October 22, 2021
Recruitment, payroll processing and employee benefits administration are three core functions of HRM that directly relate to an employee’s experience at a workplace. While all these three functions call for their own set of standards and course of tasks and activities, HR managers and related professionals should ensure these activities are carried out aptly to foster a thriving work environment that will promote productivity at a workplace.
The development of information and technology has given rise to generous HR systems facilitating an easy flow of HRM activities. Here are three key reasons why such a level of seamless handling of recruitment, payroll and employee benefits are significant for HRM.
All three recruitment, payroll and employee benefits processes are managed through a specifically structured approach. For example, recruitment will go through CV screening, shortlisting, assessments, panel interviews, and selection.
On the other hand, payroll goes through gathering inputs, input validation, calculation, statutory compliance, payroll accounting, payout and reporting. The same applies to employee benefits, where each employee’s benefits should go through a specific approval process and such data should be recorded and reported accordingly wherever necessary.
As you can see, all these functions and their sub-tasks or activities call for a tedious process, which consumes a significant amount of time. Having a seamless unified platform, where most of these activities are automated based on specific criteria or standards, can effortlessly minimize the HR professional’s workload associated with the particular tasks. These individuals can then use the saved time for other value-adding HRM decision-making activities.
Recruitment, payroll and benefits are all associated with sensitive data, which are also bound to legal compliance. Whether from fair recruitment, fair pay to even proper administration of benefits, every aspect of these HRM functions poses legal risks.
When these activities are handled by a specific team or a professional manually, there are high chances of inaccuracies setting in. The tedious nature of these activities and the need for constant attention to detail can quickly overwhelm HR professionals, resulting in room for errors.
With an automated HR system in place, the accuracy rates are assured as it can be set to process functions according to expected standards or criteria. This also eliminates having multiple professionals handle different sub-functions of these HR activities, saving money.
Ensures A Pleasant Experience For Employees
Be it from potential candidates who are part of your recruitment process or employees working at your company, no one wants to deal with disoriented processes that keep wanting you to get issues resolved every now and then. This is why, when hiring potential candidates, it’s essential to ensure the overall hiring process is clear, concise and quick and, most importantly, funnels the best talent. Failing to do this can quickly exhaust the candidates and will let them slip through the hiring process.
The same applies to payroll and benefits management, where employee expects fewer errors, more clarity and easy processing, which is free from mistakes in a seamless HR platform that allows them to attend to their need more independently. Only when this is met employees can ensure a pleasant experience within the workplace, leading to an engaging workforce with higher productivity.