Technology is revolutionizing the world, then why not leverage it to boost your business? Organizations have started to adopt different software to simplify functions. Over time, various software have been developed to facilitate HR functions.
Why is HR software needed?
Even today, Human Resource specialists have to spend too much time on mundane work. A study suggests that HR professionals spend 41% time on transactional work, 40% on finding talents and only 19% on the workplace. Tasks such as transactional work and talent search can be done through software. HR expertise can be leveraged for more critical tasks such as conducting interviews and improving workplace culture.
What does HR software do?
– Optimize HR tasks, goals and workflows
– Improve efficiency within the workplace
– Allow for a better allocation of time and resources
– Provides reports and analysis for better decision-making
– Manage expenses
– Maintain records of documents
– Track applicant’s status and employee growth cycle.
Benefits:
1. Enhanced efficiency:
The first benefit you will observe from the moment of launching the software is the improved efficiency of the HR team. The software can do transactional tasks such as completing annual performance reviews, approving leaves, managing absences, and generating salary slips. This leads to error reduction and speedy work.
2. Time savings:
HR software saves a lot of tasks by digitizing and simplifying routine tasks. For example, with HR software, employees can access many details on their own, such as past salary slips, list of holidays, number of leaves left, missed out punch, etc. The software also automates tax and salary calculations, saving a lot of time.
3. Helps overcome silo mentality:
The Human Resources department is actively engaged with all departments of the organization. It also means that they receive sensitive information every day. Therefore, it is easier for HR professionals to get trapped in a silo mentality. HR software breaks this silo mentality by creating a single platform for information sharing and collaboration. Everyone can view employee data, evaluate it and make evidence-based decisions. In a nutshell, it improves the organization’s environment by bringing complete transparency.
4. Saves cost:
HR software is a one-time investment that you will never regrate. Cloud HR software has annual subscription costs. The software can save tremendous costs by enabling you to redeploy the HR team for more strategic work. Also, it increases data accuracy, reducing costly errors that might burn a hole in your pocket.
5. Consistent data update:
In larger organizations, the workforce is constantly rotating. Every week, some new employees join the organization, while some leave. In such a situation, the organization need to dedicate special resources to update data. In addition, other data such as employee’s address and years of experience also needs to be updated. HR software automates these functions and allows employees to update their data. They can upload their identity proofs on this software. Thus, it makes the complex data update process simple, fast and hassle-free.
