In today’s rapidly changing business environment, small businesses have more responsibilities than ever before — from recruitment and employee benefits to performance management and compliance.
But what if there was a tool that could help build an effective HR function into a business with ease?
We’ll start with a quick disclaimer: we’re accountants, not HR consultants. But we’ve seen many of our clients benefit from using HR software, and we believe it’s essential for all businesses that want to streamline their processes, improve efficiency and reduce costs.
Time-saving and efficiency
One of the primary benefits of HR software is its ability to save time by automating time-consuming manual tasks, such as CV pre-screening, interview scheduling and emailing.
By saving your team valuable time, they’ll be able to work far more effectively and efficiently than before.
Suddenly, your team will be free to focus on more strategic HR tasks that require a human touch or do more administrative tasks in a shorter space of time than they could have done manually.
Manual processes are prone to errors, which can be costly (and time-consuming) to correct.
HR software goes a long way in solving this — by automating processes, you can significantly reduce the risk of human error in your organisation, as automation means the quantity of data your team input into systems is drastically reduced.
As you’ll know, compliance with regulations and legal requirements is a critical aspect of HR management, so any cost-effective tool that aids with this can be a lifesaver.
As it turns out, automation doesn’t just save time or improve productivity and accuracy — it can help your organisation remain compliant, too.
For instance, HR software can ensure that all processes, policies and procedures are standardised and followed across your entire organisation. Meanwhile, even systems as simple as notifications and reminders can prove instrumental in assisting managers to complete required tasks.
HR software can also help organisations save money by reducing the need for manual processes and improving efficiency.
For instance, automation-aided recruitment processes can reduce the cost of recruiting and hiring new employees.
Furthermore, by streamlining processes and reducing your staff’s workload, HR software can help reduce the need for a bulky HR team, reducing the cost of labour and improving your bottom line.
HR software isn’t just automation; the technology is a platform that hosts all your employee information in one easy-to-see place. From there, you’ll be able to analyse your data to make better decisions.
For example, data on employee turnover rates, training needs and performance metrics can help you identify areas for improvement and develop strategies to address them.
Enhanced employee experience
Lastly, HR software can also improve the employee experience by providing self-service portals that allow your employees to access their information and manage their HR needs independently.
For example, employees can use self-service portals to update their personal information, view their pay and request time off. Not only does that provide transparency and autonomy to staff, but, again, reduces the workload for your HR team — ultimately improving their efficiency and saving your organisation valuable time and money.
Like the sound of what HR software could do for your organisation and want to learn more? Get in touch with us today.