Picking the right HRM software for a growing business

Growth is one of the core objectives of most businesses, and it falls upon every function to assist the company in pursuit of this goal. The challenges faced by growing businesses relate to scaling a firm – from employee development to cash flow issues to retaining top talent.

The external perspective is that owners are in control of their company’s destiny, and always end up doing the right things. The reality, however, is entirely different – C-level executives and managers are constantly adjusting their strategies, especially when they’re making decisions for a high-growth company. That’s why, more often than not, little time is devoted to HRM, and even less to confirm it’s all in order.

According to a survey conducted by HRPS (Human Resource Planning Society) and i4cp (Institute for Corporate Productivity), HR in most companies is failing to respond quickly to the strategic challenges that follow new profitable growth. Also, the growth in organizations is changing “strategic HR.”

Indeed, a growing company will face some big HRM challenges. They’ll have to think about how to retain their core talent, how to best recruit the right candidates, and what could be the best HRM processes to deliver on their business strategy.

This is where HRM software would be more than useful.

Since HR affects all other functions in your business, HRM software can ease the burden by automating payroll and other processes, reducing spreadsheet errors, ensuring compliance with state and federal laws, as well as providing metrics like hiring costs and turnover rates.

But which HRM software is best for your growing company? Due to the quantity of offerings, you can easily get confused and invest in the wrong solution, or not invest at all. Below are some tips to ensure that doesn’t happen:

1.  See software rank

Specific sites display human resource management software solutions and their rankings alongside them. Companies are recommended to choose a solution from a top 10 ranking. To narrow your decision further, you can see a demo, receive price quotes and see the community rating for a particular software. Some sites will also show you recommended software solutions based on your company’s employee size and how many users are expected to run the software.

2.  Collaborate with IT department

When implementing any new software in a growing company, staffers in the IT department must be informed about the process. IT professionals have advanced knowledge about current solutions in place and will be able to recommend solutions that seamlessly integrate with the current infrastructure, or suggest necessary upgrades to facilitate implementation. By adopting this approach, you can avoid the occasional integration hiccups.

3.  Check for security

IT security is one of the top concerns for any growing organization (all their hard work over the year(s) can be for naught with a slight security glitch). The HRM software should be evaluated for level of security. A good HRM implementation would provide cloud-based or on-premises solution to secure the organization’s data. Security features should include things like role-based dynamics and encryption.

4.  Consider ease of learning

For ensuring the long-term success of HRM software use, get a demo to see how easily your team navigates through the software. Assistance requirements may be avoided if you integrate an intuitive system. Despite the uniqueness offered by different solutions, many companies find success in solutions that are simple to use.

Follow these guidelines to select the best HRM software for your company.

Praseeda Nair

Praseeda Nair

Praseeda was Editor for GrowthBusiness.co.uk from 2016 to 2018.