Many HR managers and those responsible for people management are facing a dilemma. They want to help find ways to save on workforce-related costs, find and hire better talent, and improve existing talent through training and development. But most days, routine administration drains away most of their available time.
If you and your company recognize this dilemma, then this three-part blog is for you. In it we will consider the challenges facing HR professionals, what a fully functioning HRMS looks like, and how to quantify the benefits of implementing an HR product.
You may be facing, in common with many companies, several business challenges:
Succeeding in HR with limited resources. You, perhaps supported by a small HR team, may have sole responsibility for HR administration, payroll, benefit management and more. But you may lack the tools you need to track important employee information and automate transactions which would free you up to devote more time to employee relations, fostering a good work environment, and providing training and career opportunities.
Managing compliance and the risk of litigation. It is increasingly challenging for any organization to stay on top of state and federal laws while also meeting the numerous reporting requirements necessary to protect against fines and penalties. Add to that the need to communicate with, and train, employees so that the company is not at risk for expensive lawsuits, and you have a complex picture.
Ensuring accurate and timely payroll. Pay checks that are late, or contain errors, not only cost money, but they also hurt employee morale and undermine company credibility. In addition, you must deal with complex federal, state, and local payroll taxes, potential fines, late fees, and an increased chance of audits for missed filing and payment deadlines.
The role of HRMS technology Enabling you to maintain key employee information, deliver payroll, stay compliant with federal & state laws, recruit and onboard, plan, process time off, and report, Sage HRMS creates an integrated solution that can also help you and manage employee development, compensation, and retention.
To learn more about Sage HRMS, take a look at a range of Quick Feature Demonstrations on the Sage Customer Support and Training YouTube channel as well as all the other resources available on the Sage City Community.
Next time: What makes up a well-planned HRMS – features & benefits for every company.