Employers must be adaptable and react to technological advancements as the year 2023 approaches. The emergence of HRIS/HRMS systems is one such innovation in technology. It has been a smooth cruise across tidal waves since then!
Before we dive into the top 5 HRIS systems for 2023, let us first discuss what factors account for the best HRIS system.
What is an HRIS?
An HRIS can assist you with workforce planning. It provides statistics on employee headcount, turnover, and other pertinent indicators. This data can assist you in making informed decisions about hiring, layoffs, and other workforce planning issues.
An HRIS comprises of two pillars that serve as the foundation for managing people and policies to enhance overall organizational effectiveness.
Organizational Structure
It encompasses roles, functions, and reporting hierarchies from a structural standpoint. It provides identifiable responsibility and a pathway for operational functionality and consistency by establishing the organizational structure.
The correct HRIS assists you in addressing business difficulties by assisting in putting the right talent in place.
Your HRIS can assist you in building a workforce that has the right people with the right capabilities. It also ensures they work in the right functions and under the right structure to fulfill your strategic goals. It also provides you with consistent, automated acquisition and recruiting data management.
Employee Data Administration
HRIS, like customer relationship management, provides a comprehensive view of every employee, including name, address, hire date, compensation, benefit selections, and much more.
With the appropriate data, you'll be able to engage with your employees more effectively, assist them in developing career plans, find the right training, and take their performance to the next level.
The HRIS enables automated and uniform record-keeping, reporting, and self-service capabilities. This can lead to more accurate and up-to-date information management, which increases efficiency while providing employees with convenience and ease of use.
Decoding the Difference Between an HRMS and an HRIS
The terms human resource information system (HRIS) and human resource management system (HRMS) are sometimes interchangeable. However, depending on which features a corporation decides to allow within the SaaS package, there may be slight distinctions between the two.
HRIS
Originally, HRIS referred to a simple system for keeping administrative employee records. HRIS has evolved to include talent acquisition, recruitment, and employee data storage and processing, as HR responsibilities have become more complicated.
HRMS
It was first used in the fourth quarter of 2022 when firms began to deploy increasingly complex software and automated processes to execute HR functions.
However, HRMS and HRIS are frequently used interchangeably. In addition to all of the features of an HRIS, today's HRMS systems may incorporate payroll administration and time and labor management services.
Who should utilize an HRMS/HRIS?
Any firm would benefit from finding an HR software solution that can save time. The HRMS can be designed and integrated to work on a company's existing IT infrastructure. Companies are increasingly turning to cloud-based software vendors. They are doing this to offer, administer, and upgrade HR tools to manage their organizational data.
A robust HRMS will enable a business to manage employee data more conveniently and efficiently while contributing to an employee's growth and development.
Using such HR management systems establishes a structure that improves employee performance and serves as a trusted hub for all employee information inquiries. With all of this data stored and updated in one place, HR can make more strategic workforce planning decisions.
As we advance, we've put together a list of the top HRIS/HRMS software to help you choose the best HRMS for your business.
BambooHR
BambooHR's software is best suited for small and medium-sized organizations. It offers a sleek and modern user interface essential for workforce management.
Its user-friendly platform allows firms to move data from basic spreadsheets to an advanced HRMS that meets their specific needs, freeing HR professionals to focus on more critical responsibilities.
BambooHR's primary functions are:
- Reliable reporting
- Applicant Tracking Software
- Employee Database Centralization
- Access Restriction
- Management of performance
- Report Creation
Customer Feedback: "It makes my job easier. I am now a manager, and not an operations guy.”
ConfluxHR
ConfluxHR is a comprehensive SaaS HRMS platform. It is designed for startups, SMEs, and SMBs. However, it also provides services to enterprise-level organizations with over 200 employees. The ConfluxHR Platform offers services ranging from recruitment management to exit process management.
Its services include a comprehensive range of HR, learning and development, payroll, and performance management technologies to simplify basic HR process management.
Features of ConfluxHR:
- Onboarding HR Management
- Payroll Management
- Exit Process Management
- Applicant Tracking System
- Tracking Paid Time Off
- Employee Upskilling Management
- Employee Performance Tracking and Management
- Leave and Automated Attendance Management
Consumer Feedback: "ConfluxHR is encouraging. I've never seen my attendance instantly converted to an analytical format. I tried ConfluxHR since I had Payroll Compliance concerns. Still, I was surprised at how much time ConfluxHR's platform saves me by automating my basic HR tasks."
SAP SuccessFactors
SAP SuccessFactors is a complicated cloud-based program for both large and small businesses. Users can access their accounts via mobile devices to view recruiting data, project updates, and other information. It has an interesting UI and a lot of capabilities.
SAP HRIS functions include:
- Onboarding Management
- HR Payroll
- Applicant Tracking
- Performance and Learning Management
- Performance Evaluations and Feedback
- Compensation Administration
Customer Feedback: “SF is fantastic since each user's experience is unique. You can restrict access to each page type and request number. It is a fantastic tool for recruiting and data tracking if you are prepared to put in the time to master the system.”
Natural HR
Natural HR software is designed to scale businesses of all sizes. It aids in various organizational functions, including managing expenses, assets, personnel information, and employee performance.
Natural HR's features include:
- Recruitment Management
- Management of performance
- Attendance Management
- Payroll analytics and reporting
Customer Feedback: "It was an honor to be a part of selecting and implementing this system; their team was tremendously helpful every step of the way, making the process easier to handle on top of my day-to-day obligations."
Optimum HRIS
Optimum HRIS provides dual functionality in which you may utilize it both on-premise and in the cloud for Microsoft and IBM users. One of its primary functions is allowing managers to track candidates, manage time and attendance, and administer payroll without needing a third-party software solution.
Features of Optimum HRIS:
- Feedback Management
- Tracking of applicants
- Employee Information System
- Portal for Self-Service
- Management of Time and Attendance
- Management of vacation time
Customer Feedback: “I appreciate that Optimum considers consumer feedback and sometimes incorporates it into future upgrades. I also enjoy that it contains SQL data tables, which I can readily access using my Crystal Reports software, which we use in conjunction with our payroll software.”
With this, we have completed our comprehensive review of some of the best HRIS/HRMS Platforms for you. Always strive to enhance your time - management skills in order to keep your business profitable!
