30Jan

8 Ways Human Resource Management System can Revolutionize Your HR Department

Cloud technology has forced companies to look for software to boost efficiency and improve the accuracy of human resources operations.

The technology has made it possible to automate a company’s HR operations.

The advantages of a Human Resource Management System have led to improved performance across several areas, including hiring, interviews, paperwork, onboarding, payroll, attendance control, learning and development, compliance, workflow streaming, and relieving tasks.

Many free HR software programs are available, and the help of analytics and cloud-based HR software has raised staff performance transparency and boosted employee happiness.

Let’s examine how human resource management has changed because of HR software.

1. Hiring

The first step in the HR process is to decide how to hire the ideal candidate who fits the culture and environment of the company.

According to a report, online recruiting may shorten the hiring process by 25%. Consequently, 95% of the costs are saved. (1)

The efficient tracking of each candidate’s development has been made possible via cloud-based HR management software.

2. Process For Onboarding And Documenting

Many businesses have adopted cloud-based HR software to collect and retain data while onboarding personnel methodically and securely.

In addition to lowering the danger of information loss, this has enabled businesses to accumulate vital data that will help them learn and develop and offer information on their employees’ progress.

Although they now spend less time manually entering data, HR managers still devote up to 50% of their time to these responsibilities.

By accurately calculating salaries and PF amounts against employee designations, new HR systems can consolidate and automate the payroll system through e-payroll.

To avoid fines and maintain the efficient operation of the company, the payroll team can update HR systems with new policies, tax regulations, and deadlines regularly.

3. Management Of Attendance And Leaves

Thanks to a cloud-based e-attendance system, HR can compute employees’ overtime, additional days, and required working hours. It also helps in maintaining a record of employees’ attendance.

Employees who are paid by the hour or frequently put in extra work for the company outside of regular business hours may benefit from these solutions.

4. Data Management For Employees

Additionally, many web-based Human Resource Management System have brought together HR operations in one location to see personnel information, top skills, employee assessments and successes, and comments from peers.

5. Performance Monitoring

Replacing the outdated practice of assigning generic key performance indicators (KPIs) to everyone in a similar job. The performance appraisal team now has all records data linked into one location and machine learning at their disposal, making their work easier.

6. Reporting And Analysis

Companies can obtain real-time updates and analyses of employees’ performance, all thanks to HR software. When an organization’s culture changes, this would be incredibly beneficial for businesses to adapt accordingly.

Real-time updates will enable the HR manager to monitor the effect on people and notify the board of any benefits, difficulties, and the degree of success of new approaches.

7. Forming A Team

The HR division can plan and create exercises to strengthen teams using the available data. Additionally, it can identify the underlying causes of poor performance and improve teamwork abilities or employee morale.

Predictive analysis is one way that artificial intelligence will likely be used effectively. 32% of businesses claim to be prepared to start employing predictive analytics.

Regarding team development, AI may assess data from most people, teams, or organizations to forecast performance and suggest ways to improve individual contributors’ abilities.

8. Managing the Workforce

Integrating HR with the business’s goal will enable managers to enhance their planning and adopt a strategic approach to the organization’s future requirements.

Additionally, it would enable companies to spend money on staff training and development to build stronger teams and future leaders.

Consequently, decisions connected to human capital management should be strengthened. HR software assists in matching the right team with the appropriate project that fits their skill sets.

Furthermore, the program aids in streamlining all of their activities so that they may concentrate on essential jobs, boosting productivity.

Without an effective HRMS, no organization’s human resource management can compete in today’s market.

27Jan

How does Human Resources Management System Help Your Business Save Money?

Businesses must work with remote teams and deal with high employee turnover (especially after the pandemic). A need for an HRMS, or human resource management system, has arisen due to how much easier HR operations are made and how much money the company can save.

Time is eventually spent on HR conducting manual tasks and entering data.

Due to the team’s focus on manually entering data, they may miss opportunities to do something more advantageous to the company and more productive.

It also results in higher costs, which are hidden and tied to labour-intensive administration (HR), which frequently generates a wide range of issues and steadily depletes the company’s resources over time.

Applying a solid HR and Payroll Management System in India enables smooth business management and operation by making things efficient, rapid, and accurate.

The Human Resources Management System Enables Firms to Quickly Manage and Carry out Several Daily Tasks.

In particular, when done manually, managing HR administrative tasks requires a committed, knowledgeable, professional workforce. The HRMS automates time-consuming and manual operations to ensure business success. It is powered by technology and information.

The business can reduce costs clearly and measurably by choosing a quality SAAS-based solution.

How Can an HRMS Reduce Operating Expenses?

Good HR management software gives the HR team of a particular company more leverage. Its multitasking capabilities make it a brilliant HR team solution for all sizes of businesses—large, medium, and trim.

Here are some ways that an HR solution can drastically reduce operational costs for any business:

Protect Employee Data to Prevent Expensive Security Breaches.

One of the laws and guidelines a company must follow is protecting customer data. Data about employees is abundant in businesses and must be protected.

Businesses should take steps to secure their customers’ data because it is illegal to violate their privacy. An HR management solution system ensures that this data is safe and secure so businesses can avoid expensive lawsuits and penalties they could have to pay for a data breach.

HR management software uses different degrees of protection, encrypts data, and restricts access to only authorized people, assuring data protection.

Cuts Down on Paper Costs

The cost to the company of maintaining paper employee records manually can be high. However, Doing electronic record-keeping will cut expenses.

An HR Management software can save money by eliminating the need to buy office supplies, including paper, cabinets, ink, and printer paper.

Decreases the Cost of Hiring Staff

A human resources department must complete some duties. There are many responsibilities to be managed, calling for a large workforce, from onboarding the candidates to handling their exit formalities and capturing personal data to employee engagement.

Any business that hires competent workers incurs expenses, particularly new startups and small/medium businesses. The majority of tasks done by HR Management Solution are automated and efficient.

The company can only reduce the cost of recruiting many employees by implementing an effective HR management Solution.

Cloud-Based Alternative

Maintaining redundant software can be expensive and necessitates costly upgrades. An easy-to-upgrade cloud-based solution, HRMS, allows for secure data storage.

By outsourcing HR Management Solution, a company can be guaranteed to always have access to the newest versions and features of the program without having to worry about the cost of upgrades.

Greater Productivity

Even though it may not directly connect to cost-cutting, this helps increase overall productivity for the company and slow down its expansion.

The automatic multitasking capabilities of HR management solutions allow the HR personnel to focus on other crucial duties with greater vigour and excitement.

In Conclusion

An HR solution with extensive features can help your company’s HR department run more efficiently.

Adopting an HR management software that is comprehensive, cutting-edge, and delivers services that fit your needs and budget is crucial.

A performing organization that saves time, money, and resources have a lean and effective human resources department.

30Nov

An Overview of Leave Types In A HR Management Software

From working in a setup where the center of power was with the employer to watch the shift of power to the employee, we have come a long way. The human resource management norms went for a toss in the last few years.

Businesses started taking employees seriously and taking care of every little grievance. Moreover, the leave management system plays an enormous role in employee engagement and retention.

Companies exhibit their progressive aspect by cultivating a great work environment for the employees to feel appreciated and energetic. Let us discuss a few leave types that every employer must know about to map out the leave management approach in their organization.

Types of leaves

The law body of the nation has minimal interference in the leave management scenario at work. However, they have outlined the specifics of the leave policy, which has been accepted by employers widely.
Let us go through the popular types of leaves that employers prefer to offer!

1. Privilege leave (PL)

Privilege Leave (sometimes known as Earned Leaves) is the type of leave employees earn by being present during the working days. In some parts of the world, these leaves are also called Flexi. To avail of these leaves, employees must plan and inform their reporting managers ahead of time. The best part of the leave type is it can be carried forward to the next financial year.

2. Casual Leave (CL)

Some companies provide casual leave apart from earned leaves. Such type of leaves compensates for unforeseen situations and of utmost emergency. CL is mandatory in many states. Moreover, some employers combine the entitlements of Casual leave and Sick leave to simplify the leave policy.

3. Sick leave (SL)

Sick Leaves are also known as medical leaves, which are extended to employees on the grounds of sickness and accidental cases. Sick Leaves are mandatory as per the law. However, employees often tend to misuse SL. Therefore, employers seek a medical certificate to validate the leave.

4. Maternity Leave (ML)

The Act of Maternity Benefit 1961 mandates that employers provide 26 weeks of paid leave to women who have worked for at least 80 days and are expecting a delivery date. Maternity Benefits is a central government act applicable to an individual’s first two children.

5. Compensatory Leave (Comp-Off)

Comp-Off is a leave that is entitled to employees in case of emergency. Employees who have been working on the weekends or holidays to hand over the deliverables on priority can claim a comp-off on a workday.

6. Marriage Leave

Some companies provide special leave for employees during the marriage. The employer can provide marriage leave from anywhere between 1-15 days. Moreover, the HR department can ask for the marriage invitation card or a marriage certificate as proof of leave approval.

7. Paternity leave

Paternity leave is extended to employees who are expecting to be fathers. It is a leave for fathers to take care of their newborn and the mother. The employer can grant the leave for a specific time from the date of birth of the child.

8. Bereavement Leave

Bereavement leave is extended to an employee who has lost a family member or a loved one to death. It is the leave to participate in the person’s last rites and grieve. This kind of leave is called compassionate leave in some parts of the world.

**Fun fact: Some companies also allow bereavement to leave for the death of an employee’s pet!

9. Leave without Pay (LWP)

At times employees run out of balance leaves of all types but still seek time off. Those leaves are categorized as Leave without Pay (LWP). During payroll processing, employers deduct salaries for the number of LWPs in a month.

The Way Forward

Every organization must have a static and progressive leave management policy. Often employees assess the affluence of a company from the leave policy. If you have aimed at retaining employees for a longer period, you must have a progressive leave policy for your employees so that they feel valued.