There have been a lot of debates as to what HR software can really do for a business, especially when its an SME. The companies consider software as a luxury and not a necessity. However, there is a sea of benefits that an HRMS software entails. So, in this blog, we tell you what HR software is already doing for companies like yours. Each of the benefits is also supported by certain stats for better validation. Let us begin.

• Increases engagement and retention- According to a credible source, disengagement can cost a company almost around $500 billion. So, there has to be a balance between remuneration, incentives and work culture. The same comes with HR software. It keeps the personal profile updated, a track of performance and takes into account whatever problem an employee is facing. The same keeps the employees engaged and loyal. Ensuring better work culture, remuneration and incentives is important as the same keeps the employees satiated.
  
• Easy and fast recruitment- HRMS software accelerates the efforts of the recruiter. The software creates a candidate database for future reference and also helps in sourcing. Some of the software can also be integrated with candidate and consultant portals which reduces half of the work of the employees. 
• Improves employee performance- Without any motivation or appreciation, it is natural for even high performing employees to feel demotivated. So, a performance management system helps the managers in keeping a track of the goals achieved after he has set the individual and team goals. Infact, 2 out of 10 employees helps the employees in staying motivated and the low performing employees to work harder. Almost 78% of the employees also believe that better recognition will help them perform better. 

• Boosts overall productivity of the employees- The HRMS software allows you to boost employee productivity. The employees will get better feedback, track goals, check attendance and a lot more. All of this keeps the employees motivated and satisfied which results in boosting the productivity of each individual. The software also saves a lot of time of the people by improving collaboration. Typically, 96% of the employees have affirmed that they waste time on emails unnecessarily. So, better collaboration helps the employees in saving a lot of time which can then be used in doing more productive tasks related to their job.
  
• Faster on-boarding process- The on-boarding process can take a toll on any new hire. There are so many documents and information required. A software can help the new joiners in seamlessly updating their documents and all the professional and personal information required. This will expediate the process and help them focus more on getting accustomed to their work and people in the organisation

Apart from the aforementioned points, HRMS software also helps in improving the way employees are being trained. We hope now you have got a clear idea of how important it is to deploy an HRMS software to deduce wasted time, cost and effort.