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 processes such as time, expenses and project tracking save an enormous amount of time, effort and helps your business significantly reduce payroll processing costs. Accurate, accessible records and reports apart, payroll automation ensures privacy for sensitive and confidential information of employee’s payroll data.
An HRIS like HRINNOVA with a full-service payroll module helps your company manage payroll accurately while simultaneously providing seamless workflow integration with other HR processes. It offers features like unified HR and payroll, Investment declaration, Tax computation & projection, Loan, and Reimbursement. Thus, automated Payroll processing has the potential for considerable ROI by delivering accurate data, saving valuable hours and streamlining workflow. For the employees, it lends more transparency, helps them track their salary details, and flexibility to view or download their salary slips anytime they desire.
HRMS for Valuable Analytical Insights
In the data-driven world, valuable analytical insights are on top of the mind of almost every business. Unlike earlier when they had no way to track and report on strategic recruitment or HR initiatives, today HRIS and Payroll system provides advanced analytics to reveal important data insights and measure incremental productivity. HRIS and Payroll have thus changed conversations within organizations and the extra visibility into the insights and analytics of your existing employee base, allows you to easily identify gaps which tie your strategic HR initiatives to drive business success. With HRIS and Payroll system at play, no more are HR strategic decisions or talent conversations driven by gut feeling, instead, they are backed by real data at every level.
Enables Business to Be Ahead of the Talent Curve
Progressive SMBs and startups successfully leverage HRIS and Payroll system to make smarter business decisions to stay ahead in the race. The easy-to-implement HRMS and payroll systems like HRINNOVA help them manage their workforce, track and retain employees. From ensuring HR compliance to actively engaging talent for increasing their productivity, HRIS or payroll system deliver versatile benefits to foster an outstanding company culture.
Better Insights With Detailed Reporting and Analytics:
Every business has great employees and not so great ones. HRMS enables HR in identifying who the great ones are and curate or transform programs and processes that maximize their potential through training for better productivity. The continuous tracking and monitoring of performance allow it to accurately assess whether compensation is really tied to rewards for most productive and high potential employees, thus ensuring better employee retention.
Customized Dashboards for Improved Decision Making
HRMS delivers customized dashboards for data and insights that help them answer important business questions and improve their decision making. Thus, it allows HR to partner the decision makers by providing analytics and data they want to drive the business forward. Unlike legacy HR point solutions that often require complicated constructions of a custom portal, cloud-based HRMS require little configurations, are easily customizable and scalable.
Your most Super-Performing Asset:
As your most super-performing asset, HRMS helps you engage, empower and retain employees – your most valuable assets. The tool helps HR identify and acknowledge top performers, gain more insights on existing talent, identify issues that lead to lower employee engagement as also deliver transparency and clear communication.
As your comprehensive HR automation tool, HRMS seamlessly integrates the entire employee lifecycle from onboarding to offboarding. HRINNOVA HRMS and Payroll system streamline your HR processes so you stop worrying about paperwork and instead focus on people. It’s intuitive interface and powerful workflows make sure that it’s the only HR software you will ever need.
This blog was originally published here.
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