What Value Does an HRIS Bring to a Business Enterprise?
Labor cost is one of the highest expense items in a business operation. It is incumbent upon
professional management to automate where possible, and to use an HRIS. Why?
Specific Ways in which HRSource Saves Time and Money:
Regulatory Compliance -- avoid penalties
Enables users to quickly complete and submit necessary government forms and avoid costly penalties.
Auto Alert feature ensures advance notification and action for timely action
Salary and Performance Review Planning – pay your employees properly and keep them happy
The powerful salary review system enables managers to analyze pay equity, conduct real-time "whatif"
evaluations and ensure that they are spending within budget. Foster loyalty by recognizing and
rewarding the best performers.
Benefits Administration – control costs with accurate data and improve employee satisfaction
Cost of healthcare continues to rise. Track benefits enrollment information. The Benefit Billing report
allows reconciliation with monthly benefits bills that are received from insurance providers. Ensure
that the organization is not overpaying for benefits. The Benefit Statement report (total compensation)
displays all employee benefits including the cost of the benefits. Employees realize and appreciate the
full value of the benefits that they are receiving.
Applicant Tracking – an efficient process helps you hire the best, while minimizing cost
Recruiting is one of the more expensive HR functions. HRSource provides cost per hire data
allowing users to better manage the costs. Features include automatic applicant response letters and
offer letters, tracking of how long requisitions have been open, and providing the status of applicants.
Employee Management and Communication
HRSource standard reports show valuable management information such as turnover and headcount by
department, hiring and termination numbers and trends. With the proper data, management can do
interventions (e.g. for example, more training) to help reduce turnover.
HRSource can also help quickly answer employee questions such as, “in which benefit plan/s am I
enrolled?” and “how much vacation or sick time do I have left?”. HRSource allows the user to
quickly complete employment verification letters.
Contact us if you need help with your HRIS project.