20Dec

Free HRMS vs. Paid HRMS- Difference, Benefits, and More

When running a business, you might be wearing several hats and juggling various tasks. One of the most challenging tasks amidst all of them is HR systems and processes. When mundane HR tasks get on your nerves, you can manage them using a human resource software solution.

However, the most challenging part is not deciding whether to prefer an HRMS. It lies in deciding whether to go for a free HRMS or a paid one. Now that you have landed here, let us run through the exciting insights showing the highs and lows of choosing a free and paid human resources software solution.

Comparative Study of Free and Paid HRMS

We are always eager to jump for anything that might be free. However, there are always two sides to a coin. Here is a pros and cons analysis for a better insight into the matter.

Investment:

You can manage some portions of your hectic HR-related tasks. ROI is one of the essential aspects of corporate budgeting approaches, and you get it completely. However, a paid HRMS will cost you some amount periodic

HR process upgradation:

The best part about using a human resource software solution is that you are on your way to streamlining the HR management process as per the latest technology. Hence, you can always be a step ahead and opt for futuristic solutions to problems with the software.

Data safety:

Free HRMS software is not a safe platform to put all your employee data out when you are up for using a software solution and vast and precious data storage. On the contrary, a paid HRMS software solution provider takes responsibility for data security (often). You must look into the SaaS agreement to get all such clarity.

Dependability:

Since the service is not chargeable, you might not charge the service providers for any issue. One fine day, the software might not function well too. However, a paid subscription for the software might ensure robust functioning.

Is free HRMS worth your time?

It can be a great try if you are new to the business software solution market. Moreover, free HRMS helps business owners understand their requirements from software.

On the other hand, if you are looking forward to automating the Human resource process and switching to a scalable and futuristic solution, you must go for a paid one. Paid software is the way more reliable, secure, and dependable solution.

So, which way have you thought of going and why? Let us know in the comment section below.

05Dec

The A to Z of Candidate Management With an HRMS

What do you think a successful recruitment process looks like? May be accurate interview processes, proper data management and strategies to attract talent the right way. Seems like a great place to start the discussion.

Candidate management is one of the most promising strategies of recruitment management. It helps in building a healthy relationship with the applicants so that they can be used in the future responses. The task is a mixture of relationship management and data management. Candidate management traces the journey of an applicant to an employee.

A proper candidate management process attracts valuable candidates and ensures a fulfilling candidature experience.

What changes can an HRMS bring to the recruitment Process?

The entire talent acquisition process enjoys the advantage of candidate management process through an HRMS. Let us through some of the prominent differences that are substantially visible:

  • There is no haphazard approach:
    Things start falling apart when the approach towards candidates are haphazard. It degrades candidate’s interview experience. However, when you have a well-managed candidate data, you tend to get in touch with the candidate, give feedbacks, do follow ups on time.
  • You keep touch with the candidate:
    Candidate management system enables you to keep in touch with the applicants after each step of the hiring process. Northing can ever be a worse behavior than ghosting an applicant or not getting back to them with an apt response.
  • You allocate the right talent
    A dedicate recruitment management module in an HRMS helps you allocate the right talent for the positions. Leveraging technology for the candidate management helps you put the applicants in the interview pipeline and check their suitability.
  • Candidate management process becomes trackable
    Candidate management process is insanely hectic when it is not trackable. The best HR systems have a recruitment management module that enables employers and HRs to track the details and interview details of applicants, which ultimately saves several working hours.

Top Features of a Recruitment Management Module

When you have ample recruitment management tools around, which one should you settle for? Well, we bring you the checklist for an ideal recruitment management module in an HRMS.

  • Candidate database management
    Candidate database management features helps you to add candidates and other related details about him/er. It helps manage candidature details for future references.
  • Skillset management
    Skillsets are important points of consideration while assessing candidatures. Hence, skill set management helps in perfect resource allocation.
  • Interview scheduling
    The recruitment management module of an HRMS must enable recruiters to schedule interviews. Hence, it automates the process where the interviewer gets notified and replaces the hassle of multiple follow ups.
  • Automated feedbacking
    The manual feedbacking process takes a lot of time. However, with a dedicated recruitment process of an HRMS, the interviewer can automatically drop the feedback of the interview.

Final Words:

A seamless candidate management process is more about synchronizing the system and making it way more trackable. Moreover, you save several working hours which can be utilized for strategic functions of the HR wings.
Are you all set to experience seamless candidate management with the recruitment management module of ConfluxHR?

28Nov

Managing Payroll with an HRMS- The Best Payroll Solution

The end of the month are happy days for employees. However, HRs, accounts team and payroll officers have a hectic schedule during these days. Are you wondering if there is any way to process payroll with utmost accuracy and convenience at a go? Yes, off course there is!

Perks of Using a HRMS Software for Payroll

Haven’t you though of using an HRMS with a dedicated Payroll module yet? Well, we have got you some valid points that can surely change your mind for the better. Catch up the below advantages of using a HRMS for payroll generation and rethink, until you land on the apt solution!

1. Accuracy:

Needless to mention, you cannot be confident about the accuracy when you are manually managing the payroll with excel sheets.

Payroll

However, with an HRMS, payroll generation seems like a cakewalk. There can barely be any chance of mistakes henceforth.

2. Cost-cutting

Payroll generation is quite a momentous task and especially when you have opted to manual payroll processing using excel sheets. Most of the organization either outsource it or hire manpower to get it done. Using an HRMS, you can streamline your budget and generate payroll with just a click.

3. Timesaving:

HRMS software is one of the best payroll solutions because it synergized various departments for payroll generation.
Payroll processing takes a whole lot of time when you do it using excel sheets. Moreover, you must look for data to flow in from other departments regarding the attendance and leave of employees.
Using payroll management tools, you can save several annual hours because you can generate payroll with a single click.

4. Convenience:

A payroll day won’t be a bad day for you. A payroll management tool receives data from other departments and generates pay register with just a click.

5. Automated Payslips:

Employees feel empowered and independent with a HRMS software. They can download the pay slips at a go. It saves the time of the employees because they would not have to reach out to HR to get the pay slips.

6. Data security:

Data for payroll is confidential. Hence, before relying on any entity, be it a tool or a human resource, you need to be very sure of the data breach threats. Cloud HRMS solutions are the most reliable solutions for resource management and payroll generation.

The Way Forward

All the above pointers indicate how seamlessly you can manage the most tedious task of your organization with a single click. Payroll management tool is a great value adder in an organization.

So, when are you planning to redefine the conventional payroll process in your organization?

25Nov

Checklist for Settling on The Best HRMS

The modern employment landscape is way different from what it used to be earlier. The success of any business, irrespective of its size, investment, and nature, depends on workforce management. The caliber and competency of the workforce also rely on the organization’s work culture and resource management procedures.

A human resource management system (HRMS) helps utilize the resources better and maintain a productive workplace culture that can ultimately help the organization achieve high returns. However, you can find great HRMS platforms across the globe, and now the next question is which one to go for.

Well, no further worries because we have a checklist to help you settle on the best one!

How to Select the Best HRMS Software?

After a clear need and gap analysis, you can find your best human resource management solution. However, we have a pre-defined list of prerequisites to qualify for an HRMS solution. You must consider the following checklist to select the best HRMS solution for your organization.

1. Module feature list:

Check and review all the modules of the software. The HRMS must have a dedicated solution for leave, attendance, payroll, performance, and recruitment management. Moreover, take advantage of the usability of the software. The user interface of the system must be easy to use.

2. Payroll integration

Payroll is one of the most crucial functions in the daily activities of an organization. Check if the software has payroll integrated with it or not.

3. Employee self-service

Employee self-service is the best part of opting for a human resource management system. They can know about their attendance, leave balance, and download their monthly appraisal and salary slips using the software. It ultimately gives employees a sense of self-dependency in the organization.

4. Customizability:

Every business has its own set of needs. Hence, one set of business needs might only sometimes fit all companies. Therefore, you must look for a software solution that can provide a customized solution that exactly fits your needs.

5. Attendance and leave tracking:

An ideal human resource management software must sync with your attendance tracking system like a biometric system. Hence, you can easily track the attendance of employees and generate a report at a go.

6. Reports Dashboard:

Generating reports related to employees is a regular phenomenon in every other organization. It analyzes every forthcoming industry trend and shows how well your organization has chased it up.

7. Applicant Tracking and management:

Recruitment is the most hectic task for HRs because tracking the applicant is difficult. An ideal HRMS must have a dedicated recruitment management system that helps in monitoring applicants and managing large-scale recruitment at a go.

8. Data storage and security:

Data storage and security are one of the most crucial concerns of an organization. If you are looking for HRMS software, you must ensure a secure software solution to avoid data breaches.

Post-implementation support:

Your software service provider must also extend firm support for all your business requirements post-implementation. Hence, you can reach out to them when your software runs out of order.

The Bottom line

Adhering to the above-listed checklist, you can find the best HRMS for your business. Once you have found the most compatible solution for workforce management, you can resolve most of your managerial issues.

25Oct

The Difference Between SaaS Payroll Management and Payroll SaaS Platform Solutions

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

16Sep

Untold Benefits of Tracking Employee Attendance and Time

Tracking employee attendance and time assists businesses in efficiently scheduling their work and meeting deadlines. Managers can also get a clear image of employee deliverables. When done right, it is possible to retain outstanding staff while focusing on enhancing customer service. 

Such an ecosystem boosts employee productivity while also lowering costs for your company.  

When it comes to easy ways to track employee attendance, HRMS platforms are leading the way. The automation of core business operations significantly influences firms of all sizes. 

The following are some advantages to tracking your workforce’s time and attendance data:  

  • Simplify payroll operations and avoid errors with readily available payroll data.  
  • Ensure equitable workload distribution, avoids burnout, and lower unplanned absenteeism  
  • Maintain organizational compliance with meticulously documented and structured data  
  • Determine which areas of your organization want development.  
  • Take prompt action in areas that require improvement and additional resources.  
  • Recognize employee data independent of the workplace.
  • Track remote employee working hours without being bound to a certain place.
  • Track employee absences and sickness at the stroke of a button.  
  • Data enables you to precisely forecast the costs of future projects  

We can see why timesheets are important by looking at these benefits.  

However, did you realize that firms squander INR 2.25 LPA on non-productive tasks?  

You can save time on payroll calculations by switching to an automated time management service. Your business can utilize the extra time available to accelerate your business processes.  

Do you have trouble hunting for missing documents and validating timesheets? You can access all of your papers remotely and at any time using a digital HRMS platform.  

Do you need a way to motivate staff to arrive on time for a meeting? You can ensure that the team arrives on time for any occasion by automating meeting scheduling.  

Do You Want to Save 5000 Hours Per Year For Your Company?

ConfluxHR‘s comprehensive HRMS Platform can help your company avoid the same fate. Our platform provides recruitment, training, performance, exit management services, and adequate time and attendance management. 

Request a Demo to receive free services for your company.