What does Human Resource Management System do Why does every company need HRMS software

1. What does the Human Resource Management System do? Why does every company need HRMS software? How HRMS Transformation Can Help Your Organisation Grow Let's dive deeper into how HRMS transformation can benefit your HR function and organisation as a whole. Focus on What Actually Matters Do repetitive tasks overburden your HR team? Is your organisation expecting you to play a larger role by contributing to business growth? Most of the HRs in most organisations are passing through this phase. Some are successful, and some have some catching up to do. This doesn't mean that the regular functions can be put on the back burner. It means that the organisation requires a cultural shift where every individual is inspired to work more productively and innovate continually. Although it's not as easy as it sounds, an effective HR strategy,relevant HR services, future-ready technology and a performance-measurement methodology can surely put you on the road to success.

2. Minimise Manual Processes Admittedly, HR is a human-centric function that puts relationships and experiences first. No doubt automation can't always do what face-to-face meetings can. But how many HRs can confidently say that they have automated all their tasks that need to be or can be automated? Every HR team member performs so many resource-intensive and time-consuming tasks every day. Yes, the dividing line between automation and manual intervention is really narrow. At times, you may have seen your HR operations executives running helter-skelter to complete some hiring/onboarding tasks manually. The reason? Maybe your HRMS system is not designed to streamline these tasks. Another possibility: Your HR folks are not trained to handle all the workflow automation modules. HR transformation doesn't end with mere deployment. It just begins there. When smart work is combined with smart technology, positive results are likely to follow automatically. Garner Deeper Insights for Smarter Decisions Data is everywhere, but not everybody gets what is required for well-informed decision-making. Whether it is for formulating growth-oriented HR plans & employee policies, gauging employee sentiments or predicting the talent requirements of the next quarter, you have to count on the disparate data present across a bunch of tools. Most importantly, you need to create a culture that inspires your people to embrace the changes required in a data-driven organisation. What if you had one holistic platform that could do all of this in one place and in the blink of an eye! Obviously, you would want to apply that intelligence to help grow your organisation and contribute to business success. Wouldn't you? Help Employees Help Themselves It may not be surprising if your HR team members get exasperated while handling the basic employee queries time and again. Of course, even the employees would avoid asking you if they had an option. The self-service capabilities of an HRMS platform can address this concern to a great extent. When your employees have the facility to access information, submit applications and generate reports on their own, overdependence on HR is obviously ruled out. This not only saves valuable time but also enables them to remain focused on the revenue/profit-generating tasks of the company.

3. Satisfy More of Your Employees It's hard to find the right people for the right jobs. Don't you think that it's now become even harder to retain them? Yes, every HR has to figure out new ways to focus on employee engagement, growth opportunities, grievance redressal, etc. When processes are automated and streamlined, more jobs get done faster. As a result, your HR team will also have more time to groom the workforce. Also, the employees will have fewer reasons to complain and more reasons to smile! Satisfied and passionate employees are more likely to work wonders for the organisation's topline and bottom-line growth. Avert Compliance Issues Sometimes, even the larger enterprises might find it tough to navigate the legal maze. Therefore, it wouldn't be surprising if others looked at compliance hurdles as a barrier. Litigation and hefty fines can not only affect the profitability of businesses but also adversely impact their brand image in the marketplace. HR automation can certainly help solve this puzzle since many of the modern platforms are designed to meet statutory requirements by default. Therefore, even if sudden changes are made to any of the labour laws, your statutory reporting team members will not fret.

4. Some of the benefits of HR Software - Accurate payroll processing Payrolls can be processed with a single click and in a timely fashion, with an assurance that they are in line with the latest laws and regulations. Automation also simplifies the management and execution of complex salary structures with multiple components — such as tax and deductions — that would be tedious to handle on an Excel sheet. Employees, moreover, can use a payroll software to request expense reimbursements and check their own payroll slips whenever they need to. Simplified core HR All the administrative functions involved in managing a workforce can now happen through a well functioning cloud based HR software. These take care of daily activities like attendance tracking, leave management, regulatory compliance, employee data storage and updates and the use of company assets. Tools like this typically feature a self-service portal where employees can manage their own data and submit requests, which eliminates the need for lengthy mail trails and physical follow-ups. Here is an in-depth guide to understanding an HR Management Software. Easy attendance and leave management An automated attendance system that integrates with payroll allows the payroll department to accurately process monthly salaries, wages, and overtime. And when it comes to individual employees and their managers, both are given complete visibility into aspects such as remaining leaves and availability of resources. Other benefits of automated attendance and leave management include easy statutory compliance, solid data security, and mobile access — none of which are ensured with a spreadsheet-based system.

5. Swift communication Automation can streamline and enhance company-wide communication far beyond emails or instant messaging. Sending out memos or newsletters is much simpler, and notification templates can be used to manage texts or emails that need to be sent out at a specific date and time. Software also allows for automated communications to go out for different employee lifecycle events, such as birthdays, work anniversaries, resignations or promotions. Smart performance indicators Automation makes HR analytics a simple and one-step process for any business. Dashboards allow reports to be generated with a single click on employee performance across divisions, attrition rates, joining costs, training and development costs, average years in service and other indicators. Managers can also create custom reports by selecting their own parameters and the number of employees they wish to include in the results. Several software solutions also come with the option for readymade reports, such as Labor Law or statutory reports. A major reason small businesses hesitate to use a HRMS Software is the perceived hassle involved in working with yet another tool. However, today’s automation options are designed to be highly user-friendly, can work across devices and are easily integrable with any existing softwares. At greytHR, we work with clients and supply them with the features they need the most, rather than a one-size-fits-all suite. What’s more, our payroll and leave management solutions come with 90-day onboarding support, backed by best-in-class customer service. Visit greytHR website today for cloud based HR and Payroll Software. Reference Links - https://www.greythr.com/blog/how-hrms-transformation-can-help-your-organisation-grow/ https://www.greythr.com/blog/automation-for-everyone-how-hr-software-can-benefit-smes/