25Oct
Payroll Services or Payroll Solutions

The Difference Between SaaS Payroll Management and Payroll SaaS Platform Solutions

confluxhrBest HRMS Software

SaaS is expected to be the next big thing in 2022, and there is plenty of data to support this. A SaaS model for HR management in your firm makes it much easier and more automated.

SaaS Solutions can simplify your complex day-to-day HR operations.

However, there is a fine line of between ‘Payroll Software as a Service’ and ‘Payroll Service as a Software Solution’.

Before delving into the distinctions between Payroll Management Organizations and Payroll Management Platforms, let us consider the advantages of a SaaS approach.

What Are the Primary Advantages of HR SaaS?

  • Rapid Program Deployment with Minimal Risk Mitigation
  • Lower Initial Investment
  • No Additional Hardware Requirement
  • Reduced Internal Staffing Needs
  • Excellent dependability, cloud security, and privacy settings that can be customized
  • Increased Productivity/ROI with a Lower Total Cost of Ownership (TCO). i.e. less than Rs. 50/month per employee
  • Increased Software Scalability to Meet Changing Business Requirements
  • Faster Time to Value

Payroll Management Service as a Software Organization

A service provider uses software to deliver managed services such as payroll processing. The consumer pays for the service and has the full payroll management function outsourced.

This situation is similar to getting your clothes dry cleaned rather than doing it yourself.

The key distinction between your Payroll Consultant and “Service as a Software” is that the software intends to do most of the consultant’s work, eliminating the need for them.

However, the Service Model of external Payroll Management Organizations has some limitations, such as:

  • Control Issues
  • Concerns about data security and privacy
  • Applications are limited.
  • Requirement for Server Connectivity

Software as a Service Payroll Management Solutions

A service provider in this scenario provides you with access to a platform. Your HR Department can use the software to automate your essential HR procedures. You rent software instead of purchasing it.

It’s similar to renting a washing machine to do your laundry. You are responsible, but the machine makes the job easier than hand washing.

The Components of an Excellent SaaS Payroll Solution:

  • Management of Recruitment and Onboarding
  • Management of Leave and Attendance
  • Portal for Employee Self-Service
  • Management of Performance
  • Graphical Reports that are Correct
  • Strong Security

What About ConfluxHR’s All-In-One HRMS Platform?

ConfluxHR has been in this market for quite some time, providing the ideal answer for your business. We not only assist you in processing proper payroll each month but also aim to automate your core HR processes.

Performance management, onboarding management, exit process management, and leave and attendance management modules are built into our platform, using which you can seamlessly manage your employees.

With ConfluxHR, Say Goodbye to Tiresome HR processes, For Free*!

*T&C Applied

18Oct
HRs Contribution in A Business Transmission

Hiring, Firing, Payroll and Beyond- HR’s Gospel

confluxhrHR Challenges

For some correctional personnel, a payroll officer, and some firms a communicator, HRs are perceived as several other resources but HRs. Ask any HR what’s the most challenging part of the job, and the answer will be somewhat around the myths about HR’s contributions!

As we head to the modern corporate landscape, we realize the value of an HR’s contributions. They are the making and breaking factors for an organization. From employee engagement to employee productivity, they optimize businesses in every possible way. Indeed, we do not know much about HRs and what a day in an HR’s life looks like!

However, you have landed at a place that will enlighten you about his role in business transmission.

Do HRs hire and fire?

Well, yes, they do! The crucial duty of an HR is to manage human resources and optimize the business’s productivity. Therefore, it is a part of their job to evaluate employees’ productivity and take measures to optimize them for the best profitability of the organization.

But if you ask me where it is their only job, then the answer will be a NO. They are responsible for several strategic aspects of resource management, like employee engagement, performance evaluation, learning, development, etc.

How can HRs contribute to business transmission?

If you want your human resources to align with your business, you need a responsible HR who knows her job well. Why? Simply because HRs can optimize workforce productivity with a few strategic moves.

From employee upskilling to accurate performance evaluation, they can bring a world of difference to your business process. After all, we always bet on human resources, and human resource managers have a significant role in managing them.

Human Resource Management Challenges

HRs are meant for more strategic functions than being stuck in unproductive piles of paperwork. Most organizations confine their HRs to paperwork, payroll processing, and leave and attendance management, which can be easily automated by leveraging the latest technology.

However, it is ultimately a company’s call to utilize the HR wing for transmission or get the paperwork out of their way!

By now, if you have realized how imperative HRs’ contributions are to meet organizational goals, you can sign up for a valuable try altogether with ConfluxHR. It is a platform that aims at freeing up HRs from monotonous activities so that they can bring the much-awaited optimizations in the business process.

17Oct
Global HR Trends Beyond 2025

What Are The Trends That Will Change Global HR in 2025 and Beyond?

confluxhrHRMS

Before we dive into the future of HR Trends 2025, let us consider the existing situation of the HRM Industry:

Increased Outsourcing

Because of modern HRMS Platforms and the resulting employee independence, in-house HR departments are shrinking in size. Employees are doing much more on their own, thanks to self-service portals.

Specialists now handle many roles that used to be handled by the HR department. These professionals also include specialized HRMS Platforms like Conflux HR, which may streamline transactional duties like payroll and engagement management.

Core HR Competencies Have Changed

CHROs are now much involved in forecasting as well as comprehending long-term organizational goals. A metric analysis is also an essential component of basic HR operations.

Global HR Trends to Watch in 2025 and Beyond

Covid-19 has pushed HRs to reconsider all of their previous ‘best practices.’ The business environment is unlike before, and most projected trends have vanished.

To accurately assess the future, existing HR executives must understand everything they can about the industry, rivals, and business processes.

Remote working methods

With the rise of remote working, the new HR must adapt to a more diversified work environment. Training and development will become much more tailored and accessible via distant devices.

AI and Data

Despite fears that AI will replace humans, HR will benefit greatly from this technology. Furthermore, HR Chatbots may use conversational interfaces to evaluate and arrange people-centric data for seamless attendance tracking and payslip preparation.

Culture of Inclusion and the Gig Economy

In contrast to long-term occupations, the gig economy is based on short-term contracts or freelancers. This is growing more common in every industry throughout the world.

As a result, HR will need to rethink its current procedures to foster a more inclusive and varied culture.

Analyzing People

Global organizations also recognize the need to use data to:

  • evaluate recruiting techniques
  • detect skill set gaps
  • evaluate the supply and demand for talent

Many businesses are now focused on Predictive Analytics. HR no longer inquires about what happened or about why the event occured. The HR is now focusing on answering queries like “what will happen?”

Employee Knowledge

Organizations are redesigning traditional employee engagement tools to give employees a competitive advantage.

Concentrate on Cybersecurity

To address issues such as data confidentiality and employee privacy, new cyber security and WFH will develop trends to watch in 2025 and beyond. HR leaders’ KPIs will also change as they follow more strategic change management standards.

In the near future, HR will have ample time to focus on corporate values due to technological improvements and automated processes. ConfluxHR is one such HRMS platform that focuses on streamlining your core HR operations, which include everything from recruitment management to exit process management.

14Oct
Payroll Management System

Why is HR and Payroll Management Necessary for Entrepreneurs?

confluxhrHRMS

Payroll processing is one of the most significant and complex business operations. Every Entrepreneur aspires to be as efficient and successful as possible. Thus, a corporate entity must thoroughly understand payroll.

Entrepreneurs, in particular, must be mindful of this to deliver maximum pleasure to their staff and address their problems.

What Exactly is Payroll?

Payroll is the process of paying an employee’s wage in exchange for his contribution to the organization’s growth. It begins with the compilation of a list of paid personnel and concludes with the recording of expenses.

It is a sophisticated procedure that requires coordination from multiple departments, including payroll, human resources, legal, and finance. On the other hand, businesses can manage compliance issues at all levels by adopting cutting-edge technology.

In addition, a payroll cycle is an interval between two salary disbursements. Depending on business demands, salaries may be paid weekly, quarterly, or monthly. It is usually paid once a month in India.

Let us tell you more about the payroll processing of a business and how you may properly manage your company’s payroll.

HR and Payroll Management

An HR and Payroll Management System allows a corporation to keep track of its employees’ wages. The wage structure includes employee salaries, allowances, deductions, and net payouts. It also handles pay stub generation.

Payroll software can automate intricate computations. These computations are usually performed manually. A thorough payroll management system can save your company from costly compliance concerns.

The best performance management software(s) records an employee’s performance data. As a result, it supports businesses in acquiring a clear image of their employees’ performance and skills.

In addition, it also enables the management to arrange training based on the needs and requirements of each employee. This employee performance assessment can be useful for planning and general productivity enhancement.

The HR and Payroll Management System helps businesses reduce the number of individuals manually tracking attendance, salary, working hours, and income taxes, among other things. The repetitive nature of payroll duties might lead to boredom, leading to an error. As a result, enhancing your business process is always a smart idea. This is usually done so that reliable data is provided at every step.

Why is Payroll Setup and Processing Necessary?

Data security regulations are often rigorous. Employee information is maintained as private as possible, as evidenced by the many administrative and access privileges levels. It also provides employees with information on salary reductions.

Effective payroll processing also provides a thorough image of the company’s position in the market, which is necessary for a financial assessment. In the case of wage appraisals, simple calculation software may give the firm the full financial impact of such information.

In most cases, modern payroll systems, such as ConfluxHR, are as cost-effective as remote cloud options. The company only requires active registration to keep the database up to date. Employee payroll management systems by ConfluxHR are entirely free to use and can save your company a lot of money.

 

12Oct
How-to-recruit-top-talent

How Can You Find the Top Talent for Your Business?

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Assume a situation where you want to recruit the best talent for your company. Furthermore, you’re overjoyed since you’ve met someone who meets every requirement. You go through three rounds of interviews and are satisfied with the results.

However, mistakenly, you proceed with a rejection letter that says, “Thank you for your time, but we’ve selected another candidate we believed was a better fit.”

This frequently leads to the question, “How can I seamlessly manage candidatures?” Also, how can I keep track of the interview status? Countless job HRs have been bothered by this question.

So, how can you figure out what the best practices for recruiters are? Furthermore, once a candidate has been chosen, how can you confirm that he is among the top candidates you’ve chosen?

Here are five straightforward yet efficient tips to help you hire the best talent!

Ensure That the Individual is Capable of Performing Fundamental Work Duties

Examine the individual to see if they can meet most of the job requirements. Consider a regular day and how you would feel if you had to deal with those duties.

Does your candidate have experience authoring industry-specific materials if the work demands good writing abilities?

Is your candidate interested in such tasks? Consider their abilities, but keep in mind that he does not need to be a master of every notation on the job description.

Don’t Get Too Focused on Just the Specified Talents

Your candidate should have most of the essential skills, although there is some leeway here.

For example, if the job demands ten years of management experience, you should not automatically reject an applicant with only seven.

Also, don’t be too concerned with the preferred talents area. These lists cover necessary, yet replaceable skills. Make a note of them if your candidate has them. If not, disregard them.

Replace Any Necessary Talent With Transferable Skills

Is your prospect inexperienced but eager to apply for a specific position? Concentrate on their transferable skills.

Connecting the dots between experience and what the position requires is critical. Even if your candidate lacks experience, he can demonstrate how to handle a certain role using transferable abilities.

Ensure That They Are Self-Assured and Communicate Effectively

Why do less qualified candidates outnumber more qualified candidates? Because they exude confidence and determination. Employers must hire the best talent. The enthusiastic person about the job will present additional positive vibes to the table.

Before the interviews, align all of your recruitment and onboarding processes.

To successfully hire top talent, you must be properly prepared. It is vital to have a ready recruitment system.

A candidate is drawn to automated processes. They also significantly shorten the processing time for the HR department. A computerized complete HRMS platform can handle your time-consuming HR processes!

An HRMS platform can assist you in creating a list of questions and automating the interview scheduling process. It can also notify the applicant of the status of their application. An effective onboarding management system handles all legal and binding steps for efficiently distributing workplace needs and gadgets.

As a result, adapting to a comprehensive HRMS platform, such as ConfluxHR, will be critical beyond 2022. Only then will you be able to recruit and retain great employees effectively!

30Sep
Strategic Human Resource Planning for Your Business

An HR Strategy Can Make or Break Your Business

confluxhrHR Challenges

Over the last two decades, the globalization of individual enterprises and capital markets has altered the corporate landscape. Many companies have expanded their activities worldwide.  They are doing this in response to the global competition. 

At the same time, global financial markets are putting pressure on corporations to innovate and cut costs. These changes pressure businesses to manage their assets as efficiently as possible, particularly their human assets.

Getting Down to Specifics

Strategic Human Resource Planning refers to a set of human resource practices. These practices aim to achieve the best employee performance possible to satisfy the firm’s overall goals.

HR strategy stresses the system of HR practices. The wide range of activities matters regarding employee performance, individual assessment, recruiting, or interview tactics, for example. 

It’s also vital to note that a HR plan works best when tailored to a certain job or collection of tasks. Few companies treat their clerical employees the same way they treat their senior executives. Each group is recruited differently and chosen based on different criteria. The also attend separate training programs and are compensated differently.

Finally, the finest HR strategies always focus on bringing the best out of workers. 

Typically, this entails requiring employees to:

  • Have something ready (Skills, Competencies, Abilities).
  • Experience something (Commitment, Engagement, Motivation).
  • Take action (Arrive, Be Productive, Serve Customers).

You will receive the best employee performance if your HR processes are properly established and implemented. Having everything in line will resonate best with the overall company performance.

Creating Your Own Human Resources Strategy 

Creating a Successful HR Plan necessitates these 5 steps:

  • Step 1: Research Your Industry
  • Step 2: Recognize Your Value Chain
  • Step 3: Identify Your Critical Processes
  • Step 4: Determine Your Key Personnel
  • Step 5: Create an HR Strategy

Conclusion 

There is no doubt that the HR strategy you implement should enable your organization’s employees to contribute to the greatest extent feasible while also improving the bottom line. By assisting employees in improving their skills, attitudes, and behavior and decreasing turnover, you are assisting your firm in meeting its ultimate goals, which include productivity, quality, and customer pleasure.

The many HR strategies from which to choose can also be viewed as workforce management philosophies. As an HR professional, you may translate these concepts into specific policies and practices to develop the necessary abilities, elicit the necessary behaviors, and attain the desired outcomes for your company’s specific business plan.

Of course, what is appropriate for one organization may not be appropriate for another. However, if you can develop a cohesive HR strategy, you will be able to demonstrate how strategic human resource planning can offer value to your company in this changing global environment.

A robust digital HRMS platform is all you need to excel at HR strategy formulation.

ConfluxHR’s comprehensive HR management platform opens up unprecedented possibilities. An organization can use the HRMS platform to recruit, onboard, and manage employee leave procedures. The Platform also helps the business to manage payroll and attendance in an efficient and error-free manner. Furthermore, the performance management feature helps ensure that your personnel are constantly upskilled!

Click Here to read more about ConfluxHR’s unique features, such as One-On-One Meeting Capabilities and Assessment Surveys.

27Sep
What's Trending During Corporate Navratri 2022?

What’s Trending During Corporate Navratri 2022?

confluxhrBest HRMS Software

Navratri is a nine-day festival. People of all religions participate in the celebrations in different ways, from dancing with fervor to worshipping Goddess Durga.

This event commemorates the triumph of Goddess Durga, who triumphed over Mahishasur to aid in the restoration of dharma. It is the ultimate conflict between positive and negative energy.

Similarly, each employee’s loyalty, excitement, dedication, and workability contribute to the company’s rise to the top in its industry. Furthermore, the employer’s effort, patience, and devotion also contribute to the company’s identity.

The Festive Spirit is Breaking Down Barriers

A festive occasion or a gathering at the workplace is one of the few times when people let down their guard and are willing to mingle.

And, what’s better is an occasion than Navratri 2022?

The overall corporate environment is joyous and carefree around this time. It is ideal in the casual atmosphere, that HR professionals strive to develop workplace communication.

These celebrations assist in breaking down established hierarchies and organizational limits. It is an ideal networking opportunity for any company’s personnel.

Digital HRM platforms can help bring your entire team together! It can assist you in organizing CSR activities in which all your coworkers can participate. Additionally, it may aid in the development of empathy and the celebration of the true festive spirit.

The Secret to A Successful Corporate Navratri 2022

This celebration of this occasion is best defined by a spoonful of pleasure and admiration in a cupful of contentment!

During the third quarter of the year, corporations celebrate this holiday season. It captivates the young and the aged while deepening their roots. Kicking off their days of enthusiasm with Navratri, employees are exposed to our culture and traditional beliefs in colorful and brilliant ways.

ConfluxHR, a division of DBI360, is one such company that is fully immersed in Navratri celebrations. Every year, they commemorate the days with zeal. This year, they went above and beyond for their staff by experimenting with a novel event structure.

26Sep
Appreciate Your HR Department on the HR Professional Day 2022

Appreciate Your HR Department on the HR Professional Day 2022

confluxhrHR Challenges

Working in human resources can be challenging. All of the critical duties that the HR department performs contribute to the business’s continued success. While some people dislike the HR department, it is critical and necessary. They are sometimes underappreciated for their efforts.

Human Resource Professional Day is dedicated to a day in the life of an HR professional. It aims to change people’s perspectives toward the HR department. It intends to teach them why their job is important to any business.

Things You Can Do to Appreciate Your HR Department

HR Professional Day is a fantastic opportunity to express your genuine gratitude to your HR department. The misconception that workers are the only ones who require participation is fading. Employee engagement is one of the goals of HR department; it is also essential for the department itself.

HR Professional Day is an excellent opportunity to establish a recognition program.

Individuals are compelled to appreciate their peers frequently and sincerely when they receive complete recognition.

Everyone in this hybrid setting, including your HR team, wants to be recognized for the job they accomplish daily. Using this day to build employee resilience and mental health benefits any firm.

It reduces employee burnout and impacts long-term job satisfaction and motivation.

Here are a few things you can do without thanking your human resources department.

  • Recognize and Thank Your Human Resources Department
  • Social media can be used to celebrate the HR professional day (For example, you can use the hashtag #HRProfessionalDay to alert your contacts and followers that you are commemorating this day.)
  • Allow for an unexpected day off (Your employees may use the extra time to focus on their health, spend time with family, or relax away from the “company.”)
  • Make your HR team’s taste buds pleased (after all, who doesn’t like a free lunch?).
  • Create a reward system.
  • Employees can be endorsed on LinkedIn.
  • Create a virtual hall of fame.

The Way Forward

Apart from a traditional strategy, if you want to make a long-term difference in your HR department, you must invest in the best HR platforms that manage your business’s core HR processes. It will improve the HR department’s efficiency and agility in their daily work.

It can automate all of the essential goals of HR department, saving your firm over 5000 business hours. It allows the HR department to make error-free decisions. The human resources department already has a lot on hand. ConfluxHR, on the other hand, can handle all of its problems.

ConlfuxHR is a one-stop shop for all HR issues, ranging from error-free payroll management and managing onboarding processes to exit procedures.

 So, what are you waiting for?

 Sign up now!

23Sep
Leadership Burnouts- Role of HRMS to Tackle Them

Leadership Burnouts: Where Can An Hrms Play Its Part?

confluxhrBest HRMS Software

You push others for better performance and be the bad cop for your subordinates. Besides that, all the bad work is yours, and all the good work is the team’s credit! Sometimes, all of this and more can take a toll on your daily productivity.

As a leader, there is no limit to the number of efforts you got to give. You are the innate force that pushes your team to outperform. So, at times you must become a bad cop for your subordinates. Not just this, but as a leader, you barely get any appreciation for your work.

The recurring attempt to stand strong and face it all with a dash of savage attitude can, at times, run out of the store. Undeniably, leadership can be a scary and stressful place.

Fun Fact (Not funny, though!)*

WHO recognizes ‘Burn Out’ as a medical condition. It can occur when someone is exposed to long-term stressful jobs. Besides sapping your energy, Burn Out conditions can reduce your productivity too.

Where does HRMS stand in the scenario?

Leadership burnout can lead to a massive breakdown in an organization’s workflow. If you fear failure and do not want that to happen at the first place, use an HRMS. HRMS can help you in the following ways:

  • Effective performance management
  • Accurate Attendance and leave management
  • Easy Training and development of employees

Every little task that gets off your way eventually stops you from getting ‘Burnt-Out.’

A Few Ways To Combat Burn Outs

Clueless regarding how to get out of leadership burnout? Use HRMS tools to half your work and ensure that you abide by the below pointers.

  • Let the passion not turn to poison. After all, a genius knows when to stop. Never overwork abnormally.
  • Reduce micro-managing and let your delegates take over. You cannot put your mind on everything. Rather let your delegates be accountable for tasks in bits and pieces.
  • Use your time wisely and seek breaks whenever you feel the need for relaxation. Aim to have achievements outside your task.
  • Get the basics into place- the sleeping pattern, diet, and regular workout.
  • Assess your situation and work towards solutions. Ask yourself questions to have a profitable self-assessment session. No denial.

Final Words

Leaders bring the spirit of work and coordination in a team. Hence, a burn out leader can bring innumerable losses to the organization. Take half the task off your way by using a promising HRMS.

‘And lastly, your definition for CEO might be anything from the businessy dictionary, but we know that a CEO is Chief Energy Officer, the positivity nurturer!’ What’s say?

21Sep
No Moonlighting- IT contracts, employee ethics and more

Is Moonlighting Clear Cheating? An Ultimate Way Forward!

confluxhrHR Challenges

We are so well acquainted with people working in the IT sector and having their share of side hustles. It doesn’t even seem debatable. As if it was always like that, and there is no big deal about it. However, the giants of the IT sector do not seem to be cordial about it!

It was just a tweet by the Chairperson of Wipro, Rishad Premji, and the debate caught fire. Sparked off by the tweet, the news channels also brought panels and encouraged open discussion on the same. Here is a glimpse of the tweet that fired an intense discussion and highlighted varied opinions.

The years of the pandemic have led to rising concerns about employee health. Hence, the IT sectors have been walking on the edge of adapting to the remote working culture.

According to Gartner, 30% of the Indian workforce will work remotely by the end of 2022. While there is a substantial encouragement for remote work culture in the corporate landscape, it also leads to various repercussions.

The debate might go on forever but let us bring you various perspectives of looking at the debate!

The rising concern of IT Employers!

As per the employers, it is simple. Hiring employees to work for their organization is not just defined by the working hours. It constitutes ideologies, ideas, and implementation. The erosion of valuable information is the constant fear of employers.

However, Sidharth Rawat, the co-founder of Exly, has recently expressed his opinions on a creative platform.

He said, “In my opinion, people who moonlight are awesome managers. Freelancing is not for everyone. It is just for a section of employees who can outperform for others and juggle more work.”

Besides that, the burnt-out employees take up external work and hamper the workflow in the organization with their unproductivity.

Hence, the real reluctance boils down to two or three pointers on fingertips- unproductivity, erosion of valuable data and clash of interest.

Trust breaches and lack of ethics in employees often lead to the greatest disaster within an organization!

The unsatiated quest for growth for IT employees!

It wouldn’t be wrong to say- Gen Z employees are greedy for growth. They are ever-evolving and unsatisfied and always look forward to upgrading themselves in every possible way. Undeniably, they are the change makers, the revolutionizers and pace setters!

The employees want to make the best use of their potential without hampering the work ethics in the full-time workplace. With an additional room to figure out new career possibilities, employees also get some additional income that aids them in upgrading their lifestyle as per their vision.

They believe that exercising their possibilities is no offence to any organization. Anyways, it is profitable if employees handle dual employment without being unproductive.

Dual lives and both equally larger than life! 

The legal aspect!

Section 60 of the Factories Act does not allow workers to be employed in two factories. However, the act does not cover the IT professionals and people working in administrative functions. All the laws in the act are meant for workers, not employees in the IT profession.

Moonlighting is not cheating as per the law, and the employer cannot take legal action against the act.

The Way Forward!

As an employer, you can only focus on arranging and conducting training sessions on what gigs employees can choose for two-timing. They must understand that the conflict of interest between their employers can put them in a legal hustle. Above all, employers can also focus on employee engagement which is ultimately the way forward to solve most of it.

As an employee, you must have business ethics and draw your lines per your second gig. It is better not to work simultaneously for both gigs with the same conflict of interest. Above all, you must choose to juggle external tasks only if you are a great multitasker.

After all, it is simply not fair to be less productive for your primary employer!

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