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Category: HRMS

The Use of Human Capital Management Systems in Modern Work Culture

Human Resource Management

In today’s rapidly evolving work culture, effective human capital management has become a critical factor for an organization’s success. Automated technologies are replacing manual HR procedures and paperwork. Contemporary enterprises rely on Human Capital Management (HCM) systems, which offer an integrated solution for attracting, retaining, and developing talent. In this article, we’ll examine the role that HCM systems play in the modern workplace and how they’re transforming how businesses manage their most important resource: their employees.

1. Enhancing Recruitment and Talent Acquisition

Human Capital Management (HCM) systems leverage technology to optimize and streamline various hiring stages. These systems ensure a wider and more focused outreach by connecting with job boards, social media platforms, and professional networks, which allows businesses to get in touch with a diverse pool of candidates. Automated applicant tracking features speed up the screening process by enabling recruiters to quickly sort through resumes and identify the most promising applicants. Moreover, HCM systems often use AI and machine learning algorithms to assess candidates’ credentials, abilities, and cultural fit, thereby enhancing the accuracy of candidate selection.

2. Streamlining Payroll and Benefits Administration

Automating payroll processes reduces the manual workload for HR professionals and ensures accurate and timely payment of employees. These systems integrate with attendance and time-tracking systems to automate the calculation of worked hours and overtime, eliminating the need for manual data entry. HCM systems help organizations comply with tax laws and other legal obligations, reducing the possibility of costly errors and fines. Additionally, HCM platforms provide self-service portals for employees to update personal information, check pay stubs, and choose benefits, promoting greater control and satisfaction. Overall, HCM systems streamline and centralize payroll and benefits administration, freeing up HR departments to focus on more strategic projects and improving the employee experience.

3. Promoting Data — Driven Decision Making

HR departments can leverage Human Capital Management (HCM) solutions to gain access to a wealth of informative data on various employee-related topics such as performance, engagement, and recruitment. HCM systems utilize advanced analytics and reporting tools to transform raw data into insightful and useful information. HR professionals can access real-time dashboards and data that provide a comprehensive overview of employee performance, turnover rates, training efficiency, and other factors. Armed with this information, managers and leaders can make informed decisions, aligning HR initiatives with overall corporate goals. HCM solutions enable organizations to optimize their human resource processes, creating more adaptable, effective, and competitive work environments. By identifying skill gaps, recognizing high-performing employees, or predicting attrition trends, HCM solutions empower firms to stay ahead of the curve.

4. Fostering Employee Engagement and Retention

Human Capital Management (HCM) systems leverage surveys, feedback mechanisms, and performance monitoring tools to measure employee satisfaction and identify workplace improvement opportunities. This valuable feedback empowers businesses to take action towards improving workplace culture, addressing issues, and recognizing employee achievements, ultimately leading to higher engagement levels. Moreover, HCM systems offer customized growth opportunities and development plans, demonstrating to staff members that their professional development is a top priority and the company cares about their success. By fostering a positive work environment and displaying genuine concern for their professional growth, HCM systems help build a sense of loyalty and dedication among employees. This results in improved retention rates and a more efficient and content workforce overall.

5. Ensuring Compliance and Security

HCM platforms streamline HR procedures such as payroll, benefits administration, and time tracking while ensuring compliance with applicable laws. These platforms have built-in compliance checks to maintain accuracy and conformance. To protect employee data from unauthorized access or breaches, HCM systems employ strict security measures such as data encryption, multi-factor authentication, and role-based access controls. This promotes trust and confidence among the workforce as it provides a protective wall around employee information. HCM solutions enable enterprises to proactively resolve compliance and security issues, allowing them to focus on core operations and strategic growth while safeguarding the confidentiality and integrity of their employees’ data.

Conclusion

HCM systems have revolutionized how companies operate in the modern workplace. These technologies improve overall productivity, employee engagement, and retention by streamlining processes for hiring, training, paying employees, and complying with regulations. By using data analytics, organizations can make well-informed decisions, ensuring that their human resource strategies align with their larger company goals. HCM systems will undoubtedly have an even greater impact on shaping workplace culture as technology advances, enhancing effectiveness, engagement, and productivity for both companies and employees.

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Tips to Find the Best HR Software in UAE

Every business is going to need an HR software at some point, whether you’re hiring for a full time position or just need to manage the payroll for your company. HR software can be intimidating and hard to find. You might feel like you need to jump through hoops to get the software you want, but the truth is that it doesn’t always have to be this way. There is a lot of HR software in UAE market, but finding the right HRMS software can drastically increase a company’s productivity, Therefore, allowing them to save time by digitalizing certain manual tasks Plus, avoiding the use of paper.

In this article, we are going to take a look at some tips to find the best HR software in UAE. HR and payroll software automate many of the processes your business needs to track employees, taxes, deductions, etc. Let us see more:

  1. What is HR management software?
  2. Tips to find the best HRMS in the UAE
  3. UAE specific features of HR software
  4. Key features to find in an HR software UAE

1. What is HR Management software?

HR software is a software that helps employers manage their employees. It includes payroll, employee time tracking, employee scheduling, and much more. The software is typically not just used by employers but also by employees. There are a number of benefits of using HR software. The software can help you keep track of employee time and attendance, track employee productivity, and a lot more.

HR software might be On-premise software – Cloud-based software – Web-based software – Mobile-based software The best type of HR software is the one that fits your needs best. The best way to find out what type of HR software you should use is to talk to your HR department. They will be able to tell you what works best for your company. They will also be able to help you decide on the type of software that is best for you.
Today, most HR processes can be automated through modern HRMS, so staff members can self-manage some of their HR needs, HR managers can improve processes and track requests easily, and companies can have a reliable, secure, and user-friendly HR system that serves as a base for an effective human resources department by having a cost-effective, secure, and user-friendly system.

By automating arduous HR processes, HR systems can deliver up-to-date, appropriate strategic management information at the stroke of a button by being simple, cost-effective, and cheap. It is critical to make sure that the HR system you are evaluating offers the highest level of quality and capabilities to support your workplace, since not all HR systems are created equal.

2. Tips for finding the best HRMS in the UAE

HR software is an important tool for a company to have. HR software is used to track the progress of an employee, organize the payroll, and more. It is important to find the best HR software in UAE that is affordable and has the features you need. To find the best HR software in UAE, you should first think about the type of software you need. If you need a software that is more effective for the company, a software that can provide you with the different payroll options, or a software that can help you find qualified candidates, then you should find a software that fits your needs.

It is also important to think about the size of the company you are looking for the software for. If the company is large, you should find software that can handle large amounts of data. If the company is small, you should find a software that is easy to use and doesn’t require a lot of data.

2.1 Define the needs of your company

Understanding your company’s current demands and future goals will increase your chances of picking the right software.

A clear understanding of your HRMS software requirements is crucial. For example, you should know whether you only need the basic version or modules like Employee Self-Service (ESS). In addition, you should decide whether to integrate your ERP system, whether to use your cloud or on-premises solution, etc. Also, you can create a list of daily challenges your company faces, like payroll calculations and HR administration.

2.2 Establish your budget

Choosing the best HRMS software also requires consideration of the following key factors. Spending money on software installation is allowed by your organization’s budget. Prior to purchasing analytics software for a budget, determine the budget and get management approval. If a software or firm charges you more than your budget allows, you have the right to refuse their services. Be realistic and honest about your budget, as well as your software requirements and company objectives.

2.3 Select the supplier

You have already chosen the HRMS software supplier and the program you intend to use. Now is the time to ask for a free demo to see if they integrate your existing management software and tools.
Having the opportunity to demo a vendor’s software makes it easier for you to decide which HRMS software is the right one for your organization. Make sure that all of your team members who will use this program in the workplace are present during the demo.

The vendor must provide answers to all your questions, so that employees can get the answers they need. This will lead to you being more clear as more questions are answered. Furthermore, during the demo, you will also get to know the software’s user interface and friendliness. Make sure to choose the best HRMS provider.

3. UAE specific features of HR software

The UAE market has many HRMS systems available; however, very few are designed specifically for our unique HR requirements. As a business sponsoring personnel, the company is ultimately responsible for them.
Consequently, HR departments must carefully monitor a unique set of problems and statistics, including:

  • Passports and its expiry date.
  • Emirates ID, copy of emirates ID, and expiry date.
  • UAE residency visa and expiry date.
  • Passports, visas, and medical insurance duplicates for dependents (spouses, children, nannies, and maids).
  • Healthcare insurance policies for every staff member.

All of the above are available through our HR system, with the option of subscribing to a premium service if necessary. Set up is also available if necessary.

4. Key features to find in an HR software UAE

For a successful integration in a UAE-based company, any HR system you use or intend to use must contain these 7 essential components.

  1. Accessibility on any place
  2. Attendance management
  3. Employee Self service
  4. User friendly
  5. Strong reporting
  6. Alerts and notifications
  7. UAE specific
    • The UAE seems to have a very different Human Resources environment than other regions, as previously stated. Because of this, your system needs to be able to accommodate and support the duties required of a UAE HR department, including calculating gratuities, handling unexpected public holidays, sponsoring employees, obtaining residence visas, issuing NOCs, etc.

How can FactsHRMS can help you?

Obtain extraordinary benefits by finding the right HR solution for you. HRMS software is no longer just a choice for modern organizations, but rather a necessity for any organization. From cost-effectiveness to improved employee engagement to security to improved administrative processes.

You will obtain the support of the best ally in the region by hiring our HRMS software company in the UAE. In addition, you will have access to the following services:

  • Onboarding and offboarding
  • Performance appraisal
  • Loan management
  • Attendance tracking
  • Employee benefits
  • Leave management
  • Document management and more.

All of your inquiries about our HRMS software solutions and other topics are welcome. Do not hesitate any longer; get in touch with us at +971 52 640 3910. Also, you can email us at bdm1@facts.ae with any questions or concerns. Our team at Dynamics Axis works hard for you!


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Payroll Processing for Small Businesses

Small businesses have to deal with payroll processing. Whether you’re using a payroll software or you’re doing payroll by hand, it’s a crucial part of your business. Payroll is also one of the most complex parts of running a business and it’s intricacies will depend on the size of your company. Even if you’re just starting out, you need to know how to do payroll right the first time.

Importance of Payroll Processing

1. Understanding payroll processing basics

It is important to understand the basics of payroll processing in order to avoid some of the common mistakes small businesses make. The following are some of the most common mistakes small businesses make when it comes to payroll processing: 1. Not understanding how to calculate payroll taxes 2. Not understanding the tax implications of hiring employees 3. Not understanding the tax implications of paying employees 4. Not understanding the tax implications of the different payroll systems 5. Not understanding the state and federal payroll tax laws 6. Not understanding the payroll tax implications of the different employee types 7. Not understanding the payroll tax implications of different payroll systems 8. Not understanding the payroll tax implications of different employee types 9. Not understanding the payroll tax implications of different payroll systems 10. Not understanding the payroll tax implications of different payroll systems 11. Not understanding the payroll tax implications of different payroll systems 12. Not understanding the payroll tax implications of different payroll systems 13. Not understanding the payroll tax implications of different payroll systems 14. Not understanding the payroll tax implications of different payroll systems 15. Not understanding the payroll tax implications of different payroll systems

2. Determining payroll processing requirements


Though small business payroll processing is not a difficult thing to do, it is important to determine your payroll requirements before you start the process. Otherwise, you may find yourself overwhelmed and in over your head. You’ll need to figure out the number of employees that you have, what type of payroll you’ll be using, and what kind of deductions you’ll have to make from your employees’ paychecks. Once you have these figures, you’ll be able to determine what your payroll processing needs will be.

3. Choosing what type of payroll software to use


Payroll processing for small businesses is not always straightforward. There are a lot of options to consider and some things you need to consider before you make a decision. For example, you need to decide what type of software to use, which can be difficult. You should also decide what type of software you want to use. There are many different types of payroll software available, so you need to decide what your needs are. If you are looking for a software that can handle everything, then you will probably want to go with a full-scale FactsHRMS payroll software. These types of software can handle everything from payroll processing to tax calculations. If you are just looking for a payroll software that can handle payroll processing, then you can also choose FactsHRMS payroll software.

4. Performing payroll processing functions


The payroll process is a necessary function of any small business. The process can be a hassle, but with a little bit of planning, you can make the process much easier. There are many things that require to be taken care of. It is important to understand that the process can be a little complicated. It is important to know what your responsibilities are, how much time it takes, how much it costs, and how to prepare for the process. It is important to have a clear understanding of what is happening during the process so that you can make necessary adjustments. It is also important to know how to use the payroll software that is being used.

For a free demo of Facts ERP with Fixed Asset Management, please get in touch on 052 630 3910.

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Reasons Why SMEs (Small and Medium Enterprises) Should Adopt an HR Software

It seems like every business is in need of an HR software these days. With the economy the way it is and the amount of competition, the HR software is the perfect solution for any business. You don’t have to worry about the high initial cost of hiring an HR professional, or the high cost of outsourcing the work to an external agency. All you have to do is set it up and let HR software handle the rest. These are just a few of the many reasons why every SMEs should adopt an HR software.

1. Advantages of having an HR software

1. HR software is a good investment. 2. HR software is a cost-effective way to improve your business. 3. HR software is a cost-effective way to manage talent. 4. HR software is a cost-effective way to manage payroll. 5. HR software is a cost-effective way to improve employee engagement.

2. How an HR software can make your business more efficient

Before you make a decision about whether or not to adopt an HR software, you should consider the benefits that such a program can have for your business. Here are the top five reasons why SMEs should use HR software. – HR software can help you save time and money. – HR software can help you save space in your office. – HR software can help keep track of hours worked and salary. – HR software can help your company avoid wage and hour violations. – HR software can help your company avoid legal problems.

3. A few ways HR software can save you money

The benefits of using HR software can be endless. Here are some of the top 5 ways HR software can save you money. 1. HR software can save you money by reducing the risk of human error: HR software can help you track hours, ensure that your employees are working at the correct times, and ensure that you are following all labor laws and regulations. 2. HR software can save you money by improving your productivity: HR software can help you know when an employee can be more productive by tracking their energy levels, track their productivity, and even help you create a schedule that is most efficient for the business. 3. HR software can save you money by improving your hiring process: HR software can help you know when a new hire is not a good fit for the company, track their performance, and help you create an interview process that is more efficient. 4. HR software can save you money by helping you track your training: HR software can help you track your training, track your performance, and help you create a training process that is more efficient. 5. HR software can save you money by making sure that your staff is happy and healthy: HR software can help you track your staff’s performance

4. Conclusion.

Employee management is an important part of running a small business. However, it can be a time-consuming and frustrating process to manage employees. There are many HR software programs available for businesses to use, but it’s important to choose the right software for your business. Here are the top five reasons why small and medium-sized enterprises should adopt an HR software. 1. Employees are more productive: HR software allows employers to give their employees the tools they need to be productive. Employers can track employee hours, manage their schedules and provide the resources they need to succeed. 2. Employees have access to information: HR software allows employees to have access to their pay information, time off, and other benefits. This includes benefits like health insurance, sick leave, and other things that employees may need. 3. Employees have access to training: HR software allows employees to access training, which can help them grow in their careers. It also allows employees to earn certifications, and through that, they can get a raise. 4. Employees are more engaged: HR software allows employers to set up individualized goals for their employees and provide feedback on their progress. This increases their engagement and their productivity.

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Benefits of Employee Self Service Portal

Employee Self Service Portal

Why is ESS Portal Important? 

In recent times more and more employees are moving towards hybrid working. Covid has changed the way employees work and employers are allowing flexibility in working models. Although the work can be managed and monitored, the HR department should be easily accessible. This is where the Employee Self Service portal will be helpful. 

Hence, with the ESS portal, employees can easily place leave requests, documents or certificates requests, easily check in from customer’s locations, and manage workflow. The availability of ESS portals on mobile or browsers gives the flexibility to employees.

Benefits of Employee Self Service Portal:

Easy Access: Your staff can easily access the portal right from their mobile phone, browser or tab. This will be highly beneficial especially if you have staff working from home or have sales staff working on the field. 

Leave Request Approvals: Staff will be able to request for leave and which the next level manager and HR manager can approve. Automatically the remaining leaves for that particular employee will be updated. 

Request of Documents or Certificates: Your staff can place requests for official documents such as salary certificate, salary transfer letter etc,. The default formats for various letters or certificates can be set as per your requirements. 

Check-in/out from Client Site: If you have sales or technical staff who are on the field, then they can use this feature. When they visit the customer location, they can check-in from the location and it will be logged in the system. This will help as mostly the sales staff are away for customer visits and their attendance can be tracked. 

Workflow Approvals: Multiple level approvals can be set using the Facts Bud-e. This will help in getting approvals online and instant. This will save so much time and also, all the approvals can be tracked.

Easy Data Capture: Your staff may want to book orders for an item which is not available in stock or they want to submit bills for reimbursements. They can easily attach bills or images right from their mobile phone. 

Task Management: Various tasks can be assigned to your team members. They will be able to track the deadlines and status of the tasks. This will help in increased productivity for the whole team. 

Company Announcements: Your company can have a dashboard where you can make common announcements for all employees. This can be about any events, news, inviting new employees onboard etc,. 

Moreover, if you are looking for more features to be added to the employee self service portal, it can be customized by us. For a free demo of our application, call now on 052 640 3949.

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HRMS – Human Resource Management Solution

Our HRMS software from Facts comes with an end-to-end process starting from recruitment to retirement of employees. Read more about the benefits of FactsHRMS

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