HRMS 2.0 Pnb: Know all Benefits and Features

The RBI launched HRMS 2.0, a new module that is an improved version of the Human Resource Management System. This system is designed to simplify and automate several areas of the human resource management of the employees of Punjab national Bank. The HRMS2.0 for PNB human resources will also be discussed in the article.

Features of HRMS 2.0 

Employee Self-Service Portal : HRMS 2.0 includes a web component that allows employees to enter and review data. This includes short/long-term leaves, attendance information, and HR transactions. The HR department will have less work to do as the paperwork is eliminated.

• Online leave management:Employees can also apply for leave online and track its status, which means that the organization has approved leave. It also gives managers the chance to review and approve or reject applications for leave in record time.
• Attendance tracking: Self roller: HRMS 2.0 can connect to biometric devices, or any other attendance tools that track attendance automatically. The traditional methods of recording attendance are no longer necessary, as payroll data is recorded in real time.
• Payroll Process:The payroll system allows for the calculation of the salaries due, deductions and statutory emoluments. It helps to avoid mistakes and ensures that salaries are paid on time.
• Performance management:Performance evaluation and goal setting are integrated into the product HRMS 2.0. The employees can set their own goals, monitor their progress and get feedback from managers. This helps to assess both high-performing employees, workers or parts of the business as well as those who need change.
• Recruitment & Onboarding: This system is very flexible and can be used for all aspects of recruitment, including advertising the position, shortlisting candidates, etc. The system also includes a feature to help with the onboarding of new employees, as it provides them with the required information and documents.

• Training & Development: HRMS 2.0 is a tool that can track employee training and development. It can be used to measure training needs, create training plans and evaluate staff performance.

Benefits of HRMS 2.0 to PNB employees

• Increased efficiency:Human Resource Management System v2.0 means that many human resource processes can be handled by computer programs, and therefore take less time. It is a good thing, as it allows HR departments to focus on strategic tasks.
• Increased AccuracyIt checks the entry and processing data, thereby minimising mistakes in payrolls, employee attendance and other human resources information.
• Improved Employee Experience: The self-service portal offers employees easy access and reduces paperwork. The employees’ perception of their company will be improved.
• Better decision Making: The second capability of HRMS 2.0, real-time data and analytics is made available to HR departments in order to help them make better decisions about certain business strategy.
• Cost savings:When imagining what HRMS 2.0 can do for PNB, the costs associated with manual paperwork are reduced.

This work has shown the value of HRMS 2.0 to PNB employees. These tools make the management of human resources easier, more precise, and better for the employees. By optimizing the use of the main HRMS2.0 PNB functions, you can develop the human resources of your organization.