5 Sectors That Have Benefited Most From HRIS

Human resources (HR) is one of the most critical functions within an organization. This department handles all employee-related issues and payroll calculations. Considering the significance of this function, its operations should be streamlined to optimize the employee productivity and employee experiences.

Companies are investing more in HR. In fact, the industry is projected to be worth $38.17 billion by 2027.

Since most businesses still seem to rely on manual ways of workforce management, companies can use human resource information systems (HRIS) to optimize such tedious and time-consuming tasks. There are many objectives of HRIS, but its primary goal is to simplify HR workflows.

It can serve dual purposes by:

  • Speeding up the HR processing, and
  • Ensuring payroll accuracy.

HRIS is effective for larger enterprises, but it’s functionally viable for smaller businesses too. Before you decide to go about choosing an apt HRIS for your business, it’s important to know the different types of HRIS systems available and what industries do these solutions commonly serve.

If your business is within one of these sectors, then it might be a perfect time to make the necessary adjustments and invest in the right HRIS. 

  • Education

According to a report by the Economic Policy Institute, there is a shortage of teachers. In fact, the annual teacher shortage was estimated to reach 110,000 in 2018, and it’s expected to quadruple in five years. This shortage calls for the importance of hiring not just enough teachers for the school, but making sure all hires are the best. 

So how can you attract the best talent? Through a competitive salary and enticing benefits of course.

In the field of education, HR serves as the liaison among teachers, staff, and the school administration. From benefits concerns to labor issues, HR serves as a means to resolve any issues or concerns of the workforce. If teachers and staff feel that they deserve more from the administration, it’s the HR’s job to get their message across to the stakeholders.

One of the features of HRIS systems is benefit analysis. This helps you find the most attractive and efficient list of benefits for your workers. Not only is this useful in attracting the best talent in the field of education, but it’s also useful for doing that in just about any sector there is.

  • BPO / Call Centers

The BPO and call centers have one of the most competitive atmospheres for the workforce. If employees are rewarded for their extra efforts, everyone is bound to work harder to achieve quotas. Beyond that, this sector is suited for those who are industrious as the long calls and late schedules are likely to tire anyone out.

HR is a valuable part of this industry as finding the people who can work long hours and sit through long conversations is a must. Not everyone is fit to be a call center agent. Of course, the competitive nature of the profession might often contribute to disputes among team members.

Companies in this line of work have hundreds of employees under their wings so the benefits of HRIS will be put to good use here. What makes it even more applicable is that the solution makes managing a massive team easier.

One problem that HRIS addresses directly are payroll issues. With such a large employee base, some call centers might find it difficult to send pay on time for everyone. HRIS comes with features that allow HR to streamline payroll, assuring workers that they get compensated properly.

  • Construction

Construction is one of the most physically exhausting industries. Some workers may be deployed at other job sites, making it harder to keep track of attendance.

If workers don’t get the right benefits, salaries, and treatment, projects can crumble very quickly. One way to keep everything the workers need in check is by using an HRIS system.

Another crucial role of HR in the construction industry is forecasting. Before the start of projects, HR helps in distributing the roles of workers on sites. HR also stands as the pioneer of labor needs during and after projects are done. HRIS can streamline both processes through its database and features that help reduce the probability of errors and investment of efforts needed on part of HR.

From ensuring salaries to be credited to employees’ accounts on time to  keeping workers up-to-date on the latest policies and compliance laws, an HRIS system does all the heavy lifting for your business to optimise its HR function.

  • Government 

The one sector that needs HR the most is the government. HR can effectively empower the government sector, thus allowing workers to provide the services that the general public needs. 

The records system in an HRIS allows HR to manage and organize the data of an employee for future references. Whether it’s checking out if they are still fit for the job or if they have proper conduct, having this feature makes it easier for government agencies to maximize the amount of work they do for the public.

Beyond that, an HRIS solution can also provide workers with cost-effective incentives that motivate them to work even better. Though often overlooked, these incentives are crucial in letting workers know their worth regardless of what industry they are in

  • Banking and Finance

Finding the right people for the job and even keeping track of good records in the industry is tough work. Thanks to the features of HRIS, this task is relatively easier for the HR team to handle.

The banking industry is mainly service based. With it, some of the main challenges they face are managing people on top of navigating around financial and economic risks. This huge dependence on the workforce makes HR a priority.

To improve HR management, HRIS systems are used to help planning for recruitment, training current employees, managing employee performance, and keeping tab of employee requirements from benefits to retirements and resignations.

Improve Your HR Processes

It’s always the right time to make the necessary adjustments for your business especially if those changes concern growth. Modern problems faced by businesses require modern B2B solutions. There are probably hundreds of HRIS systems but what gives the edge to your business is more important. To give you a head start, you can explore the features and capabilities of UZIO for HR, payroll, benefits, and workers’ compensation solutions.

If managing and maintaining your workforce is a challenge for your HR department, it’s time to explore tools that can help you optimize your processes.

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