following features:
a. Application Sorting System
b. Easy entry of the details with different kinds of forms.
c. Configurable user access to various areas of the Application Tracking System.
d. Integrated workflow management system

Fund

The Administration Module manages all the details of a company’s employee benefits including various types of fund which are finance related options.
a. Provident Fund
b. Gratuity Fund
c. Staff Well Fare Fund

Staff settlement

when any staff resigns, retires or terminated by the authority that time his due, debt, ID card and all other assets need submit before settlement. There will be a notification in a specific date for the settlement. Final settlement date will be announced by the organization. Organization will invite to come terminated employee on that specific date with all logistics and assets of the company. The information of leave, promotion, and increment everything will be in the final settlement. Organization will have this facility to entry the final settlement part. They can change the due amount and everything whatever they want. There will be the description of all related aspects like security money, guaranteed check, cash, certificates etc.

Payroll Software Features & Modules in Details

Pay Slip

This module using a structured chart of Accounts. So any person/ company decorate their chart of Account list as how they want. Here are some of the important features this module provides.
a. Create Chart of Account.
b. Create Account(Ledger and Sub-ledger), Receipt payment opening

Salary Sheet

This module will help generate salary sheet automatically with an auto voucher. For auto voucher ledger head comes from chart of account list. Here are some of the important features this module provides.
a. Create Salary Item List.
b. This salary structure designed by employee’s grade-step.
c. Generate Salary Sheet or Create a Salary sheet individually.
d. Create a voucher automatically.
e. Easily printed from Salary Menu.
f. A different salary will avail an employee on provision period till to permanent.
g. Pay slip Email sending facility after making ready salary sheet of an employee.

Account’s Information:

This module using a structured chart of Accounts. So any person/ company decorate their chart of Account list as how they want. Here are some of the important features this module provides.
a. Create Chart of Account.
b. Create Account(Ledger and Sub-ledger), Receipt payment opening

Staff Advance

A cash advance to an employee is recorded with a debit to an account such as Advance to Employees or to Other Receivables: Advances. The credit will be to the account Cash. If the cash advance is expected to be repaid within one year, the account Advance to Employees will be a current asset account. Here are some of the important feature this module provides:
a. Create various types of Advance Item.
b. Create an Employee’s Advance Information.
c. Create a voucher automatically.

Staff Loan

Per industry trend analysis, the traditional loan schemes, including car, home, marriage, personal computer, telephone etc. are not going to create much of a value and would only be a financial burden on small and medium businesses. Here are some of the important feature this module provides:
a. Create various types of Loan Item.
b. Create an Employee’s Loan Information.
c. Create a voucher automatically.

Reports

Easily coordinate your HR and payroll data from various types of reports. Such as:
1. Employee CV.
2. Employee Advance Balances.
3. Payroll Summary Analysis.
4. Employee Loan Balances.
5. Employee Net Pay For Bank Transfer.
6. Employee Branch Joining.
7. Salary Increment History.
8. Employee Transfer History.
9. Employee Promotion History.
10. Employee Leave Status.
11. Appraisal Evaluation.