Automating human resource activities may not be prioritized by small and medium sized enterprises (SME) but it gives good return on investment (ROI). Human resource software for small business helps you reduce time spent on HR activities and salary or incentive calculations. The time saved can be utilized for more revenue generating tasks.

Why Do SMEs Need HR Software?

For organizations with fewer employees, manually managing the leave and attendance may not seem like a time-consuming task on a day-to-day basis. It makes a difference when you look at it as the amount of time you could have dedicated to more important tasks every month. This time increases significantly when there is an error in marking or calculating the attendance.

With an HR software for SMEs, you eliminate manual errors and save your time as well as the employees. An employee can easily log onto the ERP system and log their attendances, check leave balances, targets, awards, certificates and more.

Can SMEs afford HR Software?

Small businesses need comprehensive HR solutions that integrate seamlessly with their processes and automate a host of tasks with precision, efficiency, and timeliness. To keep the cost low but functionality high, the solution is offered as SaaS HR. The Software-as-a-Service can be availed on a subscription based on the number of users.

You can start immediately with a very affordable cost of one user and scale as your company grows.

HR & Payroll Software: The Often-Overlooked Automation Function

The operations or marketing jobs of an organization may gain priority over HR for automation but that is due to the myth of HR software’s limitations.

As developed for larger organizations, small business HR software automates tasks from the hiring to retiring of an employee. Its functionalities expand beyond marking attendance, creating offer letters and tracking performance bonuses. The integration with Artificial Intelligence (AI) and Machine Learning (ML) has opened up HR & Payroll solutions to new possibilities.

Employee Empowerment Tool

1. Reduce the workload by automating everyday repetitive tasks. Redirect your human resource towards high-value tasks.
2. A generic software may be cheaper but it will not fit in perfectly with a small business’ unique needs as well as SaaS HR would.
3. The software can be customized easily and add-on modules can be added to completely personalize it.
4. Employees can sign-in from anywhere within a pre-set location radius logging onto the SaaS HR system or through biometrics or face ID.
5. Employee self-service (ESS) portals provide employees access to the ERP system they can access their own information, without having to contact the HR executive every time.
6. With a lot of sensitive information, the human resource software for small business is secured and access to employees is limited and selective based on their roles.
7. Have accountable and audit-ready data at all times.
8. Increased flexibility for the teams as well as the management with the SaaS HR mobile application.

Hiring, Onboarding and Engagement

1. Hire and train candidates best suited for the role.Set up interviews, scan resumes, generate documents required for onboarding, set up training sessions, track progress and much more with the best human resource software for small business.
2. Retain the most talented employees with an effective reward and recognition system with the help of an ERP system.Retaining the right talent is crucial for SMEs.
3. Easily set up and track key performance indicators and goals to easily keep track of the progress of the employee.
4. Keep track of and calculate incentives, bonus, and overtime with pre-set values.
5. Reminders can be set up easily, especially for managers to approve certain tasks or performance bonuses of their teams.
6. HR software for SMEs not only helps with employee engagement but does so in a meaningful manner to keep the employee morale high.
7. Instead of lengthy annual appraisals sessions, managers can provide real-time feedback to their team, which helps monitor progress in a continuous loop.
8. Send memos, make announcements, get reminders for birthdays and anniversaries, highlight a team’s achievements and do much more to boost morale through the ERP system.
9. An AI-integrated small business HR software can generate predictive analytics reports to forecast attendance patterns in the future.

Managing Payroll and Compliance

1. As entry is done only once for a set of data, the software helps eliminate the chances of manual errors.Since all the calculations are automated, it makes the HR system free of manual errors.
2. It pulls data from other modules to create reports such as attendance reports.Double data entry is not required as the small business HR software will extract information from the system to generate the report requested by the user
3. Automate compliance to avoid missing out on deadlines by generating TDS certificates and calculating deductions at source.
4. Customize onboarding programs to provide a comprehensive and standardized experience new employees
5. You can set up alerts for non-compliance.It helps keep the documents in order but also prevents penalties and violations of the law.
6. A compliant organization will enjoy a better reputation and brand recognition
7. A system that functions efficiently remotely as well is essential in a post-pandemic world.It can be especially beneficial for SMEs as they can acquire more talent if location is not an issue.

A happy and nurtured workforce will in turn nurture your clients and ensure your business thrives.

The best human resource software for small business not only affordable but grows and changes with your workforce. As your company expands, you can add or remove ERP modules to keep the system current and relevant.

Organizations that have not incorporated technology into their HR functions since the global pandemic do not have an advantage in a highly competitive and evolving market. By adopting HR & payroll software, small businesses can adapt easily to future demands.