Human Resource Information System (HRIS)

Definition

HRIS is a software system that helps companies to manage and process employee information. It also aids in managing the company's human resource policies and procedures. Some of the information contained in HRIS is employee salaries, bonuses, benefits, and more. It also helps in tracking aspects like titles, promotions, and vacation days.

Example

BambooHR, Workday, Rippling

Why it matters

With the help of the HRIS system, a company can easily manage, track, and report its employee-specific information accurately and timely. Companies can efficiently connect a well-configured HRIS system to FP&A software. This integration can aid the headcount and personnel expense planning process.

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