How Wallet HR Helps In Managing Core Activities Of HR?

HR software has evolved in the diverse aspects of the organizations to manage their core HR activities. It aids in various HR processes, which include onboarding recruits, time and attendance tracking, control mechanism over data privacy, performance and employee engagement. Wallet HR streamlines HR processes allowing HR professionals to focus on strategic initiatives, which drives immense business growth. The primary eminence of furnishing Wallet HR is to support and manage the core HR activities.

Wallet HR In Managing Core HR Activities 

Hiring and Recruitment

The primary function of HR is recruiting and managing the workforce. The HR department structures the requirements of the company and develop different strategies to recruit the best talent for different roles.It simplifies and accelerates the recruitment process of multiple departments, managing candidate applications, and organizing resumes and profiles in a customized database. It also enables HR teams to streamline their candidate screening, selection process, saving time and effort. Additionally, HR software often includes features like third-party login where the HR team can engage with placement agencies by sharing relevant resumes for specific positions and obtaining updates on the status of those resumes.

Recruitment Onboarding

The cloud based HR software facilitates onboarding through a structured framework for new employees to complete prejoining formalities online well before their date of joining. It also offers pre-defined onboarding checklists, ensuring new hires receive the necessary training, resources, and introductions to key team members. It automates the administration processes and improves the onboarding experience, leading to higher employee satisfaction and faster time to productivity.

Employee Data Management

Wallet HR serves as an adequate control mechanism to keep all the data safe and also act as a centralized repository for managing employee information. It aids HR professionals to store and access employee data, including personal details, job history, and performance records, securely and in organized manner. This eliminates the need for manual record-keeping, minimizes the risk of data loss or errors, and enables HR teams to retrieve information quickly. 

Effective Performance Management

The performance management system plays an important role in an organization’s success. It simplifies performance evaluation by automating performance reviews, goal-setting, and collecting feedback. It enables managers and employees to set objectives, track progress, and provide ongoing feedback throughout the performance cycle. It also includes features like 360-degree feedback, performance analytics, and performance improvement plans, aiding in identifying skill gaps and improving opportunities.

Time and Attendance Tracking

Tracking employee attendance and leaves manually can be a time-consuming activity for the HRs. The use of Wallet HR attendance management software allows HRs to track attendance and schedule shifts in an efficient way so that payroll errors during the month-end due to miscalculation of the employee’s attendance and leaves can be eliminated. It also helps to generate reports and gives real-time analytics data in terms of the total number of people present, late coming and early going of employees across various filterable attributes such as department, location, designation etc.