Modern Cloud-based HRM Software – Why Businesses Need to Invest in It

The HR department plays a vital role in any organization. With numerous responsibilities to fulfill, it can often be overwhelming for HR staff to manage multiple processes, particularly in large organizations that span multiple locations.

A cloud-based HRM platform is not just useful; it’s an essential tool for your business. An advanced HRM system handles various HR functionalities, including time and attendance, recruitment, performance management, training, document management, and payroll.

Despite the availability of efficient HRM systems, many companies persist in the outdated practice of manually processing tasks like payroll. This outdated method consumes a substantial amount of time and money and is prone to human error. Adopting an online HR software system eliminates human errors and streamlines your HR operations, enhancing overall efficiency.

What is a Cloud-based HRM Platform?

A cloud-based HRM platform offers advanced features enabling businesses to store employee data in a single, secure, and easily accessible location. The HR data can be accessed anytime, anywhere, from any device with an internet connection.

Why do Businesses need to invest in a Cloud-based HRM Platform?

Today, cloud-based solutions are becoming more popular; businesses using online solutions are more likely to report gains in productivity, enhanced employee experience, and better workforce insights than those using on-premise solutions. Below are some more reasons to invest in an online HRM platform.

Data Security

Storing employee data in paper files or on your computer poses significant risks. Without on-premises servers or installations, all your crucial data is securely backed up on cloud servers.

A cloud-based HRM system enables you to securely store employee information and documents in a centralized location with specific permissions. Additionally, it provides reminder notifications for expiration dates. You have complete control over user access, and in the event of unforeseen circumstances, all your data remains safe and easily accessible at the click of a button for quick recovery.

Convenience & Accessibility

The system stores all data on cloud servers, providing instant access to critical HR information from anywhere, anytime, and on any device.

Through the employee self-service portal, employees can conveniently access the solution at any time. They can register their attendance, apply for time off, check holidays, update personal information, and more – all with just a few clicks. This eliminates the necessity of involving the HR team and saves them from unnecessary hassle, effort, and time.

Cost-Effective

The online HRM system eliminates the need to purchase expensive hardware or additional equipment, offering an affordable and budget-friendly solution. This accessibility ensures that even start-ups and SMEs can enjoy the benefits of cloud-based HR software without straining their budgets.

Effortless Scalability

Cloud-based HR software offers effortless scalability and customization, allowing swift adaptation to organizational changes. With a SaaS-based, pay-as-you-go subscription model, you can select what fits your budget and business-specific requirements.

What to Look for in a Cloud-based HRM Platform

Investing in the right cloud-based HRM solution is a better approach to streamline HR processes within your organization. But how do you choose the right solution? To find the best software that suits your business, consider these key factors when searching for cloud-based HRM software.

Time and Attendance Management

An automated system that captures real-time employee attendance manages time off, manages shifts, and provides accurate attendance reports.

Employee onboarding and Offboarding

A customizable process that enables the HR team and managers to assign tasks, track assets, and efficiently manage employee onboarding and offboarding processes.

Applicant Tracking System (ATS)

An Applicant Tracking System that helps in finding and hiring the right talent, thereby maintaining an innovative and efficient hiring process.

Performance and Goal Management

robust performance management system that assesses employee performance, facilitating the easy tracking, and management of goals and objectives.

Employee Self-Service (ESS)

A system that provides employees with direct access to their data and the flexibility to perform HR tasks independently.

Payroll

A robust solution that manages and automates salary calculations, deductions, social security, and tax compliance in your country.

System Scalability

An online system that is scalable and customizable, allowing you to select features that fit your business needs, make changes as you grow, and suit your budget.

Mobile App

An intuitive mobile app that offers direct access to HR-related tasks and information, ensuring connectivity from anywhere.

Integrations

Seamlessly integrate necessary third-party tools to manage your HR processes and tasks through one platform.

Customer Support

A dedicated customer support team ensures a successful and efficient implementation while quickly resolving any issues you face.

Schedule a demo now to learn more about the cloud-based HRM platform.