The ever-changing information technology industry caused a significant impact on the business sector; one of its most prominent advancements is the Human Resource Information System (HRIS).  

HRIS system and software aims to provide businesses with better ways of tracking employee progress and reducing organizational hierarchy, allowing employees to focus on meeting targets and reporting progress. It also helps small and medium enterprises (SMEs) maintain compliance with employment laws.

With a single integrated system, HR processes can be centralized and automated, saving decision-makers time and effort. Its analytical capabilities are also excellent for larger companies to implement an entire platform.

But how do HRIS take part in the growth of SMEs?

For a growing SME, HRIS can be an essential part of a company’s daily operations, and here’s why:

The HRIS (also referred to as HRMS: Human Resources Management System) is software that acts as a storage for unique data of employees and personal information needed by the HRM group for core HR processes. And as the modernization of information technology continues, HRIS’s integrated systems have revolutionized the organization, storage, retrieval, and accessibility of employee data offering the following solutions:

HRIS Providing Integrated Platforms for HR & Payroll Management

HR and payroll management are two of the primary components of handling your workforce. Having the right HRIS enables SMEs to conquer the challenges acquainted with these elements. HR and payroll software will also eliminate the human error that can cause discrepancies in payroll and HR records. As a result, your HR and payroll resources will have more time to focus on other aspects of the business.

Payroll software companies have been around for quite some time, providing businesses with the best payroll package software. With these tools, SMEs can reduce human error, which is a major cause of unnecessary business expenses. 

Reducing human error risks and empowering employees to focus on more important tasks, such as leadership training and special projects, lets them focus on the bigger picture. This benefit drives employees to better function and helps SMEs attain growth. 

HRIS Empowering Accessibility and Self-Service

Your employees expect to be able to access their HR and Payroll at their own time and on their terms. Fortunately, modern HRIS systems utilize mobile accessibility. The best HRIS provides every employee with a portal that allows employees to log in and make requests for time off, reprint W-2s, or update tax deductions.  

An HRIS can also help you improve employee engagement by providing self-service functionality. Whether employees have questions about their benefits or need to request time off, self-service HRIS systems make it easy to manage and track employee satisfaction. Employee engagement surveys can also help your HR team better understand how to address issues and improve the working environment. This is an excellent way for your employees to be empowered!

HRIS Helping SMEs Save Long-term Costs

Every penny counts in today’s tight economic conditions; an HRIS can be a key part of a company’s future. HRIS software has many advantages for SMEs, from automating and centralizing HR processes to providing data analytics. It can also make data-hungry decision-makers’ lives more manageable as an HRIS can also track various valuable metrics. 

The data from these tools can be analyzed to uncover insights and improve business outcomes. These metrics can provide important information to the HR team, which can be valuable for making strategic decisions. They also allow HR teams to coordinate their work across multiple locations. And since HRIS has built-in analytics, the benefits can’t be matched by anything else, allowing your business to have better management and growth.

HRIS for Small and Medium-Sized Businesses in the Philippines

HRIS is a powerful tool for companies of all sizes as it streamlines HR processes, saves time, reduces costs, and organizes HR departments. 

Using an HRIS for small and medium-sized businesses in the Philippines allows a small business owner to maintain accurate and up-to-date employee data. With an HRIS, HR leaders and analysts can gain insights into HR processes, pass metrics to management, and streamline internal processes. This technology can ensure compliance with regulations pertaining to pay and time off and secure storage of employee contact information.

Besides ensuring that employees’ data is secure, HRIS enables small business owners to access information anytime and on any device. A reliable HRIS can streamline HR and payroll processes, allowing businesses to make timely decisions. However, small businesses often overlook the benefits of digital transformation and automation and fail to fully realize the benefits of an HRIS. 

SunFish DataOn  in the Philippines has several localized HRIS and payroll software options, one of which is GreatDay HR. The system is affordable and suitable for SMEs and conglomerates that want to digitize processes and data.

Aside from its affordability, GreatDay HR’s technology is also compatible with the local market, making it a better option for businesses than importing foreign HR management software. 

CONCLUSION

Having the right HRIS for SMEs will help you manage your company’s employees, ensure compliance, and provide valuable employee information. Also, if you are a small company, you can use an HRIS platform explicitly designed for your business’s size and needs.

The first step in implementing the right HRIS for SMEs is choosing a provider. You can choose from many different providers, each with its strengths and weaknesses. Some HRIS is easy to use, while others might be overly expensive or don’t have the features your business needs. If you aren’t sure which HRIS to choose, take the time to research your options and formulate a list of important features and conveniences. 

Are you planning to look for the best HR software companies in the Philippines? Better check out first how it can exponentially help your employee and small business.

Although small businesses are exempt from many legal requirements, they must still adhere to the rules and regulations required by law. HRIS can help you comply with employment, taxation, labor, and healthcare laws by making it easy to organize all the documents you need. It also allows you to respond quickly to changes in the business’s legal framework and organizational structure. And since it will automate processes that once required manual intervention would take weeks or even months, it will save you valuable time and money.

Check out more about the most suitable HR software company for your business as you visit GreatDay HR right away!