A Guide To Buying HRIS Software For Your Business

As your business grows and expands, you will need to consider increasing the efficiency of your HR processes. One of the ways to improve is through the automation processes like recruitment, payroll management, benefits and compensation processing, etc. You will also need to improve the management of talent within your business if you are to improve productivity. Now, this is where you need tailored HR software in your business. We have compiled this quick guide to help you pick the most suitable HRIS software for your business.

Determine the needs of your organization

You might be wondering if your company is too small to own HR software. Well, the beauty is that most HR software gives you the option to pick tailored tools. Regardless of the size of your organization, you can acquire HR software that can help you improve your <href=”#7da2ea5f4969″>business functions. You should get one that will provide strategic visibility of your human capital. This means depending on the size of your business, you can choose to start with the core HRIS and add modules based on your company’s growth and strategic priorities. In other words, find an HRIS system that will allow for adjustments and your company’s growth.

Know your staff size

It is important to know your staff size and how they will be affected by your new HRIS system. There are likely different players in your business, and you need to get the view of every stakeholder to avoid creating disruptions and issues. For example, your IT department may tell you more about the security side of implementing a new HRIS system in your business.

Staff size also matters as some tools will give you solutions based on this metric. Again, the good bit is that there are packages for every business in the market. That way, you can enhance the efficiency of the HR processes and save your company money!

Find the right Features

It is also good to look into the features before buying HRIS software. Here are some of the modules you can look out for:

Recruiting and tracking of applicant

When settling for an HRIS, consider whether it has Applicant Tracking System (ATS) pre-installed as one of its in-built features. For your HR manager, posting job applications to the job-search websites are both tedious and time-consuming. Therefore, an ATS will help in standardizing and automating the process, thereby saving time and energy. Besides, an all-in-one HRIS solution with ATS will store and manage candidate applications. It will also manage the information used to evaluate candidates, including questionnaire responses, aptitude test results, and even the verification of results.

Reporting features

Ideally, your HRIS should offer a central management point for all your human resource functions. It can help you make better decisions, but only if you have the right data and reporting features. You should acquire an HRIS platform that can generate reports which you can use to analyze the fundamental workforce metrics. For example, you can get compensation history, employee turnover, compliance, and employee training and performance history, etc.

While choosing the HR software, check if the reports are customizable for different formatting options. Also, check to confirm whether there is an option to transfer the reports in such formats as Word or even excel for more convenience.

Payroll and benefits processing feature

You should perhaps select the HRIS solution that will make the work of your accounting department easier. The system that you will acquire should be useful in the automation of employee compensation. This includes managing salaries, wages, and bonuses in relation to employees’ duties, attendance, and performance reviews.

The HRIS should also track the employees’ time at the company, and Paid Time Off (PTO) such as annual leave, and sick days leave payments. This will make the work of both the HR and the finance team easier.

Employee training and development

As your company grows and expands, there will be an increased demand to formalize and track staff training. This includes the employee onboarding after hiring and staff development. The HRIS software that you go for should be able to schedule, deliver, and record each employee’s progress. Also, the software should be able to issue a reminder concerning training that is yet to be completed, besides generating reports on the progress of each employee.

Find the right HRIS in the Market!

You are now good to set an implementation plan and find the right tool for your business. There are many vendors in the market, and you should shop around before buying. It is best if you ask for a demo before buying the right HRIS.

Wrap up

HRIS software is a significant part of your business automation. As your company grows in size and the number of staff, there will be an increased need to automate processes and centralized management. Take time to find the right HRIS if you are to improve your overall efficiency and growth.