While most executives will agree an accounting system is a must-have, the same sentiment does not always apply to HR systems. You’re probably going to have to sell the idea of a new system to your senior management team.
They may be skeptical that the investment is really necessary, especially if they have little or no visibility in all the tasks an HR manager is involved with on a daily basis. That is why it is important to document every aspect of an HR system's versatility, and to categorize all the benefits the company will enjoy both directly and indirectly.
Three Reasons to Consider an HR System are:
- If outsourcing payroll has pushed your budget to the limit and managing employee benefits has pushed your patience to the limit, its time for an HRMS solution that pushes back!
- Estimates say filling a 4-drawer filing cabinet costs about $25,000 when you include the cost of your time in generating, processing, and dealing with the stuff.
- An HR system can assist you in making your HR department more effective, permitting you to focus on strategic work, instead of basic administration and repetitive tasks. 60% to 80% of time spent by HR staff is devoted on repetitive administrative tasks.
Top 10 Features to Look for in a New HR System:
■ A choice of database platforms
■ Benefits, attendance and compensation tracking
■ COBRA support, notification and enrollment
■ Applicant tracking and management
■ Integrated payroll processing
■ Quick implementation
■ Easy data-import features
■ Industry-standard technology
■ Ability to easily customize to fit your business needs
■ Scalability to accommodate
Download our 'How to Choose an HR System' whitepaper to help you choose an HR system that is a good match for your business.