What to Look for in an HR and Payroll Solution for SMBs
Are you looking for the best HR and payroll solution for your needs? There are a ton of options right now exploding on to the market.
So how do you know which HR and payroll software to choose? And which key factors should you consider for your SMB? You won’t go wrong with the three-point criteria we’ve outlined for you below.
But before that…
5 Quick Tips to Keep in Mind When Evaluating HR and Payroll Software
Are you ready to start putting vendors under the microscope? Hold on! First, you should have a strategy in place. A strategy will allow you to evaluate each potential vendor fairly and evenly. Here’s our recommended approach:
- Create your HR and payroll solution wishlist. Define your company’s biggest wants, needs, and challenges.
- Gather your HR payroll solutions evaluation team. Include staff from HR, finance, and IT, along with any other staff who will be using the software.
- Draw up your vendor shortlist. Note down any payroll software companies that stand out to you. You can explore them further as you continue your search.
- View demos. There’s nothing like seeing software in action to truly assess its capabilities. Ask each vendor to show you an actual use case from your company.
- Read online reviews. Find reviews and case studies from other HR solutions payroll users. You’ll often find customer success stories on the vendor’s website.
Now here’s that three-point criteria:
Onboarding
Onboarding can significantly impact your employee’s impression of your company, both in the short-term and long-term. So it’s something you want to get right after taking the time to recruit them in the first place. The process includes scheduling their orientation, issuing them with a keycard, and so on.
You should look for HR software that integrates the onboarding process with IT and other systems. These systems help to incorporate the new employee into your working day. Ideally, your HR payroll software will also generate contracts and other documents with a single click.
Payroll
Your employees will be expected to be paid the right amount, on time, and preferably by a payment method that doesn’t take too long to reach them. Your HR payroll software should perform these tasks at a bare minimum.
Going further than that, your perfect HR and payroll solution would integrate with a tool that tracks attendance and hours worked. This would allow it to work out the amount owed at the click of a button.
Compliance
HR is responsible for ensuring your company complies with any employment regulations. Your HR and payroll solution should provide multiple tools to monitor those business practices with potential legal implications and any paperwork requested by governments.
Choosing the Right HR and Payroll Solution
The right HR and payroll solution provides many advantages for your company and HR team. Its overall ability to automate processes saves you valuable resources and can ultimately make a positive difference to your business’ overall success. In short, HR and payroll software for small businesses can be a lifesaver.
Let’s quickly recap the main benefits of HR and payroll solutions:
HR and Payroll Software:
- Reduces paperwork
- Quickly calculates payroll and deductions
- Automates reporting features
- Improves regulatory compliance
- Integrates with popular third-party platforms and tools
Keep the above tips in mind when choosing payroll management software for your HR and finance teams. You’ll make their jobs easier in the process. Increased automation and happy employees can boost one very important goal of your company - and that’s the bottom line!
About Onfolk
Onfolk is a payroll company software that offers HR software with payroll integrated to it in order to minimise the amount of admin involved with paying your team and managing their data.
Think effective payroll automation, allowing to run payroll in the UK in a matter of minutes. It is also an official HMRC payroll software, meaning all HMRC reporting is done automatically for you every month. If you’re familiar with Gusto in the US, Onfolk is exactly that for the UK.
Our customers’ favourite features include:
- 90% automated payroll every month
- Full GDPR compliance, with all employee and payroll data encrypted and securely stored in the cloud
- HRIS synced with payroll - specialised in small business payroll software
- Time off management and annual leave calculations included
- Automated onboarding and offboarding
- Pensions fully integrated with Nest, Smart Pensions and more
- Integrations with accounting softwares such as Xero and Quickbooks
- People insights, custom reports and org charts come built in
What to Look for in an HR and Payroll Solution for SMBs
Are you looking for the best HR and payroll solution for your needs? There are a ton of options right now exploding on to the market.
So how do you know which HR and payroll software to choose? And which key factors should you consider for your SMB? You won’t go wrong with the three-point criteria we’ve outlined for you below.
But before that…
5 Quick Tips to Keep in Mind When Evaluating HR and Payroll Software
Are you ready to start putting vendors under the microscope? Hold on! First, you should have a strategy in place. A strategy will allow you to evaluate each potential vendor fairly and evenly. Here’s our recommended approach:
- Create your HR and payroll solution wishlist. Define your company’s biggest wants, needs, and challenges.
- Gather your HR payroll solutions evaluation team. Include staff from HR, finance, and IT, along with any other staff who will be using the software.
- Draw up your vendor shortlist. Note down any payroll software companies that stand out to you. You can explore them further as you continue your search.
- View demos. There’s nothing like seeing software in action to truly assess its capabilities. Ask each vendor to show you an actual use case from your company.
- Read online reviews. Find reviews and case studies from other HR solutions payroll users. You’ll often find customer success stories on the vendor’s website.
Now here’s that three-point criteria:
Onboarding
Onboarding can significantly impact your employee’s impression of your company, both in the short-term and long-term. So it’s something you want to get right after taking the time to recruit them in the first place. The process includes scheduling their orientation, issuing them with a keycard, and so on.
You should look for HR software that integrates the onboarding process with IT and other systems. These systems help to incorporate the new employee into your working day. Ideally, your HR payroll software will also generate contracts and other documents with a single click.
Payroll
Your employees will be expected to be paid the right amount, on time, and preferably by a payment method that doesn’t take too long to reach them. Your HR payroll software should perform these tasks at a bare minimum.
Going further than that, your perfect HR and payroll solution would integrate with a tool that tracks attendance and hours worked. This would allow it to work out the amount owed at the click of a button.
Compliance
HR is responsible for ensuring your company complies with any employment regulations. Your HR and payroll solution should provide multiple tools to monitor those business practices with potential legal implications and any paperwork requested by governments.
Choosing the Right HR and Payroll Solution
The right HR and payroll solution provides many advantages for your company and HR team. Its overall ability to automate processes saves you valuable resources and can ultimately make a positive difference to your business’ overall success. In short, HR and payroll software for small businesses can be a lifesaver.
Let’s quickly recap the main benefits of HR and payroll solutions:
HR and Payroll Software:
- Reduces paperwork
- Quickly calculates payroll and deductions
- Automates reporting features
- Improves regulatory compliance
- Integrates with popular third-party platforms and tools
Keep the above tips in mind when choosing payroll management software for your HR and finance teams. You’ll make their jobs easier in the process. Increased automation and happy employees can boost one very important goal of your company - and that’s the bottom line!
About Onfolk
Onfolk is a payroll company software that offers HR software with payroll integrated to it in order to minimise the amount of admin involved with paying your team and managing their data.
Think effective payroll automation, allowing to run payroll in the UK in a matter of minutes. It is also an official HMRC payroll software, meaning all HMRC reporting is done automatically for you every month. If you’re familiar with Gusto in the US, Onfolk is exactly that for the UK.
Our customers’ favourite features include:
- 90% automated payroll every month
- Full GDPR compliance, with all employee and payroll data encrypted and securely stored in the cloud
- HRIS synced with payroll - specialised in small business payroll software
- Time off management and annual leave calculations included
- Automated onboarding and offboarding
- Pensions fully integrated with Nest, Smart Pensions and more
- Integrations with accounting softwares such as Xero and Quickbooks
- People insights, custom reports and org charts come built in
