SaaS HRMS To Try: HR is a people-oriented profession. People, or more accurately, employees, drive businesses. As a result, it is crucial to keep them engaged and manage them appropriately. In addition, HR processes have grown less difficult due to technological advances such as HRMS (Human Resources Management System) software that incorporates artificial intelligence and automation.
As your business expands, new difficulties, such as scalability, managing processes, data, workforce optimization, etc. Managing human resources becomes more difficult with a rising number of employees, from screening, hiring, training, and payroll management to regulatory compliance. In addition, your sensitive information is dispersed across several locations and files.
As a result, it leads to HR fatigue while decreasing overall efficiency. However, with neck-to-neck competition and time being money, inefficiencies cannot be tolerated, particularly during development. So, if your HR process is still based on spreadsheets and paperwork stashed in a file cabinet, you’re losing out! What is the answer? HRMS (Human Resource Management Software)!
What Is HRMS?
Defined, HRMS is software that uses technology to manage HR processes. Automating manual and regular tasks enhances your business’s efficiency and productivity. Consequently, your HR staff will be able to manage the processes effectively and devote more time to other critical operations for business success. The software addresses several elements of human resource management, such as:
1 – Manpower planning
2 – Recruitment
3 – Onboarding
4 – Managing and Communication rules and regulations
5 – Employee engagement
6 – Statutory compliance
7 – MIS reports
8 – Training and development
9 – Performance appraisal
10 – Succession planning
11 – Job confirmation process after probation period
12 – Employee information management
13 – Transaction and leave policy management
14 – Tracking attendance and time
15 – Payroll processing
16 – Salary change calculations
17 – Resignation process
Why Do Businesses Require HRMS?
The pen and paper style may be useful initially, but it is not healthy for your business as it grows. Using a good HRMS is vital for SMBs because it helps expedite the growth process by automating hard tasks while reducing any errors, which can be deadly to your productivity. In addition, HRMS integrated with new technologies such as data analytics and automation benefits employers, employees, and customers by allowing the correct information to reach the right place and time. According to one study, the worldwide market for HR software is expected to reach $30 billion by 2030. It also predicts a 9.4 percent increase from 2017 to 2025. Let’s look at some of its benefits for contemporary businesses.
Efficient Employee Management
Your HR department may monitor employee attendance and work hours to guarantee optimal productivity and overtime pay. You may also manage training, payroll, performance, and employee engagement to make them feel more connected to your organization.
KPI Monitoring
HRMS may accurately automate the monitoring of the Key Performance Indicator (KPI) to demonstrate workers’ efficiency in meeting their goals. For example, it can monitor how long an employee remains in a job, absenteeism, the time it takes to reach targets, and so on.
Promotes Employee Self-service
Employee self-service, where they may access their profiles and portal, is one of the best advantages of HRMS. It includes thorough information on the company’s terms and conditions, leaves policy, payroll, resignation process, and so on, so they don’t have to ask the HR department any of their queries. As a result, both sides save time. Employees no longer need to create an app to request leave. Instead, they may apply for it directly via the system, where they can also see their remaining leave balance, holiday schedule, forthcoming events, and other features.
Eliminates Human Errors
Automation removes human errors, which may cost businesses money, time, and regulatory compliance. In addition, it lowers the likelihood of errors and duplicate entries, ensuring error-free job execution.
Ensures Compliance
The Compliance with federal and state regulations is crucial to your company’s success. If not managed properly, it might pose significant terms to your business’s image and fines. To guarantee compliance, HRMS continuously updates any legislation changes.
Why Cloud-based Or SaaS HRMS Software?
Instead of purchasing conventional on-premises software, you may choose Software-as-a-service (SaaS) software hosted in the cloud. It is subscription-based, so you do not have to pay for the complete software package. Depending on the plan, the service provider permits you to use it for a certain time. Does this sound familiar? Yes, similar to Netflix!
Unlike on-premises software, the SaaS approach does not need installation or setup. Everything is prepared ahead of time, and you can start utilizing it in an hour or two. As a result, you may save money and time while not worrying about maintenance. In addition, SaaS software, which lives in the cloud, provides more scalability since you may choose the software depending on your organization’s capability. So, if you desire to incorporate an HRMS in your organization, think about using SaaS software. And to assist you, here are some of the greatest software options for you to consider.
6+ Best SaaS HRMS 2022
SaaS HRMS to try in 2022.
1. Bizneo HR
One of the best solutions for automating and optimizing the Human Resources department and reaching another level in people and talent management is Bizneo HR Human Resources Software. A collection of over ten technology tools that cover and give solutions for all the phases a worker goes through in a company.
First, consider its most potent tools. They start by inventing and refining the recruitment and selection of applicants, as well as the assessment and training of workers to evaluate their skills and develop their performance to reach their full potential. Its compatibility with other tools (integration with payroll, access control, presence, ERPs). In a nutshell, the best technology to give your Human Resources management and maximize the value of your company’s most valuable asset: its workers.
2. Freshteam
Connect with employees one step closer with Freshteam to intelligently manage all HR processes and make effective judgments. Using its app tracking system, you can source prospects, arrange interviews, and hire the ideal individuals. They may be found via employment boards, career websites, employee recommendations, suppliers, social media sites, and other sources.
Create interview scorecards, hiring teams, process steps, and custom app forms for each position. With Candidate 360, you can also maintain all of the information about the applicants in one place, including emails, resumes, scores, interaction history, comments, and so on. In addition, you may invite your panel members and offer input when arranging interviews. This SaaS HRMS software lets you manage job offers, customize their fields, record choices, and produce offer letters.
You can perform seamless onboarding with Freshteam by starting the process ahead of time to complete paperwork and form completion. It preserves new employees’ first day so they may learn about their coworkers and the organization. Then, after the paper has been signed, you can upload it to their profile, create tasks for them, monitor their activity, and send reminders to finish the onboarding process.
The Drag and drop form fields to create employee information. Keep organization charts updated to illustrate all the entities in the business hierarchy, including their names, departments, and jobs. Create and enforce time-off rules for the whole calendar year and map them to particular teams, locations, shifts, or departments within the organization. You may also monitor leaves, produce time-off reports, and identify patterns in absenteeism and leave.
You may conduct hassle-free recruitment by sending emails, submitting comments, and making choices using its mobile app, which is available on iOS and Android. With a single swipe, you may apply for leaves or approve/reject someone else’s request, and you can view employee data from anywhere.
3. Gusto
Gusto, return the favor to your hardworking team by supporting them with a full HRMS. Using the software, all processes from hiring, onboarding, and payment through performance and promotion are perfect. Create professional offer letters, onboard new hires without paperwork, and let them fill up their profile. To stay organized, you may store all the papers digitally on the software. The days of difficult and hazardous payroll processes are past; utilize the software’s streamlined payroll to submit taxes effortlessly.
It instantly syncs all data related to time tracking, benefit plans, new hiring, and other topics. Using the same software that can feed your plans into the payroll, you can keep your employees happy, healthy, and insured. With Gusto, you can provide your team with resources and tools to protect their financial future, such as Gusto Cashout, commuter benefits, workers’ compensation, 401(k) retirement, and 529 college savings.
It also offers tools such as Small Business Financial Relief, a burn rate calculator, an employer tax calculator, a pay comparison tool, and a new hire checklist. This SaaS HRMS software is HIPAA, ACA, and ERISA compliant. In addition, it may manage COBRA needs and contact employees to remind them to complete paperwork after leaving your organization.
4. Sage HRMS
With Sage HRMS, you can overcome your HR difficulties and make wise choices to enhance your organization’s efficiency. It offers a dynamic solution for managing your workers’ whole life cycle, from hire to retirement. The software is scalable to keep up with your growing demands. Hire brilliant people, keep the best ones, and readily identify internal employees for leadership roles. It also reduces employee turnover by improving engagement. Enhance each employee’s time management and cover leaves and attendance in addition to handling payroll, performance evaluations, benefits, self-service, etc.
Eliminate expensive enrollment and data entry errors while eliminating the time-consuming paperwork associated with benefits. Its risk analytics feature lets you evaluate employees based on information, statistics, skills, performance, insurance, demographics, and other factors. Sage University offers extensive instructor-led seminars and on-demand learning to help you get the most out of your software. In addition, the Sage Knowledgebase, Sage City, and Sage Resources are available 24/7 to assist you with your inquiries and to provide the most recent software updates as soon as they become available.
5. People HR
Are you tired of spending time on repetitive tasks? Well, use People HR to automate these processes and concentrate on areas that need more attention. Forget about monitoring illness, updating employee data, granting vacation time, creating turnover statistics, etc. Using its application tracking system; you can hire and retain talent that fits your organization’s culture. Share job openings across many job boards and locate and connect with people who can help your business expand.
Present HR information to business executives through detailed graphical reports, and solicit suggestions and action plans. You may learn from other HR experts through the HRMS and enhance your decision-making. You may also compare your HR insights to those of other organizations in your sector to identify areas for development.
With its dynamic Performance Management System, you can better connect with your employees and help them optimize their potential. Find your top performers and those needing assistance in improving their performance. People HR lets you effortlessly transfer your data into the new system and give professional training to utilize the software fully. Because of its simplicity and user-friendliness, you may use this software even if you lack technical skills.
6. Cezanne HR
Whether your organization is small, medium, or big, Cezanne HR can matter if you simplify all parts of your HR processes. This cloud-based contemporary HR suite lets you easily manage and assist your workforce by integrating cutting-edge technology, automation tools, and outstanding features. Cezanne HR, which assists businesses in over 100 countries, offers free translation in ten languages. It also allows you to record financial data in your currency and manage many offices across the globe with your approval processes, cost centers, HR portals, and admin rights. In addition, the system offers maximum flexibility in carrying out various tasks, from adding employees to removing them and everything in between.
It offers a 24-hour online portal with professional articles, how-to guides, setup guidance, training, consultation, smart alerts, built-in reporting, adjustable forms, effective workflow management, and implementation services. Engage your workforce using its mobile app and online tools to improve cooperation and efficient communication. Spend little time on maintenance since Cezanne handles it apart from occasional upgrades. With its enhanced security and data protection via encryption, passwords, and GDPR compliance, all your data is protected. In addition, its open design facilitates third-party app integration and helps you improve your productivity.
7. BambooHR
Your employees are your company’s most valuable asset. Manage them carefully using BambooHR, all-in-one software that collects, organizes, and analyses employee data. As a result, enhance recruitment and onboarding, manage remuneration wisely, and develop a long-term company culture. BambooHR lets you store all information in a single, secure database driven by dynamic editing and reporting tools for speedier workflows. Controls it via a website or mobile app you can visit anytime and anywhere.
Personalize your formality and paperwork to ease onboarding and make the first day less unpleasant. It includes e-signatures, allowing you to manage records online and keep paper off your desk. BambooHR makes tracking time, PTO, benefits, and payroll easy. In addition, it lets you acquire deeper insights into performance management, employee happiness, and other critical statistics in planning to define your next course of action. It now has over 1.56 million active users globally and provides a seven-day free trial to get hands-on experience with the software.
8. Zenefits
Managing HR processes is no longer a burden if you have Zenefits, which assists your business in various ways. You can send offer letters with all necessary information and a link for online offer acceptance with a single click. It offers magnificent templates for offer letters or the possibility to upload a new one for this purpose. Its partner Checkr does extensive and quick background checks using the software. It enables new employees to self-onboard via the Zenefits mobile app or website, saving time on the first day. This SaaS HRMS software generates tax paperwork for joiners digitally based on the information provided.
The digital signature option urges you to become paperless. New employees may instantly log in to their accounts thanks to seamless interaction with Slack, Salesforce, Google Workspace, and other services. It offers dynamic organizational charts and an employee directory with pertinent organizations to improve cross-functional collaboration. Automate employee events like promotions, team/department moves, terminations, resignations, and more. This SaaS HRMS software automatically syncs data and any changes made in real-time so that they are reflected everywhere. It helps your employees and additional workforces, such as freelancers, independent contractors, and consultants. By automating tasks, you may stay in compliance with federal laws.
To save time, create and handle your PTO policy, and leave requests, designate blackout days, and utilize its automated PTO Balance Calculator. In addition, it contributes to business information by providing salary summaries, headcount actions, equal opportunity statistics, attrition rates, and granted stock options.
The Bottom Line: SaaS HRMS
Whether for recruitment, payroll, performance, or promotion, HR processes are one of the most crucial parts of contemporary businesses. Unfortunately, it requires a high degree of precision, and even little errors may be costly. But don’t worry; incorporate a cloud-based HRMS into your organization to automate all tasks with 0% error.
