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As businesses evolve rapidly through digital transformation, the shift from traditional HRMS to cloud-based, AI-driven solutions is revolutionising HR management. These fully parameterized off-the-shelf systems help organisations stay resilient while managing their human resources more efficiently.
Imagine you are a resident of Kerala saving through KSFE's chit system. After 12 months, you can manage your chitty activities, track contributions, and view real-time updates online via the KSFE HRMS portal. With features like payroll automation and shift management, KSFE makes financial services both easy and efficient.
KSFE is a major financial service provider in Kerala that leverages technology to offer high-quality services and products. The organisation is committed to supporting the Kerala government, particularly in helping underprivileged communities access financial services. Additionally, KSFE aims to implement social responsibility initiatives, such as educational support for students in Kerala, which will positively impact society.
KSFE (Kerala State Financial Enterprises) is a government-owned financial company, initiated in 1969, which offers services such as home loans, vehicle loans, and chitty schemes. Being an entirely state-owned body of Kerala, it helps people fulfil their financial needs.
KSFE provides an alternative to private chit organisers. Its mission is to offer safe, reliable financial options to the public, particularly focusing on chitty schemes as a government-sponsored alternative.
Here are the features of KSFE’s HRMS:
HRMS Feature | Description |
Performance Management | Records employee performance, sets goals and tracks improvements to foster a development culture. |
Payroll Management | Automates payroll calculations, taxes, and deductions, and generates payslips and tax statements. |
Here’s the explanation of each KSFE HRMS service in a table format:
Service | Explanation |
Employee Insurance | Manage and facilitate employee insurance plans to ensure coverage and benefits for employees in case of health or life-related incidents. |
Custody Management | Keep track of the custody access of employees towards assets belonging to the organisation, like equipment and documents, ensuring proper accountability. |
Implement a multi-level approval system where requests or actions go through various levels of authorisation before receiving final approval.
Simplifies recruitment by parsing resumes and creating employee records. |
Time & Attendance | Monitors attendance, working hours, and shift scheduling in real-time. |
Training Management | Schedules training sessions, gathers feedback, and assesses training effectiveness. |
Cost Reduction | Reduces costs by minimizing errors and optimizing workforce management. |
Overall | HRMS is a cost-effective solution for businesses of all sizes. |
Advance Salary
Provide employees with the opportunity to use a portion of their wages before the actual payday through salary advances. |
Disciplinary Tracking | Track employee behaviour and document any disciplinary actions taken based on company policies. |
Managing Employee Shift | Schedule and handle the duty shifts of employees, ensuring coverage across different shifts while tracking work hours. |
Employee Background Check | Check employees' backgrounds before hiring or periodically to verify their credentials, work history, and criminal records. |
Loans Administration | Handle and track employee loan applications, disbursements, and repayments within the organisation. |
Leave Request Alias | Manage employee leave requests with automated systems for approvals, tracking, and reporting for all types of leave (sick, vacation, etc.). |
Multi-level Approval |
*T&C Apply
The KSFE Power app has a host of features that help a user manage his or her chitty and register customers:
Here are some common problems with HRMS systems:
Here is a table summarizing the key tips for using KSFE HRMS:
Also Read - SPARK Kerala
Category | Tips |
Login and Access | Keep login credentials secure. Ensure accurate login details and follow security protocols. |
Profile Management | Regularly update contact, emergency contacts, and bank details. Upload required documents like passport-sized photos and certificates. |
Leave Management | Understand leave types and eligibility. Apply for leave in advance, attaching supporting documents. Monitor leave balance to avoid excess. |
Document Submission | Submit medical certificates, travel claims, and other documents on time. Follow the prescribed format for submissions. |
Payroll and Payslip | Review payslips regularly to check salary and deductions. Report any discrepancies to HR immediately. |
Communication and Support | Use HRMS communication tools for policy, leave, or other queries. Attend training sessions or review tutorials for better system use. |
Important Considerations | Stay informed about system updates. Protect personal data and respect privacy. Follow company policies and procedures. |
The contact details for the Kerala State Financial Enterprises (KSFE) HRMS are as follows:
Office number: 0487-2337711
Conclusion:
In a nutshell, KSFE HRMS and the KSFE Power app deliver a complete suite of services for both employees and customers. The HRMS system has features such as performance management, payroll automation, and shift management to help operate the organization with more efficiency and at less cost to manage the workforce. On the other hand, the KSFE Power app has simplified chitty management by having features such as monthly remittance tracking, proxy submissions, and real-time access to investment details.
Q1: What does "Sala" in a Chitty mean?
The total sum of all subscriptions payable by all subscribers for any installment of the chit without any deduction for discount or other charges is meant as "Sala." It is actually more popularly referred to as "chit amount."
Q2: What is a proxy in a Chitty?
The concept of proxy in chit allows a subscriber to bid in KSFE Pravasi Chitty auctions staying away from the actual chit auction premises. On the system's initiative, it will call him up. A video guide teaches subscribers how to add and manage proxies through the application.
Q3: What are the three types of proxies?
There are three primary types: transparent, anonymous, and elite proxies. They all give different levels of anonymity and safety.
