HRIS

HRIS, or Human Resource Information System, serves as a centralized hub for managing various HR functions and employee data. It automates tasks, enhances data management, and enables data-driven decision-making.

1. Employee Data Organization: HRIS efficiently stores and retrieves employee data, including contact details, education, salary, tax information, etc. Customizable access controls ensure data security and empower employees to update their information independently.

2. Time Tracking and Attendance: HRIS provides a dashboard to review working hours, absences, sick days, and holidays for every employee. This data helps in tracking individual and company-wide engagement trends.

3. Automated Payroll: HRIS automates payroll tasks such as tracking timesheets, calculating wages, taxes, and distributing pay. It reduces errors and ensures data security.

4. Benefits Administration and Compensation Management: HRIS manages employee benefits and compensation packages, highlights perks, gathers transparent compensation data, and administers benefits packages.

5. Applicant Tracking: HRIS includes an Applicant Tracking System (ATS) to manage applications, selection phases, and gather metrics for recruitment.

6. Employee Training and Performance Tracking: HRIS automates and tracks employee training, assists in talent management, and generates training and progress reports.

7. Employee Self-Service: HRIS empowers employees to set goals, track performance reviews, and manage their career development independently.

1. Organization and Scalability: HRIS centralizes employee information, ensuring easy access and organization as the company scales.

2. Time Savings: By automating tasks, HRIS reduces the time spent on repetitive HR tasks, allowing HR managers to focus on strategic initiatives.

3. Data Security and Compliance: HRIS holds information securely, ensuring compliance with HR regulations and data security standards.

4. Enhanced Employee Experience: HRIS improves the employee experience by streamlining processes, addressing inquiries, and ensuring timely onboarding and payments.

5. Data-Driven Decision Making: HRIS provides real-time insights, enabling data-driven decisions to optimize workforce management and streamline processes.

• Rippling

• Monday

• BambooHR

• Hibob

• Namely HR

• When HR tasks become time-consuming and repetitive.

• When using multiple systems leads to confusion and inefficiency.

• When talent acquisition and retention suffer due to disorganization.

• When data-driven insights are needed to improve HR processes.

According to Softwarepath’s 2022 HRIS report, the average cost is $210 per month per user or $12,625 per user over five years. However, actual costs vary based on the provider and specific needs.