Published on: September 11, 2013
in: Company News
Human Resource (HR) managers face a variety of business challenges every day, and it always seems like there isn’t enough time in the day to accomplish everything you would like. Between wanting to dedicate more time to improving the overall work environment for your employees to finding, hiring and training better talent, your time is – at best – limited. More likely than not, your days are spent doing paperwork and the routine administration tasks involved in day-to-day HR operations. According to a recent Forrester Research study, the average HR departments spends 50% of its time processing employee information and answering questions. If you’re like the average HR managers, these are some of the business challenges you face:
- Succeeding with limited HR resources. Many small and midsized businesses have limited staff and resources. You alone, or a small team of colleagues, may be solely responsible for benefits administration, payroll, routine HR administration, and more. You need better tools to track important employee information, and to automate HR and benefits transactions so that you can devote more time to your most important duties—employee relations, fostering a good work environment, and providing employees with training and career opportunities.
- Managing compliance and risk of litigation. It’s difficult to stay on top of the myriad of state and federal workforce laws, regulations, and reporting requirements to protect your company from fines and penalties. You need to communicate with and train both managers and employees so that the company is not at risk of expensive employee lawsuits.
- Ensuring accurate and timely payroll. Paychecks that are late or have errors cost your company money, hurt employee morale, and undermine your credibility with employees. Federal, state, and local payroll taxes are complex and missing the filing and payment deadlines can incur fines, late fees, and an increased chance of audits for your company.
A recent survey by Saratoga discovered that employee compensation, including benefits, accounts for 35% of operating expenses in a typical company. With so many company resources dedicated to maintaining the workforce, it is necessary to identify ways to improve results, increase efficiency, and lower costs. Human Resource Management Systems (HRMS) help you find such opportunities and capitalize on them. In fact, Sage HRMS software contains many features designed to ease the business challenges you are facing so you can focus on keeping your workforce happy.
If you’d like to see for yourself how HRMS software can help ease your current business challenges, give us a call today. We’d be more than happy to discuss your needs and find a business software solution that works for you.