{"id":60,"date":"2017-03-31T06:22:45","date_gmt":"2017-03-31T06:22:45","guid":{"rendered":"https:\/\/hrnetsourcedemo.com\/blog\/?p=60"},"modified":"2017-03-31T06:22:45","modified_gmt":"2017-03-31T06:22:45","slug":"the-value-of-hris","status":"publish","type":"post","link":"https:\/\/hrnetsourcedemo.com\/blog\/2017\/03\/31\/the-value-of-hris\/","title":{"rendered":"The Value of HRIS"},"content":{"rendered":"<p><strong><big>What Value Does an HRIS Bring to a Business Enterprise?<\/big><\/strong><\/p>\n<p>Labor cost is one of the highest expense items in a business operation. It is incumbent upon professional management to automate where possible, and to use an HRIS. Why?<\/p>\n<ul>\n<li>Data for senior management for better decision-making regarding employees, workforce, costs<\/li>\n<li>Perform &#8220;What If\u201d modeling- forecasting ability<\/li>\n<li>Better employee communications, better productivity<\/li>\n<li>Streamline HR transactional tasks and free-up time for more important employee issues<\/li>\n<li>Faster access to meaningful information that was not available in the past<\/li>\n<li>Competitive advantage in being able to hire the best, and retain the best employees<\/li>\n<\/ul>\n<p><strong><big>HRSource can save you time and money<\/big><\/strong><\/p>\n<p><strong>Regulatory Compliance &#8212; avoid penalties<\/strong><br \/>\nEnables users to quickly complete and submit necessary government forms and avoid costly penalties. Auto Alert feature ensures advance notification and action for timely action<\/p>\n<p><strong>Salary and Performance Review Planning \u2013 pay your employees properly and keep them happy<\/strong><br \/>\nThe powerful salary review system enables managers to analyze pay equity, conduct real-time &#8220;whatif&#8221; evaluations and ensure that they are spending within budget. Foster loyalty by recognizing and rewarding the best performers.<\/p>\n<p><strong>Benefits Administration \u2013 control costs with accurate data and improve employee satisfaction<\/strong>Cost of healthcare continues to rise. Track benefits enrollment information. The Benefit Billing report allows reconciliation with monthly benefits bills that are received from insurance providers. Ensure that the organization is not overpaying for benefits. The Benefit Statement report (total compensation) displays all employee benefits including the cost of the benefits. Employees realize and appreciate the full value of the benefits that they are receiving.<\/p>\n<p><strong>Applicant Tracking \u2013 an efficient process helps you hire the best, while minimizing cost<\/strong><br \/>\nRecruiting is one of the more expensive HR functions. HRSource\u2122 provides cost per hire data allowing users to better manage the costs. Features include automatic applicant response letters and offer letters, tracking of how long requisitions have been open, and providing the status of applicants.<\/p>\n<p><strong>Employee Management and Communication<\/strong><br \/>\nHRSource standard reports show valuable management information such as turnover and headcount by department, hiring and termination numbers and trends. With the proper data, management can do interventions (e.g. for example, more training) to help reduce turnover.<\/p>\n<p>HRSource can also help quickly answer employee questions such as, \u201cin which benefit plan\/s am I enrolled?\u201d and \u201chow much vacation or sick time do I have left?\u201d. HRSource allows the user to quickly complete employment verification letters.<\/p>\n<p><a href=\"http:\/\/www.auxilliumwesthrsoftware.com\/Contact_ScheduleDemo.aspx\" target=\"_blank\">Contact us<\/a> if you need help with your HRIS project.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>What Value Does an HRIS Bring to a Business Enterprise? Labor cost [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[6],"_links":{"self":[{"href":"https:\/\/hrnetsourcedemo.com\/blog\/wp-json\/wp\/v2\/posts\/60"}],"collection":[{"href":"https:\/\/hrnetsourcedemo.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hrnetsourcedemo.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hrnetsourcedemo.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hrnetsourcedemo.com\/blog\/wp-json\/wp\/v2\/comments?post=60"}],"version-history":[{"count":1,"href":"https:\/\/hrnetsourcedemo.com\/blog\/wp-json\/wp\/v2\/posts\/60\/revisions"}],"predecessor-version":[{"id":61,"href":"https:\/\/hrnetsourcedemo.com\/blog\/wp-json\/wp\/v2\/posts\/60\/revisions\/61"}],"wp:attachment":[{"href":"https:\/\/hrnetsourcedemo.com\/blog\/wp-json\/wp\/v2\/media?parent=60"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hrnetsourcedemo.com\/blog\/wp-json\/wp\/v2\/categories?post=60"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hrnetsourcedemo.com\/blog\/wp-json\/wp\/v2\/tags?post=60"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}