Before you start talking to HR software vendors, you need to understand the basics of HR software solutions. The market is complex and confusing, and often, vendors lead you to solutions that may not fit with your unique business requirements.
Human Resource (HR) software, also referred to as Human Capital Management (HCM) software, stores employee information in one system. We like to call these systems, PeopleTools. These HR software systems are used to manage employee information, such as applicant tracking and recruitment, onboarding, time and labor, payroll, benefits data, and performance management within an easily accessible HR system. Some other terms used to describe these systems include HRIS (Human Resource Information Systems) or HCM (Human Capital Management).
Businesses use HR software solutions to maintain employee profiles, store critical employee documents, and manage payroll and benefits. HR departments often implement People Tools, but business owners, payroll managers, and financial officers also often get involved in the buying decisions and implementation. Many HR software solutions offer self-service options so that employees can check their pay and update their benefits entirely from their computers and mobile devices. HR software solutions often get implemented as part of an integrated HR management suite. Usually, the HR systems offer integrations with best in class third-party applications to increase benefits across the entire business.
Payroll functions are a must-have when searching for excellent HR software solutions. Most solutions have a payroll module that comes preloaded and runs in the cloud. After all, if you can't pay your people on-time and accurately, most other HR features don't matter. A great payroll system also removes any headaches associated with state and federal compliance and complicated tax laws.
For a more comprehensive understanding of payroll processes and methods, check out our Ultimate Guide to Payroll, which covers everything from payroll taxes to switching payroll systems.
Key Features of Payroll that are a must-have in your HR software solution
Your payroll software solution must include the following features to improve your company's processing and payroll systems:
These features can all provide benefits to your company, removing tedious tasks from your finance employeesʼ workloads and ironing out business and other HR-essential processes.
Applicant Tracking and Recruitment Systems (ATS’s) are used by businesses to assist with the recruitment and hiring processes. Each system offers a different combination and scope of features, but ATS’s are primarily used to help companies collect, organize, and filter applicants. Job seekers who submit their resumes and job applications through an online form are interacting with an ATS.
The ease of submitting an online job application has created a massive increase in the volume of applications recruiters must filter through. Instead of sorting through a stack of paper resumes, or a crowded email inbox, recruiters and hiring managers use an ATS to keep themselves organized and efficient. This solution is especially critical for businesses that are hiring for multiple positions and departments simultaneously.
An ATS must be an essential part of your chosen HR software solution. If your vendor doesn’t include a scalable ATS with their offering, you need to look somewhere else.
Features of the Best HR Software solutions with an ATS:
Before you start talking to HR software vendors, you need to understand the basics of HR software solutions. The market is complex and confusing, and often, vendors lead you to solutions that may not fit with your unique business requirements.
Human Resource (HR) software, also referred to as Human Capital Management (HCM) software, stores employee information in one system. We like to call these systems, PeopleTools. These HR software systems are used to manage employee information, such as applicant tracking and recruitment, onboarding, time and labor, payroll, benefits data, and performance management within an easily accessible HR system. Some other terms used to describe these systems include HRIS (Human Resource Information Systems) or HCM (Human Capital Management).
Businesses use HR software solutions to maintain employee profiles, store critical employee documents, and manage payroll and benefits. HR departments often implement People Tools, but business owners, payroll managers, and financial officers also often get involved in the buying decisions and implementation. Many HR software solutions offer self-service options so that employees can check their pay and update their benefits entirely from their computers and mobile devices. HR software solutions often get implemented as part of an integrated HR management suite. Usually, the HR systems offer integrations with best in class third-party applications to increase benefits across the entire business.
Payroll functions are a must-have when searching for excellent HR software solutions. Most solutions have a payroll module that comes preloaded and runs in the cloud. After all, if you can't pay your people on-time and accurately, most other HR features don't matter. A great payroll system also removes any headaches associated with state and federal compliance and complicated tax laws.
Key Features of Payroll that are a must-have in your HR software solution
Your payroll software solution must include the following features to improve your company's processing and payroll systems:
These features can all provide benefits to your company, removing tedious tasks from your finance employeesʼ workloads and ironing out business and other HR-essential processes.
Applicant Tracking and Recruitment Systems (ATS’s) are used by businesses to assist with the recruitment and hiring processes. Each system offers a different combination and scope of features, but ATS’s are primarily used to help companies collect, organize, and filter applicants. Job seekers who submit their resumes and job applications through an online form are interacting with an ATS.
The ease of submitting an online job application has created a massive increase in the volume of applications recruiters must filter through. Instead of sorting through a stack of paper resumes, or a crowded email inbox, recruiters and hiring managers use an ATS to keep themselves organized and efficient. This solution is especially critical for businesses that are hiring for multiple positions and departments simultaneously.
An ATS must be an essential part of your chosen HR software solution. If your vendor doesn’t include a scalable ATS with their offering, you need to look somewhere else.
Features of the Best HR Software solutions with an ATS:
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