How to keep the human spark alive in a highly analytical world of banking and financial services industry? That’s the foremost question facing HR managers in the finance sector. Especially, when the sector is facing challenges of adopting rapid business growth and disrupting Fin Tech innovations!
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The rainy season can present numerous challenges for businesses, particularly in regions which are prone to heavy downpours, flooding, or storms. It’s essential for HR departments to implement strategies that maintain productivity and employee well-being during this time.
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Employee Self-Service, or ESS, is a dashboard or portal where employees can access and manage their own HR-related information. All on their own, without involving the HR department. They can view their attendance and leave status, payslips, and can request time off, update their personal details, without any assistance from HR personnel.
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Business owners often ask, why do we need a mobile HR app, we are a small organisation? They say– most of our people work in the office or factory.
What they don’t say is often implied in their tone: Mobile app is not a necessity, but a luxury meant for larger organisations. A waste of money for SME organisations.
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The SME companies are different from established organisations. Not just in scale, but also in their growth story. SME organisations are ever-changing, ever-growing. From creation of new policies to developing the organisational structure, HR’s role is crucial, as well as challenging.
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The manufacturing industry is known for its complexities in managing various aspects of human resources. On one hand, the large number of work force is blue-collar, on the other end there are engineers and managers. Their expectations from an HR software are different.
Plus the compliances are stricter in manufacturing. And factories in multi-locations also make HR’s job challenging.
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Payroll generation is an integral part of any business, but it can often be a time-consuming and complex process. We see payroll managers struggling every month, coordinating between accounts departments, HR managers, line managers. We see them losing their mind over calculations of salaries, uploading Excel sheets and many other mundane tasks.
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We are an HR Tech company making cloud-based HR software for SME businesses. In a recent internal survey we found that business owners prefer automating payroll processes over other HR activities?
Why is there a preference for payroll automation software? We asked. And the answer was plain and clear–
Because payroll involves business owners and startup founders, too. And it is so tedious and complex that they lose much of their time in checking and rechecking, and talking to their HR friends about new compliances.
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Here is an interesting fact–
Many SME business owners postpone the implementation of payroll and HR software till they come to a certain size. They think that manual payroll processing, or a limited desktop software, is sufficient for their organisation.
But startups go for the automated HR solution early. Even when they are just a 20-person team.
Continue readingOutsourcing is on the rise, companies are focusing on their core competencies, leaving the functional management to the domain experts in each area. In short, outsource what is not core!
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