Why your company needs an HR platform

Human resource management is absolutely crucial for a growing business. When starting out, you may find it quite easy to manage your team with a spreadsheet or a few documents. Eventually, as your company exceeds its current size, you will find that these basic documents are not enough to control everything, such as:

• Employees.
• Documents.
• Integration.
• Landing.
• Sick days.
• Vacation days.

As we said, if you only work with a few dozen employees, a list like this can be quite easy to manage. But what happens when your team numbers in the hundreds? Suddenly, this task becomes insurmountable.

Unless you have the right HR platform.

But besides preventing your Human Resources department from suffering from premature hair loss and leaving the company, why exactly do you need to employ yet another software solution to manage your business?

You might be surprised by the answer.

Let's dig deeper and find out.

What is HRM?

Before we dive into why, let's answer this most basic question. A Human Resources Management (HRM) solution allows you to effectively and efficiently manage all people in a company, to help you gain a competitive advantage over the competition. HRM tools allow you to constantly monitor an employee's performance against your strategic objectives.

Indeed, human resources management is much more than just a way of controlling employee data and presence.

There are many human resources management solutions available on the market. Of course, if you find that these offerings are not exactly what your company needs, you can always hire an outsourced software development company to build a custom human capital management software development.

Now, and why?

Measuring Productivity

A very important aspect of a good HRM solution is that it makes it possible to measure an employee's productivity. This might seem a little Orwellian at first glance, but having these types of metrics makes it possible to ensure you have the right people for the right job.

When working with this data, you may discover that some employees are not as productive on certain projects. By using metrics, you may be able to discern that an employee would perform better in a different department or project. So it's not just about knowing who to fire, but how to create the best option for everyone involved.

This platform can also help you see where each of your employees needs to improve, which can make your workflow more cost-effective.

This is effective management.

Efficiency

This is another area where human resource management can really help your company. Consider this: You probably have some employees who spend a lot of time calculating payroll. Wouldn't it be great if these team members could be used elsewhere? Many HRM platforms have integrated payroll systems. So instead of having an entire department dedicated to payroll, you can reduce this and let the software handle the heavy lifting.

Reliability

Mistakes can be costly, especially in the areas of payroll, tax information, scheduling and employee engagement. You need these areas to be as accurate and reliable as possible. If you leave all this to humans, there will be mistakes. And while software may have its own set of problems, it rarely makes mistakes (unless it's in the form of human input).

Therefore, if you want to increase the reliability of your HR department, an HRM solution is a foolproof method.

Effective Planning

If you've ever tried to plan vacations, time off, sick leave, promotions, and events at a medium to large company, you know that trying to do it with Google Calendar or Outlook simply isn't enough. You need a platform specifically geared to handle these types of scheduling nightmares.

In the context of HR, scheduling is not just about marking a date on the calendar, but the domino effect that this event will have on the schedule as a whole. A good HRM solution is better equipped to control these very specific types of events and planning. You don't want your HR people to have to manually track how many sick or vacation days each employee has. Doing so runs the risk of many issues arising that can cause an escalation of unpredictable problems.

Better recruitment and retention

With a good HRM solution, your company will be better able to recruit the right team. Some HRM systems even integrate with the most popular job boards, so submission is practically automatic.

At the same time, a human resources management system can help improve employee retention by tracking complaints and helping you understand why employees leave. You'll also have instant access to data (like average salaries by job description) that can be very helpful in your hiring process. With this information, you will be able to adjust your business to better serve your market and your financial results.

Better compliance

Better human resource management solutions make it much easier for companies to remain compliant. And given how compliance rules and regulations are always changing, make use of a software platform to keep you up to date.