Four Reasons Your Business Should Invest in Human Resources Software
Chances are that if you work in HR, you’ve got a lot on your plate. Not only is your team responsible for payroll and benefits, but you’ve got recruiting to worry about, onboarding and offboarding to coordinate, and let’s not forget about culture and engagement. It’s a lot to handle! Thankfully, there are tools and software packages available to make your job a little easier.
But how do you choose the right tool or software bundle for your business? What is human resources software anyway, and what is it going to help you with regarding HR functionalities? In this article, we’ll answer all of these questions, go over all the benefits human resources software can provide for your business, and provide our pick for the best all-around software package.
What is human resources software?
Put simply, human resources software is an integrated, digital software package designed to streamline, optimize, and support a company’s HR functionalities for recruiting, hiring, and onboarding new employees. These software packages also help with employee payroll, managing employee benefits, and even improving employee engagement, all while giving HR a detailed look into employee performance.
Whether it’s a single task along the lines of engagement surveys, or something more complex like recruiting and hiring, the right HR software feels like having the keys to a well-oiled machine. That being said, finding the right one for your business requires asking the right questions, all while considering your specific needs, priorities, and budget. Going in without a game plan is never a good idea, and no one likes being stuck with the wrong tools for the wrong job. The good news is that the benefits of HR software all but answer those questions for you!
What are the top reasons/benefits for using human resources software?
When mapping out your current HR workflows for payroll, employee benefits, document management, etc., ask yourself if you can see any gaps or areas in need of improvement. Break down your typical day, and ask yourself if there are any tasks that take up or drain unnecessary amounts of your time or resources. Using this as a priority guide, let’s examine the key benefits that human resources software can provide for your business.
Revised Recruiting and Onboarding
One of the first things a great HR software package provides your business is a drastic improvement in the recruiting and hiring process. Sourcing, interviewing, and hiring talent takes time, so having all of that on
one easy-to-use platform is not only helpful, but a total breath of fresh air.
Centralized candidate data allows you to better evaluate and compare your options, while a revision in your recruiting metrics gives both you and your potential candidates the chance to communicate and schedule interviews much more efficiently.
Effortless Employee Payroll
When it comes to employee payroll, functionality is key. Built-in employee PTO calendars are a blessing, while document management and automatic I-9 and W-2 compliance are a godsend. In this way, the best employee payroll software is one that makes payroll effortless.
Sorting through federal, state, and local tax filing takes up valuable time, as does dealing with garnishments and worker’s comp. Whether paying your employees by check, direct deposit, or pay card, having complete access to a variety of time-saving tools is more than any HR officer could ask for.
Efficient Employee Benefits Management
Simplifying the management of employee benefits is another quality-of-life feature often found in human resources software. Built easy-to-use from the get-go, the streamlined experience grants employers the ability to design and manage a variety of competitive health benefits programs, all while foregoing the hefty costs often associated with the practice. Because functionality is such a big factor, employees are often appreciative of the ability to manage their coverage and dependents with ease.
Likewise, because use of this functionality often expands to include spending account management and/or the automation of reimbursement requests and legal documentation, users often save money on their taxes. In short, it’s a win-win.
Energized Employee Engagement
Happy, engaged employees are at the heart of any successful business, which is why the best human resources software often includes simple, yet powerful employee recognition and review tools to help companies see how their employees really feel about the workplace. As more companies adapt to remote workforces, the need for honest employee feedback grows exponentially, along with the need for employees to feel actively engaged with their coworkers and managers alike.
Using employee surveys and evaluations gathered through HR software, managers are given the tools they need for open, honest, and productive one-on-one conversations. These conversations prompt team bonding, and actionable suggestions for improvement are captured much more efficiently.
What is the best human resources software for my business?
When it comes to choosing the right HR software for your business, our answer is ArcHRM by Archarina. Built as a sophisticated Human Resource Management software, ArcHRM allows you to collect and organize information on your most important assets: your employees! With ArcHRM, you can store vital information such as personal and contact records, financial documentation, company benefits, and performance evaluations. In addition, ArcHRM will give you valuable insights on growing a healthy company culture, with sound policies and practices that will set your organization apart!
People are the key to a healthy, profitable business. Whether you’re onboarding, negotiating compensation benefits, or building an energized workforce, ArcHRM will provide you with the tools to see it done. See the difference for yourself with their free demo.