Companies all over the world are realizing that ‘old-school’ pen-and-paper or even spreadsheet-based HR systems for hiring, appraisals, payroll processing and even retrenchment no longer work. These systems are cumbersome, time-consuming and difficult to optimize.
But what if you work for a company that is determined to stick to such old-fashioned practices?
How can you convince management to adopt new-age Human Resource Management System (HRMS) systems?
By explaining the following 7 advantages – that’s how!
An HRMS system like Spine HR Suite can help improve employees’ performance and ensure alignment with the employer’s strategic objectives. It can also help HR design engagement and retention strategies to enhance employee motivation and morale. This prevents employee brain drain and reduces re-hiring and re-training costs.
HRMS can automate and simplify time-consuming tasks like the calculation of payroll and other financial records related to taxation, arrears, overtime, claims, incentives, etc. This not only saves cost and time, it can also help ensure legal compliance and tax efficiency, and enable organisations to focus on developing their most important asset – their employees.
With scalable HRMS solutions like Spine HR Suite, organisations can conduct intelligent appraisals that are comprehensive, up-to-date, data-backed and fair. Managers can identify hidden talents or aspirations and design plans to develop their employees’ potential. Ultimately, this boosts employees’ chances of professional success and helps employers improve their efficiency, productivity and output.
HRMS can track attendance and provide ongoing reviews and ratings on employees’ progress plus comparisons on groups of employees. By automating performance tracking, you can ensure that appraisals are carried out in a fair and objective manner so you can design compensation plans to keep employees engaged and loyal.
With HRMS software, you can ask employees’ to provide feedback on the company’s policies, culture or management. This information can provide valuable insights for continuous improvement. And when employees are involved in such decision-making processes, they feel a sense of ownership that keeps them motivated and engaged.
An HRMS with comprehensive employee-related information can help increase transparency and openness within the firm, which can improve employees’ workplace experiences and thus reduce turnover. When firms have up-to-date information about their employees, they can understand them better and thus design policies and programmes to improve motivation and loyalty.
An HRMS is a reliable way to protect critical data about the firm and its employees. With an on premise HRMS, data is stored behind the firm’s firewall which provides an assurance of data security and control. A cloud-based HRMS provides secure data storage, data accuracy, intuitive interface and ease of maintenance and availability.