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As competition continues to grow in the business environment, more and more companies realize that in order to be successful, they need to have an effective system that obtains the best talent, adequately rewards it and ensures its retention for the benefit of the company. In this regard, Human Resources (HR) software supports HR departments by assisting them in key areas such as recruitment and retention strategies, employee compensation, performance and rewards, payroll processing, and attendance and leave management.
At ITQlick we understand how important HR management is for a startup company looking for key talent that is affordable to drive their business, but at the same time needs an in-house system to effectively manage and reward its employees. We look to recommend the best HR solutions for startups by considering factors such as pricing, level of available functionality, software investment requirements, ROI, and scalability support, which is key to starting companies with a growth prospect. In this regard, we have reviewed a number of HR solutions and some of our best recommendations include the following.
1. Kronos Workforce Ready
Kronos Workforce Ready is a modular based application designed for smaller companies and startups that allows choosing only the modules they require. Additionally it is offered as a cloud based solution with a subscription service, and companies only pay for employees used, even if their number changes, making it economically beneficial to startups. The software addresses most of main HR features, such as time and attendance, leave management, human resources functions, and payroll management. Also Kronos Workforce Ready is mobile device access ready and provides a portfolio of its own timeclocks for attendance tracking, thus unifying the investment for startups under one solution.
2. Triton HR
Triton HR offers to handle all HR requirements of a startup company. It works on an outsourcing model wherein the entire HR requirement is handled by Triton HR, covering areas such as employee benefits, payroll, and major HR functions that include recruitment and compensation management, attendance tracking, and performance management. Triton HR also provides employee background verification and screening services, as well as skills validation. The software is offered as a cloud based solution which can adapt as the business grows and is a cost effective option for startups that are not interested in software technology investment, as well as a HR department setup that allows focusing on core business.
SuccessFactors is a SAP company that delivers a cloud based HR solution. Its main features include core HR functions, talent recruitment and retention, collaboration features, and workforce data analytics. It offers solutions tailored both for startups and small businesses with minimal features focused on core HR requirements, and options for scaling up to their medium and larger business offerings as the company grows. There is a free trial version available, and the setup and installation of the startup edition is estimated at only few hours. These features are beneficial for startup companies looking for a simple solution that they can start using quickly at a reasonable cost.
4. FinancialForce HCM
FinancialForce HCM is another cloud based solution that offers HR management, recruitment and talent management, time and attendance, as well as benefits and compensation review. The solution is built on the Salesforce.com platform which offers access via mobile device, as well as collaboration features through its Chatter social network platform. FinancialForce HCM offers startups a wide array of tailoring the solution to specific company needs by supporting easy integration with third party applications, options to build their own apps if required, or choosing from the App exchange library, and even easy customer driven product customization. There is also a clear growth path for startup companies, along with the important benefit of easy integration with the Salesforce suite of products in the future as the company grows.
Tribe HR is a NetSuite application that offers a cloud based solution with a free product trial. The product handles recruitment and talent management, core HR functions, and payroll service options. There are also employee self-service portals that allow tracking HR issues, social collaboration tools for employee and performance management, as well as integration with social networks for building employee engagement.
Tribe HR supports easy integration with third party applications and is designed to grow with a company’s requirements, making it well suited for a startup looking for rich functionality that can be expanded for adapting to changing business requirements.