In business, it’s no secret that people can deliver truly spectacular results. Great employers can often be the defining factor in improving a situation, but that doesn’t happen by accident. Allowing your HR team to spend more time developing your people is always a challenge. It may not sound like it should be, but time constraints and resources will often prohibit this crucial work. There are solutions on the market that can assist in transforming your human resources function, to give them more time to work on people than on paperwork. If you’re interested in understanding how and why businesses are gaining value from i3 Group’s human resource management system (HRMS) then read on.
Time and money
Payroll is the cornerstone to any good business. Errors in this part of the business can be very detrimental to the bottom line. A good HRMS will help ensure that these errors occur infrequently, if at all. A HRMS system achieves this by tracking and managing employee hours, as well as making sure the outgoing remuneration matches the hours worked. In a salaried role, a HRMS system will help create the expectations of hours worked, as well as making sure any changes to pay structure or position are reflected accurately in an employee’s pay. A HRMS system will take the pain out of payroll and help avoid messy errors.
No more paperwork
One of the key advantages of a HRMS system is an enormous reduction in paperwork. Not only is checking, sorting and filing paperwork a mind-numbing task, it is also a big waste of resources. Your HRMS allows you to take all of those manual processes into digital. From tracking contracts, licenses, criminal or qualification checks and performance tracking, a HRMS saves you and the environment a lot of wasted time and paper. Not only will this give your HR teams more time to focus on working with the employees across your business, but it also gives them a repository from which to easily access all data pertaining to a certain employee.
A HRMS is not just a repository for all of your HR documentation. A good HRMS is a tool that helps create business efficiencies and improvements through key insights. Tracking employees key performance indicators, tenures and track records can help make informed business decisions. Using a HRMS to help identify those in your business who are outstanding contributors or the unfortunate opposite can help HR teams manage these incidents faster and more appropriately. For example, an employee with a track record of calling in sick after a weekend can be assisted or dealt with quickly to ensure the business doesn’t suffer any further.
HR functions are pivotal to any business, but like most functions in a business, there comes a time when there is a need to use technology to make things more efficient. A HRMS solution has a multitude of benefits to offer. From saving time on manual processes to saving money avoiding payroll errors, a HRMS is a must have for any good business.
Interested in more payroll advice for your HR department? Check out our master guide here!