Every business needs to invest in HR, either with time or money. Implementing cutting-edge HR software at your company can actually help you save both.
And as your business grows, it will reach a point where it struggles to get by without an HR solution helping to automate tasks like employee absence and payroll. Here are three ways in which getting the right HR software could benefit your business.
1. Save Money For Businesses
Although HR software comes at a cost, either as a one-off payment or as an annual or monthly subscription service for a cloud-based solution, can save a significant amount for your business.
Implementing HR software and automating admin tasks helps in better data accuracy, which can avoid costly errors, too.
By automating certain administrative tasks, you can better utilize your HR staff to work on strategic projects. HR software can help to streamline your workforce, meaning you can redeploy HR staff elsewhere in the business.
This could be especially useful if you’re in the midst of an employment freeze but need extra staff in other areas of the business.
2. Less Stress On HR Team
Employee administration is part and parcel in HR – sick leave, holidays, wages, and training all fall under the umbrella of human resources, but that doesn’t mean excessive admin has to be part and parcel of your team’s tasks.
Implementing integrated HR software can help to automate all those unwanted admin tasks by placing holiday approvals and absence certification into a self-service portal for managers and employees.
Similar automation can even help put an end to chasing team leaders for probation sign-off and annual reviews.
All of which will make for a more efficient and less stressed HR team that can concentrate on hiring, training, company culture, and employee morale.
3. Keep your business compliant
The implementation of the EU’s General Data Protection Regulation (GDPR) in 2018 means that data security and compliance are more important than ever.
Making sure your systems are secure is especially important in an HR department as it deals with both sensitive company and personal data, including the names, contact details, and financial information of each of your employees.
This data can easily be compromised if hard copies are stored on an office computer or in a filing cabinet, but using HR software to deal with this information means it’s all stored on a secure cloud-based server.
HR solutions can also make sure right-to-work checks, and health and safety training are fully compliant and cascaded to all employees when necessary.