Information Technology

Importance of HRMS in IT Industry

IT Industry: In the past few decades, the information technology industry has observed fast growth throughout the world. IT is the broad term that covers many Information Technology Oriented Organization. IT industry in India comprises of software industry and information technology enabled services. IT is a tightly integrated part of business. Computers and information systems are an essential part of every business today. Like accounting and legal, every business needs to invest in technology to compete.

  • Recruitment Planning: Recruitment planning is most important component in people management with special reference to IT industry. HR professionals must deal with human assets, so it becomes important and have good quality of people in the organization. Talent acquisition helps in resource planning. It helps to implement the strategic plan in effective way. It also helps in Position requisition planning in a company. The requisition, usually in the form of a document or online form, holds information about the need for the new position, whether it is a full-time or part-time role. In talent acquisition it also ensures all the activities relates Hiring process, like Candidate Master, profile shortlisting, Scheduling interviews.
  • Performance Management: In IT industry the main challenge is how to measure the performance of employees. The real challenge lies in creating a performance culture that provides opportunities for performance enhancement, where optimum performance becomes a way of life. The process of performance management starts with the joining of a new incumbent in a system and ends when an employee quits the organization. In Voyonfolks provides a feature called Performance management that helps in business goals, Key performance indicator (KPI), Key result area (KRA). Where KPI is a metric and its quantitative in Nature. Likewise, KRA is strategic factor and its qualitative in nature. Voyonfolks helps to rate the employees according to their performance. The most important feature in Voyonfolks performance management is Bell curve correction feature, it helps to identify High performers, Average performers, and Low performers.
  • Training and Development: This is another challenging area in IT industry. We must chalk out a suitable strategy for training & development so that employees are well equipped to handle the challenges in advance. Voyon Folks Learning & Development service aims at improving the ability and skills of employees, including soft skills, it helps them to grow in their careers while the organization benefits from improved efficiency. In the same feature itself we have different parameters to improve their skill. The parameters are Training request, Training Scheduling Training calendar, feedback. The most particular important feature is post training evaluation. It helps to get an idea of what the learners thought of the training, but more importantly, it tells you what is working and what is not. It gives you a valuable insight of the training program from the learner's perspective.
  • Compensation Management: IT industry is one of the high paying industry. This is extremely competitive industry, we must attract best talent, offer best possible compensation package to the employees. Voyonfolks payroll service makes this process quite simple and easy. It offers fully integrated payroll system. Time & Attendance, leave, overtime, allowances, TDS, and many other variables are integrated in a single service making the payroll processing much easier and less time consuming. The service records real-time attendance data from sources such as biometric devices, mobile phones or the in-built ESS portal. The Payroll service helps to manage the leave and keep all leave related data of employees in a centralized location.