Whether it’s a small-sized startup or a large organization, every business needs proper HR software that streamlines the work of its HR department. Without these tools, a company might just be wasting its HR managers’ potential, as they’d be stuck doing repetitive tasks all day, and nothing really will get done.
When you look at the traditional methods used for managing human resources, you quickly realize how tedious they were. It always ends up being the most complicated process to maintain. Modern HR tools are built with precision and accuracy in mind; with automation capabilities, the HR department gets enough time to build meaningful business strategies.
But only getting such a tool isn’t enough, you have to choose the right one by evaluating your business’s needs. Further, it would help if you had a tool with the right features, one that not only eases the unnecessary burden on your employees but also streamlines every other process. Here are four features you should consider getting in your next HR management software.
Absenteeism is a real issue in many businesses, which often becomes a primary factor for low productivity and work gap over time. Further, accurately recording employees’ attendance is necessary; to provide the right pay for the amount of time they worked and to ensure there are no time thefts.
Things such as buddy punching are pretty common in companies that still record attendance using traditional means. It’s unethical and it might be increasing the overall cost. Modern HR software comes with attendance management software that provides automated attendance recording, completely eliminating the possibility of human errors.
Further, with integration features built-in, you can connect the attendance management module to payroll, streamlining the whole process.
Applicant Tracking System
Since we know employees are crucial for the business, hiring the right ones is equally essential. Bad hires disrupt the workflow and increase the company’s recruitment costs, as you will need to go through the whole hiring process all over again. And not to mention the inability of traditional methods to identify ideal resources and platforms to find the right candidate.
A business is often what its employees tend to be; if they are productive, the business will flourish. If the employees are lazy and unproductive, the business will face constant losses. Hence, having an applicant tracking system is a must, to streamline your recruitment process.
An applicant tracking system enables businesses to find the right platform where ideal candidates for a position would usually hang out, automate job listings, filter out the candidate applications and arrange interviews for the remaining candidates.
Further, the ability to create talent pools is a brilliant addition. There are often more than one capable candidate for one position, or a candidate might be suitable for another post in your company. Candidate pools eliminate the need to go through the hiring process all over again, as you already have the ideal options in your repository.
Since the market trends are ever-changing, your employees must update their skills constantly to keep up with the change. And that’s only possible by keeping the skill gap to a minimum. Further, offering development opportunities to employees will only enhance your business’s overall performance.
A performance management software will help develop meaningful training strategies for your employees and will help create a better evaluation process. Gone are the days when yearly performance reviews used to work.
To improve employee productivity, you need regular evaluations. Evaluating employee performance regularly allows managers to understand the exact issue that led to the change in performance, which will provide better opportunities in building training programs.
HR Analytics Tools
Every process offers valuable data that offers meaningful insights about the state of your business and its employees. This information can then be used for developing effective strategies to improve the process and lead the company to its goals.
But it is not possible to understand this data with traditional methods of HR management. Hence the need for HRMS software with an analytics tool that provides detailed information about each process. This data can help you improve recruitment, reduce attrition rates and develop effective training programs.