SMEs can think of using HR software to monitor and track new job applications, create payrolls for existing as well as for new employees, create vacancies within the company, and more.
SME’s (Small and Medium Enterprises) share in GDP is 8% in India. Its contribution to employment is 22%, according to a Forbes report published in July 2018. What the segment is lacking is the adoption of technology on a large scale. Most of the time, SMEs presumes technology adoption in their business execution is a costly affair; however, it’s not always. Furthermore, technology like HR software makes the functioning of such enterprises better and hassle-free. In understanding the subject well, let’s dig deeper to knowhow the HR software can benefit SMEs today:
Hassle-free recruitment
Like every enterprise, the functioning of HR in an SME firm is crucial. Identifying the right talent for the right role is challenging. The success of good recruitment can make an employee an asset to the company and similarly, if not chosen carefully, such employees can turn as its greatest liability. Here, using HR software that automates the recruitment process makes sense. Such software is useful in bulk recruitment and it can create recruitment campaigns that reach many competent aspirants and saves time for other productive activations. Likewise, SMEs can think of using HR software to monitor and track new job applications, create payrolls for existing as well as for new employees, create vacancies within the company, perform background checks of potential candidates, and perhaps most importantly allow job applicants to apply online.
Source: Financial Express
