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In the Sultanate of Oman the Bank
Muscat is major financial services provider with presence in retail banking, corporate
banking, treasury, investment banking, asset management and private banking. In
any organization the human’s resource management is play main role in the
management of people. The human resource management system in the organization
helps the HRM team to effectively manage the people by using efficient IT
systems. The Bank Muscat being a leading company in the industry now focusing
on the optimization of their processes, operations and the customer services. In
this report, there is a detail analysis of the human resource management system
analysis and design concepts to understand how the organization using the IT in
their daily activities
A Human Resource Management
System is a grouping of processes and systems that link information technology
and human resource management via HR software. A Human Resource Management
System helps the Muscat bank to transform their workplace. The Human Resource
Management System always have a good impact on the employees and it is become easier
for the HR management to manage the employees in the workplace and improve
their overall productivity. There are many of the companies are there that are
now using the Human Resource Management System to improve their overall
operations and process and eventually it help in improving the employees
performance and increasing the productivity of
the employees
Feasible Study
of Human Resource Management System of Muscat Bank of Oman
The Human Resource Management System,
that is introduced would cover all advanced features of technology, by default,
it accumulates workforce and recruitment management systems to increase
efficiency in the business. The Human Resource Management System purpose in the
Muscat bank is to collect different administration processes and human resource
in a centralized position, from where the executive can also allocate tasks, evaluate
and monitor progress, and give reward to the best one in team. Fundamentally, Human
Resource Management System takes Muscat banking a step forward in decision
making improving, and does competitive, lite price
The key feature of the HRM system
that makes it sellable for as follow:
Performance evaluation
Attendance management & Time
tracking
Learning management
Employee scheduling
Applicant tracking &
Recruiting
Payroll management
Reporting & Analytics
Identified Problem
of Human Resource Management System of Muscat Bank of Oman
In the organization the major
issues is to make the operations and processes optimize that would in long run help
the company to have a profitable business. In any organization like Muscat Bank,
the improvement in the process is only possible by improving the performance of
the employees. The Human Resource Management System can help the management to
improve the performance and productivity of the employees by monitoring their
performance, rewarding them, increasing the accountability timely responses to
the problem of the employees that can not only increase the job satisfaction of
the employees but also make them more effective in the workplace
The Muscat bank being a leading companioning
the financial sector it is not very easy to change their processes and the use
of Human Resource Management System also requirement a lot of workforce, time
and cost to implement and on the other side, the employees and HR management in
the company also needed to be trained to understand the process and operation
of the new Human Resource Management System. The Muscat Bank is already using
the e-banking to improve the customer’s services quality and to manage the
process of e-banking the company surely needs a more effective Human Resource
Management System.
Two problems that appeared and
need to be faced from The Muscat Bank in the use of Human Resource Management
System are such as:
Handling payment, salaries, or
payrolls for the employees are the problems in financial sector.
Solution for this problem:
The
Muscat Bank could solve the problems with these steps:
Detail the amount of dependent
relative and payments that every single employee will be requesting, then make
a schedule for the payroll, next, make a method to calculate the paychecks
automatically, then also reserve the accurate number of taxes from every
employee’s paycheck, and last, also folder the tax form.
Unable to manage the appraisal in
the performance.
Solution for this problem:
The
Muscat Bank could solve this problem with first, make conclusions around salary,
promotions and also occupations. The second is identify the expansion
requirements of every employee.
Features of
the Proposed System of Human Resource Management of Muscat Bank of Oman
Some of the features of the HRM
system in the Muscat bank are as follow:
Performance evaluation. The introduced
HR system in the Muscat bank is in the centralized position from where HRM can manage
the employees work, set goals and track progress for team.
Time tracking & Attendance
management. Many of the businesses trigger this function to manage absence, and
validate it not have an affect their regular work line. In the certain
solutions of the HRM system in the Muscat bank will monitor usage and accrual of
sick days and PTO, or offers rules-based devices with notifications and. alerts
Learning management. HRM system are
not all about directing performance and cultivating workforce. What HRM system do
better is to recollect talented players, by offering them an opportunity to study
to develop new process that are more effective? Unnecessary to say, HRM system
can makes team more viable, as top workforces know they will be pleased for the
effort.
Employee scheduling. Using feature
of the HRM system, team effortlessly schedule attendance and shifts, and monitor
the employees like what the employees are time at what time. This might increase
the productivity, improve department’s cooperation, and soothe the bumpy
changes effect in the schedule.
Recruiting & Applicant
tracking. In case of the HRM system the executive can evaluate and store applications,
and perform accurate background check monitor candidates. In the Muscat Bank the
HRM system will might produce tools for access to materials and efficient
onboarding.
Payroll management. It is doubtful
if HR system make sense with no a payroll and benefits management kit, just
because managing payment fees is the most error-prone and tedious part of work
of the HR manager’s. Some of the good systems will therefore offers benefits of
the employee including medical insurance policies, paid time off, and
participation, and also manages contributions of the employee, bonuses, salaries,
and also the health inferences; cuts paychecks and calculates taxes;. The
management in the Muscat bank should monitored whether they are allowed for
direct payments, and if they work harmonized with labor standards and tax rules
valid in area.
Analytics & Reporting. In the
best case, the HR system in the banks will be process the introduced data, and
help succeed all wanted stats without using any app from the third-party.
Alternatives
of Human Resource Management System of Muscat Bank of Oman
The Bamboo Hr system can be an alternative to the HRM system in
the Muscat bank, as it suggests a modern and sleek interface that makes the HR management
work pleasant rather than uninteresting. Some of the key features of the Bamboo Hr system are as follow
Great new employee’s on boarding of Human Resource
Management System of Muscat Bank of Oman
When it
comes to newly recruit employees, Bamboo HR does an unresolved job also. Fresh
hires obtain an exceptional email containing information training and access to
the files system and business brochures that might be appropriate to them. it
can also likely to save the lot of time of the manager as new user can get
their private information to system, and found influences with the employees. Unnecessary
to say, the management can also get to contribute in every conversation, event or
training from the leading moment they login system.
Benefits management and
performance administration of Human Resource Management System of Muscat
Bank of Oman
The most
important question is perhaps about performance administration and benefits
management, where the management team also have numerous positive things. All power
of the administrative is organized in organizational chart and its Employees
tab that can be effortlessly modified. Once assigns tasks administrator in the
chart, staff are informed and can start working instantly. In the same way time-off
benefits and balances are added, for the employee to have a continuous indication
of them
The major
thing management must know is that system not likely to examine performance on annual
basis or 6-months, but associates actions of the individual to every day goals,
deprived of even being activated in doing so. There is matrix of the quadrant-style
conspiracy that uses this material to associate workers and distinguish the top
employee’s performances among them. It is not significant for talented
professionals rewarding and work improving for hires, but also for detecting tendencies
that can improvement the company profit.
The
benefit of Bamboo HR, on the other hand, is benefits administering: the federal
database comprises the each employee benefits and permits the executive to monitor
them no time. There is a general amount of benefit appropriate to all employees
groups, and these are the employees who can modify them upon status update
(marriage, health insurance etc). What is remarkable is the Bamboo HR provides
a adaptable rate health plan, it means that employer can simply monitor even plans
age-based, and automatically calculate the amounts of the variable that the
employees needed to pay. For similar operation, some of the companies can select
third-party agendas that are combined with HR system.
Applicant tracking system
of Human
Resource Management System of Muscat Bank of Oman
Bamboo Hr
makes employee management and hiring significantly easier and is better as
compare with the many of the HR systems. This is typically happens because the elective
system of the applicant tracking. It shows openings of a job in a distinct tab,
where the operator of the software gets to understand all requests, select/eliminate
applications and applicant leads, as they reach. In a comparable way, the HR
management can add new openings of the job with all pertinent details for
example the title, salary, contract type, duration, etc. One method for this is
to practice a drop down menu, when other is to practice the special text editor
of the system and to enhance a longer explanation. When the list is completed and
ready, the operators can segment it on popular job boards or social networks to
validate applicants see them.
Role-based access to
information of Human Resource Management System of Muscat Bank
of Oman
Following
is traditional HR management concept, this well-integrated stage offers
role-based information access. The core statistics in the system are managers and
administrators who are delegating competence in charge to listed users on the
dashboard. It is precisely the people who will be accountable for generating
profiles of the employee and introducing all linked information in groups. The
Employee section in the HRM system is placed next to the sections of the Opening
Job, connecting to the list of tabs for example Files, Reports, My Info, and essentially,
this HRM system makes it conceivable to use account and corporate activities
management from same dashboard that is eye-pleasant
Reporting features
of Human
Resource Management System of Muscat Bank of Oman
The reporting capabilities cherry on top description. With the reports the standard Equal Employment Opportunity, the management of the HRM can use HRM system to pull out profits reports. The reports are depends on the files categorized and stored in the database that is virtual, and will mechanically consider and summarize all of the applicable taxes. Impartial like all of te important Bamboo Hr operations, reporting of the HRM system can be done by using the a mobile device of the management in the organization.
Criteria
for Selection of Human Resource Management System of Muscat Bank of Oman
Cost
benefits analysis of alternatives of Human Resource Management System of Muscat
Bank of Oman
Cost benefit analysis consider a
tool in the management of the project. It helps in evaluating the cost and
benefits of the project. It also include payback period, net present value,
internal rate of return and return on investment. The difference between cost
and benefit determine with different methods that help to determine how much
cost and benefit favorable for the organization. In project management, the
purpose of cost benefit analysis is to have a systematic approach that
determine the positive and negatives effects of different methods including all
the tasks, transactions, investment and business requirement. Cost benefit
analysis provide the best approach to obtain its target with the most saving in
investment. Its helps in offer the project’s benefits are more than its cost by
comparing different projects
The input design of the
information system which going to be implemented in the human resource
management system, must be consider with great care because many important must
be consider while inputting the data. The input of human resource management
system include employees related information for example experience, training,
education, present salary, present status, the policy of organization, its
procedures, and other necessary information must be consider while input the
design of the system. The reports are depends on the
files categorized and stored in the database that is virtual, and will
mechanically consider and summarize all of the applicable taxes. The
management have more than one information system which can be applied in the
human resource management system but first we have to determine which system is
most suitable for bank and the given questions must be gathering to take better
decision in selection
All the basic information related
to human resource management must be important to collect and save for the
future need of the organization. Data in the form of raw must be collected from
files and enter through computer systems the proper check and balance must be
consider related to information to determine whether it is correct or not. The
computerized system of human resource management is very important as compare
to manual system that takes too much time and also not enough cost effective.
No errors can be found in the human resource management system with smooth
information system. It provides the information as soon as possible whenever it
is required by the organization and provides assurance of data security.
Output
design of Human Resource Management System of Muscat Bank of Oman
Output belongs to the results of
input data in different forms. The data must be available in usable form so
that it can be used at any time at any place. Many transformed material can be
obtain like salary statement, average
cost of production of goods, budget estimate, report on performance of an
employee and cheques to be issued to the parties. It works as supportive
decision system that provides high quality information that must be accurate,
comprehensive, readable, consistent and relevant. Output design of the system
must be clearly explain that what sort of information they are going to provide
to their users. Output designs must be prepare carefully as it provide the
solution of problems happen within the organization and all the results depend
on the output of the system. The system is going to be more effective when both
input and out designs are work effectively and they are provide best results
for the system because in human resource management system, if the input goes
wrong then its output automatically goes wrong and the overall system going to
show an error and effect the credibility of the organization due to poor system
input or output.
Conclusion
on Human Resource Management System of Muscat Bank of Oman
Summing up the discussion related
with the HRM systems in the Muscat bank, it can be said that the human resource
management system in the organization helps the HRM team to effectively manage
the people by using efficient IT systems. A Human Resource Management System
helps the Muscat bank to transform their workplace. There are many of the
companies are there that are now using the Human Resource Management System to
improve their overall operations and process. Fundamentally, Human Resource
Management System takes Muscat banking a step forward in decision making
improving, and does competitive, lite price. The Human Resource Management
System can help the management to improve the performance and productivity of
the employees by monitoring their performance, rewarding them. The Muscat Bank
is already using the e-banking to improve the customer’s services quality and
to manage the process of e-banking the company surely needs a more effective
Human Resource Management System. This might increase the productivity, improve
department’s cooperation, and soothe the bumpy changes effect in the schedule.
it can also likely to save the lot of time of the manager as new user can get their private information to system, and found influences with the employees. It is not significant for talented professionals rewarding and work improving for hires, but also for detecting tendencies that can improvement the company profit. For similar operation, some of the companies can select third-party agendas that are combined with HR system. One method for this is to practice a dropdown menu, when other is to practice the special text editor of the system and to enhance a longer explanation. The Employee section in the HRM system is placed next to the sections of the Opening Job, connecting to the list of tabs for example Files, Reports, My Info, and essentially, this HRM system makes it conceivable to use account.
Recommendations
of Human Resource Management System of Muscat Bank of Oman
By analysis the HRM systems in
the Muscat bank, it is recommended for the company to;
It is recommended to the Muscat
bank to adopt the more suitable HRM system to handle all of the operations and
the employee’s management in the organization because it in the long run can
help the company to increase its overall productivity.
The design of the Muscat bank
HRMS should be very user friendly so that the management of the company would
not have any difficulty in the management of the employee’s records and
tracking their performance and productivity in the company.
It also very important to make the
secure and safe HRM system, because in this system all of the private and
personal data of the employees is saved and if the system is not secure the
data can be used for the wrong purposes.
References
of Human Resource Management System of Muscat Bank of Oman
David. Guest, 2002. Human resource management,
corporate performance and employee wellbeing: Building the worker into
HRM.". he journal of industrial relations, pp. 335-358..
DuBois,
C. L. & & Dubois, D. A., 2012. Strategic HRM as social design for
environmental sustainability in organization.. Human Resource Management, , pp.
799-826.
Michael
J. Kavanagh, M. T. R. D. J., 2011. Human Resource Information Systems:
Basics, Applications, and Future Directions: Basics, Applications, and Future
Directions. s.l.:SAGE, .
Mukherjee,
J., 2012. Designing Human Resource Management Systems: A Leader's Guide. s.l.:SAGE
Publications India, .
Reed,
S. M., 2019. PHR and SPHR Professional in Human Resources Certification
Complete Study Guide: 2018 Exams. s.l.:John Wiley & Sons, .
Robert
L. Mathis, J. H. J. S. R. V. P. M., 2016. Human Resource Management. s.l.:Cengage
Learning, .
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