Human Resources Core
A highly engaged workforce can attribute to 21% more profitability than an unengaged team.
Core HR, or Human Resources Core, entails all the basic functions of an HR department. Everything from data captured about employees, workforce maintenance, recruitment and even the software used to manage basic HR processes is included in Core HR. In short, a Human Resource Department’s influence on the day-to-day operations is evident and directly impacts a company’s bottom line.
If your HR department systems aren’t automated, it may be worth it to start moving in that direction. An efficient Human Resources Core software platform not only helps you retain your employees, but engage them as well (not to mention freeing up your HR manager from endless paperwork
Benefits of an Effective Human Resources Core
- Increased Quality of Work
- Saves time and Minimizes Paperwork
- Minimizes Employer Liabilities
- Attracts More Qualified Employees
- Better Employer/Employee Communication
- Efficient Claims Processing
- Quicker Onboarding
- Reduces Employee Turnover
- Reduces Accounting Costs
- Increases Time Spent on Income-Generating Activities
Features of ModusOpus HR software?
1. Database
Human Resource Core software must be a robust, secure database for employee information, contractor information and their processes. It must hold personal information, job details, employment history, benefits information, and documentation of pay rate and raises. Simultaneously, it automates these systems – this takes the guess work out of day-to-day tasks and functions.
2. Payroll management
Your Human Resources Core should not only store relevant payroll information, but should integrate with your banking system and accounting system to make direct deposits. It should be able to calculate and automatically applies withholdings for taxes, 401(k) contributions, and healthcare premiums.
3. Scheduling
Scheduling, overtime and the respective organization and management of such schedules is another important feature of a successful Human Resources Core software system. Absence tracking, payment of sick leave benefits, vacation approvals and leave carry-overs from year to year should be automated and tracked.
4. Employee self-service portal
When an employee can submit their leave and vacation requests digitally to a system which automatically tracks and notifies the necessary people, it saves a company time and money on needing to manually track this information (not to mention a significant decrease in human error). With an employee self-service feature, your core HR software helps create a positive employee experience and also relieves the HR team of tedious, mundane tasks.
5. Integrations
Having your Human Resource software integrate with your company’s other divisions, such as your accounting system, your learning management system and more, makes your job easier and your organization more efficient.
6. Reports
Accurate reporting from your Human Resource Department is vital information that can help you track trends, employee engagement, onboarding, and more. Aside from generating standard reports on absences and turn over as well as any custom reports that would be beneficial to your company, automatic reporting can save your company time and money as well as heartache. The best part? It’s all customizable!
Organizations use core HR software to maintain employee profiles, store relevant employee documents, and identify trends with a holistic view of the organization saving valuable time and money on mundane tasks as well as minimizing the challenges of hiring new qualified personnel.