HR Technology is the term used for various tools and software that are used to assist functions and processes of the human resources department. HR software includes multiple modules such as recruitment, onboarding, attendance, payroll, and expense management. The software, which includes numerous HR functions, is known as HRMS software. In this guide, we will discuss the role of HR technology in Human resource management.
What is the Role of the HR Technology in Human Resource Management
We live in the era of globalization, and a single team working on a product can be scattered all over the world. Companies use HR technology to ensure proper coordination among team members and to ensure that productivity remains intact irrespective of employee location. That makes cloud-based HRMS software a preferred tool for HR management in the company. Let’s take a closer look at how HR technology helps to improve HR management.
Payroll
Payroll is among the top functions for HR to seek assistance with technology. It involves various complicated calculations and requires accuracy. Although the process takes a lot of time, doing it manually still involves risk. Specialized payroll software can process payroll with a single click, along with necessary deductions.
Payroll processing and other functions are also included in most HRMS software. Most modern software provides payroll deduction settings according to the respective state or country’s laws and regulations. That makes Payroll software a choice for speed and accuracy and keeps companies out of legal trouble.
Employee Self-Service Tools
A huge part of HR management is handling employee queries and managing various employee-related data. HR tech can help HR to get rid of those tasks by providing them with a dedicated ESS (Employee Self-service) portal.
A good HRMS software gives employees ESS mobile apps that give them access to all the necessary information. Here they can easily upload or edit relevant information. HR tech can now integrate chatbots, enhancing employee experience and saving productive time.
Attendance and Leave Management
Modern HRMS software advances attendance and leave management, providing a high degree of convenience and accuracy. It is a repetitive task and requires precision as the payroll depends on it, and no one likes to receive the wrong payroll.
HR tech now provides various options for biometrics, remote attendance, and location tracking. That makes the recent trend of remote work smooth for the company. The same goes for leave management; employees can apply for leaves from the ESS portal, and their manager can respond to their requests immediately, saving time and effort.
Recruitment and Talent Management
Recruitment and talent management are closely related and equally vital processes for the company. The functions ensure that the organization always have the necessary talent to maintain and grow productivity.
Recruitment software includes tools like an Applicant Tracking System (ATS), enabling HR to shortlist a few eligible candidates from thousands of applications without the need to go through each resume.
HR can also schedule interviews with the software and avoid duplicity of data. The recruitment software also helps store data of the candidates who can be suitable for the company’s future requirements. This way, HR can ensure that productivity does not suffer due to a lack of appropriate talent in the staff.
Other than that, HRMS software also helps to detect necessary skill sets through performance management and assists the company’s training and development efforts. That helps to keep up with the latest technology’s training requirements and improve productivity and employee engagement in the company.
Summary
HR technology or HRMS software helps HR do the HR functions and processes much faster and more accurately. It allows companies to improve employee engagement and productivity. Organizations should utilize HR tech to keep up with technological advancement and competition in the market.
