Small businesses appreciate a good strategy for saving money. And what better way to save money and time than by automating repetitive and arduous operations in your business?
Many of the processes consuming valuable time in your HR department can benefit from automation. HR software tools for small businesses like BambooHR, Zoho People and Ximble can boost efficiency and eliminate chances for human error in your business, saving you significant money in the process.
So, how much money can you really save using HR software?
Benefits of HR Software
BambooHR, a company providing human resources software as a service, highlights some of the areas an HR software can help your business save money in a recent infographic. The Lindon, Utah-based HR firm uses a hypothetical company and a hypothetical HR professional, Caroline, to demonstrate the benefits of integrating HR software and automation into your business operations. The savings highlighted are significant.
Using baseline averages, BambooHR determins Caroline’s time is worth $33 per hour and an average employee’s time is worth $23 per hour at her company. Then, the HR firm further breaks down the numbers:
1. Savings with Onboarding
One of the biggest savings is in onboarding, where automation of the processes involved can save a small bus