HR Software Features and Applications
Payroll – The payroll feature of HR software is typically the most common application companies use. Payroll systems work really well within HR software because all of your customer data is housed on one database. Meaning, if you are able to track employee time, pay rate, productivity, your business can strategically prepare important employee decisions, on top of handling day-to-day activities. If your business is already satisfied with its in-house payroll method, ask your vendor about HR software’s compatibility with exporting data in to your specific system.
HR Database– The backbone of your HR software, an HR database houses employee files containing information on productivity, work files, time and attendance information and payroll; giving management the ability to manipulate and generate reports.
Time and Attendance – Most HR software has some sort of employee attendance system that tracks employee time and pay rates. This is often integrated with payroll and will track time records via time sheets, web login, or physical time clocks, depending on your current businesses preferred method.
Recruitment Tools – Attracting top talent is a major concern for many companies. According to the Human Resource Executive study of resources professionals, 50% said they spend the majority of their time with talent management, which includes recruiting. Online recruiting offers a variety of features that can be integrated with your online HR software. Some vendors offer the ability to link applicant data from job sites with their internal software. This allows the resumes to be completely searchable and cross referenced with key terms.
Training Services– Almost all HR software provides training data and employee management tools. Training management allows management the ability to schedule meetings, trainings, and gives historical reports on previous trainings. Depending on the industry your business operates in, you may need to keep a legal record of when and how an employee is trained.
Reporting– Your HR software reporting tools should be understandable and readable by management. HR professionals may opt for more comprehensive capabilities, where simple reporting tools are adequate if you have little HR experience.
Most human resource software includes the ability to generate:
• Employee performance ROI
• Employee turnover rates
• Employee training
• Sick day accruals
• General employee information