Every company, whether established or early-age startup, requires a systematic approach to reduce operational costs and improve efficiency. It becomes important for startups to reduce costs and invest in necessary resources. That’s why they opt for smart HRMS with a smooth payroll solution for SMEs. It helps them with ensuring time-saving and instant solutions with employee payrolls. 

However, it is additionally important to know the type of advanced payroll management software that is required to save startups from unnecessary investment in hiring multiple HR personnel. Thus, it is advisable to know the factors required to select an advanced HRMS tool. 

Must-have Factors in Smart Human Resource Management Software

Founders often perform multiple human resources tasks like onboarding employees when they are short of resources and a team. That is why they aim for a smart HRMS tool. Let’s take a look at what helps them reduce stress and save time.  

1) Performance Evaluation Management Software

The management needs to monitor and analyze the performance of employees which becomes challenging with manual processes. Therefore, it becomes important to know tools that provide a dashboard with such features where managers and team leaders can analyze the overall work performance of their team. It becomes an important factor to have in a company because of the efficiency it provides to the overall team. 

2) Time Sheets

Let’s understand the feature that helps management to evaluate work performance of employees. An online HRMS software with timesheet and payroll solution for SMEs and well-established companies to work effectively. It helps companies to work towards their goals and worry less about employee daily work reports or productivity. This feature, additionally, allows every employee to update daily reports to the portal and update concerned persons about it for transparency about work. 

3) Fosters Transparency 

The above-mentioned features are based on coordination between teams and employees. It becomes important to have such features, as it helps management to have more simplified details related to payroll solution for SMEs or employees. It makes transparency possible at all levels. HR personnel need not provide salary slips manually with such tools, for instance, employees can easily generate it with a few clicks. 

4) Resolve Queries

Sometimes, the question is not about generating payrolls with a simple click. It often worries employees if their salary will be credited without or with discussions. This usually happens majorly for two reasons, first employees have taken more days off than the standards mentioned above, or the record is not up to date and that’s why a portion of the salary gets deducted. 

Therefore, an attendance management system software like Kasturi HR becomes a preferable choice for entrepreneurs. It provides employees with discrepancy features where they can raise concerns regarding issues related to attendance or any other. 

5) Pricing Models

Another important feature that you must know is the subscription model of the human resource management software. Majorly, tools charge for specific features and do not provide multiple features under one roof. However, Kasturi HR provides basic features that help startups simplify the processes with the Foundational pricing model, and premium features in Professional and Advanced pricing models. 

6) Data Security 

Employee personal information and banking details are the most confidential data that companies have. Hence, it is important to safeguard it with the best payroll solution for SMEs, ensuring employees need not worry about their confidential information. Therefore, tools like Kasturi HR become a major hit for founders and entrepreneurs, for security and data protection. 

Why go for Kasturi HR?

There are multiple factors that make companies go for Kasturi HR, however, the major ones are multiple features like – 

  1. Performance Management Evaluation with Timesheets
  2. Discrepancy Feature for all
  3. Smooth Payroll Processing
  4. Assigning Tasks to Individuals/ Teams
  5. Have Transparency on Leave Balance

However, other important factors that impact the overall decision-making for founders regarding an attendance management system software are the pricing packages and inclusive features. 

For instance, Kasturi HR is the only platform available online that provides the top 50 features in the Foundational Pricing Model and at much lower/ affordable costs than other platforms. Nonetheless, the other pricing models like Professional and Advanced ones provide 70 features and 105 features respectively. 

It makes Kasturi HR, one of the best platforms that consider management’s problems and provide them with relevant solutions at affordable prices. If you are aiming to have smart performance evaluation management software, it is preferable to opt for the best platform, i.e., Kasturi HR. 

Analyze what you can expect from Kasturi HR in a month

It becomes important to know the effectiveness of an HRMS platform that it can be added within 30 days. Here are the major ones you can expect with Kasturi HR-

  1. Smooth Payroll Processing for employees regardless of their joining dates. 
  2. Simplified onboarding and documentation process where employees themselves update necessary documents to the portal. 
  3. Reduced HR personnel interference with administrative works like providing salary slips for specific months. 
  4. Improvised employee engagement with the company’s multiple initiatives. 
  5. Transparency with project completion and sharing feedback. 
  6. Payroll Solutions for SMEs get better and more accurate with no errors. 

Wrapping Up

It is important to have an effective HRMS and payroll solution for SMEs to simplify the overall processes and workflow. Moreover, it becomes important to know the requirements of your brand and analyze specific HRMS features that work well after integrating an HRMS software. Moreover, if you are looking for a recommendation, Kasturi HR would be the perfect fit, providing overall solutions that cater to your business requirements.