Did you know shifting to HRMS translates into a massive cost savings of 22% per employee! Unlike in past when HR couldn’t really quantify the incremental productivity with any degree of precision, HRIS emerges as a tool to produce increasingly valuable insights that help organization predict success. Simplification, outstanding user experience and faster implementation apart, HRIS not only succeeds in reducing the administrative cost of HR and but transforming your overburdened HR department into a profit center. There’s a reason that more than 50% of HR and talent professional want to replace their current HR software with a cloud-based system by 2018. So how does the adoption of cloud-based, software-as-a-service (SaaS) human resource management system (HRMS) deliver what the business needs? Efficient Payroll Module to Meet Compliance, Attain accuracy, and Faster Processing: Compliance is tedious, resource-driven and manual administrative work. Therefore, automating payroll proces
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Features to be consider while choosing an HRMS
When it comes to managing human capital in small and medium businesses like yours, HRMS offers incredible advantage. Not only does it help you save time and money, it also minimizes the burden on your HR department and reduces the administrative costs. From successful recruitment, engaging on boarding to efficient payroll, training, off-boarding and more, the best HRMS provide a central location for employees to access their data, and for the HR to carefully store and monitor data. Small and medium sized businesses mostly carry out their payroll work and HR administrative work in-house, however as more staff is added or office expands, automating and integrating HR processes saves considerable time and money with error-free processing. However, in 2017, tools that automate and integrate traditional HR process have become a hygiene factor whereas the real focus has shifted to HRMS platforms and apps with multiple modules that augment employee engagement, teamwork, innov