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| HCM Solutions: Energizing Tomorrow’s Corporations |
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Industry leaders of tomorrow recognize that the business case for HCM Technology investments, going forward, is about being the best at solving “breakthrough” HCM problems. A new class of solutions and services are essential for being “out in front” of these game-changing issues, and meeting the new demands on HR – making HR play a more proactive & defining role in achieving business objectives.
RAMCO OnDemand ERP HCM & Payroll Solution today is the result of 10 years of Ramco’s experience in the international HRM Application space with, |
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Based on Ramco VirtualWorks, Ramco OnDemand ERP HCM provides companies with the flexibility they need to rapidly respond to evolving corporate policies, regulatory changes, and market conditions.
It handles the employee life-cycle in its entirety. Every implementation of Ramco’s OnDemand ERP solution carries the influence of policies/statutes that arise from regulatory, industry and organization-specific environments. Process beds under these streams include: Workforce Management, Staffing, Attendance Management, Employee Development, Compensation & Benefits, Taxation, Loans & Advances and Planning.
Salient Features of Ramco’s OnDemand ERP HCM solution are, |
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Web Based Nature, Data Level Security |
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The scalability of the solution |
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Rule based Nature and Configurable workflow |
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Centralized, Decentralized, Mixed deployment models |
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Flexibility in Recruitment, Hire Request based Recruitment |
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Flexibility in Leave, Employee Cost Tracking |
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Payroll Readiness Checks and Payroll Exception |
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With Ramco OnDemand ERP HCM solutions, you would be soon hosting an environment that breeds efficiency & excellence. |
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Organization and Calendar Unit Set Up
Leave and Payroll calendar set up
- Detailed with public holidays and other definitions
- Allowing inactivation or activation
- Facility to specify holidays flexibly
Normal and customized Time table set up
- Specification of half a day working etc., in weekly off
- Facility to provide information on work and break timings
Entity or Department Set up
Mapping cost center to Entity / Department
Masters
Scale
- Facilitates to activate and inactivate the scale for usage
Defining Scale values
- Lower, increment, upper and midpoint values for the scale with rated frequency
Grade
- Grouping of Employees
- Allowing inactivation or activation of the grade
- Map a scale to the grade
Grade and Work Location based salary structure specification
- Pay element values for the grade and work location combination and their periodicity and variability at employee level
User Definable Quick codes
- Specific preset values for certain process variables facilitating easier usage of these values
Job Definition
- Specify attributes including description, level, family, classification and grades
- Inactivation and Activation of the job
- Terms and Conditions of the job
Position definition with a default Job and Department combination
Employee Induction and Compensation
Employee Creation
- Capturing basic employee information like name, DOB etc.,
- Amendment of the record for Changes
- Automatic employee code generation based on multiple numbering types with different prefix and suffix
Employee Additional Information
- Recording information of family members, educational qualifications and previous work experiences
- Recording Physiological and identity related information
- Recording salary payment details
Employee Assignment to Job
- Amending the assignment information for purposes like Transfers
- Recording Employment Terms and Conditions like notice period etc.,
- Work Pattern to handle rotating shifts and shift changes
- Employee work pattern Mapping
Employee Compensation
- Input employee basic salary and the frequency of rating and payment
- Input other pay element values for employee
- Default pay elements of the grade and work location combination to the employee
Employee Separation
Capture details including date of separation initiation, initiator, last available date, employee reason and employer reason for separation and eligible for re-hire
Exit interview details
Employee Self Service
- Application for leave, attendance and time booking
- Pay slip printing through employee self service
- Facility to authorize or reject application made for leave, attendance or time booking
Leave
Leave Type Set up
- Specifying the attributes of the leave like payable, entitle units - minimum and maximum
- Providing different types of leave entitlements at employee or grade level and Leave carry over of one leave type as another and carry over leaves on a predefined ratio
Leave application - apply, cancel, reject and authorization of leave
Leave Encashment
Time Management
Attendance Booking
Loans and Advances
- Maintaining loans masters specifying interest rate, minimum and maximum installments etc.,
- Eligibility rules for the loans and advances master and documents required for the loans or advances
- Application, Authorization and sanctioning of the loans or advances
- Automatic calculation of interest and installments due for the loans or advances
- Loan or advance repayment schedule and facility to amend the installment amounts
Payroll Definition
- Pay element definitions with classification of the same as earnings, deductions etc.,
- Provide account codes to be used when making financial postings from HRMS
- Specify dependent pay elements where one pay element value is dependent on another pay element
Pay Set
- Mapping pay elements and pay set where the attributes of the pay elements in the pay set are defined like
* Recurrence
* Taxability
* Projection for Taxability
* Processing Frequency
* Loss of Pay
- Mapping employees to pay set
- Set Exceptional Values
* Exceptional values of pay elements with respect to employees
* Exceptional values of pay elements as such
- Financial posting of salary accounting and salary payments
Payroll Processing
- Process payroll
- Authorize payroll
- View processed payroll details
- View employee wise payroll details
- Scheduled payroll processing
- Account for Salary Expense
- Salary payment and authorization with hold and resume options
Employee Taxation - India
- Provision to Capture various deduction details like 80C, 80CCC, 80D, 80DD, 80E and 80U
- Providing House Rent Details
* Automatically picking HRA element for tax computations
* Specifying the city of residence and the rental details
- Information on Other Income
* Information on various other sources of income that are considered for tax deduction
- Previous employment Details
* Income earned, tax deducted and other details related to the previous employer
- Automatically picking PF contribution for tax computation
- PF statutory Report
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| To know about the major pain areas our Human Resource Managment Module can solve, See Demo |
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