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Companies spend large recruiting costs to hire the finest talents of the country. HR Management System helps in reducing the cost per hire and to predict the time to hire talent in your organization. FabHR’s HR Management System is a solution for all your recruiting issues. Check the website https://www.fabhr.in 

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Solve employee’s issues by FabHR’s Ticket Management System

The most-leading way to grow your business is to keep your employees motivated. The secret to keeping them motivated is, solving all their issues on time. The ticket management system will allow your employee to raise an issue & track the solving progress. 

Adopt yourself to Ticket Management System by clicking on this link https://www.fabhr.in

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Circulate the employee’s payroll on time to avoid the unwanted toxic work environment. Reduce the friction in payroll processing. Avoid human error in payroll calculation by adopting automation. FabHR is a cloud-based, AI-driven human resource management system. Checkout on https://www.fabhr.in 

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Leading HRMS software in India for 2022 - FabHR

FabHR is the leading Human Resource Management Software in India. For the smooth functioning of the organization, FabHR has all the required features for employee management. Purchase the leading HRMS software for your organization. Check out the details here https://www.fabhr.in

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Hiring good talent isn’t less than a headache for the HR department as it is a time-consuming process. Automate the hiring and onboarding process to save HR professional’s time throughout the Hiring process. FabHR has already helped thousands of companies to hire and onboard top talent. It’s your call.For more details visit our site https://www.fabhr.in

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The best cloud-based Attendance Management - FabHR

Employees are the poles of strength on which the complete organization is being built. Manage your employees’ valuable time, their payrolls leaves to increase efficiency and productivity. Switch to our fastest growing and dynamic Attendance Management Software for your business. 

Switch to the best Attendance Management System in 2022. 

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HR processes are quite lengthy, recursive and time-consuming. Save their time with cutting-edge technology. Manage your employees to get the best productive work for your company. FabHR is one of the leading software for HR departments. For more details visit our site : https://www.fabhr.in

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FabHR, a budget-friendly HRMS software for startups and small businesses

It is not possible for startups and small businesses to afford expensive HRMS software for the organized and efficient management of the company. Get all the employee management features on a pocket-friendly budget. It is now easier with FabHR, we have held your back! Visit our website https://www.fabhr.in

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5 human resource challenges faced by small businesses

The Human Resource department is the most crucial department in any organization. Irrespective of the organization size, the HR department plays a crucial role in employee data management. The HR department manages everything from recruitment and retention to payrolls and benefits.

 When it comes to small businesses, HR management becomes a more challenging task as they have a smaller workforce, comparatively. Smaller businesses are more oriented towards growing their business and improving the products and services.

 The revenue and expenses is also a constraint, the workforce that works in smaller businesses have a low level of expertise that leads to miscommunication or less effective work.

 In this article, we’ll be focussing on what are the major human resource challenges faced by small businesses.

 #5. Training and compliances

Though there is no doubt that employees get hired based on the skills and talent required for the position, some companies require additional training and certification to guarantee maximum productivity from the personnel.

 Compliance is among the critical functions of the HR department to educate the employees and managers to drive positive behaviour for the organization.

An effective HR compliance program aware employees of the different legal rules and regulations and demonstrates how workplace laws and company policies apply to everyday situations. The challenge in compliance training is to keep all the employees and managers on the same page during the training.

 #4.  Recruiting new hires

Among the long list tasks of the HR department, recruiting new hires is the crucial and hectic one. Whenever a department submits its requirement and qualifications for new talent, HRs start posting the job requirements on job boards like LinkedIn.

 HRs need to wait for a stack full of resumes to find the best match. The resume scanning itself is a time-consuming process and takes hard efforts to sort the resume that fits to the job requirements submitted by the department. Then interviews and further rounds are held to hire the new talent.

 Hiring new talent for a company is a big investment and needs to be done in an organized and efficient manner.

 #3. Retaining existing employees

Hiring new employees costs more than retaining an employee. There’s a misconception that the role of the HR department is limited to hiring new talents for the company. The truth is, HRs need to put equal effort into retaining their employees.

 Employees satisfaction and retention majorly depends on the solid payout, company expenses and high morale. When there's a sort in any of these, employees directly contact the HR department.

 HRs communicate with concerned departments in order to resolve the problem as soon as possible and make sure that employees don't hand in their resignations.

 They also need to keep accurate records of every issue and complaint so that proper documentation could be done in the future.  

 #2. Payroll and time-tracking

For small businesses, payrolls, filing taxes and time tracking is a challenging activity. In a small business, there’s not much data then too compliance with tax calculation becomes very difficult.

 While calculating the payrolls, employee’s activity is tracked including attendance, leaves, absentees, overtime and wages. Tracking every employee’s time is again a hectic process for the department. Payroll processing makes it even more difficult. The manual calculation of payrolls leads to multiple human errors.

 Time tracking consumes a lot of time also. That time can be used in some productive work.

 #1. Having a clear understanding of the cost of benefits

Benefits packages are one of the deciding factors while people look for a job. This is a crucial part of employee retention and can be one of the most expensive aspects of your business.

 Small businesses, while growing to build a successful venture, fail in deciding a suitable reward mechanism or incentive scheme for their employees. It is pretty clear that the cost of benefits includes other additional charges that are provided to the employee in addition to the base salary.

 Small businesses fail to decide or manage these costs of benefits. This may create a problem for the business in the long run.

 What's the solution?

We discussed the challenges that an HR department faces in a small business. Is there any solution to resolve these? Yes, Mostly Hr departments' tasks are time consuming and recursive. This leads to poor HR management.

 Automation is the best solution to all the problems. FabHR is one of the leading HRMS in India and functioning best for the companies in the market.

 FabHR is an AI-driven cloud-based Human Resource Management System Software that can solve Hr department’s problems. This is an all in one software and includes the top-notch features of attendance management, payroll processing, hiring and onboarding process and much more.

 Give a try to this cloud-based security software.

Start your free trial today!

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FabHR keeps all your employee’s data at a single place in the cloud and provides businesses with an all-in-one software portal that is easy to access and secure. Say goodbye to a stack of files and make employee reports in a few taps. Start your FREE trial today at https://www.fabhr.in

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The best software to manage your employees in 2022 - FabHR

FabHR keeps all your employee’s data at a single place in the cloud and provides businesses with an all-in-one software portal that is easy to access and secure. Say goodbye to a stack of files and make employee reports in a few taps. Start your FREE trial today at https://www.fabhr.in

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The best HRMS software in 2022, the best choice for your business

 The HR department is the heart and soul of any organization. The HR department works in enhancing the employee’s efficiency and more revenue for the company. Gift them a productive and automated HRMS software to unleash their potential. Visit https://www.fabhr.in. 

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7 reasons why spreadsheets aren't ideal for managing payrolls

Most of the small and medium businesses including startups manage the payrolls on excel spreadsheets in their earlier stage. Excel spreadsheet is the first choice of the HR and finance departments to manage payrolls.

 According to Forrester research, 81% of businesses and 750 million people use excel spreadsheets worldwide. There are a few reasons to use excel spreadsheets; Spreadsheets are inexpensive to create, highly flexible, easy to use and easy to share.

 This traditional way of management is easier when the organization is small but as the organization grows, the employee base grows, this work becomes more laborious and time-consuming. There are downsides to using spreadsheets; reliance on excels spreadsheets causes inefficient manual processes, high operational costs, greater risk of errors.

 Spreadsheets are not ideal for managing payrolls due to some reason.

 Let’s understand the reasons in a descriptive way to manage your business in an organized way.

 #7. Spreadsheet management increases the data complexity

The payroll process is considered as one of the complex processes for the HR department, managing the payroll in an excel spreadsheet makes it even more complicated and a headache to the HR department.  

 As the company size grows, employees increases, therefore employee data increases. A lot of copy and paste management in spreadsheets may lead to changes in formulas or data, misinterpret number formats, and result in inaccuracy in payroll calculation.

 #6. High chances of human errors

Entering the employee's payroll data manually into an excel spreadsheet results in a high chance of human errors. If you make a mistake in a single entry, this may result in inaccurate records and the payroll process can become even more tedious.

 If you try to find the bug or that tiny error, again it’ll eat up a lot of your time and effort. In case you don’t find the error, you may need to validate the complete payroll data again.

 Most preferably, a few employees in the company may have a very complex salary structure that requires meticulous calculations for accuracy; spreadsheets may not allow you to calculate such complex salary structure and employee leaves.

This is the second and one of the biggest reasons to confirm that spreadsheets are not an ideal way to manage payrolls.

 #5. Compliance issues

Spreadsheets are not versatile enough to calculate payrolls considering statutory compliance and national laws. There is no facility to automate the compliance taxes.

 A small error in the payroll processing may lead to severe fines and penalties. The HR department needs to stay up to date on all the changes to the tax laws. As there are several statutory compliances requirements for India payroll including, minimum wages, TDS deductions, ESI & PF contributions, gratuity, EDLI and many more.

 Preparing accurate compliance tax reports periodically is difficult and time-consuming. Manual filling of the taxes and returns can attract errors followed by fines and penalties.

 These concerns may impact a small business very badly. So, you get another reason to avoid spreadsheets to manage the payrolls.

 #4. Spreadsheets leave security risks

Using spreadsheets can’t protect your data integrity or prevent errors, as there is no security for your confidential information. As the data is entered manually in the spreadsheets, there is a possibility of mistakes.

 To calculate the employee payrolls, the spreadsheets need to circulate to multiple other departments and there is room for any unauthorized access. This unauthorized access can result in loss of data or corruption.

 To meet the employee’s expectations and ensure the employee’s information, using spreadsheets to run payroll can be unsafe and risky in the long run.

 #3. Spreadsheets depend on manual operations

Excel spreadsheet is also software that makes things a little easier for the HR department.  

Calculation of payroll is a lengthy process. The HR and finance department needs to generate proof collection, salary slips and other payroll processes.

 These small tasks still have to be done manually. In today’s world, you are not using a pen and paper just to save time and effort, you are using a computer, even though you need to calculate the payroll manually.

 No matter how much data you have, you need to be dependent on manual operations.

    #2. Unorganized payroll processing

Multiple files and documents get circulated to the various company departments for employee information, leaves, claims and other data.

 Integrated spreadsheets cause difficulty with other business applications. As the payroll data grows, to avoid duplicate work for the HRs, integration of spreadsheets with other business applications is crucial.

 #1. Productivity of employee

Employees are the heart and soul of the company as they work day in and day out for the betterment of the organization.

 Updating the excel sheet manually with comprehensive data requires a lot of management. If you spend most of your employee’s time filling the working hours and attendance in the sheet then you’ll end up unproductive.

 As these manual filling of sheets will eat up most of their time.

 What is the solution?

The only solution to overcome these challenges of spreadsheets is, automate the payroll processing. Spreadsheets are a traditional way to manage payrolls. This is 2021, the era of cutting-edge technology.

 There are automated software in the market that can help you manage all the payroll management in just a few clicks. There will be no need to create the spreadsheet and manual filling of data. FabHR, one of the leading HRMS software in India has the best features of payroll management that calculate the employee’ salary based on the leaves, working time, absentees, claims and takes care of statutory compliances too.

 It’s been so easy to manage the complete payroll process with the help of AI-driven cloud-based HRMS management software.

 Start your FREE demo today!

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Create a robust workplace by online payouts and error-free slips

Process all the payments on time to avoid a bad employee experience. Automate the payroll processing and manage the financial records of the employee. FabHR is loaded up with efficient business solutions and features to save your valuable time. For more details visit our site: https://www.fabhr.in

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Streamline HR and payroll process with one of the leading HRMS software, FabHR

The hack to keep your employees is, solve their issue in hand and process their salary on time. Provide a hassle-free environment to your employees and retain them for the company's growth. Visit  https://www.fabhr.in to start your FREE demo today.

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How HRMS software is shaping HR management?

In the financial year 2020, the total number of MSMEs is more than 63 million. This number itself reflects the contribution of businesses to the Indian economy. Not only in terms of growth they may provide but the job opportunities they can offer.

 The organizations are going to boom in upcoming years, growth will be added in the book. As the business grows, the employee base also increases and hence management becomes complicated. HR managers face problems in scaling, workflow optimization and process automation.

 To overcome these upcoming challenges in your business, there is a need for cloud-based integrated HRMS software- specialized software that helps HR activities.  

 HRMS offers the chance to integrate and automate all the “non-value-adding processes’ like time and attendance management, leave management, payroll processing and reimbursement claims.

 HRMS offers to focus more on “value-adding processes” like building leadership abilities and designing learning initiatives for company development.

 Now, let’s have a look at the typical HR problems and solutions with the cloud-based integrated management system.

 #1. Managing daily HR tasks

In various organizations, managing daily HR tasks is a dilemma. They are unable to reduce their time being spent on “non-value-adding tasks”. They need to deal with the paperwork and routine administration to process employee info and answer questions. HRMS manages this information processing very efficiently and leaves the employees productive.

 Let’s understand how an HRMS can increase the productivity of employees,

 It reduces paperwork

Shifting to a cloud-based integrated HRMS software reduces the paperwork associated with HR operations and the money used to purchase papers. Specifically, it optimizes and standardizes the process related to employee info (employment history, licenses, certificates, education skills, compensation info etc.).

 It streamlines the creation of documents

This cloud-based integrated HRMS software allows Hr managers to collect employee data in one place and create any document based on that info. Now, HR managers need to go through a long stack of files and documents to employee ratings, or any other documents.

It saves time

You wouldn’t deny that daily HR processes are time-consuming. HRMS helps in managing and accessing the information with just a few clicks. It keeps all the information in a cloud to access it easily.

 #2. Allows to track KPIs

Tracking KPIs is a crucial part of business growth and employee performance. Parameters like these show how effectively workers or the entire company are achieving their business objectives. KPIs to monitor with HRMS software are

 Absentities

Calculating the absent ties is an important part of payroll processing. This feature of an HRMS shows the number of absent days due to sick leave or any other reasons. This tracks time and attendance effectively without any errors.

 Duration in the position

As an employee, none of us wants to stay in the position we were in. We try hard for promotion in the company to enhance the payout, productivity and skills. This KPI is helpful in tracking the performance of an employee and reminding HR managers when to promote.  

 Time to achieve goals

In any organization, every employee is oriented to achieve the company goals. This feature measures the efficiency of the workforce and informs how much time it takes for an employee to accomplish a certain goal.

 #3. It improves the efficiency

Science has already proved that it is not practically possible to earn 100% efficiency. The same applies to the business world. With the help of technology, we can try to maximize the efficiency of our employees to the maximum. Repetitive administrative tasks reduce efficiency and HRMS work on increasing that.

 A cloud-based integrated management system makes it easy to collect the data centrally, automate business workflows, and add more visibility by means of graphs and charts. Explore the various features of an HRMS to gain the level of efficiency.

 Time and Attendance management

Filling up the attendance and time track sheets manually becomes a hectic activity for employees. This feature of HRMS ensures the working hours of employees and compensates the salary based on the working hours.

 Payroll Processing

Happy employees are led by on-time and error-free salaries. In medium-size or big organizations, calculating the payout based on the leaves, presents, and overtime becomes really challenging. Moreover, payroll errors can be the downfall of a company.

 To avoid such errors and save costly time, a cloud-based integrated HRMS will work well.

 Hiring and Onboarding

What’re your views on your hiring and onboarding processes? Is the process simple, quick and efficient? If not then you need to give it a try to technical integration, HRMS software.

 It controls the onboarding process and filters out the best talent for your company. It makes each employee understand their role clearly. This feature allows companies to monitor the progress and track.

 Performance management

Employees deserve to be promoted or know how he/she is working for the company. But It’s really challenging and time-consuming to track the performance of each employee throughout the year.  

 HRMS provides 360-degree feedback in real-time. Performance management data provides insights into compensation, rewards, planning, professional goals, etc.

 #4. It improves employee self-service

This is the best feature that modern HRMSs are providing to businesses. Businesses demand employee self-service. Employees have numerous queries about terms and conditions, compensation, leaves, salaries and so on. It is very difficult to reply to all the employee queries.

 Modern cloud-based integrated HRMS facilitates individual employee profiles to check all the information they require including total paychecks, paid sick leaves or ability to work remotely.  

 #5. It offers privacy and data security

The best benefit of investing in an HRMS is, it offers privacy to the employee’s data. The HR department is responsible for preventing employees’ personal data from being misused. A cloud-based integrated management system allows the HR department to secure data from hackers and unauthorized users.

 FabHR, India’s top HRMS software provides all the facilities for your business growth. you are aware of the fact that HRMS software is going to be the new normal in organizations. It is helping a lot in shaping up the HR industry.

 Don’t waste your HR department’s time and efforts. Switch to a modern solution to all the problems. For more details visit our site : https://www.fabhr.in

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Attendance management system is a robust software to track their employees’ total working hours by recording in and out timestamps. FabHR is a free attendance management software in India. Start your FREE demo now https://www.fabhr.in