HRIS stands for Human Resource Information System. The HRIS a technological way to manage HR information, better manage employees, and improve business outcomes. If you can get your hands on the right HRIS, it will have significant positive impacts on your organization, whether your company is big or small. An HRIS allows a company to plan its HR costs more effectively and manage them and control them without needing to allocate too many resources toward them. An HRIS will unite all your data in one central place and allow you to automate time-consuming administrative tasks. Below are some benefits of using an HRIS and how it adds value to your organization.
Regarding employee engagement, employees are five times as likely to report high levels of engagement when they believe their organization’s onboarding software is effective.
HRIS have the ability of retention by reducing turnover as much as 30 percent. This can be accomplished because effective onboarding software can boost new hires’ confidence in their decision to join your organization.
Finally, HRIS has benefited automated onboarding by increasing performance and productivity. The increase in performance and productivity through effective onboarding software decreases time-to-productivity by 33 percent or the measure of how long it takes a new hire to contribute to an organization.
A self-service feature can be an excellent timesaver for Human Resource work. Simple tasks that can take up valuable time can now be completed by individual employees, managers, and supervisors. Employees can enter the system to change basic data and information, such as their address and phone number. Tedious information that use to be completed by strictly an HR professional and take up valuable time can now be completed fast and straightforward by the employee. As well as with an HRIS, managers and supervisors can now have the ability to enter data regarding performance reviews. Or even to retrieve information without bothering others or human resources.
Ensures Greater Compliance
It’s not enough to sign and store the right paperwork. Those documents must also be completed on time, filed with the right organizations or departments, and be readily available for government audits or other legal matters. Because an HRIS helps you file and retrieve documents more efficiently, you can streamline the compliance process. Many platforms can also connect with insurance carriers and file legal documents within the system, keeping all your data in a single place.