7 PROS OF USING HR SOFTWARE

Reasons why organizations are adopting this progressive tool

@CakeHR

BUSINESS CASE FOR HR SOFTWARE

The HR function in any organization has become

indispensable due to the multitude of tasks managed.

Honestly, HR has lot on their plate!

HR has to respond with agility to today’s dynamic and challenging business scenario coupled with fast moving workforce.

SUPPORTING TOOLS FOR HR

HR has always been accompanied by support tools in delivering

its responsibilities. Paper-records, Post-It Notes and Spreadsheets ruled the roost in past.

SUPPORTING TOOLS FOR HR

Cumbersome paper-work and inefficient spreadsheets made

way for on-site HR systems in 20th century.

Solution used exclusively by HR team.

An acute need was felt for a technology that would be all inclusive, analytical, real time and open for entire organization.

WAY TO HR SOFTWARE

Irrespective of the organizational size,

it has become imperative to make data driven decisions

with minimal possible time and effort!

A well assorted, user friendly and flexible HR Software is the answer to HR troubles of maintaining efficiency and productivity

Valued at over $15 billion globally,

the HR Software industry is growing fast without any signs of slowing down.

?So what are the reasons that make cloud based HR Software irresistible?

REASON #1

The American Payroll Association estimates that manual errors lead to

losses of 1 to 8 percent of total payroll

Software lends improved efficiency and accuracy by automating the usual mundane tasks

According to a recent study by SHRM, companies using HR Software reported saving about 15 hours a week on administrative tasks

REASON #2

Opting for HR Software drastically reduces time, money and labor expenses.

Also, no extra expenditures on data consolidation and maintenance of central server.

A Typical US benchmark ratio of 1 HR Professional for every 100 employees is brought down to 1 HR

Professional for every 150 employees using HR Software. Manpower Cost Saved!

REASON #3

HR Software enables

transparency of Information.

This fosters collaborative culture

where employees gets trustworthy

information anytime and anywhere.

The aspect of Transparency becomes of high importance for HR Functions like Compensation & Benefits Administration, Leave Management, Performance Assessment and Recruitment.

HR Software has inbuilt ability to generate complex and meaningful correlations that help in

making data backed decision making.

REASON #4

To track the pulse of the HR

world, or follow up on latest

workplace trends, visit our

blog at cake.hr/blog

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YO U R H R . S I M P L I F I E D.

The worry of errors and consolidation time gets eliminated with quick and updated records

made available centrally using HR Software.

Improved communication among

different units is made possible

through HR Software as the

information that connects people is

just a click away.

REASON #5

The key sharable information is open for public consumption. This lessens the reliance on HR Department, helping them focus on other strategically significant issues.

32% o f H R S o f t w a re s y s t e m s

have internal social collaboration features

Source: Technology Advice Research

REASON #6

Advanced data security and recovery is one of the major benefits associated with HR Software.

It plays a key role in keeping frauds and data tempering at bay.

Companies who adopt cloud based HR Software can be rest assured that their data is safe and retrievable even under

disastrous circumstances like fire, flood or earthquake.

HR Software

from potential risks and legal complication with options to document and save employee discussions and policy intimations.

PROTECTS ORGANIZATION

REASON #7

HR Software is integrative business management solution that can be linked with external software like accounting and reporting. This goes a long way in streamlining the overall business.

The return on investment with HR Software is tangible with measurable outcomes like cost saving though the initial tech investment might be high.

How are global companies responding to HR Software??

According to

Software Advice Buyer Report 2015,

Globally around 32 percent of

companies use dedicated HR Software.

Which implies this market has still lot of potential to grow and evolve!

32%

Once forte of the large corporations, the affordability and variety available in the HR Software segment has made it a popular choice even with small and medium enterprises.

For HR Software to become accepted it has to satisfy organizational needs like customizable interface that accounts for nature of business, number of employees and HR functional tasks.

Since the world is moving towards mobile and social, HR Software is expected to speak with multi handheld devices and social networking platforms.

FINAL WORD

As organizations move towards greater system

functionality and employee growth, adopting a

comprehensive HR Software Suite will be a high

priority for long term survival.

YO U R H R . S I M P L I F I E D.

Check out the one-stop HR management suite at cake.hr

@CakeHRwww.cake.hr