Business & Finance

6 Best HR Software Review 2024 [Benefits, Features & More]

Best HR Software Review Benefits Features
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[Tremendous Business Growth 🡆 Increase in Employees 🡆 More Management Requirements]

The above statement expresses that a disastrous rise in any business results in more employees, which automatically demands efficient and organized management. With the increase in the number of employees, things get more complex to handle.

Be it a small-scale business or a well-known multinational company, a stage comes where every organization feels helpless in handling people-related data. And to overcome such mishandling by a team of humans, smart tools like HR software play a significant role in improving your business. 

HR Management Software is specially designed to cover all day-to-day HR tasks, which are highly time-consuming. Therefore, business professionals choose to take advantage of this smart tool.

Firstly, we need to know what HR management software stands for and why business professionals should incorporate this smart tool into their business. So, here we go.

What Is HR Software?

In simple words, HR management software is a digital solution specially meant for managing regular HR tasks. This software helps in saving a large amount of precious time for the HR team. Hence, it allows them to devote their time and resources to more productive & critical tasks.

HR software comes with a valuable amount of productivity. It brings more accuracy, quickness, and quality to your organizational tasks. The automatic tasks instead of human handlings cut down majorly on time spent with basic level admin tasks.

Hence, in this way, the HR solution proves to be of utmost use and plays a significant role in resolving issues faced by organizations. 

hr software market trends infograpphic

8 Benefits of HRMS Software:

1. Relieves from Time-consuming Tasks

The top benefit businesses experience via HRMS is the way they manage time for you. This software’s automatic functionality relieves you immensely from time-consuming tasks and adds more time to your business-driving activities. It automates basic tasks like holiday requests, holiday allowances, absence tracking, and, training. 

2. Enhances HR Team Efficiency

It reduces regular repetitive administrative tasks of the HR team through the automation process. And it decreases vast amounts of paperwork by providing an online platform that manages their work in a very orderly way. This, in turn, provides more time to the HR team, which they can devote to making strategies for business-critical tasks. 

3. Manages Employee Efficiency

Employee growth is the primary thing for the continuing success of your business. Keeping a record of employees is another benefit of HRMS. Organic feedback through HRMS helps employees to address their weak points and allows them to make improvements in them accordingly.

HRMS keeps accountability for specific, relevant, and timely goals. By tracking goals through HRMS, employees and managers can look up to the individual or department goals. It calculates progress, improvements, and downfalls faced by the employees.

 4. Enhances Employee Self-service

Generally, employees have countless questions in their minds regarding terms and conditions, salaries, leave, and many more. And it’s self-evident that it is not an easy task to answer countless queries from every person in HR. In such a case, an automated HR management tool is of great advantage. It provides better employee self-service.

With the assistance of HRMS, every single employee can check their paid sick leave, paid time off, or any availability to work remotely on their own. The software provides every employee with an account where they can find important information. 

5. Pocket Friendly 

Wish to save a lot of money? With the help of HRMS, many companies save a massive amount of money and not only money but many other resources too. This inbuilt automation process drastically replaces time-consuming clerical tasks, which ultimately results in money-saving.

Supposedly, if you have a mid-sized business of nearly 200 to 300 employees, then, according to the strength, at least one employee would be enough to manage the monthly payroll.

The research by Sage shows that HR management systems cost between $1 to $3 per employee every month. Therefore, it’s crystal clear that HR software seems more pocket-friendly than an HR manager’s salary.

6. HRMS Is More Secure

Gone are the days when people used to secure piles of paper information in a cabinet. Responsibility to secure bundles of paper data always brings a sense of fear to the concerned person regarding its safety. 

Nowadays, with the help of cloud-based HRMS, it’s not a matter of worry. You can preserve your previous or present employee data from any disaster like fire, flood, and many more. You can access your data from any place around the globe.

7. Payroll Management

A well-managed payroll is highly essential because errors that arise due to mismanaged payroll may lead to a company’s downfall. So, along with a motive to save time, HRMS promises to erase common human errors and mentions incorrect salary, missed deductions, double credits & so on.

8. Monitor Leaves More Easily

Choosing the right HR management software helps you with a quick and easily accessible holiday plan. By keeping a record of pending leaves, helps majorly in managing holiday requests. While applying for leave, employees don’t have to go through long, messy, email requests which consume a lot of time. The smart tool prevents unscheduled leave and manages employee discipline significantly.

Before moving ahead with the best HR solutions, it’s essential to know the HR Solution’s key features.

What to Look For in HR Software: Key Features

  • Auto attendance mode: Capable of managing employee attendance by integrating with biometric devices. 
  • Auto document verification: Makes the document verification process of aspirants simplified with HR smart tools. Keeps the HR free from performing manual tasks.
  • Payroll management: Assists the HR team in calculating employees’ salaries, bonuses, gratuity, reimbursement, etc. Thus, it relieves them from this aspect also.
  • Leave calculator: With this inbuilt feature, HR professionals can measure the leave balance of their employees. They can calculate accordingly when to approve or disapprove an employee’s leave.
  • Paperless onboarding: It eliminates the whole complicated paperwork by converting the essential tasks into a digital mode and keeps a record of every task.
  • Relieves the stress of HR professionals: Boosts HR professionals and adds more efficiency to their regular tasks by reducing their workload upon adding this smart tool.
  • Track employee performance: With efficient HR solutions, you can quickly and easily manage the performance of all the employees working in your enterprise. 

Now let’s discuss the topmost HR software in the market that can help you streamline your employee management process.

6 Best HR Software (HRIS, HRMS) in 2024:

1. HRM Wage

HRM wage manages multiple HR tasks for you. It aims to erase all the troubles that come before the HR management fraternity. It is built to relieve HR Management from the basic clerical tasks so that they can manage time to pay attention to other core tasks of your business. 

Key features of HRM Wage:

  • Payroll management
  • Leave calculator
  • Auto attendance mode
  • Auto document verification
  • Easy review of employees’ performance
  • Non-compliance notifications
  • Paperless onboarding

2. BambooHR

BambooHR is an all-in-one HR software that frees up the HR team from all the less important tasks. It allows HR professionals to engage themselves in more important tasks. It’s a cloud-based human resource software primarily designed for small and midsize enterprises. It aims to reduce all the HR paper-related tasks by setting up a smart HR solution. 

Key features of BambooHR:

  • Performance tools
  • Easy and quick reporting
  • E signatures to get away from paper-based systems
  • Applicant training tracking
  • Document management

3. Cezanne HR

Cezanne HR is also a cloud-based HR software with a user-friendly interface. It is specifically designed to look after the needs of small and midsize business professionals. It automates and enhances every aspect of HR professionals. The best part is, it is available in 10 languages and that too without charging any penny. 

Key features of Cezanne HR:

  • Easily customizable
  • Provides multi-language support
  • Mobile-friendly app
  • Embedded workflow
  • Payroll management
  • Employee management 

4. Namely

Namely is used by more than 400 companies. It is a powerful, all-in-one, easy-to-use smart tool that assists small to midsize companies in their HR-related tasks. It offers a helping hand to HR Professionals, from managing attendance to handling payrolls. Simply, Namely HR Solution simplifies every single task of the HR team.  

Key features of Namely: 

  • Talent management
  • HR compliance database
  • Analytics
  • Payroll
  • Onboarding
  • Offers customizations 

5. WebHR

An HR solution that manages every bit of your company’s personnel is WebHR. It probably frees up HR from all the non-essential tasks so they can devote their precious time to other crucial tasks of the company. Get more beneficial results for your enterprise with the help of a smart WebHR solution. 

Key features of WebHR:

  • Available in 30 languages
  • Attendance management
  • Employee management
  • Payroll management
  • Integrated with messenger
  • Mobile friendly

6. factoHR

factoHR is a digital HR solution for various organizations facing different issues while managing tasks. The system frees up the time of HR managers so they can concentrate on other essential tasks. The web-based software helps in automating different functions and improving efficiency. The software eliminates traditional paper-based tasks and establishes a smart digital work culture within the workplace. 

Key features of factoHR: 

  • Performance management 
  • Onboarding
  • Automatic attendance calculation
  • Payroll management 
  • Informative dashboards
  • Employee database

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Hence, from the above discussion, we can conclude that business professionals can simplify their business operations with the help of HRMS. And to make your business handling more efficient, HRMS provides a big helping hand.

Eliminate a tremendous amount of paper and other clerical tasks with the right management software. Decide to devote that respective time to other essential activities. Do share your valuable words with us and help us improve where we failed to meet your requirements.

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