VIDEO: HR Software Solutions: B2B Tech Topics

Every business with employees, whether large or small, needs to perform core HR functions such as hiring, payroll, and benefits administration. It’s the demand for these functions that makes the market so broad for HR software solutions. There has been a huge movement from paper HR forms and excel spreadsheets to cloud based automation services. This has created new tools for social and referral recruiting, performance management, online learning, and a plethora of other Human Resource tasks.

So, what should a business look for in HR software? Any combination of the following should get you there. We will first start with : Social and referral recruiting This includes social analytics, an internal job board, and a career portal which have become an efficient and cost-effective way to find qualified candidates. Companies such as Jobvite specialize in this category of HR software and helps companies streamline their recruiting. Once a business hires a candidate they need to focus on Talent management This allows for monitoring growth, management of goals for individuals and streamlines the process for Onboarding.

Software such as Namely helps do all of the above and more. - Employee growth is essential for a growing business and Performance and Learning management is another feature that should be considered. It includes online courses and career development and help in planning to recruit, train, manage, and connect people across your organization. Examples include Halogen and Cornerstone. Payroll Administration is a big part of HR. it’s the ability to manage staff compensation packages, benefits like healthecare, vacation, and 401k.

Several project management applications such as teamwork and basecamp have built-in payroll integrations that communicate with solutions such as Sage, ADP, Bamboo and more to ensure employees get paid correctly and on time. A few other things to note are – Succession and workforce planning for building success plans for essential jobs, employee engagement like wellness contests, collaboration tools such as instant messaging, and reporting for analytics.

Many HR vendors offer “best of suite” solutions that provide core HR functions as well as strategic talent management, with easy access to data and analytics. On the other hand, you’ll also find best of breed vendors who provide specialized software so you can have tailored functionality for specific job duties and niche problems. Now that companies have adopted software to automate and streamline manual processes, HR professionals are left to focus on more strategic workforce initiatives— like culture, engagement, retention, and workforce development.

HR software is no longer just a system of records. Modern tools are providing companies with valuable technology that can help improve employees’ performance, skills, health, and even happiness. HR technology has evolved to meet the unique needs of global enterprise, and there are more options to help improve your business than ever. If you need help choosing the best solution for your business, use our HR software product selection tool to get free personalized recommendations based on your industry, company size, and desired features.