Traditionally, several processes surrounding HR and payroll were performed manually, i.e., through document-driven processes. Many of these are administrative tasks, which, when executed manually, increase transactional effort and hence lower organizational efficiency greatly.
HR software is designed to automate these processes
Compare this to automated solutions, essentially HR software, which can handle these tasks far more efficiently. HR automation tools can be used to capture, store, secure and access information such as employee contracts, employee information and to automate almost all other HR functions as well.
HR software for SMEs
HR software in Hyderabad comes in various shapes and sizes. Some of these are designed specifically to suit the requirements of SMEs. The needs of a typical SME varies when compared to that of LBUs (large business units). Essentially, SMEs are usually on the lookout to automate basic HR functions such as leave, attendance, and payroll without having to pay for add-ons that are unnecessary for their organizational size.
HR software and organizational efficiency
What with tech inundating virtually every sphere of human activity, the human resources function too has refused to be left behind. HR tech is, today, a $400 billion dollar market globally, of which India commands a $600-700 million slice. It is a sector that’s leapfrogging in India at a growth rate of nothing less than 25% per annum.
Driving such demand is the primary benefit that HR software offers – massive time and effort savings. This is brought about through the automation of functions that call for much transactional effort when performed manually. These functions include payroll processing, leave and attendance management, expense claims, and more. Here’s going into a little more depth about how each of these functions is better managed through automated systems:
Payroll processing involves the collection of inputs from various other systems within the organization, such as the leave and attendance management systems, as well as the expense management system. Moreover, performing payroll processing on traditional systems such as spreadsheets results in the need for multiple rounds of verification to avoid human error and manual management of complex formulae across multiple sheets. All this blows a death knell to efficiency! Thus, integrating and automating these systems saves duplication of effort and makes accessing information from any of these systems for payroll needs easy and hassle-free.
Leave management in the age of HR tech is no longer the burdensome task it used to be. In the past, one would have had to shoot emails back and forth to employees notifying them of their leave balances, leave approval statuses, and more. Also, maintenance of leave information was a headache. No longer is this the case. With HR software in the picture, centralized information storage makes access to and retrieval of information easy. Employees are in the know of their leave status as they now have direct access to the information through the software. A similar system is made possible for attendance management as well.
greytHR: Tailor-made for SMEs
If you’re located in Hyderabad and looking for HR software that has the above features and more, why not give greytHR a try? One of India’s pioneering HR and payroll suites for SMEs, it is today the leading software in its class serving over 4500 customers across India and the Middle East.