HR Solutions: Myths Vs Reality

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HR Solutions Myths Vs Reality QuickHR
Singapore
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From hiring top talents to managing hectic
payroll periods, HR leaders have been handling a
heavy workload not until digital HR solutions
started to make its way into the business
industries. As we adapt to digital
transformation, many organisations have begun to
deliberate whether HR solutions are good for the
business or not.
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Some might wonder about the true value of HR
solutions, especially the non-tech savvy people
within an organisation. Theyre most likely to
fall prey to the many myths surrounding HR
technology. For all the HR professionals out
there, who are looking to invest in automated HR
software, join us as we debunk the common myths
surrounding HR technology to ensure smooth
business work?ow and e?cient employee
experience! Myth 1 Theres no need to invest
in an HR solution. Have you already proposed the
HR software implementation at an executive board
meeting, only to hear them say that theres no
need to invest in an HR solution? As we all know,
there are some people who arent convinced of the
capability of automated HR solutions, believing
that itll only lead to inaccurate and
inconsistent work?ow as well as discrepancies in
calculations. Some would also say that itd only
be a waste of time and money because of the
complexity and high- maintaining costs. Reality
Check In contrast to this misconception, HR
solutions are capable of providing automatic and
accurate calculations of payroll, leave, and
claims, and more. Almost all of HRMS platforms
are tailored to the companys speci?c policies
and computations, ensuring precise and
error-free results.
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In addition, HR software can help streamline
multiple HR tasks such as attendance tracking,
staff scheduling, hiring, appraisals, and so on,
allowing you to e?ciently manage HR processes
all in one platform. If youre unsure if you need
HR software, think about how much time you spend
on day-to-day recruiting, managing attendance,
and payroll duties. If its more than 30 minutes
a day, you should be using HR and payroll
software that can give you the insights and data
you need to save much time for other higher-value
tasks. Myth 2 HR software is only for large
companies. Acquiring an HRMS software during the
early stages of a business is often discouraged
because it is seen as unnecessary for managing a
small team. Moreover, with the tighter budget
and limited resources, SMEs would prefer to keep
a small workforce and save as much as they can to
maintain everything in balance. Reality
Check Many arent aware of the fact that there
are many viable HR software services designed
speci?cally for startups and small businesses. It
comes down to choosing the right one thatll
bring the most value by meeting your business
needs and working with you to grow your
company. Some HR solution providers are offering
cost-effective monthly subscription plans
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featuring valuable HR tools with real-time
access to the most up-to-date information.
Its also important to note that some tools are
free, even with limitations. HR solutions also
come with maximised data storage where you can
easily keep track of the oldest records. As your
company scales, these archives and records can
help you gain deeper insights to address the
issues that may surface when managing your
growing team. Myth 3- HRMS software costs a
fortune. When someone talks about investing in an
HR software, you mightve probably heard that it
demands high costs and that its not worth the
expense. Therefore, some organisations ?nd the
HR solutions as an expense rather than an
investment. But if you can try to look at the
big picture, you can see the true value of
investing in an HR software. For instance, are
you aware of how low-level tasks in a days work
are often quick to go unnoticed? How many dollars
are going into currently managing administrative
tasks? How much can be saved and gained by using
an HR software? Reality Check If you deeply
look into it, you can save so much more through
utilising an HR
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software. For instance, if youre earning 10 per
hour and spending 4 hours on administrative tasks
on a typical day, thats roughly 960 hours and
9,600 of your yearly pay designated to
processes that can easily be done within
minutes. Therefore, a holistic HR software can
cut down your administrative costs to almost
60, especially if you opt for a cloud-based HR
solution where all the updates get automatically
synced unlike on-premise. It saves a lot of time
that goes in payroll processing, leave and claims
management, attendance tracking, recruitment,
and more. Using the saved time for doing other
relevant tasks crucial for business growth can
eventually increase revenue. Thus, contrary to
the well-known belief, it reduces your overall
costs in the long- term and increases the
overall revenue. Most importantly, the estimated
costs for an HRMS software also depends on the
modules youre using. Instead of paying for the
whole suite of HR solutions, you just need to
pay for the modules you decide to use. Also, the
installation and subscription costs are
relatively low. Myth 4- Setting up a
cloud-based HRMS is too complex and
time-consuming. When asking for employees
feedback about an implementation of HR software,
most of them would probably have concerns over
the complexity of the processes,
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saying that it might take too much of their time
to learn the functionalities and get used to the
new work?ow. These automated functionalities may
sound complex at ?rst. However, many arent
aware that there are many HRMS platforms designed
with user-friendly interface, mainly for people
who are inexperienced with HR processes. Reality
Check HR software is built around the concept of
making employee management processes more
e?cient for not only managers but employees as
well. Cloud-based HRMS solution is way easier to
implement. Migrating the data from the companys
old system to HR software platform takes a couple
of days and after that, every employee can
access it via mobile or desktop over the
internet. Since there's no hardware installation
is required, a major IT involvement is not
necessary. Within the software, there are also
certain features with tutorials or step-by-step
guides on performing tasks in the platform. This
way, users will be able to master their software
and be able to get up and running quickly at
every opportunity. Furthermore, HR software
companies offer excellent support before and
after your purchase including 24/7 email support
or live chat help making implementing HR
technology easier than ever. If you dont think
your team will give it much use, engage them
from the very
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beginning. Allow them to have a say in which
software they think is best suited towards their
needs and theyll likely be more excited to use
it once implemented. Your team will certainly
appreciate having greater control over managing
and accessing their own information without
having to pass through HR every time. Besides,
with tech-oriented millennials now making up the
majority of the workforce, they will be quick to
embrace the software for its convenience and
e?ciency. Myth 5 - The company data will be at
risk. We all witnessed the security breach that
shook one of the worlds largest tech
conglomerate, Apple. Neither are we oblivious to
the ?urry of data breach issues at Facebook. The
ever-growing cyber threats to businesses raised
fears across all organisations. Reality
Check While there have been numerous cases of
data breaches, cloud-based HR solutions
continue to be one of the safest and
cost-effective ways for organizations to store
and access data. Most cloud HR software vendors
provide excellent security and encryption
features to safeguard all the con?dential
data. HR software is capable of implementing
strong security protocols and updating the
system with the latest policies for better
safety. it stores data in an encrypted
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format and has built-in access rules to permit or
prevent access to different types of employee
information. With heightened data security, all
employee and business records are stored
securely on its servers. Conclusion Every
organisation might be confronted with one
misconception to other. Just remember that HR
software isnt a fancy new tool or a luxury for
an organisation. Instead, its increasingly
becoming a necessity for organisations to
automate low- level HR tasks and help their
teams improve daily work?ow. Sign up for a
14-days free trial
Source https//quickhr.co/best-hr-solution-in-sin
gapore
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