Category: Spine Blogs

Wondering what is the “TDS” row in your salary slip? Or want to know more about what is TDS? If yes, then this is the blog you’re looking for! So without further discussion, let’s start by know what exactly is TDS?

• What is TDS?

 

TDS is an abbreviation for Tax Deducted at Source. The concept of TDS was introduced to streamline the tax collection process by collecting the taxes at the source itself. As per this concept, a person (deductor) who is liable to make payment of specified nature to any other person (deductee) shall deduct tax at source and remit the same into the account of the Central Government. The deductee from whose income tax has been deducted at source would be entitled to get credit of the amount so deducted on the basis of Form 26AS or TDS certificate issued by the deductor.

 

• How TDS Works?

 

TDS works on the concept that every person making specified type of payments to any person shall deduct tax at the rates prescribed in the Income Tax Act at source and deposit the same into the government’s account.

The Deductee can, thus, view or check the TDS from incomes paid to him by viewing the Form 26AS. Each deductor is also duty bound to issue a TDS certificate certifying how much amount is deducted in the deductee’s name and deposited with the government.

 

• How to pay Tax Deducted/Collected at source?

 

Tax deducted or collected at source shall be deposited to the credit of the Central Government by following modes:

 

1. Electronic mode: E-Payment is mandatory for
2. a) All corporate assesses; and
3. b) All assesses (other than company) to whom provisions of section 44AB of the Income Tax Act, 1961 are applicable.

 

2. Physical Mode: By furnishing the Challan 281 in the authorized bank branch

 

• How to avoid/save TDS?

 

There is no absolute way by which you can avoid TDS. It is the duty of a professional to pay Tax Deducted at Source. The only way one can dodge Tax Deducted at Source is if his/her income is below the prescribed level of income that is rupees 2.5 laks for citizens under 60 years of age residing in India.

In Conclusion, a professional who is eligible for, is obligated to pay Tax Deducted at Source (TDS). There is no need for the employee (deductee) to stress about TDS payment as that is the the duty of the employer (deductor). If you are eligible to pay TDS, you should ask for your TDS certificate right now if you haven’t received it yet!

 

Are you an employer and are confused and stressed out about the year end hassles? Well then, Spine HR Suite is the pain killer you’re looking for! Not only you can calculate payroll, regulate attendance and automate all the HR Processes while cutting down the costs, you can also stay in lone with the government guidelines, compare the old regime and new regime and then alculate your taxes accordingly! And the best lart about it, everything is at just one place! You can learn more about Spine HR Suite here.

It has been almost two years since the pandemic has struck the world and everyone has been forced to sit at their houses. While the world is recovering quickly from the damage the pandemic has done, it has also brought many new and improved things to the corporate world. Remote working being one of them! The simple answer to “Is remote working going to stick around even after the pandemic?” is Yes! Of Course it is here to stay as it is a step towards digitisation and it holds no major caveats as of now!

 

The two major factors that make “Work From Home” as special as it is, are listed below:

 

• Allows employees to work at their convenience

This might seem counter intuitive but employees  tend to deliver better quality and quantity of work while they are working from home. This is because the employees can now have a flexible schedule and more hours for rest as they do not have to travel to the office. Now having the “office environment” can be a bit dicey but organisations have not seen a fall in the level of productivity after adopting the digital mode of working, yet.

 

• Cuts travelling and electricity costs

Now coming to the benefits that the digital mode brings to the table for the organisations, it helps you cut down your employee costs. As the employee does not have to come to the office everyday, their travelling allowance is saved. Since the office premises aren’t functional seven days a week, the electricity consumption is greatly reduced, cutting down the expenditure on electricity as well.

 

“Yeah Work from home sounds great and all but how do we manage employees when they don’t even come to the office? How does this digital mode affect us?” Well, the answer to all your queries is, Implementation of an HRMS! How? Continue reading to find out how!

 

How HRMS will boost work from home efficiency?

 

• Improved Recruitment Efficacy

Everyone knows how important recruitment is for an organisation. But there are many caveats relating to the traditional method. Be it resume parsing or document collection, the manual process was inefficient and tiresome. An HRMS will help you tackle all these limitations. Being automated, an HR Software is way quicker than manual efforts and accurate as well. You can read more about how an HRMS improves the recruitment process here.

 

• Quicker Onboarding

Onboarding an employee has always been a task for the HR. Collection of documents, arrangements for training, conducting training, tracking the progress of the joinee. All these processes become hectic as there are a number of joinees and only limited resources. All these factors make the onboarding process obtuse. Implementation of HRMS automates all these processes and your human resource can focus on managing the workforce more efficiently. That’s a win-win!

 

• Workflow Setup

While comparing the digital mode of working to the traditional way, people often put forth the point of hierarchy. “Work from home misses the personal touch” is what they say. Spine HR Suite allows you to create various levels of control and approval. This ensures the hierarchy that makes the traditional method great and adds to the greatness by being digital! If you wish to know more about how HRMS improvises workflow, you can read this blog.

 

• Improved Communication

Another debatable factor about the remote working is that it does not allow employees to communicate directly and freely. Well that is debatable for sure because as far as communication is concerned, it is subjective and varies from employee to employee. What an HRMS does is that it lets the employees know the whole workflow and approver levels so that they can contact the concerned person directly. This ensures that there are no gaps in communication, prevents miscommunication and saves time in the process.

 

• Better Employee Management

Now coming to the primary function of an HR Software. One might guess that the primary function of an HRMS is simply making the job of an HR less tedious. But that’s just scratching the surface. Implementation of an HRM System liberates the HR from tasks like register maintenance, payroll calculation and creation of excel sheets and reports and enables them to focus more on productivity of the employees and how it can be raised. You can learn more about how HRMS helps in managing the employees better here.

 

In Conclusion, pandemic or not, Remote working is here to stay! While many big names in the industry are opting WFH as their primary mode of working, one cannot deny that WFH is the future of offices and how they will be operated.

 

An all in one solution for your HR and WFH needs is Spine HR Suite! Being modular it is scalable and flexible. This makes Spine HR Suite the perfect match for any organisation. Having over two decades of experience and clients in more than thirty segments, Spine Technologies is one of the most trusted HR Solution providers in India and Abroad!

It is almost the end of the Financial Year 2021-2022. Which means, it’s the time to file your IT returns. So here are we, to your aid! Read to know how can salaried employees save taxes this year end?

 

First off, let us understand why paying income tax is important to you as a salaried individual. Below listed are the benefits you derieve from filing your IT returns:

• Better Loan Eligibility
• Easy Tax Refunds
• Easy Claim of Tax Deductions
• Avoid Tax Penalties
• Better Visa Application Processing

 

These are just some benefits of filing Income Tax Returns. But you know what else is important? Saving Taxes! Because who doesn’t like Tax Saving and investments?

 

Here are some ways in which you can save taxes as an employee-

• Professional Tax

 

As Professional Tax is levied by the state government and is deducted from your gross salary, you do not need to pay it again from your net income. Professional Tax is usually rupees 2500 and is deducted by the employer at the time of disbursement of salary.

 

• Exemption under section 89(1)

 

As per section 89(1) of the Income Tax Act, Salary received in arrears or advance is allowed for relief in taxes.

 

• Exemption from the Receipt Upon Opting for Voluntary Retirement

 

As per Section 10(10C), any compensation on voluntary retirement or separation is exempted from tax. The exemption is subjected to the pre-requisite that the receipts comply with rule 2BA. Also, the maximum compensation received should not exceed Rs. 5,00,000.

 

• Employee Contribution to Provident Fund (PF)

 

The PF is usually is 12% of the basic salary. The government decides the interest rate which is about 8.65%. Therefore, upon maturity, the returns are exempted from tax. Also, EPF contributions can be claimed for tax exemption under Section 80C of the Income Tax Act.

 

• Home and Education Loans

 

You can claim a tax deduction for interest on a home loan of up to Rs 2,00,000 in a financial year under section 24. Moreover, you can claim the tax deduction of principal amount repayment under section 80C of up to Rs 1.5 lakhs.

You can claim a tax deduction against the interest on education. Such interest must be paid out of your income chargeable to tax for the financial year.

 

• Medical Insurance

A salaried employee can claim a deduction against the medical insurance under section 80D. Such medical or health insurance must be taken to cover their spouse, dependent children, or parents. You can claim Rs 25,000 against insurance premium paid towards to cover their spouse, dependent children.

 

• Deductions

Every month, the employer deduct a part of your total income tax as Tax Deducted at Source (TDS).  This is a significant portion for a salaried employee. Furthermore, the employer provides details of the tax deducted in Form 16 (TDS certificate). You can learn more about Form 16 here.

 

You know what else can help an organisation save and calculate taxes? Implementation of an HRMS! If you are looking for an HRMS, Spine HR Suite is the one stop solution for you!

As the year end is nearing, people are rushing towards tax payments and savings. But what do you have to keep in mind as an employee? Know what is Form 16 and how is it beneficial for you as an employee.

 

What is Form 16?

Form 16/ 16A is the certificate of deduction of tax at source and issued on deduction of tax by the employer on behalf of the employees. These certificates provide details of TDS / TCS for various transactions between deductor and deductee. It is mandatory to issue these certificates to Taxpayers.

 

Am I eligible for Form 16?

You are eligible for it if your salary is more than 2.5 lakhs per annum.

 

Contents of Form 16

The Form 16 contains all the details of tax payment like amount, Challan number, cheque number, Demand Draft number etc. Personal details of the employee, like name, Permanent Account Number (PAN) etc. Acknowledgement of the number of the taxes paid by the employer. Taxes deducted as per sections 191A and much more.

 

Why is it beneficial for you as an employee?

 

• TDS Verification

Form 16 can only be issued when your employer has deposited your TDS in the central government account. This ensures that your employer has actually paid the TDS which was promised to be paid from your salary. It not only acts as a proof that you have paid the TDS but also is a surety that the TDS amount deducted from your salary and TDS amount deposited is the same.

 

• Compute Tax Liability

Form 16 also helps you calculate your tax liability. This enables you to pay your remaining taxes in time or seek refunds by filing your returns on time. While the responsibility of TDS falls upon the employer, the employee has to make sure that his/her taxes are paid on time and he/she is not overdue.

 

• Loans

When applying for a loan, be it home, vehicle or personal, one is asked for their income tax returns. it acts as a handy tool to provide your salary breakdown and tax liabilities which helps in the better assessment of your loan application. Form 16A and 16B combined also reflects your tax saving investments and any other investments schemes that may be leeching your money. Meanwhile it provides a good idea of your loan repayment ability to the lender as well.

 

• Visa Processing

Along with income proof, many foreign embassies and consulates also demand for Form 16 of the past two years to get an idea of the financial stability of the particular salaried individual. This helps them assess if the individual can manage the finances of staying abroad.

 

• Credit Card

Presenting the Form 16 of the past two years is crucial for an employee while applying for a credit card. Form 16 acts as an income proof which gives the financial institutions assess the applicant’s financial stability. These financial institutions also use it as a certificate to determine the credit limit of the applicant. Higher the income, higher the credit limit!

 

So, here’s how it helps you as an employee! The employer is bound by law to issue The Form 16 if your salary is more than 2.5 lakhs per annum. If you don’t receive it by mid-May, you should remind them to issue it at the earliest! While people usually struggle with the issuing of such forms and calculations of taxes, using Spine HR Suite will enable you to quickly access the form and calculate tax and salary swiftly. You can learn more about Spine HR Suite Here.

 

“How to maintain a friendly work environment?” No more crazy experiments to make employees happier! Know these 6 benefits of HRMS which which improves efficiency of you workflow.

 

“No crazy experiments” does not mean that you should not try out new things and organise events for your employees, you should go on as usual but alongside that, what you can do is, implement an HRMS! How does implementing an HRMS help maintain a healthier work environment? That is exactly what we will be discussing in this blog! The following are the factors which lend a hand in increasing the employee retention:

 

• Enhanced Recruitment Efficiency

From Resume Parsing to Employee Master Creation, an HRMS has got you covered completely!  an HR Software will still surely increase your organisation’s recruitment process by automating all the work, in some cases, even the interviews and giving you all the necessary reports. It will also help eliminate any potential negatives like personal biases, etc. But it does not end here! After Onboarding, an HRMS will still be your HR’s and your employees’ best friend! How? Here’s How HRMS benefits your organisation’s performance!

 

• Employee Self Service

Employee Self Service lets your employees view, change and/or update their personal and professional information. View SOX Compliance, Growth Graphs, Reports, Workflow and much more!  Employee Self Service is an integral part of a HRMS. It makes the employee self-sufficient and helps the manager enhance the workflow while maintaining transparency which in result will boost the productivity of your organisation. Alongside that, it helps improve the self sufficiency of the employees and aids employee retention.

 

• Increased Transparency

Going on in the lines with Employee Self Service, The major benefit of having an ESS System is that it maintains transparency between the manager and the workforce as it enables the employee to know the workflow as well. Another major benefit is that it makes your employees independent. Maintaining transparency lets you have a closer relationship with your employees as it builds trust which is absolutely necessary for a business be it clients or employees.

 

• Performance Appraisal

A Performance Management System lets you track the performance of your employees and lets you compare their performance with their own past performance. This not only helps you evaluate the growth in the performance but also lets the employee recognise their weaknesses and strengths. This will assist the employee’s growth and who does not want to grow? Having a Performance Management system is like killing two birds with a stone- Increased overall performance and Increased employee retention.

 

• Reminders for Events & Anniversaries

An HRMS allows the HR to post about events and important announcements on the dashboard wall and make them known to all employees. This makes it so that no employee is unaware of the event and other important announcements. The Portal displays Birthdays and Anniversaries on the Dashboard which is visible to all employees. Now that’s one way to maintain an employee friendly environment!

 

In short, an HRMS not just helps you increase the efficacy of your HR Processes but also greatly increases employee retention by creating a healthy, friendlier work environment! Hence these 6 benefits of HRMS boosts your work performance.

 

Now coming to what HRMS you should opt for?

An HRMS which will help you boost your basic HR Carry outs but does not make a hole in your wallet. Spine HR Suite is one such service provider and you should absolutely consider Spine HR Suite as an option. You can get a detailed guide here Top 6 features that you should consider while choosing HRMS.

 

 

“Can Fixed Assets Management System be implemented in any segment?” Well, yes it can be! This blog talks about 5 ways in which Fixed Assets Management benefits a Manufacturing Company!

 

A Manufacturing Concern is an organisation belonging to the manufacturing industry. These organisations need many different assets, to name some of them- Raw Material, Conveyor Systems, Boilers, Motors, Generators, Robotics and other such plants and machinery. An array of assets are brought into use from perishable to heavy duty. A Dynamic and Efficient System needs to be implemented so that the organisations can get the most out of these assets.

 

Here are 5 benefits that an FAMS provides to a Manufacturing Organisation:

• Centralisation of Data

 

A manufacturing concern is often geographically widespread and has many units spread across the country and sometimes even multiple countries. It is an arduous task to maintain a track of all the assets involved in the manufacturing process. Being distant makes the task even more hectic. A Fixed Asset Management System makes the tracking way easier by automating the whole process. Not only that, an FAMS also lets you segregate assets based on location, branch and other such categories. All this information collected at one place allows you to extract this information without going through the hectic process of going through many reports.

 

• Asset Lifecycle

An asset life cycle is the series of stages involved in the management of an asset. It starts with the planning stages when the need for an asset is identified, and continues all the way through its useful life and eventual disposal. Lifecycle management aids you in tracking the total value added by your asset to the organisation. A manufacturing concern needs to maintain the track of the life cycle of its assets as every little bit on the production line affects your total net cost and net gain. An FAMS lets you record your assets from the onboarding to its disposal. This ensures that you have a track of every little detail of the lifecycle of the asset.

 

• Scheduled Maintenance

 

Maintenance of assets is as important as getting the best amount of output from it. But does anyone actually have the time to get behind every single asset owned by the organisation? You can get email reminders and notifications on your dashboard with a Fixed Assets Software implemented. This ensures that all your production equipment is in top condition for optimum output. Renewals of SSL, SQL certificates of your organisation’s website, the firewalls and many more renewals and payments due can be scheduled with an FAMS.

 

• Tracking of Consumables

 

Another issue that is very common in manufacturing organisations is the tracking of consumables which are used in production. Managing consumables is a very hectic process as you are not only overwhelmed by the workload but also are very time bound. Consumables are perishable obviously, so they need to be tracked as quickly as possible. An FAMS automates all these processes which result in quick recording of consumables while maintaining efficiency. Hence fixed assets management software benefits a Manufacturing Company in numerous ways.

 

• Depreciation Calculator

 

Calculation of depreciation is a nightmare, don’t we all agree on this? According to what schedule the depreciation is to be calculated? Quick and Automated calculation of depreciation ensures that the depreciation reports are accurate and created swiftly. An FAMS truly converts depreciation nightmares into sweet dreams!

 

All in all, a manufacturing concern needs a system which lets it be on its toes as things move quickly on the production line. The industry demands swift solutions for all the problems and instant overcoming of obstacles. A Fixed Assets Management Software makes it so that the solutions that are looking for are just clicks away!

 

Hence these were the 5 ways in which fixed assets management system benefits a Manufacturing Company

If you are looking for a reliable Fixed Assets Management software, Spine Assets is a great option in the market with 2 different options of deployment, over two decades of experience and international presence! Click here to learn more about Spine Assets!

 

Let’s talk a bit about attendance and leave management. No one likes the hectic old method of maintaining a register or an excel sheet for each day. Here’s when the saviour, HRMS comes into play! HRMS improves Leave and Attendance Management indeed. How? Well, here’s how!

• Tracking Leaves

Registers for tracking leaves? No one has time for that now! It is the age of automation and organisations need to have it done as soon as possible. Tracking Leaves is an essential process as it directly hinders the organisation’s processes as a whole. If there is good leave planning and management in the organisation, its productivity gets far from being impeded. Having an HRMS ensures that you have the best of leave management and tracking system. Spine HR Suite comes with a module specially dedicated to Leave Planning, Tracking and Management.

 

• Leave Planning

Going hand in hand with tracking leaves is planning leaves. Planning leaves enables you to tackle many obstacles like losing a day of productivity just because an employee is not on duty. A leave planner allows you to plan leaves in advance so that you are aware of that particular employee’s absence and you can nominate or approve a substitute for that employee. This also goes along with mini vacations, you can plan a vacation and nominate another employee for those particular days so that there’s no hindrance in productivity.

 

• Geo- Fencing

Let’s discuss Geo-Fencing. Geo-Fencing is a feature that is often overlooked but it is a piece of technology that holds a lot of utility. Geo- Fencing allows you to create a virtual geographical boundary around the office workspace. This boundary ensures that your employees stay in the premises of the office. Ultimately, this boosts the organisation’s efficiency by eliminating proxy marking of attendance. You can learn more about Geo- Fencing and Geo- Tagging here.

 

• Geo-Tagging

An important factor in attendance marking is the authenticity of the attendance. Due to the pandemic and the new trend of “Work From Home” many employees have been marking proxy attendance. But to counter this issue HRM Solution Providers have integrated the technology of Geo-Tagging which allows you to record the location of your employees when they mark their attendance. This helps you ensure the authenticity of the attendance marked. Spine HR Suite offers you Geo- Fencing as well as Geo- Tagging for the maximum authenticity verification.

 

• Substitute Nomination

As talked above, nomination of a substitute when taking a leave is very crucial as it might directly affect the output. The question which arises is, how do you nominate another employee as a substitute? With Spine HR Suite’s Leave planner, you can directly nominate a substitute, get approval from the manager and you are basically good to go! This also makes that so the nomination is notified to everyone, not hindering the workflow. All in all, it affects the performance of the workforce positively leading to uninterrupted flow of tasks and productivity.

Concluding, implementation of an HRMS helps you out with managing the attendance and leaves of employees better. It ensures maximum performance by using various methods and features that are extremely useful for a streamlined flow of the tasks carried out. Hence HRMS improves Leave and Attendance Management and ensures smooth workflow!

 

If you are looking to boost your Attendance and Leave Management capability by investing in an HRMS but are confused about the options, Spine HR Suite is the solution you are looking for! Having all the above mentioned features and many more! You can check out Spine HR Suite here!

“Why to Invest in a Human Resource Management System (HRMS)?” a question that many of you might have.

 

Just like an asset is an investment for an organisation, an HR System is an investment as well. “How?” You might ask, that’s exactly what we are going to discuss in this blog!

 

Cuts down costs

Starting off, implementing an HRMS cuts costs directly and indirectly as well. That is one trait of an asset! But what costs does an HR Software save? That is exactly what we are going to discuss now!

 

1. Office Supplies

Needless to say, switching to the digital mode will reduce the money you spend on office supplies like files, cabinets, stationery and other such office supplies. This seems like a petty expense but in the longer term it sums up as a huge amount. Decluttering the office space increases rain efficiency and hence, productivity.

 

2. Other Labour Costs

Coming to the indirect cost cutting, An HRM software saves you hiring & recruitment costs and other such employee related costs. These inevitable costs can be greatly brought down with an HRMS. Alongside these recruitment costs, other expenses like Outsourcing Payroll Management, Attendance and other such complicated tasks and Physical Onboarding costs can be greatly diminished as well.

 

Investment for the organisation

An HRMS could either be a marginal recurring expense or a one time investment. An HR Software provides you with flexibility of personalisation as well as is standardised enough for you to make it a perfect fit for your organisation. With 19 different modules and 3 different options of deployment Spine HR Suite is for sure an Investment for your organisation.

 

Return on Investment

What is one more trait of an investment? It should provide you with returns as well right? What are the returns on investment with respect to an HRMS one might ask. So now, let us talk about the returns you are earning on this investment:

 

1. More Economical

Implementation of an HR Software not only boosts organisational performance but also is more economic. There are various ways in which an HR Software helps you cut down your costs and improve organisational performance. For a detailed explanation on how exactly an HR Software is more economical for your organisation, you can read this blog.

2. Better Employee Management

Implementation of an HRMS is sure to direct you towards enhanced human capital management. An HR Software will increase transparency among you and your employees. Which will surely result in better employee management. Features like discussion forum and ESS Portal will help in increasing engagement with and among your employees and all these factors will increase your organisation’s employee retention rate! Like such, an HRMS ensures improved employee management.

 

3. Boosts organisational Efficacy

Besides automating HR Processes, one another major reason why people shift to the automated mode of carrying out HR Tasks is increasing their organisation’s efficiency. Keeping things short, an HRMS lets the managers supervise and direct the employees more efficiently. HR Management System greatly increases the productivity and performance of your organisation by automating the tedious work done by the employees, allowing them to focus more on tasks that need more planning.

 

In Conclusion, investing in an HRMS is no less than investing in an asset. It provides you a long term benefit, gives you returns on your investment, raises the reputation of your organisation and raises the employee retention rate. Like this, an HRMS checks all boxes and qualifies for being an asset! If you are planning to make an investment in an HRMS, Spine HR Suite is a great product with 20 years of industry presence!

“SCALABILITY” we are sure you must have heard this term way too many times with regards to an HRMS, but what does it mean? And more importantly How does it affect your organisation? Well, that’s exactly what we are going to discuss in this blog that is what is scalable HRMS and why you need it.

 

What is Scalability?

Scalability, technically, is the measure of a system’s ability to increase or decrease in performance and cost in response to changes in application and system processing demands. An HR Software should be scalable at its base. This ensures that it is not just limited to bigger organisations.

 

Now, coming to what exactly are the benefits of a scalable HRM Software.

 

• Grows with you

How exactly does a software “Grow” with you?

Let’s say you are an organisation that is just starting out and you choose to get Spine HR Suite to manage your HR activities and Workforce. Spine HR Suite is a completely modular system, so you can pick and choose from 19 different modules to make the perfect fit for your organisation. Once you start growing and expanding your workforce you can add on more modules and make your HR Processes even more streamlined. The software is also responsive which ensures that it runs smoothly even when you have a huge workforce.

Simply put, a scalable HRMS allows you to use one single software throughout the lifecycle of your organisation.

 

• Segment Agnostic

“Segment Agnostic” in terms of a HR Software, is a solution, that any organisation belonging to any industry can use the product regardless of the size, number of employees, their specific requirements like shift timings, etc. There are very few providers who stand in terms of being “Segment Agnostic”. Spine HR Suite is one of the very few. Also,Spine HR Suite offers you 3 different deployment options– On Premise, SaaS and Hybrid. This adds to the segment agnosticity of a software.

Being Segment Agnostic allows an HRMS to be scalable not just in terms of flexibility but also in terms of the segments it serves.

 

• Workforce Recognition

A scalable HRMS enables you to recognise your workforce as it helps you segregate your workforce with respect to the level of their skills i.e unskilled, semi-skilled and skilled. This ensures the assignment of proper work to the proper employee. Carrying out the task as such makes sure that you utilise your human capital in the most efficient way possible, ultimately boosting the organisation’s performance.

 

• Cost Effective

As discussed above, an HRMS is usually modular and this makes it so that an organisation, regardless of its size can afford it. One does not need to purchase the whole package and have a dedicated server for the system. A scalable software, needless to say is cost effective as it is modular. Spine HR Suite being modular as well as having all 3 methods of deployment is one of the most economical HRM softwares in the market.

 

• Standardisation

Standardisation simply put, is making a product such that it is generalised and anyone can put it into use. But at the same time the product is personalisable so that it can be once set to get a desired result.  Spine HR Suite is a standardised product with a level of personalisation that allows you to implement the software to be in line with your organisation’s regulatory compliances and other rules and regulations like shift timings, leave policies, etc. A standardised software, allows you to implement it irrespective of the industry your organisation falls into. A scalable software is generally standardised as well, so that it can be implemented as per your choice.

 

Concluding, an HRMS should be scalable to ensure that there are no entry levels for someone who wants to implement it. Spine HR Suite is one such scalable software. You can visit Spine Technologies to learn more.