With human resources (HR) software, there are key functions that are essential for any business. By understanding the core features, you can select the right system for your needs and ensure that your team can manage employee data effectively.
With technological advancements, there are many modern HRM software programs that put you in control and connect with your people, wherever they are.
Let’s look at some of the core functions of HRM software:
People Management
Managing your employee data is crucial to keeping your business running smoothly. HR software provides a central repository for employee information, so you can easily track and manage employee records. The people management feature provides you with complete visibility and control over your employee data, from onboarding to performance review.
Keeping Employees Engaged and Motivated
Engaged employees are key to the success of any business. HR software can help you keep your team engaged by providing tools for communication and collaboration. Therefore, you can easily share important information with your team and keep everyone on the same page.
You can also use the performance management features to set goals and track progress, so you can identify and address any issues early on. By tracking employee performance, you can also identify top performers and reward them accordingly. This motivates your team and helps to improve overall productivity.
Recruitment and Onboarding
The recruitment and onboarding process can be time-consuming and complicated. HR software helps to streamline this process by providing you with the tools you need to manage job postings, applications, and interviews. The onboarding process is simple and streamlined, so you can focus on getting new employees settled into their roles.
Once an employee is hired, the onboarding process is made easier, as you can automatically send the paperwork and create employee profiles. Therefore, you can focus on getting new employees up to speed and integrating them into your team.
Career and Succession Planning
You can identify future leaders within your organization and help them develop the skills they need to succeed. This is important for ensuring that your business has a pipeline of prospects that can take on senior roles in the future. This will help in the long term as it reduces costs that are associated with recruiting external candidates.
Time Tracking and Leave Management
Time tracking and leave management are important for keeping your team productive and ensuring that they are taking the appropriate time off. With HR software, you can easily track employee time and attendance, as well as vacation and sick days.
A leave management feature allows you to approve or deny leave requests with ease. This ensures that your team can take the time off they need without disrupting the workflow.
Talent Retention
Talent retention is a major challenge for businesses of all sizes. The talent retention feature provides you with the ability to create custom retention plans. This ensures that you can address the specific needs of each at-risk employee.
Policy Formulation
With HR software, you can easily create and manage company policies. This is important for ensuring that your team is always up-to-date on the latest company policies. In addition, you can use the policy management feature to track compliance with company policies.
This helps you to identify any areas where employees are not following company policy so that you can take action to resolve the issue.
Employee Self Service
Employee self-service is a great way to empower your team and give them the ability to access their own HR data. With HR software, employees can easily view and update their personal information, such as contact details and emergency contacts. In addition, they can view their leave balances and request time off.
This helps to reduce the workload of the HR team, as well as improve employee satisfaction.
Conclusion
HRM software should be able to manage employee files and records along with onboarding and offboarding processes and many other processes related to HR management.
By understanding the key functions and their purpose in your business. You can determine whether a traditional HR team managing internal processes is better for your business relative to HRM software.