Four HRMS cost benefits to help sell your project to c-level
An HRMS project is a chance to improve efficiency, increase manager and employee satisfaction and to do more with less. Arranging for funding can be difficult, however. How do you sell your HRMS project to senior management to gain their buy-in? Here are four HRMS cost benefits to include in your business case to get management support.
1. Increased employee engagement
An HRMS implementation offers many opportunities to connect with employees. Employee and manager self-service, visibility to data and targeted training are all immediate benefits. Every request that your employees can handle on their own rather than going through an HR team member is a win both for employees and for HR.
There is a variety of HRMS functionality that will also draw in employees. Can your HRMS offer targeted training and suggest options? Career growth is an aspect of employee engagement that should not be overlooked.
2. Alignment to strategic vision
Many companies promote a five or ten year vision. It may involve increasing customer service or revenue. Look closely at your strategic vision - can your HRMS help you to deliver on it?
If your vision suggests that you will have a quality workforce committed to your customers then your HRMS is a perfect vehicle to deliver on that promise. How can your HRMS help you to deliver your strategic vision? Often an HRMS is the best tool to deliver this option.
3. Lower HR headcount
Do you know your employee to HR ratio? Most companies know this number and are seeking to improve it. A new HRMS will help you to deliver data and information to employees in a timely manner.
An HRMS should help you to deliver value. Systems automation should bring process improvements and increased visibility to employee data. The HR delivery model should be reviewed and improved during your implementation. A new HRMS should be the chance to improve your operations.
4. Preparation for the future
An HRMS is the perfect tool to deliver value in the long run. Senior management is not thinking about this year but instead for many years out. Will your HRMS platform deliver long term results for the business?
Prepare a business case that shows this long term vision. The long term cost benefits will sell your HRMS purchase to senior management. Document your suggested savings over years too, these are the numbers that will sell your business case. Senior management is expecting big wins, don’t be afraid to deliver this option.
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