5 HR Tools to Foster Every Stage of Employee Life Cycle

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One thing the pandemic did good for every professional is that it allowed them to pause and clean some old mess. From safety protocols to qualitative elements, HR managers pulled many strings to maintain productivity and retain the workforce. And, when it comes to getting things right in an organization, you need to have end-to-end flawlessness. To foster every stage of the employee life cycle during these unprecedented times, here are 5 great HR tools. 

ALSO READ: Josh Bersin’s View on HR’s Role and Future of Work

Recruitment Tool

A full-fledged HR recruitment tool can save a lot of time for the human resources team. Hiring a candidate requires tons of paperwork and processing. On the contrary, HR recruitment applications make it utterly easy to perform various tasks. From posting about job vacancies to candidate selection, new recruitment solutions can easily manage all in a single dashboard. 

Also, some recruitment solutions are coupled with the features of onboarding. Any new joining requires the exchange of highly crucial and discreet information. These HR tools can go way farther in making that a great success. To foster the starting phase of employment, this is a great investment.

Performance and Recognition Tool

Once the onboarding is done, your HR will want to track the performance of candidates. Evaluation of KPIs of each member for any organization requires a lot of budgeting and assessment. The task gets more challenging if the employee count is high. Since appraisals are associated, attaining perfection is another great hurdle to overcome. And while your HR will be busy with everything, it will take weeks or months more than the deadline by the time everything gets done. 

A performance and recognition tool can easily manage this. The strategy of maintaining regular tracking of performance and recognition cannot be done best unless it is a performance and recognition HR tool you are using. 

Learning Tool

Employees come with their own sets of skills. However, every organization trains them to achieve more. Moreover, every working professional wants to upgrade her/his competencies. 

This is where a learning tool comes in handy. Today, learning software applications don’t just come with lots of courses in-built, but they offer a lot more. You can use this HR tool to track how much time you are spending, get suggestions for relevant courses, build a network, etc. 

Payroll Tools

Usually the most important one, a payroll tool manages the remuneration part. The tool is important because it needs to ensure that the cost to the company for each employee is calculated correctly. 

The compensation administrator also uses payroll tools to calculate taxes, manage attendance, and synchronize reimbursements. 

Today, every organization relies on some kind of payroll tool to aid its financial team in their expenses and budget planning.

Exit Management Tools

Similar to onboarding or recruiting, it requires a lot of calculation and processing when an employee decides to quit. It is at that point you understand the role of HR and the great deal of responsibilities you endow on them. To ensure a smooth exit, an exit management software works like a godsend. These HR tools offer easy execution of functions related to resignation submission, resignation approvals, NOC (No Objection Certificate), and other formal letters of relieving and experience.

 

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