30Jun

What should you look for in a FAMS?

What should you consider before buying an FAMS?

 

Even using software to manage your assets may seem complicated. The effectiveness of the management process determines the outcome. The conventional approach is substantially less effective. And might reduce the organisation’s productivity. However, using software to manage your fixed assets is a terrific way to make sure they are used effectively, without hampering the performance.

 

The following are the benefits of having a Fixed Asset Management Software:

  • Asset Lifecycle

 

It keeps track of the asset’s worth over time since it was purchased. An FAMS actually aids you in creating a budget for the asset. It helps you throughout the asset’s lifespan by assisting with depreciation calculation. Alongside that, it sends out notifications for due servicing or payments, and alerts for lease, insurance, and AMC renewals. Additionally, it guarantees that you are in conformity with all legal requirements. Finally, it makes it possible for you to accurately determine the asset’s disposal value as well! There are only a few companies who truly offer an end-to-end solution. Spine Technologies provides you with Spine Assets. Which includes many useful features alongside covering the entire lifetime of your assets.

 

  • Analytic Reports

 

A centralised data source makes it simple to generate reports for use in reports. These reports give you the ability to assess whether an asset was utilised adequately, excessively, or neither. This allows you to separate them and classify them as productive and unproductive. Because assets can be used in both productive and unproductive ways. With the assets divided, you can now identify the underutilised assets and increase productivity. This has an impact on depreciation calculations as well because overused assets tend to be disposed of earlier than underused ones.

 

  • Reinforced Management Protocols

 

Besides the management protocols, which are essential for a company in and of themselves, the regulating body also provides guidelines. These can occasionally become too much to handle. You can follow these management protocols without fail if you use asset management software. You can select the required depreciation method, and the software will take care of the rest on your behalf. Management protocol strengthening is accelerated by a programme.

  • Dedicated Data Hub

 

Businesses own and manage dozens of assets every day, whether they are vehicles for logistics, IT assets for offices, or machines for various industries. Manually tracking the use and utility of these assets is difficult. Additionally, because this data originates from numerous sources and diverse core assets, managing it becomes difficult. Data storage in a centralised location becomes challenging due to the abundance of data sources. Fixed Assets Management Software is useful in this situation. You may save all of your data and reports in one location with the use of a FAMS. More productivity and clarity with less clutter! You can quickly locate the data you need with the aid of a centralised data centre.

 

Hence these were the 4 most important advantages of fixed asset management software. You can get a detailed guide on these essential features here. If you are looking for a Fixed Asset Management Software which checks all the above mentioned requirements, Spine Assets is the software you are looking for! Spine Assets is brought to you by Spine Technologies. Spine Technologies is a trusted software company with more than two decades of experience and international presence as well! You can check out Spine Technologies here.

28Jun

6 Features you must consider while choosing an HRMS.

Confused about the qualities a human resource management system should have?

To learn about the key characteristics that are essential for any firm, keep reading.

Each organisation has a unique structure, needs, and management procedures. These HR Processes are intended to be facilitated and made more effective by an HRMS. Let’s use jeans as an example. Yes, denim is fantastic on its own, but a pair of well-fitting jeans will make your entire ensemble look better. Your organisation’s effectiveness will increase with a carefully chosen HRMS. We hope that this blog will help you understand the key components of an HRM system so you can find one that is “Tailored Fit” for your business. So, let’s begin right away!

1) Leave, Time and Attendance Management

One of the key components of an HRMS is time and attendance management. It automates the time-consuming process of recording each employee’s attendance. Tracking their leaves and performing other related duties. Classifying leaves as paid/unpaid or informed/uninformed, etc. is also quick and easy with an HRMS. Additionally, HR software assists with leave computation, classification based on predefined type.

2) Payroll Integration

Another key responsibility of an HR that is automated by HRMS is salary processing. Besides processing employee wages for a specified period of time, an HRMS integrates time and attendance.  It automatically determines the amount to be processed. Also, HRMS allows users to view salary breakdown and arrears computations. By maintaining transparency, the employee gains trust and fosters a positive work environment.

3) Employee Self Service (ESS)

Employee Self Service (ESS) is a major module of HRMS. ESS enables the employee to view and change their personal and professional information. And that too without concerning the HR. Making changes in the employee master requires approval of the HR though. This also saves time as the employees no longer need to consult the HR to make such changes. This time can be utilised for better workforce management.

4) Onboarding and Recruitment

Examining and organising resumes, contacting applicants, tracking interviews, onboarding, training, and training evaluation. These are a few of the steps that must be taken when hiring a new employee. All these procedures are automated by an HRMS, leaving HR with only the task of conducting interviews. As the interview process progresses, hours’ worth of tasks are completed. Both the employee and the manager can track an employee’s development and training with HRMS.

5) Performance Management System (PMS)

It’s important to be aware of how well your employees are doing. You can track employee performance with PMS. This gives you the ability to reward exceptional performers. And encourage underachievers to improve. Employees can set their own targets and check their performance history to make comparisons. They may always be one step ahead of where they were yesterday thanks to this.

6) Reports and Analytics

HRMS offers you comprehensive reporting and analytics with graphics for easier visual comprehension. Reports and analytics are essential for a business to measure growth at individual and organisational levels.. Along with mandatory reports, an HR management system generates many other vital reports. While offering analytics that are essential for tracking performance. The reports offered can be used as a point of reference for comparisons.

To sum up, having an HR Software is a great advantage to an organisation. But you need to know what to look for in a product. The different features that HRMS offers is what makes it such a significant switch. And now that you know what features to look for in an HR Management System, you can check out why HRMS is becoming a need and how you can get started here.

Spine HR Suite not only offers you these 6 essential features but 19 different modules to pick and choose from, for that “tailored fit”!

27Jun

What are the advantages and disadvantages of outsourcing payroll?

A payroll is a necessity in every organisation in this era.

An efficient payroll is not just about automation & quick calculation. If not done properly, it may lead to chaos, employee dissatisfaction, workflow disruption and many more such problems. The biggest problem of outsourcing payroll though, in my opinion, is the lack of confidentiality of data. A payroll like Spine HR Suite’s maintains complete transparency with you and complete opacity with any other parties.

Following are the advantages and disadvantages of outsourcing a payroll:

  • Advantages

– Quick Calculation

The first and foremost benefit of implementing a Payroll software is quick calculations. Automated, AI-powered payroll systems make it much easier to calculate salaries. Salaries can be calculated based on days, shifts and even hours worked! Calculation of daily wages is also possible with a payroll system powerful enough like Spine HR Suite.

– Arrear Calculation

Arrears refers to payments that are overdue. Which have to be paid at the end of a given period after missing out on the required payments. Usually it is very difficult to calculate arrears as one needs to know the term missed, pay rise (if any) and many other things. Given the amount of factors included, Arrear calculation is one nightmare of a task. But a payroll solution makes arrear calculation easy as well! Just enter the employee code and the system will calculate the arrears!

– Regulatory Compliances

Being AI Powered, a payroll software keeps itself up to date with all the regulatory compliances. It sends you notifications about new regulations and compliances, etc.

It is difficult to track regulatory compliance and calculate salaries according to them. Hence, a payroll software does it for you in a few clicks! All you need to do is select the compliances which are applicable to you!

– Industry and Segment Agnostic

A payroll software is usually standardised. This is because payroll is a necessary HR Process in every industry. Paying employees and calculating the pay is a need in every segment. And as the product is segment and industry agnostic, any one can implement a payroll in their organisation. Any organisation can install a payroll regardless of its size or industry it belongs to.

– Quick disbursement of Salaries and payslips

As if calculating salaries was not excruciating enough, HR has to process the salaries and payslips as well. Making every individual payslips. Then depositing the salaries into the employees’ bank accounts. Sounds like a nightmare, doesn’t it? But no more pain with a payroll system! Disbursement of salaries and payslips is just a few clicks away!

  • Disadvantages

– Low Confidentiality

The major risk linked with payroll softwares is the lack of confidentiality. As the solution providers usually don’t have a dedicated server for every single client, data can get leaked. Even on cloud servers there are chances of data leak. There is no real solution to this problem unless you have an on premise server. One advice that a smart HR should follow is to go for a reliable solution provider. HR and Managers need to be aware of the market and not fall in the traps of  “Cheap or Free” payroll. One always needs to check the genuinity of the product as well as the provider.

– Too many solution providers

Another major problem is having too many options in the market. Now, don’t get this wrong. It is always good to have options but not when there are way too many! Especially when people try to fool others with words like “Free”.  Again, you always need to verify the genuinity of the software and the solution provider.

In conclusion, a payroll solution is a must in every organisation. But when it comes to considering a payroll, one must do a detailed research on the authenticity of the solution provider. Spine HR Suite offers you a powerful payroll system with many more modules! You can learn more about Spine Payroll here.

25Jun

3 ways in which an HRMS will help you cut costs.

HRMS is beneficial, without a doubt, but isn’t it expensive?

We’re about to debunk this notion today! You might have heard a lot about how HRMS improves the performance of your organisation. But if you dig behind the surface and across the board, an HRM system is also more cost-effective. For better comprehension, We’ve classified the cost affecting factors in 3 heads:

  • Direct Cost Cutting:

Since an HR system automates the HR processes that would otherwise be performed manually. Also, it aids in cost reduction. This saves both time and money. These are the ways that an HRMS lowers the costs of the HR process:

– Minimal Staffing

Many crucial HR functions can be automated using HR software. This lessens the need for overstaffing. Of course a business still needs HR Staff to manage the workforce and carry out other important activities. But, the introduction of HRMS does guarantee a decrease in overstaffing. And hence lowering staffing costs.

– Less Office Materials Required

Office supplies include registers, pencils, filing cabinets, and other such small office items. An HRMS automates processes and makes a digital note simultaneously. Hence, the need for office items has significantly decreased. Not to mention that the sector is moving away from paper. Thus investing in HR software may be your first move towards digitization and cost savings in the process.

  • Indirect Cost Cutting:

An HRMS is economical in indirect ways besides the direct ones. When you look past the first cost reduction, these advantages become clear. The following are some indirect advantages of an HRMS for your company:

– Streamlining the Process

It has been demonstrated that an HR system can improve productivity. This is because it assists managers and employees in avoiding roadblocks. This guarantees improved output and fewer interruptions. Which then improves organisational performance as a whole.

– Optimum Utilisation of Resources

By automating numerous other activities, an HRMS enables the manager to concentrate on planning. This helps them to organise the process and guarantee the best possible use of the available resources. This minimises both time and resource waste while also lowering resource costs.

– Other Labour Costs

The use of human resource software also lowers labour expenses. As staffing for jobs like petty cash manager and similar positions is not required anymore. The need for these “extra labour costs” can be removed if these tasks are automated via HRMS.

  • Better HCM

A firm benefits from a positive work environment in addition to just lowering costs. As it assists the company increase productivity and maintain stronger relationships with staff. An employee that is content and happy with their job will work harder and end up being a better asset. Here are some ways an HRMS can aid in better managing your human capital:

– Increased Workforce Engagement

Engaging in person with employees and allowing them to speak their minds is one approach to improve relationships with them. Employees can express their opinions on the discussion board using HRMS and feel satisfied. You can track development more precisely when there is higher employee engagement.

– Enhanced Retention of Employees

A high employee retention rate demonstrates how well you treat your staff and how happy they are. Maintaining a high staff retention rate is crucial because it boosts your company’s reputation.

In conclusion, implementing HR software improves organisational performance while also being more cost-effective. An HR software can assist you in reducing expenses and enhancing organisational performance in many  ways.

Your HR processes can be automated with the help of Spine HR Suite, a fantastic HR partner that won’t break the bank. You can read how HRMS benefits your organisation’s performance? if you’re still unsure about it.

24Jun

HRMS in Huge organisations- A necessity?

Huge workforce? Too many unfinished tasks? Year end blues? Don’t worry; HRMS will save the day

The need for HRMS in smaller organisations is covered in a previous blog. Now, it is the time to explore why an HRM system is essential in larger organisations. Regardless of the staff size, an HR software always provides you with reliable and efficient performance and report data. Regardless of whether the organisation has 1000 employees or more than 5000. The elements that make HRMS essential in sizable organisations are outlined below:

– Huge Employee Count

It goes without saying that larger organisations have more employees than smaller ones. The number of employees may be between a thousand and 5,000 or more. A large workforce necessitates better and more effective management. The old, manual method of managing the workforce is excellent, but it has a lot of drawbacks. On the other side, HRMS automates the time-consuming procedures and frees up managers to concentrate on raising production.

– Tracking Individual Performance 

The complexity of monitoring and managing performance also grows as the number of staff rises. By implementing an HR System, the employer is guaranteed to have access to growth statistics, performance metrics, and the overall productivity snapshot at their fingertips, whenever and wherever they need it.

– Leaves & Substitution

When you can designate stand-ins for the staff on vacation, why skip a day’s worth of work? Using an HCM software makes it simple to track, communicate, and assign substitutes for the day. Because every day has an impact on the company’s performance, keeping track of this data is essential. Additionally, a large workforce makes it more difficult for the management to interact with the worker who is designated as the replacement. This issue is addressed by HRMS by informing the designated replacement in advance.

– Payroll Automation

Month endings are the worst, let’s face it! HR’s responsibility for workforce management is hampered by cumbersome chores. Chores like attendance, leave and arrears calculation, salary calculation, etc.

With an HRMS in place, computations and payments can be fully automated. This frees up HR to focus on workforce management and maintaining a positive, goal-oriented workplace environment.

– Scheduling Resources

Let’s face it: a larger staff makes direct communication more challenging and increases the likelihood of miscommunication. It takes work to assign the right tasks to the right resources. It’s possible for a manager to overlook something in communication or for it to get lost throughout the hierarchy’s layers. The employee can view the work allocated to them on the portal directly thanks to HRMS. Without the chance of confusion or misunderstanding, the Manager can give assignments directly. It is safe to say that confusion is never a possibility while using HR software.

– Overall Efficiency

If automation is implemented properly, it increases productivity. And with Spine HR Suite, productivity can be maximised. You can depend on the entire effectiveness of Spine HR Suite to meet your expectations for an HRMS.

In conclusion, Yes, an HRMS is absolutely necessary for efficiency in bigger organisations. And if you are looking for an HRMS which ticks all the 7 boxes above- Spine HR Suite is the software for you! You can learn more about Spine HR Suite here.

 

22Jun

5 Automated HR Trends which would help you grow exponentially!

The Human Resource Department is being automated at a very fast rate.

Automation here, not only implies pacing things up but also increasing their efficiency. All this while maintaining the decorum of the office and making everyone’s lives easier.

How is automation going to revolutionise HR? Here are the 5 most popular Auto-HR Trends which boost an organisation’s efficiency:

  1. Chat bots

Chatbots are intelligent software agents. They interact with users in a human-like way. And they assist them in finding solutions to their issues and to their inquiries. Chatbots can frequently take the place of needing to talk with a human agent. IBM claims that chatbots can automatically respond to up to 80% of consumers’ typical questions. Chat bots elevate the independency of employees while maintaining transparency and confidentiality. A chat bot has become a necessity in every HR Software. Spine HR Suite’s Spina is one of the most refined and intelligent chat bots in the HR Industry currently.

 

  1. Artificial Intelligence

A key component of HR automation is artificial intelligence. Including its subfields like machine learning. The main objective of artificial intelligence is to have computers think. It makes them think, act, or behave like people by simulating human intellect. All the other trends on this list are categorised under AI. Artificial Intelligence helps in every sector of HR. It boosts the efficiency of each process and even tracking employees is made easier.

 

  1. Machine Learning

Mobile-friendly applications that may collect and share instant feedback are made available to HR employees using machine learning. The quality of feedback can be improved by using machine learning to find themes and recurrent problems in employee surveys. Machine learning goes hand in hand with Artificial Intelligence. Machine learning helps regularise attendance marking and employee leaves. Alongside this, there are many more uses and potential uses in the domain of human resources as well.

 

  1. Intelligent Learning Platforms

Intelligent Learning Platform is a combination of learning objectives, recommendations, automation, and analytics. It helps in delivering a smarter, more individualised learning experience. This then encourages skill mastery and higher learning outcomes, an . In simple words, An ILP helps in continuous employee assessment. Which helps in employees’ skill building. Intelligent Learning Technology also helps in your payroll processing and recruitment as the software learns your preferences and gives you recommendations.

  1. Outsourced Recruitment

Talking about recruitment, the quickest and the easiest way of recruitment is outsourcing. And outsourcing here, does not imply a complete handover to a third party. Recruitment Outsourcing tools like resume parser, Applicant Tracking System, etc. come into play here.

 

In conclusion, HR tech is moving towards automation with great velocity. It would not be wrong if one said traditional HR would be called “Antique” a few years from now.

If you are looking for a tool with loads of automated features, Spine HR Suite is the one stop solution for you! You can learn more about Spine Technologies here.

 

20Jun

Which is better for small businesses- Manual payroll or Automation?

“It is easier for a small organisation to process payroll manually.”

Many people think this and waver away from the idea of getting a payroll software. But there are many caveats to manual payroll which they are not aware of. In this blog, we are going to talk about these drawbacks.

– Calculation

Keeping this very straightforward, calculation of salaries is a nightmare. Especially when you have to do it manually. Calculation of arrears, taxation, work hours and tallying attendance reports can get hectic. Sometimes even annoying. Being a growing organisation, you would not want to put your employees under such pressure. Immense workload is not good for employee wellbeing. On the flipside, implementation of an HRMS makes things much more easier. Spine HR Suite’s payroll module imports data from attendance and calculates the gross salary. You can then link it with the leave module. Input your tax compliances and get the Net Salary.

– Data Sources

Talking about manual payroll processing, there are usually more than one sources of data. Attendance sheet from one place, leaves from another and timesheet if you keep an hourly track. You would need information from several softwares and registers. But an HRMS, being integrated, will provide you with the necessary data. For example, Attendance when linked with payroll would transfer data from one module to another seamlessly. This would drop the hurdle of many data sources.

– Data Tracking

“Appropriate information from many registers to make a track in one more.” Manual payroll process can be summarised with this single statement. Data tracking becomes arduous when you have so many sources of data. Another challenge in manual payroll processing is reconciliation of data. As you are not very sure of where exactly the data is from, it becomes difficult to correct any errors. But with an HRMS, you always have a proper, defined data source. This makes tracking of data much simpler. HRMS lets you store data in your desired format and export it to your preferred accounting software.

– Reports & Analytics

Maintaining reports in manual payroll processing can be gruelling more than often. A report for every individual employee, department, group and the list keeps going on. And even if you manage to make the reports, interpretation becomes an issue. The reports have to be simple and interpretable by everyone who sees them. An HRMS lets you create customised reports. Employee, Department, Branch, Gender, Age group, you name it! Creating reports with Spine HR Suite is as easy as a few clicks.

There are many more benefits that an automated payroll solution like Spine HR Suite offers you. Disbursement of salaries directly in the bank accounts, payslip generation and auto-mailing and letter generation are a few of them.

In conclusion, an automated payroll is much better and economical for a smaller, growing organisation. You can read What is a payroll software and all you need to know about it here. And if you are looking for a payroll service, you would want to read 9 Essential features a payroll must offer here.  

 

17Jun

5 practices that will help you increase employee retentivity.

A good employee retention rate implies a great company!

Everyone wants good employee retention but very few know what it asks for. If you want to know the secrets of employee retention, this is the blog for you! So without any further discussion, let’s move on to 5 practices that will help you increase employees.

– Healthy Onboarding

Onboarding entails more than merely handing over a new employee’s access card and laptop. According to a 2007 study by consulting firm Wynhurst Group. New workers who go through a systematic onboarding process are 58 percent more likely to stay with the company three years later. Ensure that your workers are provided all of the information they need to accomplish their jobs with greatest efficiency. This would contain information about their job, the organisation’s reporting structure, payroll information and company policies.

– Company Culture

People are the foundation of culture. Putting your vision and aims on your website isn’t enough. Communicate your company’s beliefs, goals, and mission. This makes your employees feel like they’re a part of something worthwhile. Install a truly open-door policy and create a climate where they are free to ask questions, share feedback, and make suggestions. But without fear of being penalised for being honest of course.

– Setting Achievable Targets

This might not sound like much but setting achievable targets work wonders. Setting achievable targets helps you boost employee morale. As the employees feel they are an integral part of the department and have achieved well. In the longer term, maintaining employee wellbeing helps in employee retention as well.

– Mentoring & Training

Employers who invest in their employees’ training and development tend to have more loyal employees. Employees feel valued and motivated when companies provide possibilities for up-skilling and reskilling. Provide a well-defined mentorship programme. Also build staff development plans to keep people invested in the organisation for the long term.

– Proper Hiring

Rather than soloists seeking individual glory, hire people who are willing to work in groups. Clarify team and company goals and foster a collaborative and teamwork culture. Because everyone is different, make sure you hire people who bring valuable synergy to the table. Mark important anniversaries and accomplishments. Even buying a few team lunches can improve morale and teamwork! You might want to read 6 HRMS tools which enhance recruitment efficiency.

In conclusion, employee retention is not as difficult as some people make it seem. It requires participation and two way communication though. And what’s a better way to keep in touch with your employees directly than an HRMS? Spine HR Suite helps you boost retentivity by helping you communicate better. Not on this, it also helps in increasing employee efficiency boosting their productivity. You can learn more about Spine HR Suit here.

16Jun

3 Reasons Gen Z is still not willing to work in-office.

Gen Z is simply lazy and does not want to work in office.

Now that is an incorrect statement. Gen Z is not lazy and in fact, according to a research at Indeed, Gen Z have shown more productivity when it comes to technical work. But with regards to the work in the office, Gen Z does seem to hesitate a bit. There are 3 main reasons for this-

  • No full-time Office Experience

Change is necessary but not easy to accept. The very first reason Gen Z does not want to work in-office is the mere lack of experience. 82% of Gen Z-ers surveyed by Indeed said they have never worked in an office environment full-time. Of that percentage, nearly all (92%) also said they feel like they are missing out on traditional workplace experiences. And 85% said they worry that they are at a disadvantage. A disadvantage which comes in learning professional “soft skills” due to never working in a more traditional full-time role. Nearly 87% of these 82% Gen Z-ers also said that they will switch jobs if given an option of remote working somewhere else.

  • Demand for Flexibility

Offering flexibility, among other benefits, can help companies recruit and retain young people. According to Indeed’s May 2022 survey, 95 percent of Gen Z-ers are thinking and 78 percent are actively seeking for a job that allows them to work from home. In the opinion of these Gen Z-ers, the pros of work from home outweigh its cons. In fact, most young people have started their professional career after the lockdown. Amidst the lockdown, people have grown comfortable working from home. And due to this, it has become difficult for Gen Z who have started their career with WFH to switch to the traditional method.

  • Lack of Soft Skills

As mentioned above, Gen Z has started its career in the lockdown. It was extremely difficult for them to get professional “soft skill” training. Helping your employees learn “Soft skills” also helps in maintaining a healthy wellbeing. Here are some things you can practise to improve and hone your soft skills:

– Practice reflective listening

– Respectfully develop relationships

– Adopt practices that encourage inclusivity

– Do your part to contribute to a kind working environment

– Learn to communicate your needs

 

In conclusion, Gen Z is not lazy but just under aware and scared. Despite their concern more than half of Gen Z -ers surveyed, reported career anxiety. Young professionals don’t appear to be compromising on their values anytime soon. In fact, they want employers whose moral code matches theirs.

 

15Jun

3 Reasons startups are slowing down on hiring.

2022 is already showing signs of recovery for the industry but why are startups slowing down on hiring?

Many have made predictions about the industry recovering from the losses in the past 2 years in 2022. But against these predictions, Startups have boosting layoff rates. In fact, they are also lowering their hiring rates. Why might one ask? Following are the reasons:

– Low Profitability

While many of the firms have been able to generate revenue, they are yet to achieve profitability. Investors have put a lot of pressure on these businesses to show that they are profitable. Companies have been cutting headcount to minimise costs in order to achieve this.

“This slowdown and bout of downsizing does not come as a surprise, since these startups, which were heavily funded, were hiring irrationally last year. This kind of rationalisation was expected from  them. Their hiring intent is bound to slow down and remain so for a while.” said Chandel to HRKatha

– Pressure from Investors

Most startups rely on outside funding to build their businesses. The majority of their finances come from foreign investors. These investors are hit hard by the financial shortage and disruptions brought on by the Ukraine-Russia conflict.

– Slow Growth

This year, substantially backed startups were expected to develop at a significantly faster rate. However, they were unable to reach that expansion. This is one of the reasons for the startup ecosystem’s massive layoffs.

More layoffs are likely in the future, according to an HR professional who works closely with startups to help them expand. And that the recovery from this catastrophe will take around a year. He adds.

As we can see, Startups are slowing down on hiring while being quick at massive layoffs. The major reasons for this catastrophe are listed above. But besides that, one more reason is the inefficiency of the hiring system.

If a company hires unskilled employees it’ll have to spend more on training and this is not efficient for startups. A great solution to this is implementation of a Recruitment System. A Recruitment System provides you with many useful tools to boost recruitment efficiency. Applicant Tracking System (ATS), Resume Parser and Interview Tracking.

A dedicated Recruitment System though, on its own, can be expensive for a startup. Spine HR Suite comes with a Recruitment and Onboarding module. Being Modular makes Spine HR Suite much more affordable than other Recruitment Solutions. Spine HR Suite also offers other modules like Payroll, Attendance and Timesheet. This means as the organisation grows you can add modules and build a full-fledged HRMS. You can learn more about Spine HR Suite here.

 

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