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As business costs continue to rise, investing in a high-quality HR software solution could be the key that unlocks a new level of efficiency for your business.
How HR software can drive efficiency and reduce costs
16 June 2023
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2 minute read
Some of the most effective and popular HR software solutions on the market are those that deliver end-to-end solutions. The COVID-19 pandemic forced Australian businesses large and small to rethink how they manage their workforce, and the role of technology has never been more important in doing so.
A cost-effective solution
Quality HR software is a cost-effective solution for small businesses, particularly those with limited HR and payroll resources. Many of the leading software solutions on the market are cloud-based, which means that businesses don’t need to invest in expensive hardware or IT infrastructure.
Importantly, software can provide more flexibility by only requiring businesses to pay for the features or modules they need.
Improved efficiency and productivity
ELMO Software’s CEO Danny Lessem says one of the main advantages of HR software lies in automation.
“Automation means that businesses can save time and resources by eliminating manual tasks such as data entry, document management, and reporting,” Lessem says.
“The software also allows employees to manage their own personal data, reducing the workload on HR departments. With these efficiencies in place, businesses can focus on more important tasks, such as driving growth and innovation.”
Compliance with Australian laws and regulations
Australia is in the midst of some of the most significant workplace reforms since the creation of the Fair Work Act 2009. The Albanese government announced major changes to industrial relations laws in December 2022, covering working conditions to Awards rates.
Running a compliant business in 2023 is a lot simpler with the right software.
“Our software ensures compliance with Australian laws and regulations. The software is designed to stay up-to-date with changes in legislation, such as those related to taxation, superannuation, and workplace health and safety,” Lessem says.
“This helps businesses avoid penalties and fines, which can be significant if non-compliance is detected. Additionally, the software allows for easy access to compliance-related documents and reporting, simplifying the compliance process for businesses.”
Improved employee engagement
Retaining talent is an often-overlooked area of HR, where there can be a far stronger focus on recruitment.
An effective HR software solution should enable businesses to improve employee engagement through a range of features such as employee self-service, performance management, and learning and development.
ELMO Software lets employees manage their own information, access their payslips, apply for leave, and update their personal details.
“This reduces the administrative burden on HR departments and gives employees more control over their own work-life balance,” Lessem says.
“Additionally, the performance management feature allows managers to set goals and monitor employee progress, providing valuable feedback and recognition.”
Meanwhile, the solution’s learning and development feature allows employees to access training and development opportunities, which can improve their skills and boost job satisfaction.
Scalability and flexibility
HR software should be scalable and flexible enough to suit Australian businesses of all sizes.
It should also be able to support success. As businesses grow, a high-quality HR software solution should easily scale up to accommodate additional users and functions, meaning businesses can stick to the same technology even as their needs evolve.
“Business owners shouldn’t have to invest in a new system just because they increased their headcount,” Lessem says. “Finding a solution that can grow with you is far more cost effective.”
ELMO Software offers a range of benefits to Australian businesses, including improved efficiency and productivity, compliance with Australian laws and regulations, improved employee engagement, scalability and flexibility, and cost-effectiveness. With these benefits, businesses can focus on what they do best: growing and innovating in a constantly shifting business landscape.
Book a free demo now to find out why ELMO Software is quickly becoming a must-have for businesses that want to stay competitive in today’s market.
