The Reasons why SME (Small and medium enterprise) should adopt HR Software?

Human resource is the backbone of many businesses. Without an effective HR department, an organization cannot function well. But in the case of Small and medium businesses, the owners may think that there is no need for human resource department since the business is short and it may be very expensive.

Human resource software for Small and medium enterprise

Managing even a Small and medium business can end up in multi-tasking. From recruiting to accounting, the whole tasks are needed to be managed by a single person. But ignoring the human resource side can be quite challenging. Because it can lead to serious mistakes which can adversely affect your business. Mistakes are a lot more common in the recruitment process of a small business. By providing clear job description about the job, you can attract many new qualified talents. The best hiring decisions can be achieved by a human resource team. By using human resource software, you can efficiently manage the business tasks.

Let us see some of the major benefits enjoyed by small businesses by using the human resource software.

1. Compressed workload

If the software is used in Small and medium industries, the multi-tasking of business owners can be put to an end. With the arrival of this system, the separate modules of the software can control and manage all the HR tasks.

2. Enhanced management

With the software, the administration process can be made quicker and easier. You can manage all the business tasks, especially the functions of the HR, in the easiest manner. Better management of the organization will help in the better functioning and smooth running of the business.

3. Enhanced decision-making

The information provided in this highly efficient software can help you with effective decision making. Decision making is important for any business since it deals with the growth and success of the business.

4. Better Return on Investment (ROI)

You can save many of the resources you use while adopting such software. The high efficiency in work you can attain helps in the return of investment. You can work towards improving the work efficiency and ROI by deploying the software.

5. Future saving

This is another great feature of HRMS which helps more companies to adopt it. Whether it is recruiting or payroll or performance monitoring, all these tasks can be done within minutes. The employee management can be done within no time by just a single click. Saving more time is crucial since a business need to care about many activities.

6. Performance evaluation

Employee performance can be assessed by using this software. There is a module which deals with all the activities of by the employees. The managers can monitor and examine each member’s performance. If any member has any performance issues, proper training sessions can be arranged for them.

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The top 10 latest trends that will change the way you work

1) Remote work

Using technology, remotely work will become even easier to manager tool like slack will help employees collaborate better.

2) Flexible work

As collaborative workspace like WeWork become more popular and open up more spaces, flexible work will become a bigger trend.

3) Millennials have more power

Millennials will move into higher positions in the company, has more power, and change processes for the better

4) Work Life balance

Companies will start to talk this much more seriously in 2016 and let employees enjoy downtime to be more productive at work

5) Workplace Diversity

In 2016, companies will put a stronger focus on workplace diversity and see it as a competitive advantage.

6) Deeper Metrics

Apps will be talking to each other to send data cross platform, making measuring so much easier and more powerful

7) Transparency

As more companies use collaborative tools , 2016 will be a year of increased transparency.

8) Empower employees

In 2016, employees will be more empowered to make decisions and find relevant information.

9) Corporate social responsibility

More companies will see the importance of giving back and implement social responsible programs

10) Constant improvement

Teams will be focused on constant improving , using tools like objectives and key results(OKR's)

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Limitless Technology for powerful SME- Cloud HCM Software

Cloud technology have remarkably covered its way into small to large enterprises in the 21st century becoming one the most important factor in handling the enterprise information in real time with the idea of centralization

Based on these data , the cloud technology especially the cloud HCM software andcloud payroll software have been replacing the on-premises technology stocks in firms due to the fact that these highly invested technologies could not meet the real sense of knowledge availability anywhere, anytime and from any device.

With the increase in the mobile usage worldwide, the cloud solutions have won more importance where it comes to the approach and access of right information on the right time from office to the field.

In this content, the HCM software is no more a hype for the companies to purchase this software from market and purchasing of expensive hardware to maintain this technology stack along with high bandwidth to support the usage and reliability of the data. Human Resource Software on Cloud have become one of the internationally available options for the SME especially who cannot afford the on-premises complexity of the software stack.

The modern Cloud HCM Software Solutions now take care of end to end needs of any employers ranging from leave management, Attendance management, performance management, payroll management, learning management, talent management to employee self-service via a mobile app.
The online availability of universally available functions of HR, the HR managers, employees, and company stockholders have greatly reduced the communication gap resulting from better organizational performance and employee determination. A good Payroll Software on the cloud is another advantage which automates the processing of salaries with no human interaction.

Is everything accurate with cloud technology? Though being very famous choice for SME there are few concerns voiced from SME like:HRMantra is a modern cloud-based HR Software & Payroll Software which addresses all these voiced concerns of the SME Sector including from data security till end customization online and with no hidden costs.

For more information, please email us at: sales@hrmantra.com

6 Important Elements of latest HCM Software

HR process automation is the way to move ahead in the modern world. Regardless of the size of an organization, the need to increase employee performance is now being satisfied through these impressive analytical tools. Be it payroll software or any other software, they are all great useful tools that can be used to increase the performance of an organization.

I this article we have compiled some crucial aspects of an effective HR softwaresolution that allows you to increase assess your employees’ efficiency, which will ultimately help them and your organization to flourish.

Here is what good HCM Software should offer you:

• Employee Central

Gone are the days when you had to form a queue outside the admin office to process your leave balance and other personal stats. Good HR software will bring all the information required to you, sometimes right to your mobile phone. Allowing your employees the convenience of viewing their statistics will enable them to know where they stand and what areas they might be lacking in.

• Automated Services

Paperwork is something we all find tedious. With modern HR software systems, such issues can now be automated. With just a swipe of your card or your thumb imprint, your attendance, leave balance and other details can be easily processed. Your payroll package is also updated automatically so there is little need to worry about any miscalculations when it comes to payments.

• Information Management

The increase in demand for more employee statistics is prevalent in most companies. The reason is that managers find it a lot easier to make decisions based on hard data instead of second-guessing. By making employee information readily available, managers are able to make wiser and safer decisions for the company.

• Versatility

Modern HR software should be flexible enough to help your business grow, regardless of its position within the industry. After all, the ultimate purpose is to expand. One example is that your software should be able to deal with different company models. This way, it becomes a lot easier for you to focus on expanding your business both horizontally and vertically.

• Compliance with Law

Most HR software is localized for a particular country or region, following the regulations and legislation of that jurisdiction. If your HR software is compliant with all tax laws and other legal regulatory requirements, you shouldn’t have any trouble when audit time comes around.

• Compatibility with Latest Software

If your software is in-tune with the latest technological advancements, it will level the playing field between you and your competitors. The reason is that as most companies continue to develop and progress, their need for newer features and technologies increases. This shows how crucial it is to have an up-to-date software that enables you to stay in the game.

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