Every other decade, there is new business trend that takes the world by storm. Whether it was the dot com boom or the rise of certain technological developments, global business world experiences new flavours every few years. The current flavour that everyone seems to be lapping up is entrepreneurship. Numerous start-ups are mushrooming in different nooks and corners of the world and each of them come with umpteen possibilities of changing the world. From the outside, their world may look quite fascinating and dreamy, but once you scratch the surface a different picture emerges.
As compared to bigger organizations, small businesses and start-ups have a whole different set of challenges and issues that they need to tackle with. They have tighter pockets, lean margins and unpredictable issues that may crop on a daily basis. Till the time the company finds a steady momentum and a stable pace, it has to come up with innovative techniques to address the range of problems that prove to be speed-bumps along their way. In such a scenario, incorporating software solutions may seem outrageous, especially due to the myths surrounding them. Let us bust some of which surround HRMS.
Myths Surrounding HRMS for Small Businesses
Unfortunately, there are numerous myths surrounding every best online HRMS software solution. These very myths induce a factor of fear in every small business’s owner mind when they are advised to consider them. Let us look at three such myths which prevent many small businesses to keep away from them, when in fact they should be seriously considering when and how to implement such solutions into their businesses.
Myth 1: An HRMS solution is way too expensive for me to afford.
The thumb rule of any small business in its initial stages is to cut down costs wherever possible and invest it in a team who can help build the company. While the thought cannot be faulted, there is serious harm in thinking that a software solution such as HR-One’s HRMS would bring more harm than good! Agreed, there was a time when implementing HRMS was a costly affair and it took a really long time to do that. However, times are changing and now there are various HRMS solutions that cater to the small businesses too. There are different versions available such as basic, followed by stages of higher levels. Select the basic one for starters and update as the company grows. Don’t let ‘expensive’ scare you off as the HRMS market is growing to be multi-dimensional offering different services to businesses of different sizes.
Myth 2: Our team is too small to need HRMS
Yes, your team may be small NOW. But do you really intend to keep the team that small in the future as well? If the answer is a resounding no, then you should seriously consider having HRMS right from the beginning. Gone are the days when only big companies with humongous teams could milk the benefits of the best online HRMS software solution. As a small business, would you rather have a team of people working day in and day out on maintaining the HR data, spreadsheets, reports and other such tasks or would you prefer if HRMS takes care of all that while the same team can work on business strategies and ideas to develop and grow the company! When the team is small, it becomes even more important that they spend their time on something meaningful rather than waste time in churning out reports that HRMS can take care of!
Myth 3: HRMS needs an IT staff to function properly
If you listen carefully, you just might hear a ‘buzzer for the wrong answer’ going off somewhere every time this statement is made. This myth needs to be busted and fast! Many solutions including HR-One’s HRMS solution come under the current generation of the HRMS which offer great flexibility and expertise to the small businesses, while eliminating the need of IT staff completely. The vendors can provide the IT assistance if necessary but most of the tasks can be executed by the existing team due to the simplicity of the design.
Now that the myths are busted, don’t second guess if your small business needs HRMS or not. The answer is yes. So, just go for it!