Banking and Finance Management System Human Resource Part Iii (Leave Management, Time and Attendance, Timesheet Management, Shift and Scheduling, Claims and Reimbursement)
Vol.3, No.1B
Abstract
Banks are financial institutions that are heavily regulated and play a crucial role in ensuring economic stability by facilitating the flow of money and handling sensitive client information. The banking industry has been adopting innovative technologies and focusing on customer relationship management to improve customer service and gain a competitive edge, attracting new clients. Additionally, efficient and skilled human resources are necessary for managing financial resources and mitigating economic risks. This requires cognitive thinking skills and technology integration to maximize productivity by optimizing employee effectiveness.
The project's proponents utilize the agile methodology, which divides the project into multiple stages, continuous collaboration with stakeholders, and ongoing improvement throughout each phase. The agile approach aims to deliver the right product by providing incremental and frequent delivery of small chunks of functionality through small cross-functional self-organizing teams.
Implementing a human resource management system in banks can help manage personnel activities and organizational features systematically, including collecting, saving, manipulating, analyzing, retrieving, and disseminating data about a company's workforce. The system also aids in the management of all HR data. In addition, useful features such as two-factor authentication, employee history logs, retrieving deleted data, and generating PDF and Excel files are included to meet business requirements and satisfy users.
Adopting a computerized human resource management system has transformed the banking industry by eliminating procedural delays, outdated and inaccurate information, improper documentation, and the high cost of storing files and ensuring their safety. The system has automated processes such as time and attendance, timesheet management, leave management, and claims and reimbursement, reducing costs and workload and creating fool-proof documents and mechanisms.
