6 Top Reasons to Invest Immediately in HR Software!
Some business owners – especially the owners of SME’s – believe that investing in an HR system is a luxury, not a necessity. However, a Human Resources Management System that automates all HR processes manages all time-consuming HR tasks, and frees up the HR team for more important and strategic tasks has become a must to all companies – regardless of their size and industry. Solvait provides you with the top 6 reasons why you should immediately invest in HR software.
1- Centralized Hub for All Employee Data
If you don’t use HR software, you’re probably storing your employees’ data and documents in multiple unsecured locations such as your laptop, your work email, or even using paper files. Storing data and documents in this way has many risks; they might get lost, stolen, or outdated. Using HR software helps you securely store all kinds of employee data, information, and documents under one platform with specific access permissions, and with reminder notifications for expiry dates.
2- Enhancing the Effectiveness and Productivity of your HR Department
Are you aware of the time your HR team spends on handling the routine HR tasks like payroll calculations, employee time-tracking, and vacation management manually using spreadsheets? Instead of wasting your HR team’s time and efforts, you can automate these mundane time-consuming tasks and handle them with a click of a button using HR software.
3- Enhancing the Effectiveness and Productivity of your Employees and Direct Managers
Most of the HR systems provide a feature known as “Employee Self-Service” which allows employees to perform many HR tasks such as printing salary slips, requesting leaves and vacations, and editing their personal information on their own and without getting back to the HR team. Direct managers can approve or reject these requests with a click-of-a-button and without wasting any time on this kind of transactions.
4- Fewer Errors and Better Accuracy
Human resources processes such as payroll calculations, employee time-tracking, and managing leaves and vacations depend on a huge amount of numbers and data, which makes it vulnerable to human errors, but here’s where an HR software makes a difference! An HR software provides only correct, accurate, and updated data.
5- Better Compliance
Failing to comply with labor laws in your country when handling various human resources processes results in many risks and losses to your company. Compliance with labor laws and regulations in your country is one of the most important processes that must be managed correctly, and here comes the importance of a fully localized human resources management system that reflects all labor laws and regulations in your country, including tax and social security laws.
6- Objective Decisions
HR is no longer just an administrative function, however; it takes now a more strategic approach to decision-making, and therefore it needs the appropriate tools to be able to collect and analyze data accurately and efficiently to study situations and identify problems at the workplace. A data-driven HR software analyzes data and helps the HR department make smarter and objective decisions regarding employees and company policies.