7 Reasons Why HRMS Is Important For SME’s.

Human Resource Management System (HRMS) is a one single platform for all the HR
processes. It is designed to streamline, automate, and optimize an organization’s
HR processes into a single database.

Start-ups and SME’s mostly have a flexible business culture. So, getting the right
HRMS sets a foundation to support the management of their recruitment and talent
pool with a plan for growth and longevity. Hence, HRMS is the ‘Talent Management
Ecosystem’ for an organisation.

1. Simplify Recruitment process:

HRMS can carefully sift through and sort applications and resumes to pick qualified
candidates as per specified requirements. With an efficient recruitment and
applicant management, you can attract the right talent for the right position at
the right time. Thus, saving time and simplifying the process.

2. Increase Productivity:

This is the biggest benefit that an HRMS can bring to your organization. The HRMS
leads to the automation of the countless functions of the HR department e.g.
employee onboarding, payroll management, retention of talent, tracking leave and
attendance of hundreds of employees and so on. This can drastically reduce the
amount of paperwork required to be done by the HR personnel, hence saving time and
driving improved productivity.

3. Compliance management through HRMS:

HRMS has been playing a major role in business transformation. It helps the
managers to take strategic decisions. Organizations have legal obligations which
they must fulfil to keep their business running and avoiding penalties. The
obligations can be related to pursuing fair trade practices, maintaining conducive
working environment for its employees, and obtaining necessary certifications from
government agencies. Non-compliance with government regulations puts the business
at risk. To streamline and meet all your compliance related needs, you need an
HRMS. It serves as a reminder for the certification and maintains records in a
database.

4. Performance review to boost employee morale:

With an automated HRMS in place, the employees can easily log on to the HRMS
portal, update information and check the status of their benefits, such as bonus,
incentives etc. PMS (Performance Management System) is a continuous feedback
schedule. Employees can monitor their individual KPI’s, apply for regular
appraisals. The employee feels more in control and this boosts his morale. A
proper executed performance management system can improve employee morale, increase
productivity and retain its top workers.

5. Data Analytics for Decision Making:

HRMS makes it easy to centrally collect data, automate business workflows, and add
visibility by means of charts and graphs. This generates data and identifies
patterns and trends. It also helps you figure out training requirements, manpower
planning, utility of employee, job rotation etc. and helps to plan KPI’s for
future.

6. Employee Self-service:
The automation of time, attendance and leave management that a HRMS software brings
in yields a lot of benefits for the organization. To begin with, it gives the
employees the power to keep a tab on their work hours in real time every day
(employee self-service), as the software updates info from biometric or RFID cards
into the system. It even makes it easier for managers to approve leave requests and
the HR to detect any errors in the data and prevent payroll frauds. Leave accrual
rules also aid in actuarial calculation of unpaid leave liability, which is a
statutory requirement.

7. Cost Effective:

The cloud HRMS is available at relatively low prices, almost always with a
flexible, pay-as-you-go tariff. With the help of Cloud infrastructure, you can
maintain all the company related documents and employee-related document safely
without the fear of destruction or damage to the important files. With cloud-based
HRMS, there is no new hardware or software to purchase – which immediately saves
businesses thousands of rupees. The cloud pay per use model also helps in effective
cashflow management for start-up and SMEs. HR staff and employees can access cloud-
based HRMS from anywhere, at any time, and through any device (e.g. computer,
laptop, tablet or smartphone).

HRMS represents an investment in your people, processes and the organisation.

HRMS Features:

Employee Onboarding
Travel & Reimbursement
Performance Management System
Leave Management System
Learning Management System
Shift Management
Payroll Process
Attendance Management System
Employee Self Service
Timesheet Management
Buzz Book
Exit process
Gamification
TalenTicks is one such HRMS application that offers all the above benefits and many
more. To request a Free Demo, visit https://www.meetcs.com/talenticks-hrms/