The Future of HRMS software in Indian businesses is beyond payroll, leave and attendance management. Here’s how!
The upcoming ecosystem of this software-driven market has made organizations innovative, cost effective and efficient. One of the major technologies that have been booming exponentially is the Human Resource Management Software. As per the India Talent Management Software Market Forecast to 2020, it has been observed that the market for talent management software has witnessed a robust growth - this could be because of increased concern of employee engagement and management within organizations.
The modern day HRMS software in India is more employee centric over traditional systems. With an increased inclination towards a digital workplace, Gen Z employees are acquainted with frequent messaging and news feeds. Driven by this, the HR platforms are also changing – shift from cloud to mobile; explosion into analytics, the emergence of videos, behavioral economics and the experience they deliver, all have been contributing to the greater good of people management.
Workforce related decisions such as how to hire, train, manage and pay, are complex and uncertain in its own ways. And platforms that simplify these decisions are indispensable.
People management takes a lot of administration - processes like staffing, payroll, leave and attendance management is extremely bureaucratic. All these aspects have been continuously impacting the HR technology in India.
The major shift in today’s HR software in the market is from tools that automate to platforms that enhance employee experience.
This article will iterate the major changes that have been impacting the HR software in India, leading to a better employee experience.
The Change in Performance Management Metrics
Almost every organization knows which employee is supposed to get a raise or who is promoted. But the success metrics in the traditional approach for employee rewards were dependent on the goals completed, that were decided by the top management.
These days, business types have changed along with their changed vision of achieving goals. India is flourished with start-ups, with a count of 19,000 businesses and the kind of employee culture that a startup embraces, is more around employee engagement and growth – this is exactly what the HR software in India has been focusing on their solutions.
The performance of an organisation can improve when an organisation starts empowering its employees and makes them a part of setting goals. Employees of today are highly networked and work in teams. Moreover, companies are evolving into digital workplaces, where collaboration and team work are of utmost importance.
The HR tools to manage these kinds of performances are slowly being introduced in the Indian market where performance is managed in terms of:
- Team work
- Online assessments
- Feedback Mechanisms
- Knowledge sharing capabilities
For example, Timesheet management is one of the major inventions of the Indian HR software where task management and meeting deadlines become easier for the employees. Also, sharing feedback and ranking the performance of their fellow teammates leads to employee engagement and makes them part of the decision-making process.
New digital device to manage workforce – The Mobile
Workplaces have evolved and so have the experiences. Most of the cloud technologies are grasping the market through mobile applications – the only reason being, “we like to work on the go”. In the recent times, how many of us have opened our laptops and worked? Very few I suppose!
The new generation HR software is creating mobile apps that help employees to stay engaged. Learning on the move is easier on mobile applications than the traditional tools that are too slow to adapt to the business necessities.
Indian companies are coming up with applications which allow them to take surveys of their employees. Additionally, it allows employees to receive feedback from their peers, for an assignment or task well done. Also, knowledge sharing through mobile applications have also become an “in” feature of the modern-day software in India. The mobile apps in place, the workforce management has become easier and lets everyone work on the go.
The People Analytics
Over the time, HRs have realized that their ability to expand the future of the organization is through how well can they harness the data of the employees. People analytics have the potential to impact the business outcomes in an enormous way. This kind of an attribute is true with sales organizations, where in the personalities and behavioral skills of the employees play a major part.
For instance, the HR software in India is focusing on the data of attendance and leave, along with data related to their performance of time management. Such analytics help organizations to decide how employees are performing and taking up their job roles. Is an employee worth keeping or has he the potential to grow? – all these questions really get easy to answer with a backbone of this analytics. Also, wasting paychecks on unproductive employees reduces.
The problem of Employee Retention is not only the subject of study but having a detailed analysis of how to improve employee experience can give organizations an in-depth knowledge to retain, manage and improve employees. With the advancements in the HR technology, the evolving changes are certain to make inroads into those companies who haven’t realized the need for such an HR architecture.
What do you think about the Modern-day HR technology? Share your inputs!