7 Signs that it’s Time for an HRMS in your organisation
1. HR Stress
When your HR team shows signs of decreased productivity, you might wonder if you need an HRMS. The HR department handles more tasks than most people know and simplification of the human resource processes would be necessary to maximise employee engagement and transform strategies into measurable business outcomes. This in turn, leaves the HR free to focus on more obstinate matters. If you’ve noticed that your HR workers seem to have an overload or strained out lately, an HRMS may be just what the doctor ordered.
2. Benefit Insanity
Employees love their benefits so much that a recent survey mentioned that over ninety percent said they’d start looking out for a new job if they are not provided with benefits! If you happened to notice a constant inrush of benefit-related inquires to your HR department and if they cause you a head-heavy problem, an automated benefit management system might be of help. They could also boost your financial capacity and talent management.
3. Errors and Noncompliance
Reducing HR errors involves far more than taking disciplinary action against an individual. Noncompliance can be even more expensive. If you start to see an increase in human errors, whether it’s missing new-hire paperwork, forgetting to add a decimal or in the worst case when the employee fails to receive his salary .Ooops…You would have to think of an HRMS right away!!! Since an HRMS will use foolproof measures and automation, the frequency of errors and noncompliance issues will decrease drastically.
4. Costs you have no idea about
The mechanism of data tracking is at the centre of HR operations –past, present and future data effectively. If you start to see that your organization is losing cash quickly using HR metrics in the HRMS can help you identify just what facets of your organization are costing you the most. This will help you streamline processes, be more efficient and generally save money in order to lessen the cost it takes to run them. This aspect can let you create strategies for your business’ future. An HRMS could literally save your company from going out of business.
5. Data leaking out!!
Employee details can be sensitive. Payroll information is anyway sensitive. They need to be kept safe to protect both your business and your employees. It is duty of the HR to see that none of such information leaks out or reaches a third party unreasonably. If you find it inconvenient to maintain the integrity in your growing company by not preserving confidential data in the apt manner you might need to go for an HRMS as this adds a layer of security.
6. Performance gaps
Few employees may perform well and few may not. But if you are losing track of it and fear you’ll pick on the wrong employee, the performance management system in the HRMS can bridge the gap. With a formal performance management, you can orchestrate consistent improvement. This will help you to put the full productivity of their workforce to use, including the varied experiences, talents, and skills of all staff within the enterprise
7. You Think You need it
More employees get hired. Employee retention increases… Employees’ performance at stake…No track of data… Your head is meshy inside with what’s actually happening in the HR processes.. It’s the right time to think of having an HRMS.. If you understand all that an HRMS can do for your organization and feel it’s time to make the investment go ahead!!!