5 Benefits of using HR Software within your business

The term HR is shortened from Human Resources, HR software is sometimes referred to as a Human Resource Information System (HRIS). It is a software application to keep employee personal data and documents in one centralised location. It also has features which enables an employer to manage all HR functions and processes in one place. It is essentially a system for human resources management that streamlines HR processes, centralises, and secures HR data and improves employee engagement. There are lots of benefits of implementing HR Software within your business, below we look at the top 5 reasons to do so.

1. Efficiency:

Using a HR application can help to reduce HR employee task time when completing repetitive tasks. They can then use their valuable free time gained to spend on completing more important projects. It will also mean you can bin the process of manual spreadsheets and paper-based tasks along with streamlining some core operational processes such as manual leave and timesheet approvals, paper onboarding forms and review processes. 

2. Employee engagement and development:

By implementing HR management tools, it can make onboarding a smooth enjoyable process for new employees. New employees who are part of a well-structured onboarding program are more likely to stay with the company longer than those who experience a disorganised process without a HRIS.

3. Reduces costs:

They help manage payroll and benefits costs without cutting back on the employee experience. By storing and organising all HR data, HRIS systems streamline onboarding, training, compliance, and more.

4. Monitoring attendance and holidays:

Being able to see who is absent and who is on holiday in one click is a huge time saving benefit to a company. It also enables the company to monitor recurrent absences and take disciplinary action if needed. Some HR Software systems have time clock abilities which require employees to swipe their employee IDs to register they are in work, which is good for monitoring late arrivals.

5. Data Security:

A HRIS system can help to secure personal information so that it can only be accessed by authorised managers. Privacy of important documents and sensitive personal data is an important factor for companies and HR Managers.

If you need assistance choosing the right HR Software and implementing it within your business, please contact our experts to help you at Magnetar IT | Contact Us – Magnetar IT