A company’s most valuable asset is its human resource. Having access to the pulse of your employees and HR trends in your organization is very important in today’s connected world. Access to data in the form of charts and intuitive reports help CXO’s identify trends at an early stage and nurture or troubleshoot them.
These metrics can help when you are wooing good talent and show them why you will be a good place for them to grow.
As little as 5 years ago only large IT organisations had access to these metrics. Intersoft started fleshing out the HR portions of the myHRSuite platform at that time to do with the goal of providing Enterprise HRM solutions to the SME segment.
Many small businesses manage just fine using the traditional HR admin techniques, such as pen and paper or spreadsheets. But there is more to HR software than simply streamlining a large workload – here are 2 ways your small business might benefit from using HR software:
1. Your costs might actually go down
You might find that some HR software companies (for example, us!) will offer you our services at very negligible price (999 ₹ per month for 30 employees)
Sure, it might not cost huge amounts of money to keep paper records and print out employee contracts, but if you can do it all online for 999 ₹, then why wouldn’t you want to?
2. Be prepared for when your business grows
You might not be planning on expanding anytime soon, but when you do decide you want to take the next step forward, you’ll need to be prepared to handle a new influx of HR admin.
If you choose an HR software provider that allows you to add new employees as and when you hire them (without tying you to a limited number and a locked-in contract), then you can rest assured that you’ll be ready for it – whenever it happens. Your HR software will simply grow with you.
Do You Own a Small Business?
If so, we’d love to hear how you do your HR admin. Do you use paper forms, spreadsheets or HR software? Let us know in the comments below.