Human resources are the personnel of a startup or small business and make up for one of most valuable assets for any organisation. Additionally startups often have a dedicated vertical or function which looks after human resources and various other functionalities which come with it like payroll, compliance, hiring, grievances and many more. Over the years, human resources has evolved from just one aspect of hiring to covering a broad spectrum of functions like learning and development, improving productivity and culture in an organisation. Therefore. human resources can become tedious with a lot of manual work involved in payrolls, interview scheduling, leaves and grievance management and therefore tend to take a lot of valuable time which could be used elsewhere. Therefore automating these processes can free up time as well as streamline the entire processes.
This is where a Human Resource Management System (HRMS) comes into play. HRMS refers to a platform which helps the HR department in planning, organising and controlling the workforce, recruitment, staffing, payroll, announcements, policy changes as well as functioning as a repository of important human resources information.
We have compiled a list of five best HRMS softwares for startups and small businesses. Read more to find out about them.
Gusto HRMS offers customised services for each business. The HRMS platforms handles payroll, insurance, onboarding, employee finance tools and time tracking. Gusto is not just any simple HRMS tool, and what sets them apart is their financial advisors which let startups plan their insurances and taxes according to the budget they have in mind as well as a handy service which lets employees manage their finances better.
Namely is a HRMS provider who prides itself on being able to cater extensively to medium sized businesses by streamlining their HR processes. Namely believes in enabling startups and mid sized businesses to make data driven decisions in all aspects of their HR functions. Namely can cater to organisations who have employees from the range to fifty to a thousand.
3) Zoho People
Zoho People is an online Human Resource Management System designed to manage and access all your employee data from a centralized location. Zoho People does not need a separate software which needs to be installed and instead operates from the cloud. Zoho People provides modules for Employee self service, leave management, timesheets, attendance management and HR automation to name a few. Zoho People even offers a thirty day free trial in order to convince startups on their HRMS tool.
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4) Bamboo HR
BambooHR is designed with small and medium sized businesses in mind. This HRMS tool offers modules for onboarding, hiring, compensation and a special module for culture. The culture module provides a new approach to performance management and the latest tools for measuring engagement and driving organisational behaviour. Bamboo HR also provides a free trial for startups and offers pricing depending on the size of an organisation.
Zenefits simplifies the process of curating, and providing great benefits to employees from comprehensive healthcare plans to useful perks like commuter benefits. Zenefits also provides a fourteen day free trial for startups with most of its features available in order to convince the organisation to opt for their HRMS.
This concludes the list of Best HRMS platforms available in the market for startups and medium sized businesses. Let us know if you are already using any of these HRMS tools or plan on using them in the future in the comments below.