How vital is the need for Human Resource Management Software in SME’s

Human Resource Management Software , Posted by on 2018/09/13 0     Comments
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HRMS solution is a true need of every company out there regardless of the type and size. Running a business means a lot of things. Maintaining the HR factors helps you to boost your productivity as well as growth. Careful handling of these resources is very important in achieving the objectives of an organization. No matter how many HRs you recruit, with the size and days, the process will start to become complicated. A manual or paper-based process has risks of error always. We know that in a business there are a lot of things to concentrate on. But if the HR works get complicated, you have to spend your precious time here. And that’s a pure loss! Then why not you take the help of  HRMS solution and smooth the entire organizational process! 

Yes! Now Human Resource Management Software is the best solution for all your HR tasks. From SMEs to big players of all the industries, prefer to use software solution to keep the entire process error-less and super functional.

You can hit this link to get an idea about modern HRMS solutions before jumping into the next part of this blog- Cloud-based HRMS solutions

The size of a company does really matter for choosing an HRMS solution?

The size of an organization does matter to some extent but in relation to Human Resource activities. There is hardly any difference between SME’s and large organizations. All organizations irrespective of size has to conform to certain basic regulations. The only advantage which an SME can have over larger corporations is in being more flexible as compared to bigger enterprises that are bound by certain structures and processes. 

What is a modern HR Management Software:

HR Management Software in general covers almost the whole range of HR activities. It is a software application that automates HR functions with the use of computer technology resulting in the efficient management of HR processes. 

How can a modern HR Management Software help SME’s:

An HR Management Software can help SME’s by automating the following processes:  

  • Keeping attendance records: Managing attendance records of employees is one of the most beneficial uses of an HRMS. It removes the human effort from such tasks, reducing the scope of error and hazards associated with manual storage.  
  • Recruitment: An HRMS system helps in the recruitment process by identifying areas in an organization where hiring with particular skill sets is needed.  
  • Onboarding: Onboarding processes get streamlined with the help of HRMS tools. 
  • Benefits administration:  Employee benefits like pension benefits, healthcare, etc which fall under the benefits administration category are taken care of by HRMS. It helps by allocating the benefits which an employee is entitled to depend on factors like age, terms of employment, etc. 
  • Managing payroll: Payroll management is totally taken care of by HRMS tools. It calculates an employee’s take-home salary after taking into account parameters like leave taken, the cost to the company, etc. 
  • Performance management: The appraisal process is entirely taken care of by HRMS  which calculates the productivity of an employee using raw data concerning deliverables, leaves taken, overtime, etc. And then it recommends someone for awards, promotion, etc. 
  • Employee management: An HRMS contains all information related to an employee like date of joining, qualifications, age, date of birth, etc which can be put to use when required. All this information will be stored on the cloud with full-on security.
  • Report generation: An HRMS can generate real-time reports for managers as per requirements.           

Apart from all the above, most importantly — an HR Management Software helps in reducing costs in a big way as the entire application can be handled by a single HR personnel.

Do have a look at this question from Quora to make your HRMS search journey smoother: Query 

HR Management Software selection:

It is very important to realize that just like companies differ, so does the need for their HR requirement. In fact, you may be a bit surprised to know that there is no HRMS tool that can take care of the needs of all companies. Just like you have different shoes for people of different sizes, similarly while selecting an HR Management Software it is important to see that it takes care of the specific needs of your organization. 

But in order to satisfy the needs of a large number of companies, we did deep research to collect the similar needs of most companies out there. We have collected some needs and those are the needs of a lot of companies out there. Below, we are sharing those needs, you can check to ensure that you too have the same needs or not! Based on those requirements or pain points, we have created a cloud-based HRMS solution. 

Employee-management communication- Management needs to be everywhere! It has been noticed that due to the lack of proper employee-management communication, company culture gets ruined. Poor company culture can increase the dissatisfaction of employees, less trust towards the company, no employee attachment, and so many other things. These simply lower productivities as employees feel unwanted and disrespected. In order to get the best labor and productivity, maintaining proper communication is important. 

Less highlight of company potentials- do you know why the best performers leave your organization and join somewhere else? Because they cannot see their growth as well as the company potentials! No, I am not asking to share your client base with an employee. But in order to keep them motivated, you have to show the company potentials clearly. When they can align their dreams with your aim, you will get the best productivity. A lot of companies simply ignore this fact or do not find the best way to show the company’s potentials. And as a result, they lose their best-performing employees one by one. 

Improper employee performance tracking- asking the team leaders and managers is not the best way to find the gems of your workforce. If you are following the same process, be sure your organization is also dealing with nepotism! Why not you track each’ employee’s skill and performance in order to understand the future training and hiring requirements. You can make it possible with the help of an HRMS solution. 

Delay in salary and payslip generation- during the survey, we have seen that a lot of companies have the money to finely pay all their employees. But they make delays due to improper arrangement. HRs cannot generate payslips, wages, or invoices on time if there is more number of employees. And as a result, the salary and payslip generation get delayed. These create uncertainties in the minds of your employee and make them less productive. 

After recognizing all these common pain points, we have created our cloud-based HRMS solution. Our HRMS solution is not only able to solve all these problems but also offers a lot of advanced features. From employee onboarding to individual performance tracking with full-on security- everything is possible with our software solution. 

HRMS by Vyrazu Labs:

An HRMS tool developed by Vyrazu Labs has been successfully installed at SME’s to take care of their HR systems. It follows the SaaS model of delivery and has been hosted at the enterprise software section. This is a highly customizable product that can be configured to take care of your specific needs. The tool helps in automating the following processes:     

  • Payroll Management.
  • Attendance Management.
  • Appraisal Management. 
  • Leave Management.     
  • Employee Management. 
  • Employee-onboarding
  • Easy employee data storage and access
  • Advanced HR analytics
  • Better communication

You can know a lot of more important features and benefits of our enterprise solution by visiting the site. From price calculation to advanced benefits, you will get a broad idea once you visit all the pages of the site. 

Do start-ups require an HRMS solution? 

The answer is yes! As a start-up hiring a lot of HR executives and managers is a real burden. When software can do a lot more tasks where’s the need for hiring more candidates and increase the financial burden. Our software solution can cover a large area of your HR operations without the help of any human effort. So, your HRs will be able to pour focus on other activities to make rich your company culture. If you are a start-up owner, you may think that enabling an HRMS will unnecessarily add your expenses. But in reality, it will let you manage the entire task in a cost-effective way. And your company will be ready to take more challenges and grow faster. 

Get in touch:

Well, as you have seen the benefits of an HRMS tool and how it can be of help in your organization, it is advisable that you check up the web series to have a look at the product. Also, if you fill-up the below form, you can have a free demo. The pricing details are available on the pricing page. Lastly, if you are leading a small organization of 4 / 5 members you shall have free access to this tool for 3 years. Get in touch.