1. Automating HR Processes
Typical HR processes such as resource onboarding, recruitment, payroll management, performance management, etc. can be highly time consuming and resource intensive. Payroll Management for a company that has 50+ employees can take over two dedicated days for the entire HR personnel to perform when done manually. But when automated with an HRMS, the process takes just a few hours with no or minimal requirement of human intervention. This allows your HR personnel to focus on other key tasks such as HR process improvement, corporate training, enhancing employee efficiency, building organization culture, etc.
2. Providing Remote Access & Employee Self Service
One of the major HR tasks with an organization is employee services, where HR personnel is required to support employees with basic services such as process clarifications, generation of certificates and documents, etc. This is highly cumbersome and time-consuming, resulting in loss of productivity of the concerned HR executive. An HRMS provides remote access and enables employee self-service, which means employees can themselves generate these documents from any location by simply logging into the system with their credentials. This saves time for both the employee and the HR department.
3. Effectively Managing Regulations
Most companies operate within complex legal environments where they must follow certain regulations, such as those set up by the taxation and legal departments. An HRMS allows the completion of compliance checks and can schedule alerts as required to ensure that the company is always following regulation requirements because not following the same can prove extremely costly in terms of non-compliance fines and penalties.
4. Eliminating Human Error
One of the biggest benefits that an HRMS brings to the table is process automation. A carefully researched and implemented HRMS can help automate most tasks related to payroll management and filing, which not only saves time but also helps eliminate common errors such as incorrect salary calculations, double credits, missed deductions, etc. which can cause small companies to lose up to US$ 1,000 in penalties.
5. Protecting Against Fraud
As per research, companies can lose up to 5% revenue every year to fraudulent transactions done by employees. But a well-implemented HRMS can help you save this revenue as well as the time required to process these claims as it is an integrated solution that makes it impossible for users to manipulate the system. Processes are marked, formats are defined, and the system is integrated into existing finance, accounting, and ERP modules to help make the claims process seamless.
Frequently Asked Questions (FAQs)
Embee is a recognized leading technology partner in India with 34+ years of experience in delivering digital transformation to its 2500+ customers. We are uniquely positioned to empower businesses to be more with Cloud and Datacentre Technologies enabling them to leverage the latest resources on various cloud platforms. Our solutions are known to help customers optimize costs through application modernization and serverless computing. Choosing the right managed services provider ensures you attain peace of mind and focus entirely on your day-to-day business operations and excelling strategies.
For all your queries related to HR Solutions, reach out to us at octanehrms@embee.co.in. Embee offers Octane HRMS to help organizations address their entire employee lifecycle. Book a demo now to avail exciting offers and manage your remote workforce.
