The performance of your employees can make or break your company. If you’re running a productive business, you can reap of the benefits of growing quickly and saving money. However, if your employees are under-performing you can end up with unhappy customers and a bad reputation. It can sometimes seem impossible to manage a performance system manually across an entire company. This is where human resource software comes in handy, by automating much of the performance management process. Below are the three greatest benefits to employee performance when using human resource software.
In the first portion of this article we touched on some of the most important things you can do at the beginning of your human resource software implemenation to ensure long-term success. Important factors such as getting executives and managers involved, definning requirements and KPIs, thinking about how the software will change internal policies and procedures, etc. As you work you way through the project and complete those first steps, it’s time to start thinking about the final steps of the process and future use of the software. Continue reading
While every company will require its own unique implementation plan, successful HR software implementation projects have many similar elements and characteristics. It’s important that you understand your requirements, identify goals, select the right product, define the project scope, establish executive support, make changes to existing policies and procedures, evaluate infrastructure requirements, and more. It sounds like a lot of work and it is, but when you work methodically your HR software implementation is well worth it when you gain new efficiencies and cost savings.
The market for HR software has grown and changed in the past few years with advances in technology and the growing focus on this area of business for cost savings and increased competitive advantage. There are literally thousands of human capital management solutions available on the market, and it can be overwhelming to know which one is the best value for your unique business needs. Further, ROI is always a question when you’re making an investment in software and trying to choose the right system. While ROI is different for every system and every business, there are some averages that you can use as a guideline for HR software ROI and cost savings.
With data running under the surface of everything we do in our offices, being able trust that information and secure it is becoming an increasingly important part of today’s business world. This is especially true in departments like HR where sensitive information is being stored about employees who trust you to keep it safe. Human resource software can help business reduce errors, increase security, create accurate reports to drive decisions, and quickly organize the flow of information in a useful way.
According to a study by the Society for Human Resource Management, 60-80% of an HR professional’s time is spent on administrative tasks, answering questions, and hunting down information to pull together reports. You’ve decided to automate much of your process with Sage ERP, but what about making your HR team more productive? Human capital management software (or human resource management software) can automate their most time consuming tasks, enable employee self-service, and give HR the time they need to tend to more critical activities. When it comes to a system for human resource management software for Sage ERP, you have a few different options.
Your work force is your most important asset, after all your employees are the ones coming up with ideas, putting plans into motion, and helping your company make money; but they are costing you money at the same time. In fact, the average cost of HR services is about $1900 per employee each year. Let’s put that into perspective- if you have 100 employees, you are averaging $190,000 each year in HR services. But you can’t just get rid of employee benefits and cut down salaries if you want to recruit and keep top talent on your team, so what can you do?
They key to success is balancing and containing these costs to keep overhead low, yet business growth and employee retention high. Your Human Resources Department can help you do this, but they need what we all need- more time. That’s where human resource software comes in.