The document discusses the key features and benefits of a Human Resource Management System (HRMS). An HRMS combines various HR functions such as payroll, benefits administration, recruiting, training and performance reviews into a single software package. It allows organizations to reduce manual work and efficiently track employee data, including skills, attendance and salaries. Some key benefits include global access, online applications, report automation, improved employee management and satisfaction. The document also outlines features of HRMS including employee profiles, leave management, attendance tracking, payroll processing and loans. However, it notes privacy and security of employee data as potential disadvantages if the system is hacked or accessed without authorization.