April 01, 2009 (NOIDA): CNNMoney.com a premium website for Business and Finance issues recently published a recommended list of HR management system for Small Business. Read this news at CNNMoney.com.Fahmida Y. Rashid, at CNNMoney.com says “Even small businesses can outgrow Excel spreadsheets to manage employee information. At a certain point, the paperwork for tracking payroll, benefits, and performance information becomes too unwieldy. Enter an HR management system.”
For small business owners who think that HR Software can be an expensive affair, she advises, “Despite the fancy acronyms, HRMS (Human Resource Management Systems) and HRIS (Human Resources Information Systems) software packages aren’t necessarily enterprise (read: “expensive”) applications with a confusing array of features. An HR system organizes recruitment, payroll, performance evaluations and benefits administration into a centralized system, but these applications can be simplified for small-business needs.”
The 5 effective HRMS Software that CNNMoney.com listed are: Ajiva’s SimpleHR , EmpXtrack Starter Edition, Microsoft Dynamics, Orange HRM and People-Trak HR. Each of these softwares has its unique advantage.
Comparing the recommended softwares, CNNMoney.com brought out: EmpXtrack Starter Edition, priced from $600, offers an employee database, payroll software, and a self-service module that allows employees to edit and view their information. A Web-based tool, EmpXtrack Starter Edition stores employee information such as job histories, organization charts, salary information, benefits and leave data. People-Trak HR starts off very affordably and becomes more expensive as you add additional staff and functionality. OrangeHRM is a flexible HR package that is available both as a hosted service and as an in-house solution. Ajiva’s SimpleHR is one of the least-expensive products around, SimpleHR stores salary history, benefits, performance reviews, training schedules, vacation dates and incident reports, in addition to basic personnel information. Microsoft’s Dynamics NAV (formerly Navision) and GP (formerly Great Plains) are full-featured, robust “enterprise resource planning” (ERP) packages with deep HR management functionality. But for a small firm, deploying Dynamics would be like swatting flies with a bulldozer.
When contacted for comments, EmpXtrack’s Chief Architect and President of Saigun technologies, Tushar Bhatia said, “It is a great honor to be recommended by a prestigious media platform like CNNMoney.com in United States. It is indeed a recognition of our team’s years of effort in making EmpXtrack both user friendly and cost effective . EmpXtrack’s user selectable options enable it to be equally suitable for both mid size business and large enterprises. Our wide range of product options cover an employee strength of 15 to 5000+ employees. We provide a solution for all HR functions and the same is offered both as a hosted service (S-a-a-S) & in-house version (perpetual license). The client can select modules & phase out their HR implementation plan to suit the budgets .”
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