Human Resource Management
An area of knowledge and practice aimed at timely provision of human resources and optimal employment of human resources. Typically HRM-systems support the following functionality modules:
- Compiling paysheets;
- Controlling working hours and the type of work performed;
- Managing the perks system (medical insurance, social security contributions, participation in company’s profit sharing, options for the company shares);
- Human resource management as such (information about age, family status, place of residence, qualifications, participation in the projects, training).
Human resource management systems are often integrated into large-scale systems for enterprise resource planning (ERP), where they supplement the modules of financial planning and capacity requirements planning (CRP).