3 Myths About HRMS for Small Businesses
Are you a small business owner or are you responsible for HR in a small business? When margins are tight, an HRMS might be the last thing on your mind. However, there are many misconceptions around HRMS for small businesses and viable solutions aren’t the white whale they used to be.
An HRMS Is Too Expensive
Many years ago, an HRMS was considered a major expenditure, an investment that took years to implement and pay for itself. Such a project would require a committed budget to support the licensing fees and consultants required to implement it. However, in today’s market there are a wide spectrum of HRMS for small businesses, from the ‘basic’ and ‘minimal’ HRMS options through to the full-service, top of the range applications. The HRMS market is no longer one-dimensional, especially when it comes to cost.
All HR Technology Requires IT Staff
Do you remember a time when an HRMS was a black box of mystery, understood only by the IT team who controlled all aspects of its use? The current generation of HRMS for small businesses offer more flexibility in this area, such as Software-as-a-Service (SaaS) products that require no in-house technology expertise, but instead open up more of the configuration to HR. The vendors roll is to control former IT aspects such as patches, enhancements to functionality and backups.
We're Not Big Enough to Need an HRMS
A decade ago, HRMS only had one model and it was built for the needs of large organizations. It was easier for small companies to keep spreadsheets of their HR data, rather than invest in a product. A small business would never gain efficiency through using such a product, giving credence to the idea that a company needed to be ‘big’ to have an HRMS. The current HRMS on the market include products offered by a number of vendors that cater exclusively to small businesses.
Featured white papers
HRMS Software Pricing Guide
Get your comprehensive guide to the cost of HRMS software in 2017Download
Which non-HR software should your HRMS integrate with?
HRMS integration is about more than just payroll - integrate with these systems for maximum effic...
Four new workforce trends: how your HRMS keeps you flexible
Use your HRMS to propel your workforce into the twenty-first century with these tips
Three HRMS implementation case studies you can learn from
Real-world examples to help you complete your implementation successfully