Should my company be using an HRMS solution? How will it change the way my current Human Resource works?
Well, these are the top 2 questions most business owners from SMBs have been talking about. As an SMB, you might have other major aspects to focus on, like; increasing the profitability, expanding your business, enhance the current customer satisfaction level. And all of these have cost and effort associated, which barely leaves a scope to invest in any business automation tool or software.
Yes, the business owners are well aware of the need for an HR automation; which will increase efficiency in the HR works and enhance employee’s satisfaction, but an additional investment!!!
It can be quite a task to introduce new HRMS solution in your company, but not that this will benefit the entire organization and increase revenue (which will eliminate the cost invested). As your employees will benefit from the new technology, the business in return benefits from increased employee satisfaction and higher productivity, resulting in additional revenue.
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Coming back to the question on what can an HRMS do for my business or should my company be using any such solution? Here is what you need to know about…
Combining the Human Resource responsibilities with an HRMS software will save your business time and money. This automation will allow HR professionals and business owners to do what they do best: build high performing teams.
Today, Human resources aren’t just the back office with mountains of paperwork anymore. With the evolution of Internet and technology, the Human Resource has totally changed to a tech savvy department. Today, they advantage of the cloud-based HRMS software’s to recruit, time & attendance management, conducting onboarding and offboarding jobs, managing compensation, medical and much more activities, at ease.
Let’s dive in a little deeper to see how HRMS can benefit your HR department.
1. Payroll Management
Ahh! One of the major headaches of HR department is payroll management. Employees have to submit holiday requests. Managers have to track staff benefits, work scheduling, monitor time clock and ample other monotonous tasks.
A modern cloud-based HRMS solutions will keep HRs compliant while managing pay schedules, work time and overtime calculations, payment/salary schedules, and much more.
2. Performance Management
One of the major & important job role of Human Resource department is to assess the employee performance; which could involve endless paperwork’s and lot of time to gather information’s.
A cloud-based HRMS solution takes the time out of measuring employees’ performance, benchmark, and goals, real-time. Gathering information and analyzing are done in a fraction of second. Often leveraging the in-built dashboard and reports.
3. Increased Employee Engagement
Isn’t lack of employee engagement a concern? HR’s have now learned that employee engagement is the key source to get competitive advantage. Furthermore, employee engagement drives high levels of customer satisfaction, knowledge sharing, business agility, profitability and much more.
With an agile HRMS solution you can take competitive advantage and in just a matter of minutes, you can send pounding survey to collect feedback and how the company can serve them better; further increasing employee engagement.
4. Ease in onboarding & offboarding
Before the modern HRMS technologies, onboarding or offboarding an employee included tons of paper work, lengthy background check and never-ending documentation.
HRMS solution makes the onboarding and offboarding effortless and seamless by consolidating paperwork’s and other documentation jobs into a single digital solution.
5. Less Paperwork
Gone are the days of storing employee records in file cabinets and storage rooms. Do not forget the crazy search that comes with it every time a certain file is needed.
With the HRMS solution, all files and documents can be stored securely over the cloud space with applications like Google Drive or Dropbox. Because it’s all digital, you can search for files in a fraction of second.
6. Your HR at the forefront of competition
With the HRMS solution, you can bring the Human Resource department up to speed as a strategic department. Perhaps the biggest impact of an HRMS solution is its ability to close the gap between the HR and rest of the organization.
Thanks to the modern HRMS solution. Today, the HR department is at the forefront improving employee engagement and creating a winning workplace culture.
In conclusion, today, having a cloud-based HRMS solution in place is literally becoming the standard. Using this technology, you will be able to help your business function get automated and increase competence. If you do not have a cloud-based HRMS solution already, you’re behind the curve.
