Every business enterprise- big or small primarily deals with their most important asset, i.e. their human resource. Consequently, the HR department is common to all kinds of organizations. Nowadays, the process of recruiting, training and managing the workforce has undergone a colossal transformation with hrms software development.

Technology has not left any aspect of the business arena untouched and the human resource department is no exception to it. This is one department that is taken for granted by all the employees associated with the organization. The HR department is driven into small and easily manageable units, each one responsible for carrying out a particular task, such as recruiting new staff, training the existing workforce, retaining employees, supervising, etc. Now to manage the entire process, business organizations require a robust and competent Human Resource Management Software that effortlessly compiles all workforce management systems to augment business efficiency. 

In today's post, we will have a look at the various aspects of a well-designed Human Resource Management Software and understand how it can benefit your business along with the involved cost structure.

Human Resource Management SoftwareHR-software

A Human Resource Management Software is a competent solution that offers complete control of all aspects of the management process including Recruitment Management, Payroll Management, Performance Evaluation, Work Delegation, etc. The HR software development company needs to deliver a solution that stores all the necessary data that helps in retrieving any piece of information from any place at any time. The software eliminates the need for maintaining the humongous amount of paperwork, saving a lot of effort and time of the HR managers and HR departments. 

Benefits of a Human Resource Management Software

Before you start looking for human resource management solutions development services, understand what the benefits of taking help from technology are. It is important that when you decide to build a software solution for your business it deals with all the problems that your business may face in the course of time.  Some of the advantages of integrating human resource management software with your business are:

HRM-team-management

Digitized Employee Database

The foremost function of HR software is to electronically store all employee information that can be easily managed and retrieved at the time of need. This improves the organization's overall productivity by eradicating the need for maintaining countless files with detailed workforce information. Additionally, the software is governed by robust security practices that ensure all the data is completely secure.

Payroll System

HRM software development ensures an automated payroll system that diminishes the need for outsourcing payroll to a third-party provider. The payroll system can be easily linked to employee information, time, and attendance tracking software. This helps in accurately calculating employee salaries and other benefits without any chances of error.

Read Also: Features for Robust HR Payroll System Development

Employee Self-Help Portals

Employee Self-Help Portals empower your employees by allowing them to access and maintain their own information and keep it well-updated, for instance, any change in address, marital status, etc. This largely streamlines communication and saves the HR managers a lot of time and effort for other significant operations.

Performance Management

HRM software allows the HR managers to monitor the performance of each employee and obtain a clear picture of their strengths and exemplary skills. This management is especially helpful in offering special training to employees, reviewing appraisals, giving bonuses as well as improving the overall productivity of the company.

Stress-free Workforce Management

With robust human resource management software development in action, there is no need for maintaining lengthy spreadsheets and assigning tasks to the employees via emails. The software helps in performing all significant operations on a single platform including assigning of work tasks, evaluating progress, reviewing employee performance, and even rewarding them.

Recruiting Systems

HRM software efficiently manages thousands of application forms and helps the managers in locating the most promising talent. Connecting the system to the employee database can later help in quickly converting the information from the application form into an employee file without any hassle.  

These are just a few advantages that one would get when taking your HR department to the digital domain. Along with this, human resource management applications play a significant role in business management and help you grow. 

If you are looking forward to hiring a web development team to get a solution for yourself all you need to do is make sure that they include given important features in your solution. 

Important Features of Human Resource Management Software

For any software development firm that you hire they would surely include the features they find important. You need to affirm that the hrms software features that you want to include in your solution are enlisted and clearly communicated to the development team. 

Some of the dominant features that can help you build an HRMS that eases down your HR’s responsibility and helps them focus on more important tasks are:

human resource management system

  • Payroll- This feature helps in tracking employee salaries, bonuses, provident fund, health and medical deductions, and issue paychecks.
  • Employee records- This includes the employee's general data along with all the medical insurance and taxing information It also stores his job history, performance evaluation, awards, and certifications.
  • Training Management- This allows you to offer remote learning as well as live training to the employees.
  • Talent Management- Especially used in tech-driven organizations, this feature allows HR managers to offer online training to their employees so that they can augment their skills and contribute more to the company's value.
  • Benefits Management- This is one of the most important human resource management system features to be included in your product. It offers complete information on the benefits provided to the employees.
  • Compensation Management- This allows managers to reward their top-performing employees with bonuses based on the value they bring to the company.
  • Performance Tracking- Employees can review other fellow-workers or get reviewed by them. This enables HR managers to gather quick insights into the employee’s work performance.
  • Document Management- This allows for managing all the employee documents by their name or type of document. They can be easily converted to PDF or any other format for use in other applications.
  • Onboarding- Onboarding makes it easy for new recruits to get acquainted with the company’s regulations as well as find all the necessary information regarding the company or the employer on a single platform.
  • Recruitment- Another important hrm software feature is recruitment management. A recruitment module helps in compiling a robust database of talent that can add to the company's value. Also, it helps in creating ads, managing applications from hundreds of applicants, administering important documents, etc.
  • Timesheet - This helps the HR managers in knowing the time spend by the employees on various projects. Also, it helps to see if there is any loophole in the work strategy or how employees can work on their productivity. 
  • Reporting & Analytics- This is an important feature that helps you to evaluate the performance of each employee individually and of the company as a whole. This enables you to detect the areas for improvement.
  • Time Clock & Attendance-This feature helps in marking the daily attendance of the employees as well as in keeping a check on their leaves. Booking, tracking and approving any leave form can also be managed with this.Talking about human resource management software features it becomes quite important that the attendance of the team is clearly marked. 
  • Employee self-help portal-Employee self-help portal enables the employees to handle their own records and make changes to the information to make sure it is accurate and up-to-date. They can also submit leave applications, communicate with other employees and view their working schedule easily with this feature.
  • Centralized HR Data- All the data is centralized in an interactive database that makes retrieving information extremely straightforward. Any change made in one document is reflected across the board, ensuring the information is always up-to-date.

With these HR system features you can at least help your HR team to automate their working style and earn a great amount. As the team focuses on the growth strategy it is important that they save time over other tasks. With HRMS software, the team can automate a lot of tasks and thus can focus on more important tasks.  

Types of Human Resource Management Software

When talking about the HR department their task is never restricted to a single domain. They have a plethora of tasks that are to be accomplished and looked after. Considering the tasks that they need to cover there could be various features that we can integrate with your software. Our expert development team can deliver solutions that are designed to match your standards. 

types-of-HR-Software-Applications

Depending upon the features integrated into the software, it can be classified in the following types:

Core Operations HRM Software

This is the most common type of software used by organizations that are based on three significant aspects of employee management, which includes basic workforce tracking, payroll administration, and benefits management. This is based on basic functionality, yet eases the dreariest and most taxing jobs of an organization.

Strategic HRM Software

This type of HRM software is most commonly used by employment agencies as it focuses on offering the best recruitment features. It provides onboarding features along with talent management, online training modules, and other tools that help in applicant tracking and recruitment.

Must Read: How Artificial Intelligence and Machine Learning Help in Building Employee Force

End-to-end Workforce Management HRM Software

As the name suggests, this software comes with almost all features of employee management such as recruiting, onboarding, performance tracking, payroll management, benefits administration, etc. They help the HR managers in storing all employee information and turning it into operable intelligence that improves the company’s efficiency.

HRM Mobile Application

Well, as it generally happens, HR managers are usually on the go. Therefore, having a competent HRM mobile app that enables them to access the complete software from their smartphone is crucially important. These apps offer adequate flexibility and the required level of access to the software, enabling managers to concentrate on their relative fields.

benefits of HRM mobile app

Let's have a look at some of the most pronounced benefits of HRM Apps.

  • Worker Directory- Apps will have complete worker profiles along with all the other relevant details. The managers can even check the current location of the employees and assign them important tasks.
  • Learning -  Mobile apps are a great source for employee learning and training as they offer engaging content in the form of videos, MCQs, surveys, etc. that the employees can read and share with other members.
  • Recruiting -  A recruiting app is one of the most effective ways of attracting the best talent for your business. You can easily collect all their information and keep them engaged through the taxing hiring process.
  • Greater flexibility- Mobile apps provide for an increased level of flexibility by allowing the HR managers to control and direct the employees from any place. They can assign roles, delegate work and communicate with the staff members while on the go.
  • Improved engagement- Employee learning apps boost engagement by offering the employees an interactive way of learning through videos, games and other embedded contents. It facilitates easy learning by making training modules more interesting.

The HR team is available on the go no matter how busy they are. With a HRMS mobile application it becomes easier for them to coordinate with their colleagues, and the management. If you are looking forward to building a strong HR management software to help your HR team have a sigh of relief you surely are at the right place. 

The Process of Developing Human Resource Management Software

After you have decided upon the type of HRM software you require for your business and have outlined the precise list of features that will be included, it’s time to move on to the HRMS software development process.

development process

It is important to closely monitor the development process to make sure that all the following stages are well taken care of

  • Strategy
  • Market Research & Analysis
  • Wire-framing & Designing
  • Development
  • Testing
  • Launch & Maintenance

Our team at Octal IT Solution, ensures that you are a part of the development process since the inception of the product. We understand taking decisions for investments is quite difficult and our software development team makes sure that you do not regret your decision. The HR software cost is also influenced by the team composition. 

With a big team of standard hierarchy, we make it a point that your business is in the right hands and you get to connect with the right set of people who can help you grow. 

Required Team Structure

For developing a robust and feature-rich Human Resource Management Software, you need to get in touch with a professional and experienced software development agency that boasts a team of expert technicians. It should clearly apprehend your business requirements and then propose customized software with all the necessary features and a concrete timeline.

  • Project Manager-  A capable project manager should possess astute managerial skills. He should have a solution-oriented and positive approach towards all obstacles.
  • Developers- Android App Developers, iOS App Developers, Web Developers, Front-end Developers, Back-end Developers
  • Designers- Graphic Designers, UI/UX Designers
  • Testers- A shrewd team of testers and accomplished Quality Assurance experts for extending a pleasant user experience

These are the key people who define how your business solution is developed. We make sure that you get to connect with them and share your expectations so that the product that is delivered to you is exactly what you want on your screen. 

The cost of developing your human resource management software is mostly influenced by the team composition and the features that you have asked for. We at Octal IT solution ensure to deliver you solutions that are budget friendly and feature ladened. Share your requirements with our experts and see the magic they can create on the screen for your team. 

The Cost to Develop Human Resource Management Software

Pricing is one of the most crucial aspects of software development. Every business wants to know the budget and pricing of developing a custom Human Resource Management software. First of all, the hrms software price largely depends upon the number and type of features incorporated into the software. The number of features will result in expensive software. Also, the cost differs across the world and each company sets their own rate that primarily depends upon two factors- the quality of work and the location.

cost to develop an app

We have done comparative research and enlisted some of the most popular areas along with their labor costs per hour.

  • U.S. based developers: $50 to $250 per hour
  • Eastern Europe based developers:  $30 to $150 per hour
  • India based developers: $10 to $80 per hour

Clearly, India is the most feasible country for software development that offers skilled labor at the most affordable cost of hr software. But again, there are various other factors that control the cost of development.  

Conclusion

Given the efficiency and usefulness of HRM software, it is no wonder that most of the business enterprises are looking to integrate it into their everyday working operations.  Hrms software price in India is quite affordable considering the features and functionalities that are included in your solution. If you are looking for a reliable team that can help you take your business to the zenith then you are at the right stop.

With one stop solutions we make sure you can easily get a product that would make it easier for you to manage your HR department. The benefits of managing multifarious tasks such as payroll, performance evaluation, onboarding, attendance, etc. help in enhancing the productivity of companies. Therefore, if you are planning to make significant investments in implementing HRM software, now is the time.

tech consultation

Arun Goyal

Managing Director @ Octal IT Solution, a prominent Mobile App Development Company offering cutting-edge iPhone App Development and Android App Development services to Startups, SMEs and Fortune-500 Companies.

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