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The “new normal” situation led us to rethink our company structure and reimagine the employee management system to a new level. As remote talent hiring is on the rise, you might think of upgrading your Human Resource Management System and probably googling “Best HRMS Software” on the market.
If you are struggling to find and choose the best HR software tools for your company, we have a few suggestions you must check out before investing in one.
Why Should Companies Look for Dedicated Enterprise HR Software?
When you look for HRM software, the basic functions you need are the same irrespective of your enterprise size: recruitment, onboarding support, managing employee attendance, leaves, payroll, etc. However, size brings unique challenges, and you might need an HR system where you can have access to accurate information.
Furthermore, larger enterprises are more bound to hierarchical structures and multiple divisions, i.e., IT department, finance department, payroll team, HR department, etc. Therefore, you must focus on software that facilitates clear communication, especially across traditional silo boundaries within organizations.
Then most enterprises have employees in different territories. They may be working under different labour legislations and are likely to be paid in different currencies and have taxation regimes for payroll. With a global workforce, you should have a strategic insight and performance-tracking system to draw upon when you do so.
Features Enterprise HR Software Should Have
There are a variety of HRM software options on the market, so we highly recommend that you shouldn’t rush to make a choice. Every platform consists of a few modules and specifications and performs different sets of tasks. The list given below highlights some of the most important features that will influence your final decision –
1. Performance Management
This feature gives an all-in-all dashboard where you can access complete details about each employee, gain insights and make more informed decisions by leveraging employee data. Your HR executive can create a development plan for every employee and monitor their progress throughout the year.
2. Employee Management
When hiring the best people, organizations are likely to have the widest and most customized scope for their search. They want to have social media features, an integrated funnel to the company job boards or recruitment website, online applicant tracking, and online or virtual assessment processes. Enterprises also look for a process where they can minimize the paperwork, focus more on people and communication, custom create multiple onboarding processes, and assign the process to new hires depending upon location and designation.
3. Time and Attendance
With remote work on the rise and employees working from different time zones, enterprises need to track hours and days worked, manage leave requests, and pay time off allowances. Thus, they need strong software that can do all this on a grand scale.
4. Learning & Development
Enterprises want their team to be well-equipped with the latest learning materials to upgrade their skill set. Courses and learning materials from your enterprises are likely to cover a wider range of topics and delivery methods. They require HRM software that can deploy solid and reliable learning content for employees. The platform should provide a self-nominated approach to learning, deciding what, when, and how an employee wants to learn.
5. Payroll Management
With an increased team across countries, enterprises must manage multiple salary structures for various pay grades and levels. An HRM software can do the job by automatically calculating the salary based on the set standards. The Payroll management system should integrate with employee time and attendance data to seamlessly calculate the paydays without any errors.
6. Mobile Access
When enterprises have a widely spread workforce, giving employees mobile access to HR transactions and information is critical. If you expect your business to grow, you should ensure that the current HRM software will be able to meet the increased demand. Otherwise, you must change your HR software to keep up with the development stride.
7. Live Chat/Phone Support
When you manage a huge employee rush, it’s common for HR department employees to face some difficulties. Therefore, they will need to contact a service provider. If the chosen vendor has a round-the-clock support centre, it will be easy to solve the issues immediately.
Benefits of HRMS in Enterprises
As your business grows, it may face issues with workflow optimization, process automation, scaling, and people management. Managing a company’s human resources also gets tricky as the number of employees increases.
1. Data Management and Employee Progress
The HRM software speeds up the documentation time, keeping all employee data in one place, which helps managers focus more on communication and gives a smooth onboarding process for the employee. You can also check if your employees match the Key Performance Indicator (KPI) to achieve your overall business goals. Enterprises should calculate things that really matter, and an HRMS can automate this process.
2. Data Safety and Security
Investing in an HRMS is an intelligent step when you want to ensure the protection of employee data. Being an employer, it’s your responsibility to prevent personal employee details from being misused and protect this data against outside threats. An all-in-all HR management system helps you protect personal information from unauthorized users by encrypting it.
3. Payroll Management
The HRM software comes with payroll functionality that offers a secure way to process the payroll. It helps secure this kind of sensitive data with password authorization and storing information on internal hardware.
Final Thoughts
Finally, when you have selected the best-fit HR software for your enterprise, you should check the references of the recent clients or check their offerings before closing the deal. We strongly recommend going for a DEMO and sharing all the details you expect from the software. You/your team should spend more than a few days to finalize the most suitable options. You should clearly understand the needs, possibilities, and goals of your organization to find a solution that will match them perfectly.
