Best HRMS features for startups and small businesses

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ZingNeo best HRMS for startups

Human Capital Management (HCM) is a tricky thing for businesses to carry. For smaller businesses and start-ups, that have a very limited work base, this gets even trickier as they don’t generally employ a lot of HRs. Upper management commands the hiring cycle and internal employee management as they take up all the responsibilities associated with the business (which happens with most small businesses). What feels invigorating for the purpose of owning said business becomes troublesome in the long run. And while it is viable for some really small businesses to continue with this setup, for those whose employee count doesn’t dwindle in the single digits, adopting HRMS platforms are a far better solution.

HRMS or cloud-based HCM solutions provide enterprises with several nifty features that help them get a better understanding of their business, realise resource budgeting potentials and provide engaging management capabilities to get a better hold around their workflows. And while there are numerous benefits of adopting HRMS, here we see some of the best HRMS features for small businesses and startups.

1. Recruitment and Hiring: Startups are generally highly constrained with human capital spending and work allocation. And as everything has to be maintained by a small team, the workload is immense. With AI-backed shortlisting processes to robotic interviews, HRMS provides several measures to speed up the hiring process. This helps in time conservation and is ultra resourceful for small businesses.

2. Workflows: Organisations and startups have a lot of repetitive and regular tasks that cripple the efficiency of day-to-day work and HR management. HRMS based workflows allow businesses to automate these tasks as well as increase collaboration outputs through cloud-based push notification services that keep the whole team informed. Systems such as ZingNeo use data assessment to channelise proper engagement and meeting expectations. This helps shorten the HR process cycle and reduce the operating costs of the company.

3. Performance Evaluation: One might wonder that performance evaluation should be fairly easy with fewer people. But this is always not the case as startups typically don’t hire internal HRs during their first few years of inception. This becomes a burden for co-founders who generally carry out certain HR processes on their own. HR tech-equipped HRMS systems to help share this responsibility through cloud-based evaluation metrics which are faster and hassle-free.

4. Employee Portal: It is highly unlikely that smaller companies deploy any form of in-house employee portal. HRMS systems such as ZingNeo solve this by providing state-of-the-art AI-equipped employee portals where employees can access their paycheck balance, incentive allocation, leave and punch-in/out application, and more. It is, in fact, advisable to utilize HRMS platforms for better security and optimized serviceability reasons.

5. Talent Retention: From recruitment to retention, HRMS helps the organization in better human capital management through cloud-based AI algorithms. It detects anomalies in the behavioral pattern of employees and notifies HRs or relevant managers with the forecast about possible resignation trends. This is done through ML algorithms embedded in surveys and employee feedback modules. HRMS solutions can also provide analytical information to tackle high attrition rates.

Conclusion

There are several other features of HRMS platforms that provide flexibility and control to businesses while providing cost-effective solutions to these rather resource-intensive processes. There is no denying that HRMS platforms are a great addition for businesses irrespective of their sizes.

This article is presented through an independent perspective from ZingNeo. ZingNeo is the go-to spot for ultra-modern HRMS solutions designed specifically for smaller businesses. They are fully equipped with AI-enabled cloud-based analytics and intelligent HR solutions. For more information, drop a line at info@zinghr.com.

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