An extensive human capital management software suite can
transform the way a company manages its resources and drive greater efficiency
within the entire organization. Dynamics NAV offers an inventive HR &
Payroll module that supports the processes of calculation and payment of
salaries efficiently. By managing the employee pay files, calculating payroll,
creating bank transfers, exporting data to the National Insurance, and
generating tax returns, this suite can manage employee’s data without any
hassles, reducing errors occurring while doing it manually.
In this article, we will discuss the core capabilities offered
by the NAV HCM software suite.
Quick
information
With the deployment of Dynamics NAV Payroll
& HR, business personnel can look up and analyze information about their
employees and applicants. Interestingly, it ensures easy access to data as well
as a quick overview of the entire workforce.
Efficient
Recruitment
Dynamics NAV HR software suite enables
businesses to maintain a resume database of applicants & employees as per
their skill set and qualification. They can schedule interviews and maintain
reports of interviews, issue interview letters, offer letters, and appointment
letters without any procrastination. Additionally, one can save employee
credentials in the system as an attachment that helps perform a quick check of
available skillset for particular projects. Also, it helps maintain records of
employees on special projects as well.
Leave
& Attendance Management
Leveraging an inventive and exclusive Human Resource Management System offered by
Dynamics NAV, one can eliminate or reduce the manual effort in keeping the record
of leaves, attendance, and payroll processing. Interestingly, it delivers an
easy interface with a biometric system for efficient attendance management.
Moreover, this dynamic software suite helps you in the calculation of overtime.
Also, it is adept enough to calculate the net working hours by each employee.
Employee
Management
Businesses can prepare an appraisal of each
employee using the Balance Scorecard or Key Result Area (KRA). They can do this
by identifying the training needs of each employee, scheduling training, and
measuring the learning curve. Here, Dynamics NAV HCM software offers
flexibility to assign pay cadres based on tenure, work performance, hierarchy,
and grades as well.
Loan
Management
You can customize Dynamics NAV HR &
Payroll Based on your company policy to record different types of loans. Also,
you can record the loan Schedule, loan Deductions, and the details of loan
Repayment efficiently.
Payroll
Management
With the deployment of human capital
management by Dynamics NAV, businesses can process and reprocess payrolls while
taking care of all statutory norms. These may include making salary adjustments;
LOP calculation, arrears payment, bonus/incentive payments, and managing other
pay elements.
On a final note, to gain a competitive advantage and drive substantial
business growth, leveraging the core capabilities along with choosing the right
partner turns to be an intelligent move. An astute NAV service provider partner
can let businesses gain unmatched success, drive higher efficiency among the
employees & within the entire organization, and retain greater productivity
in the long run.
Grab An Inventive HCM To Drive Greater
Efficiency By Writing An Email To info@navisionindia.in
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