Managing HR within a small business can be challenging. The complexities of hiring, payroll, employee benefits and other HR processes can be daunting for the average entrepreneur. And if you only have a handful of employees, you may not feel like paying a fortune in order to get more software to help you manage your company.
What is HR Software?
HR software is a type of business application that helps organizations manage their human resources. It includes a variety of tools to help with HR processes such as recruiting, performance management, and employee benefits.
There are many different types of HR software available, so it’s important to choose one that will fit the specific needs of your organization. Some HR software applications are designed for larger businesses, while others are better suited for small and medium-sized businesses (SMBs).
If you’re looking for affordable HR software for your SMB, here are some great options:
Benefits of Purchasing HR Software
Human resource management is a critical function for any business, large or small. An effective HR department can improve employee morale and performance, reduce turnover, and save the company money.
One way to improve your HR department’s effectiveness is to invest in HR software. There are many different types of HR software on the market, but not all of them are created equal. To help you choose the best HR software for your business, we’ve compiled a list of the top affordable HR software options for small and medium businesses.
1. Benefits of Purchasing HR Software
HR software can automate many of the tasks that take up your HR team’s time, freeing them up to focus on more strategic tasks. Additionally, HR software can help you keep track of employee performance and compliance with company policies. By investing in HR software, you can improve your company’s bottom line while also making your HR team’s job easier.
Types of HR Software
There are a few different types of HR software available on the market, each catering to different needs. Here are some of the most popular options:
1. Applicant Tracking Systems (ATS): These systems are designed to help businesses manage the hiring process from start to finish. They can be used to post job ads, track and manage applications, and even conduct initial screenings and interviews.
2. Employee Self-Service (ESS) Platforms: These platforms give employees the ability to access and update their own HR records, view company policies, request time off, and more. This can help reduce the workload for HR staff and improve communication between employees and management.
3. Performance Management Systems: These systems help businesses track employee performance over time, set goals and objectives, and identify areas for improvement. This information can be used to make decisions about raises, promotions, and other personnel changes.
4. Learning Management Systems (LMS): These systems help businesses create and deliver training content to employees. They can be used to onboard new hires, provide ongoing education and development opportunities, and even certify employees in certain skills or knowledge areas.
5. Time and Attendance Tracking Systems: These systems help businesses track when employees clock in and out, as well as their overall hours worked. This information can be used for payroll purposes or to monitor compliance with company policies regarding break times, overtime, etc.
Top 7 Affordable Options for SMBs
1. BambooHR
BambooHR is an all-in-one human resources software that offers a suite of tools for small to medium businesses. The software includes tools for managing employee data, tracking time off and vacation requests, onboarding new employees, and performance reviews. BambooHR also offers a mobile app for managing HR on the go. Pricing starts at $5 per month per employee.
2. Gusto
Gusto is a cloud-based human resources software that offers payroll, benefits, and performance management tools for small to medium businesses. The software includes features for tracking time off and vacation requests, onboarding new employees, managing employee data, and conducting performance reviews. Gusto also offers a mobile app for managing HR on the go. Pricing starts at $45 per month plus $6 per employee.
3. Zoho People
Zoho People is a cloud-based human resources software that offers a suite of tools for small to medium businesses. The software includes tools for managing employee data, tracking time off and vacation requests, onboarding new employees, conducting performance reviews, and creating custom reports. Zoho People also offers a mobile app for managing HR on the go. Pricing starts at $3 per month per employee.
4. Namely
Namely is a cloud-based human resources software that offers payroll, benefits administration, and performance management tools for small to medium businesses. The software includes features for tracking time
Conclusion
There you have it — the top 7 affordable human resources software for small businesses. All of these software programs offer a great way to keep track of employee information, and they are all very affordable. If you are looking for a way to streamline your human resources process, any one of these software programs would be a great option. Do you use any of these HR software programs in your business? Let us know in the comments below!
