HRMS is the database and application, that companies can store basic employee information (such as personnel details, company hierarchy, salaries etc), as well as employees compensation and benefits information, payroll, workforce competencies inventory and an almost limitless range of other aspects of human resources.
HRMS system allows organizations to keep track of employment applications; for example, they might be able to store and review CVs, and search for suitable previous applicants when a new vacancy arises.
One of the major benefits of HRMS is that it offers the organization (or its human resources department) access to visual representations of attendance and leave records, as well as performance history for each of its staff.
It allows organizations to pinpoint employees with particularly high potential, or those who are exceeding their targets. This helps to ensure that management can make informed judgments regarding promotions.