As a leader in your business, it goes without saying that you are committed to providing your organization with the means necessary to reach your goals. As a result of this, perhaps you’ve also found yourself pondering what types of specific tools you can arm your team with to ensure maximum efficiency and productivity across the board. Bottom line – as a leader, you know that your business is only as good as the foundation you’ve built to support it.
A good place to start when trying to reach your organization’s goals is the basis of any business’s foundation: YOUR PEOPLE. Your very literal “Human Resources” are the very first assets you have in place to drive business results. Your workforce is integral to the growth of your business and you should, therefore, be equipped with the best tools to manage this workforce. An HRIS system is the ultimate tool which will achieve maximum efficacy across your business.
So, what is an HRIS System?
HRIS stands for Human Resource Information System. Simply put, an HRIS system is a tool to help you efficiently manage your employees. It is comprised of a centralized database that stores employee data for reporting and analytical purposes, allowing you to make critical business decisions. Modern day HRIS systems span applications and functions such as payroll, time and labor management, scheduling, hiring and onboarding, performance management, and benefits management among various other things.
An investment in a scalable HRIS is a very serious consideration for any organization that is growing or expecting to grow in the near future. Scalability is a must have as it will allow for productivity to remain intact as your employee base grows or, in a best case scenario, it can increase a business’s productivity via activities such as automated workflows and more clearly defined processes.
What else does an HRIS system help business owners with?
The help of an HRIS especially felt for organizations that have found difficulties in tracking or managing employee data to comply with laws like the ADA, FLSA, FMLA, and ACA. Performing this function without the right tools can not only become a huge source of overtime for the people managing this information, it is also felt in frequency of errors and an overall lack of accuracy in compliance. An integrated HRIS system can decrease the noncompliance issues dramatically, reduce the burden from your team, and literally take your business to a new height. At the end of the day, an HRIS system will put time back on your team’s desk for more high-value time spent towards other critical areas of your business.