HRMS, HRIS, and HCM…Confused with
these terms? Then you are not alone! Although top HR experts might differ in
opinion on definitions of HRMS, HRIS and HCM, in a nutshell, these are all HR
related softwares. Although these acronyms are often used together by vendors
and analysts, they are not quite the same type of HR and payroll solutions. If you are planning to invest in these
systems, it is absolutely essential that you understand each and difference
What is HRMS and HRIS?
HRMS stands for ‘Human Resource
Management System’ which is actually an amalgamation of HRIS and HCM. To
understand HR management software,
let us first try to understand what HRIS and HCM is. HRIS stands for ‘Human
Resource Information System’ and its primary role is to manage people, policies
and procedures.The primary features of the hsenid
business solutions based HRMS include the below:
A Recruiting or ATS (Application Tracking
System) and it also mazkes Core Human Resources available.
Benefit Administration or Open Enrollment (OE).
Leave Management System
Compensation Management System
Training and Development
Providing a seamless workflow.
In addition to these critical
functions, an HRMS enables self-service for candidates, employees and managers.
And finally it also does the work of reporting.
What is HCM?
HCM which is the acronym for
Human Capital Management carries out all the functions of the HRIS with the
added facility of Talent Management. This facility in HR management software makes the companies grow with lesser
operating costs and grater profit margins and hence is something to really look
out for. The HCM software usually performs the task of Onboarding, along with
Performance and Goal Management.
An HCM is also known to
accomplish the job of Position Control or Budgeting. The HR software solutions also does Succession Planning and Salary
Planning and handles the working of Global and Analytical sectors. LMS which is
Learning Management System is not essentially a component of HCM, but sometimes
its use can however be seen.
To sign off
Coming back to HRMS or HR payroll software in India, as stated
earlier, it is somewhat the combination of HRIS and HCM; but if its inherent
qualities are to be enumerated, it cannot actually be formed without Payroll
and Time and Labor Mnagement (TLM) as provided by payroll services for India. All HRMS dealers do not offer
If your company needs to leverage
technology for enhancing your HR systems, then it is worth checking into the
competencies offered by Intellika. The
user friendly interface of our HRMS software
India is coupled with a strong suite of insight generation analytics in the
backend. This helps the decision makers to spot trends and patterns in their HR
KPIs and take concrete steps to alleviate any diversions.