Business has come a long way since the age of large filing cabinets and lengthy hand-written records. Thankfully technology has advanced to cloud-based services that can help you to organize your company records with ease and access them anywhere or anytime on the go.
If you have been manually handling your HR or even Payroll operations in the past, you might want to consider the benefits of a software that is tailored to meet the specific needs of your company.
Let’s take a closer look at how it can help:
- Cost Savings
Chances are you may have underestimated the costs of your Human Resource operations. For example, an ineffective approach to managing your employees can lead to increase costs from hiring and a high employee turnover rate. An effective HRIS can help you to profile your ideal candidates, streamline the recruitment process, and help you get your recruits onboarded as soon as possible, thus reducing the wasted costs of hiring the wrong person for the job.
- Increased Productivity
Time-consuming administrative tasks such creating an Employee Handbook or developing new policies and procedures can be difficult to manage. However, having the resource of an HRIS at hand can eliminate the need for time spent on these tasks and allow your employees to focus their efforts on other areas of business related to your company’s success.
- Measurable ROI
As we are living in a data-driven age, it is more convenient than ever for a business to connect its investment strategies to measurable, bottom-line results. A few areas that an HRIS can help you to measure are: Employee Turnover, Hiring Process Costs, Recruiting Costs, and Administrative Productivity. An HRIS will provide you with measurable and accurate reads on ROI, and therefore allow for effective reporting.
- Risk Mitigation
Perhaps one of the biggest mistakes a company can make is to underestimate the legal responsibilities that are present with the data, processes, structure, and duties that lie on the shoulders of the HR department. Local labour laws are constantly changing and failure to be compliant with new legislation can lead to significant ramifications. Having a system that provides a service of HR Law consulting at a very cost-effective rate has proven to help companies mitigate risks of violation and maintain confidence in their HR policies & procedures.
- Better Use of Information
Those that rely on paper documents to keep track of all their employee data end up creating a single silo of information. Transitioning to digital records, taking into account the sensitivity & security of the data you hold along with making it accessible to the right people, allows you to make good use of your data. Companies can control who can have access to which materials and maintain a safe, secure, and tamper-proof protocol to reinforce security of documentation.
It’s a great time to upgrade and streamline your HR management. The functionality of HR software is constantly improving. Contact RGR Consulting today so that we can work with you to find the best solution for your operation.