One of the biggest differences between conglomerates and the aspiring SMES is the way they drive their human resources. The larger entities deal with their employees in a far more exciting manner so as to become dream brands for the employees. This article shall throw some light on the factors that contribute to HR Software being most suitable for the SME sector in the India subcontinent as a game changer in organizational evolution. The benefits include:
Automated Payroll and Legal Security:
The HR professionals complain about the mundane workload of the payroll processing as they need to collect inputs from the scattered sources in the organization. Moreover, they need to compile the data in multiple spreadsheets and make individual calculations for each employee keeping in their mind the statutory compliances as applicable. Still, they struggle with the accuracy of the process irrespective of the endless hours they spend in the office. But an HR Software, preferably cloud-based can replace all these manual processes and increase the accuracy of the process. It uses the modules such as the Leave and Attendance Management, Travel and Expense Claim Management Module, Performance Management System in order to increase the accuracy of the process and the automation reduces the endless hours to a few minutes. This is well reflected in the legalities associated with Payroll as the Indian taxation structures happen to be one of the most complex ones around the globe. Using a cloud-based HR Software can safeguard against the legal prosecution and penalization of an unindented breach of law.
ESS Portals, Self-Onboarding for employee engagement:
The employers have a growing concern for the employee engagement but using an HR Software can simplify all the concerns related to the employee engagement. ESS (Employee Self Service) Portals provide with a centralized platform for correspondence across the organization. The employees can access the system from the comfort of their own devices at any place at the time of their convenience. They can make applications for leaves, regularize attendance, get their payslips and also track their performances which is an advantage for all the HR professionals as they need not spend time in the clerical formalities associated with their job profile. Self-Onboarding is another module where the HR hands over the credentials of the system to the new hires. They can view the company information, fill the forms, and submit the required proofs as asked by the company. The employers also find it more easy to carry these process with automation as it saves time and money while the biggest advantage being the employer being established as employee-centric one.
Talent Management:
Using the Performance Management System is very beneficial as linking the employee performance with the payroll is sought almost in every organization. The HR Software can also help by providing real-time data to the reporting managers and the HR so that they can track down the struggling employees and counsel them to provide necessary pieces of training. The introduction of gamification is also aggressively pitched as it can influence the employees in a very constructive manner. The metrics provided by the Software always serve as the basis of policy formation in any organization. This is due to the fact that the facts and figures help to make the decision making the process fast, agile and simple while driving accountability in the organization. One of the benefits of empowering a dedicated HR technology is that the MOOC platforms can be implemented which can be cost-effective alternatives to the obsolete pieces of training imparted by the same employee on each and every topic. All in all, the modules provided make the employees feel motivated and confident as they are able to access and communicate the particulars regarding their work and a work culture emphasizing on transparency, fair practices and proper incentivization of the positive traits in employees.
Thus, most of these facilities were available only to the large organizations but using the cloud-based hr software can be an ice-breaking event. They offer unparalleled profitability and make the process more efficient. Moreover, the Indian market happens to be value driven and that is where these solutions score. They come with flexible payment terms and scalability as a cherry on the top.