Human Resources Management (HRMS) needs SaaS model

 

Human Resources Management (HRMS) needs

SaaS model

According to one of the latest benchmark studies, SaaS HRMS solutions go far beyond the transactional functions offered by conventional software (such as employee, benefits, and payroll records) to encompass  workforce management , compensation, hiring  ,  engagement , training  and talent development . That is precisely what Developers intend with HR Inside, to favor talent management over worthless administrative tasks.

The study indicates that 19% of large companies with more than 1,000 employees are investing in updating and expanding all the technological tools of the HR department. While another 12% plan to make the same type of investment before 2016. Only 9% plan to improve their solutions in the coming years, without a defined date.

This trend is largely determined by the fact that fixed costs of investment in HRMS software improvements become increasingly difficult to maintain while SaaS systems guarantee constant updates as well as personalized models that offer innovation, speed in processes and user experiences. The HR Management Systems market increasingly requires more agile and attractive resources, as well as core employee systems that offer best-in-class recruiting capabilities and talent to align with strategic businesses and customer imperatives. Therefore, the SaaS service allows companies the opportunity to advance their human resources processes with new levels of flexibility, ease of use and understanding. Rather than being limited by technical complexity and deferred software updates.

Value for the Customers:

The engagement system issued by leading SaaS HRMS providers, also Developers, includes a broad set of employee interactions spanning modern and common user experiences in customer interactions, leveraging mobile simplicity and social collaboration. Not only is the SaaS HRMS expected to deliver strong compliance and efficiency benefits, it should also enable the business to grow and evolve to meet the changing needs of its customers. The system should allow companies to offer greater value, such as:

• Job optimization based on customer-driven needs. For example, the incorporation of a system that facilitates management in companies that make hourly or seasonal hiring, such as Hospitality or Retail.
• Boost employee loyalty with digital experiences and engagement programs, all based on the integration of recruitment evaluation and improvement programs with the aim of getting more committed employees who value their role and work, which contributes to a positive attitude towards customers.
• Accelerate talent flow with candidate relationship management. As companies grow and change in response to customer needs, attracting top talent also drives business flexibility and competitive advantage.
• Continuously measure performance to support business and customer initiatives. Although employee performance appraisal functionality is typically found in SaaS HRMS offerings, the process often mimics the old paradigm of a periodic review on a paper form, which is based on skills rather than results.

In general, the study shows that SaaS solutions and even Payroll Outsourcing favor the dedication of HR managers to talent management in a more strategic way and oriented to business results. All these aspects coincide with Developers’ SaaS and BPO delivery models.