HR management software has become an indispensible tool for human resources departments all over the world. Management of employee, applicant, benefits, payroll and any number of other data points accessed by human resources each and every day, make HR management software an absolute must. In the United States, regulations regarding personal medical information dictate that paper records be minimized so that employee health information remains private.
HR management software: What can it do for business?
There are a number of ERP applications on the market. Oracle has its own module to handle much HR functionality and has brought PeopleSoft and JD Edwards into the fold. SAPs HR and payroll modules are sophisticated, robust and well developed. Third party applications are also carving out their piece of the pie, Ascentis, Sage and Kronos, to name a few, track payroll and personnel data and time-keeping. Small to midrange businesses are being romanced with HR management software offerings. Microsoft Dynamics ERP has an HR module intended for medium-sized businesses, as well.
Human resource management is no small task regardless of company size. Volumes of information have to be managed and HR management software is an essential tool in doing that efficiently. Aside from the obvious data bits such as name and social security numbers for all personnel, there are benefits packages, HIPAA, COBRA, unemployment insurance, family status, disability, vacation, training and certifications, incentives, bonuses, the list goes on and on. Payroll looks to HR records for time, attendance, tax information, deductions, and special programs and so on. The importance of HR management software cannot be understated and the needs increase with the growth of a company.
Whether the company is small or large, HR management software is a primary component of a company’s technology infrastructure and software developers large and small recognize that fact. HR management has become an industry in and of itself in some ways. Sage offers HR management software for a wide variety of business and has developed tools with small and midsized businesses in mind.
In some instances, the HR management function has been outsourced. Ceridian is a good example of a company making its services available as an external resource for HR management. Most companies still choose to handle the sensitive issues, themselves but many routine tasks are routinely being outsourced and companies like Ceridian exist to fill that niche.
Whether an organization retains all HR management duties or chooses to outsource it, HR management software remains a vital tool for successfully conducting business.