HR Software Features That Drive Strategic HR
Posted by Matt Krautstrunk on March 28, 2011 in Business Start Up Advice [ 1 Comment ]
HR Software is a rapidly growing industry. As HR professionals become more bogged with tasks, companies are beginning to see the benefits of investing in HRIS or HR software to optimize the performance of their human resources department. Not only this, but according to research, fewer than 10% of HR professionals spend their time at the strategic level. There is a need for businesses to drive strategic growth from HR, and software can give them the tools needed.
Payroll- Payroll processing software is available on both HR software as well as other applications. Integrating payroll management through HR software helps improve cross-business functionality. Ultimately this improves your businesses capability to track employee time, wage, productivity and more.
Time and Attendance: Like previously mentioned time and attendance systems can be built in to HR software. From advanced systems that automatically log employee hours when they login to their accounts to time card software, HR software has the ability to generate comprehensive reports for management.
Recruiting– Every business wants to attract and retain top talent. Talent management is a major time consuming activity amongst HR professionals, with on average 50% of time being spent managing talent. Some HR software companies offer the ability to link job applicant data with their internal search database to parse resume’s and bring up the most relevant and suitable applicants in results.
Reporting– HR software reporting is very important because it is essentially what drives strategic HR functions. Common reports from HRIS include employee turnover rates, employee performance ROI, employee training sessions, and employee information. The complexity of your reports varies depending on how skilled your HR professional is.
When assessing price quotes from HR software vendors, be sure to get a list of the features that they specialize with.
Image Credit: Hart Consulting