5 Clear Indicators Your Business Demands HRM Software

• Are you still producing reports and collating all the employee data manually? 
• Is your organization unable to keep up with the evolving compliance rules?
• Has processing payroll become a pain?

An HRM software is what you need. Also known as human capital management software, HRM software is an automated, hassle-free, and secure solution that’ll enable your HR department to run like a well-oiled machine.

Here’s WHY you need an HRM Software

• It helps you save time.
• Important information is readily available in just a few clicks.
• It helps you build a more skilled and effective workforce.
• It makes all your HRM processes more secure.
• It helps monitor employee attendance easily.

Still on the fence about investing in one? Your business is talking to you — watch out for these 5 signs that your company is in great need of an HRM software: -

1. Your HR Department is Buried in Paperwork

An HR department that is still running on paper and a filing system is bound to crash and burn at some point. Is your HR one of them?

If so, you’re not only jostling with the hassles of managing the mountains of paperwork, but also your company is at the risk of information breach as well as overburdening of employees as it is tedious, time-consuming, and honestly, extremely strenuous. 

So when it comes to streamlining HR processes and freeing up your resources to focus on employee engagement and other essential activities, an HRM cloud-based solution is a no-brainer. It digitizes everything ranging from employee information to payroll and even attendance.

2. The Turnover Rates are Exponentially High

According to Mercer’s survey, cited in Forbes, 54% of the Indian workforce is considering leaving their jobs. And when considering the 16–24-year age bracket, this number spikes to a whopping 66%.

Source: https://www.forbes.com/sites/sylviavorhausersmith/2012/07/02/how-to-stop-employee-turnover-in-india/?sh=396cc76d1481

The key reasons identified by the survey behind these dissatisfactions were narrowed down to the following: -

• Because they can
• The market frenzy. 
• Bad management

Now, if you’re familiar with employee turnover, there are certain factors that are under your control and few that aren’t. The ones that you cannot control are primarily generated from the external environment. 

Needless to say, the first two may not be in your control. However, the last one (bad management) can be sorted out with an HRM software. By closely monitoring and overcoming employees’ pain points, an HRM software can help in enhancing the employee experience, ultimately reducing your employee turnover.

Remember, an employee retained is only one less thing to worry about. Enhance the employee experience organization-wide, and you’ll have 50 fewer things to worry about.

2. Evident Issues with Payroll Management

Whether it’s related to generating reports, collating employee data, or rolling out the salary, you’re in dire need of an HRM solution if your organization is facing several payroll management challenges.

A robust HRM software can not only help overcome misclassifying employees and late processing of salaries but also tackle every payroll management challenge in the book. This can allow you and your team to focus on essential tasks like retaining employees, keeping them engaged, and attracting the best talent.

So far so good? But wait, it’s not over, there are more signs, critical signs you must watch out for. So, keep reading...

3. Your Organization is Working Remotely

The pandemic has most certainly hastened the rise in remote working models, with notable benefits, of course. However, with WFH (Work from Home) and WFA (Work from Anywhere) models becoming the mainstay of conducting operations, companies worldwide are struggling with managing critical processes; HR is no exception.

So, if you want to streamline your HRM while reaping the benefits of remote working, an HRM solution is the answer you’re looking for. A scalable, secure, and cloud-based HR software can allow you and your employees access to the office without being in a cubicle.

Essentially, it’s like HRM on the go - you’ll have 24*7 access to your system, irrespective of where you are. All the systems and processes will be automated, secure, and accessed via a web browser. You won’t even have to lift a foot or visit the office on your day off because some information is urgent but unavailable; it makes everything that easy.

4. You Can’t Fetch the Data You Need to Make Decisions

• What happens if you need the employee productivity report for the entire year? Is it delivered to you within a few hours, or does it take days to collate that data?
• And what if it’s the employee expenses you want to keep track of? What then? How do your employees tackle such tasks?

Do they do it manually, or do you have some outdated system in place?

Well, if collating, analyzing, and sharing data has become an impossible and tedious task, that’s your business crying for help. This is where an HRM software swoops in as a literal knight in shining armor to save the day. It enables your employees to access any and every people-management report in just a few clicks. And not just that, it also acts as a single source for collecting, reporting, and analyzing employee data, enabling you to keep track, predict trends, and make data-driven decisions.

What if there’s an established way to manage payroll, attendance, and expenses simultaneously? What if there’s a one-stop solution to all your HR management problems? 

Presenting the robust, scalable, and secure HR solution of all time - TeamNest.

TeamNest - Leaving No Paper Trail behind

TeamNest, a cloud-based service software, is here to automate core HR processes for small and medium-sized organizations. The comprehensive solutions offered by TeamNest boast a seamless, intuitive, and highly secure user experience. This means that not only all your employee data is under one roof, but it’s under a roof that is secure and protected by stringent safety measures. So whatever HR worries you have ranging from payroll, compliance, expense tracking to report generating, TeamNest can handle it all in just a few swoops.

So what are you waiting for? Invest in a scalable, agile, and robust HRM solution; invest in TeamNest TODAY!