HR software is a digital solution to optimize and manage your organization’s HR goals and everyday HR tasks.
Most of the HR software products available today are subscription-based, cloud-based, can be easily integrated with other data management programs, and can be heavily customized to suit an organization’s goals, needs, and budget.
Functions of HR Software
HR software automates tasks that would otherwise have to be done manually and creates data-driven reports. Some other primary functions of HR software include:
– Performance management and tracking goals,
– Automation of pre-boarding, onboarding, and offboarding processes,
– Tracking employee training for development,
– Administering and managing benefits,
– Creating workflows and tracking approvals,
– Securely organizing and storing employee-related data,
– Integrating third-party applications.
Benefits of HR Software
The time and resources HR managers and staff save by utilizing HR software can be used to focus on more important and profitable tasks. Other benefits of HR software include:
– Continuous feedback,
– Reduced errors,
– Better succession planning,
– Documents and employee data are better organized,
– Processes are streamlined,
– More accurate analytics.
A Guide to The Best HR Software
You can determine which HR software is best for your company based on the company’s needs and goals. Below are the major types of HR software that can help your organization reach its goals:
– Human Resources Information Systems (HRIS)
An HRIS is the central data-management platform capable of performing several HR functions like recruiting and tracking applicants, managing payroll and benefits, storing employee data, and the like.
An HRIS could be the core database in an all-in-one HR software system or be standalone software that can integrate with other HR programs.
– Applicant Tracking System (ATS)
This recruiting software streamlines the entire hiring process. It handles tasks like posting job openings to multiple platforms, storing applicants’ data, and screening applications to find potential matches.
– Onboarding
Onboarding software simplifies and tracks the process of introducing new employees to the organization. It has automated functions like electronic signatures, employee questionnaires, training tracking, pre-boarding packages, and other such functions to make the onboarding process smooth.
– Employee Engagement
This software can be utilized to improve employees’ outlook towards work and increase individual and team engagement. To do so, there are features like daily work priorities, coaching, feedback, and analytics.
– Performance Management
This platform can be used by managers, HR professionals, and employees to evaluate employees’ skills, set performance goals, and track improvement.