Tag: leave management system

Running a business is very difficult when you have a big-sized company. For sure, you have many employees to monitor their daily activities. Monitoring their daily work is valuable as their salary is based on it, including absences and leaves. Absences and leaves are monitored and recorded in one database called the leave management system.

Functions of LMS

• Leave requests. Employees can apply for their leave, and HR can approve or deny the request through the system. No need to process paperwork for the filing of leave as it can go through the software.
• Leave balances. Employees can be updated on their leave balance and for the upcoming holidays. Although holidays are announced, LMS helps them remember.
• Leave policies. Companies can define leave requirements and also customize the policies for various locations.
• Leave calculations. LMS calculates the leave entitlements and remaining leave balance.
• Compliance. LMS ensures compliance with company guidelines and labor laws, so the company can also benefit from this system.
• Payroll. LMS can help with working accurate payroll calculations, ensuring the time records are accurate

Advantages of using LMS

Aside from the great functions of LMS, organizations can also benefit from its relevance. If you are not aware of the advantages of using this business software, here are they:

• Reduced errors. The automated system of LMS reduces errors, leading to financial losses and penalties.
• Enhanced transparency. LMS creates a framework of transparency and trust between the authorities and employees
• Accruals and carrying over. LMS automatically factors in accruals and carries over annual leave.
• Pre-populated with holidays. LMS comes with applicable allowances and bank holidays.

Features of LMS

LMS is automating the leave request process, making it hassle-free for the employees and management. The solution is powerful enough to handle all the stages involved in the leave management process, such as:

• application
• approval/rejection
• filing leaves
• managing leave balance
• analysis

A good LMS has great features, such as:

• All-in-one dashboard. Employees can check their leave balance and coworkers’ days off while they apply for leave. The HR staff and supervisors have access to the following:
  • employee leave balance
  • holiday lists
  • department schedule
  • workforce coverage
• Configurable fields. The procedures and policies are viewable on the system. The LMS has a one-size-fits-all mantra, suitable for every business’s needs.
• Cloud-based. The cloud-based LMS offers multi-channel and on-the-go access. It removes hassles, such as installations and updates. The employees can take advantage of applying for leave requests 24/7.
• Auto-update leave balance. Purchasing LMS helps HR staff compute and update the leave balance of the employees automatically. The attendance management system tracks the leave history of all the employees and can be displayed to employees and managers.

LMS makes the payroll system of an organization automated and easy.