Buying an HR Software? Look for These 7 Key Features. The best HR Software is built FOR your employees. Making the transition from paper-based HR systems to cloud-based HR software is one of the biggest leaps that businesses must take this 21st century. While it's true that most small businesses, particularly those that have 10 or less workers, can get away with this dilemma using the conventional Excel spreadsheet, time will come that they will face the inevitable. What if that small business will grow into a nationally-renowned company? What if the number of your employees suddenly jumps from 10 to over 50 in a few months' time? Good businesses, no matter how small, are bound to grow. And with that growth comes a host of HR challenges that every well-established medium to large businesses know so well. Should you stick to Excel? NO! Every seasoned CEO will tell you to switch to cloud-based HR and take advantage of its efficiency, mobility, adaptability and scalability. But there's a problem. Googling “HR software” returns over 43 million results! Let's say only 10% deals with our actual search query --- that's still a lot! And that's the problem. There are a lot of HR software in the market today and each of these systems offer their own “features” which you may or may not need at all. Some big software companies even sell enterprise suites that are packed with features --- more bound to suck your pocket dry than grow your business. Paying for features that you don't need is a waste. And like you, we at CakeHR, don't want that. In this story deck, we are proud to introduce 7 key features that you should look for when buying a new HR system. For starters, these features are not luxuries. They are necessities --- carefully considered to help your business succeed and take on the challenges of the 21st century. As always, we at CakeHR would love to read your thoughts about this timely and exciting topic. Please don't forget to share them in the comments section below. Look for more at cake.hr

1. 7 PROS OF USING
HR SOFTWARE
Reasons why organizations are
adopting this progressive tool
@CakeHR

2. BUSINESS CASE FOR HR SOFTWARE
The HR function in any organization has become
indispensable due to the multitude of tasks managed.
Honestly, HR has lot on their plate!

3. HR has to respond with agility to
today’s dynamic and challenging
business scenario coupled with
fast moving workforce.

4. SUPPORTING TOOLS FOR HR
HR has always been accompanied by support tools in delivering
its responsibilities. Paper-records, Post-It Notes and
Spreadsheets ruled the roost in past.

5. SUPPORTING TOOLS FOR HR
Cumbersome paper-work and inefficient spreadsheets made
way for on-site HR systems in 20th century.
Solution used exclusively by HR team.

6. An acute need was felt for a technology that would be all inclusive, analytical,
real time and open for entire organization.

7. WAY TO HR SOFTWARE
Irrespective of the organizational size,
it has become imperative to make data driven decisions
with minimal possible time and effort!

8. A well assorted, user friendly and
flexible HR Software is the answer
to HR troubles of maintaining
efficiency and productivity

9. Valued at over $15 billion globally,
the HR Software industry is growing fast
without any signs of slowing down.

10. So what are the reasons that
make cloud based
HR Software irresistible?

11. REASON #1
The American Payroll Association
estimates that manual errors lead to
losses of 1 to 8 percent of total payroll
Software lends improved efficiency
and accuracy by automating the
usual mundane tasks

12. According to a recent study by SHRM,
companies using HR Software reported
saving about 15 hours a week
on administrative tasks

13. REASON #2
Opting for HR Software drastically reduces time, money and
labor expenses.
Also, no extra expenditures on data consolidation and
maintenance of central server.

14. A Typical US benchmark ratio of 1 HR Professional for
every 100 employees is brought down to 1 HR
Professional for every 150 employees using HR Software.
Manpower Cost Saved!

15. REASON #3
HR Software enables
transparency of Information.
This fosters collaborative culture
where employees gets trustworthy
information anytime and anywhere.

16. The aspect of Transparency becomes of high importance for
HR Functions like Compensation & Benefits Administration,
Leave Management, Performance Assessment and
Recruitment.

17. HR Software has inbuilt ability to generate
complex and meaningful correlations that help in
making data backed decision making.
REASON #4

18. To track the pulse of the HR
world, or follow up on latest
workplace trends, visit our
blog at cake.hr/blog
@CakeHR
YOUR HR. SIMPLIFIED.

19. The worry of errors and consolidation time gets
eliminated with quick and updated records
made available centrally using HR Software.

20. Improved communication among
different units is made possible
through HR Software as the
information that connects people is
just a click away.
REASON #5

21. The key sharable information is open for public
consumption. This lessens the reliance on HR
Department, helping them focus on other
strategically significant issues.

22. 32% of HR Software systems
have internal social collaboration features
Source: Technology Advice Research

23. REASON #6
Advanced data security and recovery is one of
the major benefits associated with HR Software.
It plays a key role in keeping frauds and data
tempering at bay.

24. Companies who adopt cloud based HR Software can be rest
assured that their data is safe and retrievable even under
disastrous circumstances like fire, flood or earthquake.

25. HR Software
from potential risks and legal complication
with options to document and save employee
discussions and policy intimations.
PROTECTS ORGANIZATION

26. REASON #7
HR Software is integrative business
management solution that can be
linked with external software like
accounting and reporting. This goes
a long way in streamlining the
overall business.

27. The return on investment with HR Software is tangible with
measurable outcomes like cost saving though the initial
tech investment might be high.

28. How are global companies
responding to HR Software?

29. According to
Software Advice Buyer Report 2015,
Globally around 32 percent of
companies use dedicated HR Software.
Which implies this market has still lot
of potential to grow and evolve!
32%

30. Once forte of the large corporations,
the affordability and variety available
in the HR Software segment has made
it a popular choice even with small and
medium enterprises.

31. For HR Software to become accepted it has to
satisfy organizational needs like customizable
interface that accounts for nature of business,
number of employees and HR functional tasks.

32. Since the world is moving towards mobile and social,
HR Software is expected to speak with multi handheld
devices and social networking platforms.

33. FINAL WORD
As organizations move towards greater system
functionality and employee growth, adopting a
comprehensive HR Software Suite will be a high
priority for long term survival.

34. YOUR HR. SIMPLIFIED.
Check out the one-stop HR management suite at cake.hr
@CakeHR
www.cake.hr