HR software is becoming popular day by day; companies have started investing more and more in educating themselves, reading and researching about it and also ultimately investing in it. It has become a necessity for not just the corporates and MNCs but SMEs and startups as well. The trail of benefit it offers is endless depending on the HR software you have chosen and add-ons you have opted for. The software primarily automates, assists and helps the company save time and energy so that it can be used in some other tasks that can lead the business towards growth and success rapidly.

If we trace the history, we will find that the first time in the 1970s, the human capital data was managed on computers, then it became available to enterprise clients in 1980s and then finally it was in 1990s that web-based software came in the picture and made it to the new cloud-based, easily integrated and subscription-based software. This is the most widely used and common software in the HR marketplace.

It is so because such software are more customisable, easy to use, mobile, while they are able to keep the company compliant.

What Does HR Software Do?

Payroll and HR software primarily works with all the subdivisions of the human resource department in every organisation. The departments include recruitment, expense, travel, payroll, workforce, helpdesk, and a lot more. This also eliminates paperwork, manual work, erroneous calculations, employee directory, and also performance management.

Here are some of the functions that it can help you with partially or entirely without your support-

• Securing and organising employee data
• Creating workflows and tracking updates on requests
• Time-tracking and self-service
• Tracking the progress of development, training
• Fetching reports on employee satisfaction
• Goal tracking, setting, and performance
• Management and administration of benefits
• Onboarding, pre-boarding, offboarding
• Integration with third party applications
• Keeping a check on all the data changes in the audit trail
• Making custom reports to get strategic insight
• And a lot lot more.

What are the benefits of HR Software?

While an HR software has many benefits, if I were to say the biggest advantage that using it gives you then it would be its ability to reduce the time that is spent on repetitive and monotonous tasks. You can reduce your administrative tasks, the responsibility burden will reduce and strategic outcomes will be more apparent.

How to know which is the Best HR Software?

The best software is the one that takes care of the unique requirements of your company and its goals because there will always be one solution perfect for your company more than others. All of them manage onboarding, employee engagement, performance, applicant tracking, etc.

So, make the decision wisely so that you don’t have to regret it later. Changing HR and payroll software will lead to a lot of research and expenditure again. This is why it is better to choose the right and best software in the very beginning itself.