How will Cloud Based Payroll Solutions change the HR Function?

 

Presently, HR function has evolved from how it used to operate in early 2000. The introduction of HRM or Human Resource Management systems in the late 1990s had revolutionized the HR groups across different industries.

Note that HR groups in any business today are not confined to back office. Their responsibilities have extremely changed with change in time.

Human resource department now handles various key functions, which includes recruiting, performance management, on boarding, employee engagement & employee data management etc.

All such functions include massive data generation & intense processing. Taking up cloud based payroll solutions have made processing and storage of data/info easier.

Cloud based payroll software leverages all potentials of cloud computing for enhanced management of the resources & lowers the costs.

Using cloudHR software has enhanced the productivity & efficiency of the organization massively all round the globe.

With this the question that arises is - How cloud based payroll software is deemed to change the HR function?

Cloud basedpayroll systems can easily manage training, recruiting, evaluation & various other crucial human resource operations.

It even empowers the HR group with computing power, assisting businesses to thrive in the data driven era.

Here, we will discuss some top advantages of cloud based payroll software that will change the manner HR group functions:

Increased recruitment procedure:

On boarding & recruitment have all the time been one of the major functions of the HR department. Recruitment procedure includes a lot of info/data, beginning from processing of CVs, collation of the interview feedback, scheduling interviews to send out the work offers.

Conventional ways of such operations include working manually that might lead to mix ups & out of sync events in recruitment procedure, which business cannot afford.

Cloud HRsoftware can help businesses avoid such scenarios & make recruitment procedures more efficient.

Lowering workload:

Enhanced workload created by the paperwork can easily be eliminated by taking up a cloud based payroll system. All data/info are stored & sorted in cloud servers & can be easily accessed from anywhere at anytime.

As all the info/data gets stored in the cloud server, there is reduced risk of losing out on data/info.

Enhanced employee engagement:

Just by leveraging big data, the best cloud based payroll system comes up with proper employee engagement programs and ideas.

Having an efficient employee engagement gets the company high level of satisfaction among employees, interest from the new applicants, knowledge sharing, profitability and business agility.

It even results in improved & long term retention of employees.

Staff access 24X7:

The cloud based payroll software enables employees easy access to crucial info/data. Staff can even manage their leaves, file taxes & income tax returns from anywhere at any time, even during weekends or holidays.

Predictive analysis:

Use the AI (Artificial Intelligence) in cloud based payroll software can assist with a good employee assessment, increment, promotion & retention operations.

Just by reviewing the info/data across the business, AI can simply predict the staff who might be at great risk of disappointment & dropping performance curve & can address issues proactively.

Cloud basedpayroll solution caters centralization of the data/info, meaning efficient and fast storage & retrieval of the data/info for any business, making HR group, a strategic unit of the business.

With the rise in technology, more & more businesses are deploying the cloud based HR system in their Human Resource department.

Thus, it has become mandatory for the HR experts to upgrade themselves with the HR analytic skills to stay relevant in industry.

DynaPay is the most efficient, cost effective and user-friendly cloud payroll software. It is fully customizable for operational needs and most efficient HR and Payroll system today. 

It operates within Microsoft Dynamics 365 Business Central. DynaPay can be truly called a solution as it is the one stop shop for a payroll system. 

Dynamics Business Solutions (DBS) is certified Microsoft Dynamics partner in UAE, we take pride in our ability to develop and deploy the right business solution that matches global client’s requirements.

To know more, speak to our expert at Dubai: +971 4 447 5525 Abu Dhabi: +971 2 222 2100 or inbox us your query at  dynapay@dynamics.ae OR visit www.dynamics.ae