Depending on the size of a company, the duties that come along with human resource positions can seem endless. Between managing payroll and scheduling company wide meetings, the plethora of information that must be tracked requires tireless organization. Fortunately there is now software to automate many of these processes. Below are some questions you can ask yourself to see if you could benefit from human resource software.
- Want to Alleviate Employees?
Besides a few key duties, it’s hard to pin down all of the responsibilities that encompass an HR position. The most crucial involve managing payroll and employee benefits but there is also scheduling business to business and business to consumer interactions to consider, as well as representing the face of the company to new connections. With even a chunk of these responsibilities laid on HR software solutions, they could focus more on creating a positive appearance for the company.
- Manage Employee Benefits?
With the cost of living rising as quickly as it has been, benefits packages have become much more common considering up to 75% of small businesses in America offer employees some form of paid time off. Coupled with health insurances and plans for each employee, there is a lot of information to maintain for every individual. A company can expect to spend anywhere from 30 to 40% of payroll expenses on a basic benefits package which can be reduced through the automation provided by HR management software.
It’s great to offer employees any benefits whatsoever, but following modern trends employees are requesting and expecting more perks all the time. Other than the extra financial costs, another problem this raises is competition between rivaling companies’s benefit plans. New and existing employees may compare benefit packages to influence their decision on a position. Using human resource software to cost-effectively help with managing employee benefits could offer the ability to throw in added perks to gain or keep devoted workers.
It’s easy to fall into complacency when dealing with benefits but with about 71% of employees who have some version of a health reimbursement plan receiving contributions from their employer, the benefits market will most likely continue becoming more competitive. Between saving money and competing for employees, effectively managing employee benefits can be a huge burden. Allow human resource software to automate the system to a manageable level in which you feel comfortable negotiating.