For all the money spent by organizations on web based HRMS solutions, there often remains a persistent and troubling gap between the inherent value of the technology they sign up for and their ability to put it to work effectively.
In today’s race of moving the digital way, the distance between technical promise done during sales and genuine achievement post the launch is a matter of grave concern.
Concept of moving to cloud based payroll solutions is a fairly accepted norm among the HR and Payroll professionals. Over the span of last few years, we have been hearing all about the advantages of cloud based Human Resource Management software and their superiority over manual processes. But has this torrent movement from on premise to cloud-based HR software able to overcome the transitional concerns of the organizations?
According to an exclusive survey data HR outsource and technology firm PeopleStrong shared with Mint, if the rate of gross domestic product (GDP) growth and subsequent job creation continues to be the same as today, the mid-market will create approximately 7 million new jobs by 2021, which means approximately 1.4 million jobs annually
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Human resources (HR) technology can help the Indian corporations save significantly, according to experts. PeopleStrong, an HR outsourcing and technology firm, estimates that India Inc. can save at least $600 million annually by 2021 using HR Technology.
As part of an organizational chart, HR looks like a formidable function- the immense task of linking people with processes and protocol is not an easy one. But in reality, HR systems sometimes work in independent silos, detached from core business and employee needs. This causes a lot of needless delays in paperwork, payroll processing etc.