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The evolution of technology has forced businesses to transform the way their business performs, in some or other way. For HR, the digital transformation in 2024 has led human resources leaders to remain busy modernizing their HR processes with a modernized HR solution, i.e HRMS Process.

The changes will enhance the company’s competitiveness, brand appeal and lead your business towards success.

“As per a report by McKinsey and Company, around 56% of typical hire-to-retire tasks are easy to automate using the technologies that are currently in action.”

What is HRMS Software?

With the evolution of technology like Machine Learning, Artificial Intelligence and Robotic Process Automation has transformed HR processes, that makes it easier for the HR department to handle their complex employment process in a simple with HRMS Solution.

A human resource management Solution, easily automates all the processes throughout the employee lifecycle.

It enables HR department to handle all the employee processes, such as payroll, employee engagement, and facilitates employee management.

A cloud based HRMS software is developed to take the administrative burden off Human Resource departments with features like recruitment management, office time management, handling payroll, attendance management and other such benefits.

Whether you own a large, small or medium businesses, HRMS software makes it easier to manage people and employee data easier for HR managers.

Challenges Business face without HRMS software:

The present workforce has become more dynamic and diverse, this creates major challenges for HR management.

The conventional HR strategy is no longer effective, and businesses need to step up their HR operations to attract and retain talented employees.

Using HRMS software can help businesses to tackle these challenges and offers a proper work environment to employees.

Let’s find out the major challenges HR department face without an HRMS system:

  • Inefficient Onboarding Experience:

According to a survey by Gallup, only 12% of new hires think they follow a proper onboarding process.

Most of the time, the onboarding program lasts for a day or two, leaving your recruitment team in a confused and dissatisfied state.

An ineffective onboarding process ultimately results in financial disruptions to your organizations, due to the increase in employee turnover.

Also, the Candidates who are unhappy with the onboarding processes tend to quit the company within a year.

  • Lack of Proper Training and Development Opportunities:

Being a Human Resource Manager you are aware of the difficulties that are associated with a new employee joining, i.e training and development programs.

It is important to choose the right training topics to fulfill the diverse needs and interests of the current workforce.
Benefits of HRMS
The courses that you invest in, need to be implemented by your employee, if the program is not designed by focusing on your employee, then your employee won’t seek interest in it or find it engaging.

This response towards your organization’s training opportunities will result in low ROI.

  • Decreasing Employee Turnover:

The turnover rates are one of the major concerns for HR departments globally.

As per a survey by gallup, more than 51% of  employees aren’t satisfied with their current job and are seeking a new opportunity.

Lack of employee engagement, career development and performance feedback, are the major causes for employees to quit their job.

  • Manual Human Resource Administration Tasks:

Handling administrative tasks manually mostly leads to multiple errors, causes compliance issues, manually handling all employees data becomes infeasible with growing organizations as data can’t be easily modified and are more susceptible to theft.

The time spent on manual tasks often drains efforts towards hiring, reducing employee turnover & engagement, succession planning and more.

Also, employees notice when there is a lack of proper HR system in place, and ultimately leave a bad impression on your organizations.

Benefits of HRMS

  • Efficient Employee Data Management:

Efficiently handling employee data is the fundamental features of an HRMS software.

It includes an overall and comprehensive directory of employees that holds their personal data, salary, job history, tax information and banking, leave request, insurance and other necessary information that are crucial for your company.

  • Automated HR Processes:

With an HRMS system, it can help to automate several day-to-day tasks. With an appropriate HRMS system your team won’t have to worry about managing employees benefits, taxes, salary, paperwork and other information. All the information is analyzed automatically into the system.

  • Improved Decision Making:

When you don’t have adequate data it becomes difficult to make strategic business decisions, and workforce planning.

When you analyze employee cost & worked hours, it becomes easier to accurately plan for projects and make recruitment decisions.

HRMS solution also helps to track employee performance and get every detail of your employee at your fingertips.

  • Consolidated Human Resource Systems:

HRMS system, is a consolidated solution that states as one source of truth. A single platform to fulfill all the HR needs, employees can effectively engage and complete the activities, without switching applications.

  • Scalability and Flexibility:

Business intelligence, like workforce planning and employee data are effectively managed, the solution gets better aligned with business strategy.

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If the business wants to branch out new sets of services, the data will identify the right skills of the data that needs to be upskilled, while preparing for the workforce to achieve new goals.

  • Integration with other Systems:

As the HRMS system is developed with advanced technology it is easy to integrate with your existing business systems.

  • Cost Savings:

The Human Resource management System, easily automates the time-consuming data entry tasks. This enables you to save company money, and add to the initial savings, free your organizations from manually data handling.

A right HR management software, allows you to effectively handle all your processes digitally that saves lots of time and money.

How can IYRO HRMS Solution assist you ?

We at IYRO, we deliver our solution that does fulfill the needs of your HR departments. It helps you to effectively handle employee data, performance, handle payroll, and streamline business processes.

An advanced HRMS solution, that is developed with the latest technology to cater the needs of  business and HR process. This not only saves your time but it also helps you to save lots of money.