HRMS (Human Resource Management System) is a type of HR software that uses information technology to enable the management of several HR functions.
An HRMS aims to improve the productivity and efficiency of the business through the automation of manual and repetitive tasks.
HRMS can bring distinct benefits to your company, that includes saving money while tracking performance and getting rid of unessential HR tasks.
Here are the seven ways to grow your business by implementing HRMS.
Accelerates your hiring process
In the candidates’ market of today’s times, hiring for your business can be a tough job. The HR professionals and hiring managers are entrusted with so many responsibilities like creating job listings, answering inquiries and finding relevant candidates to interview. Then they must interview the candidates, process their paperwork and supervise the entire onboarding process.
HRMS can assist you in creating job listings and analysing resumes by keyword to source top talent. It can also make the onboarding process of the hired employee easier by automating the paperwork.
Improves employee engagement
When you retain employees, you are engaging them. Engaged employees feel like they are a part of your team and perform better. They enjoy their work and wish to learn more to improve themselves and their performance. Employee engagement is possible with HRMS as it provides a way for employees to continue their education with training and development programs. Several HRMS options come with an e-learning feature that comprises courses that employees can finish at their own pace.
As training and development opportunities allow your employees to grow and learn with the company, they will stay with you for much longer. And also training makes the employees more skilled.
Automates repetitive HR tasks
If you are always entangled in handling repetitive tasks and routine administrative work, you definitely won’t have much time to focus on more strategic business-critical tasks in the human resource management function. For example, improvements to your work environment, which is likely to boost the morale and performance of employees. The more repetitive a task is, the more are the chances of making mistakes and even a small mistake can prove to be costly.
The following tasks, that are otherwise repetitive and time-consuming can be automated with HRMS.
Payroll: It tracks and automates payments, maintains records, calculates taxes and withholdings, and manages direct deposit information safely. Employees can even have access to their pay stubs electronically.
Benefits: Benefits such as insurance, vacation time, 401(k)s and FMLA are automatically updated and tracked.
Timekeeping: HRMS monitors employee attendance, tracks hours and overtime, creates timesheets and maintains time clocks.
By the automation of these kinds of tasks, accuracy is improved. Duplicate records are prevented and there are fewer errors.
Improves Employee self-service
A cloud HRMS sees to it that no employee would have to chase the HR team to access his/her payroll and HR information. An information suite for the employee, the employee self-service gives him direct access to his payslips, tax information, leave and attendance information, and more. All this data can be made available in real-time. This improves employee engagement and satisfaction levels as employees have clear knowledge about their salary, their leave balance and more.
Triad Software Services, the Best HRMS Software Provider in Qatar helps your business grow by making it more effective and productive via HRMS. Triad also makes available to its clients Sage ERP Software in Qatar.
Improves employee performance
A performance review is what both the workers and managers dread alike. To relieve this stress, you must have accurate data to back up job performance and be on the same page with the employee before the meeting itself. HRMS does just that. With it, the employees can track their progress right in the employee self-service portal. Based on this data, they can develop their goals and make adjustments and improvements to their work.
The managers also have access to the same information. With the help of it, they can make their suggestions, give more accurate feedback and support the employees with goal planning. The management is also enabled to reward the good work of the employees by recognizing their achievements before or in between the meetings.
Secures employees’ data and maintains compliance
Keeping up to date with everything is taxing, given so many labour laws, regulations and tax codes are in play. But with HRMS at your service, you need not struggle as it automatically keeps an eye on new regulations, changing laws, data privacy and anything else that might affect your company’s compliance.
The employer has a great responsibility of keeping the employee data protected and preventing it from being misused. With your HRMS watching for any sudden law changes that might affect your business, you can avoid any costly security breach issues or lawsuits. HRMS also guards against outside threats by encrypting the data it stores, making it inaccessible to unauthorized users.
Go paperless
You can cut costs on your supplies by reducing the amount of paper your business uses. HRMS can help you go paperless in many ways.
Signatures and approvals on contracts can be done right in HRMS.
HRMS vendors safely maintain records on their servers.
Payroll can be sent via direct deposit instead of paper checks.
This way, you can reduce clutter and bulky storage in the office, leaving more room for your staff.
You must invest in the right HRMS for your business needs. So make a checklist for what you need and research the vendors that offer the types of features that you need.
If you are looking for HRMS in Qatar, look no further. Triad Software Services is the one-stop destination for all your HRMS needs.