Digital HR is a very important trend in the human capital management wing of companies. Irrespective of the size of the company, every business needs to streamline its work flow and apply efficient HR practices to make sure there are no discrepancies.Small businesses and the drawbacks in streamlining
One of the top concerns of small businesses is the cost involved in using a specialised customised HR software to manage their employee payroll and tax details. Most companies do not appoint dedicated HR staff as a special part of the company and the roles are shared by the main people involved in other departments. The responsibility for the staff is not given to a specialised department and is instead given to a single person at best, who has to manage all facets including benefits, hiring, promotions, payroll and tracking, disciplinary actions etc.Automating tasks using HR Software
In nine cases out of ten, HR software has made the whole process much easier for small businesses. The need for manpower and manual calculations and record keeping are eliminated and the software automates all administrative tasks including maintaining a separate record for each individual employee based on their experience, profile and designation. The HR software also perform analytic functions, helping the HR team decide on finding and retaining the best talent available.More than just time tracking
Dispelling a common misconception, HR and Payroll management software no longer stop with just time tracking and calculating salaries. The full functionalities include a collaboration of other tools including analytics and performance management including employee self service.