Human Resources Management Software in Bangladesh

When you have a business or plan to open a business in Bangladesh then you need to have the best human resources management software (HRM Software) in Bangladesh. You probably heard of using an HRM Software being used in businesses. Human Resources Management Software has become an integral part of a business or an organization. So, you need the best HRM Software for your HR management works of your business to be done fast, accurate, securely and smartly.   But what is the best HRM Software in Bangladesh? None can argue that PiHR is the best HRM software in Bangladesh in any criteria. But before explaining why PiHR is the best HRM Software in Bangladesh, let’s dive into exploring more about what really is an HR software? Do you, actually, need HR software? What purpose can it serve to your business management?

So, what is Human Resources Management Software aka HRM Software?

Basically, what an HRM software does is manage and optimize the periodic human resource tasks and the overall HR target of an organization or a business with a digitalized solution. A Human Resource Management software makes it easy for businesses by allocating time and resources to the associates, managers and staff. Which ends up being more productive and profitable for business and in the meantime a very mannered schedule for managers and staff. Human Resource Management is not a new addition to businesses. It goes back to 1833 when the first HRM was introduced to the business by Seebohm Rowntree. Back then human resource management was done in jotting on papers. From there HRM has come a long way and now it integrated the beneficially of computer to itself. In the 1970s, the use of computers to do human resource work was introduced. Before coming of web-based software in the 1990s, human resource management with computers has already been popular among enterprise clients and big industries or businesses. Now that cloud-based computer software has emerged in the world of information technologies as well as businesses, human resource management also adopted this facility. Nowadays, HRM Software is not only for big enterprises or organizations. Small businesses, organizations, individuals now integrate their processes to an HRM Software to do the data management, and execution of their goals, needs, targets with balancing the budget.

Ok, But What HRM Software Can Do for My Business?

If you have ever encountered any official work, owned your business or more or less associated with any type of organization then you probably have felt the necessity of using human resource management. In a typical system, these human resource works have been done on papers. But technologies have advanced, so does the human resource management system. Now human resource management is done with software. This HRM software is cloud-based. So, the opportunities to improve HR management are endless. Typically, HRM software automates all the manual works of an organization’s human resource and generates a more advanced data-driven report. As these works are done in computers and software, there is no need for paper anymore. Human Resource Management software can also serve an organization (it’s employees and managers) with time tracking, progress tracking, performance checking, staff scheduling and so on. Apart from the generic factors of HRM Software, there are some other functions that HRM Software can go up to. Such as:

1. Organizing Employee Data
2. Recruiting Automation
3. Automatic Interviewing
4. Storing Data Securely
5. Employee Satisfaction Tracking
6. Performance and Goal Tracking
7. Service Time Tracking
8. Administration and Management
9. Live Monitoring (Cloud-based Only)
10. Employee Training Tracking
11. Employee Development Tracking
12. Generating Reports with Custom Filter
13. Analyzing Data

But How My Business Will Be Benefited from HRM Software?

To answer this question in one line is. “Your business will be benefited in all the way possible from an HRM software.”  The core strength of an HRM software is to assist you with reducing the time spent on manual, low- impact repetitive HR works. With using an HRM software, HR officers of an organization can focus on other important HR work which will help your business with performance and efficiency-boosting in the long run. Other than these major benefits you will get from an HRM Software, some others are:

1. Planning Improvement
2. Error Reducing
3. Improved Documents and Data
4. Accurate Analytics
5. Keeping Up with Regulations
6. Continuous Feedback

Hmm, What Features Should Be in An HRM Software?

There are tons of features there in human resource management software. It varies from software to software. But the basic and some code features should be implemented in an HRM software to really assist an organization’s HR management. Such as:

1. Human Resources Information Systems (HRIS)

Personal information, job history, tax details, bank details, salary details, performance, disciplinary performance, off time, insurance plan and other important custom fields should be in the directory of an HRM Software. This will make it easy for you to keep track of your employee overall performance. A cloud-based HRM Software can provide a self-service solution for employees so that they can enter their on-filed or any live work and you can monitor it from whenever and wherever you want and also can give your input live. To take notes about human resources information systems (HRIS) of an HRM Software you can go through below:

1. Employee Self-Service Solution
2. Employee Data Records
3. Job History
4. Salary Details
5. Disciplinary History
6. Insurance
7. Bank Details
8. Tax Details
9. Off Time Record

2. Work Time and Attendance Management HRM software needs to keep track of employees’ work time and importantly, their attendance. To keep records of the work time of an employee, HRM software must be functional to ensure the accuracy report generating with the data it has been fed. such as, holiday, personal leave, sick leave, schedule changing, shift changing, overtime working, maternity leave, paternity leave, absences, emergency leave. Moreover, a huge responsibility remains on an HRM software is to generate payroll based on the time sheets of each individual employee. At a glance:

1. Time Tracking
2. Salary Generating
3. Overtime Tracking
4. Paid Time OFF
5. Absence Management
6. Time Reporting
7. Biometrics
8. Leave Management
9. Holiday Counting

3. Financial Management One of the key responsibilities of a human resource management software is financial management. This is the most integral part of the human resource department in which the whole payroll depends on. With the help of HRM software, a business can ensure if its employees are properly treated financially. More than one function of human resource management is related to financial management such as base salary, bonus, commission, incentive, commissions and various factors.

1. Compensation
2. Reward
3. Salary Management
4. Employee Bonus
5. Performance Recognition

4. Talent Management Job offer posting, candidate interviewing and decision making is not everything an ideal HRM Software would do. There are some other employee responsibilities that HRM software should take and talent management is one of them. Performance assessments of a hired employee should be generated based on employee productivity and customer satisfaction. Depending on that assessment you can actually get the idea of how your employees are doing. The HRM Software will give you visual reports of how an employee is performing based on the performance feedback. Top points an HRM software should cover on Talent Management are:

1. Competency Tests
2. Employee Performance
3. Customer Feedback
4. Received Reviews
5. Behavioral Test
6. Key Performance Indicators (KPI)

5. Accounting Financial planning and invoice management promoting is an important feature of an ideal human resource management software. These reports will help to make future budgeting and financial planning of an organization. With the data analysis, an HRM software will provide the most accurate and effective budgeting for a business. It will also predict coming to the financial situation of the business. Moreover, an human resource management software will simplify billing, budgeting, and predicting with the powerful accounting feature.

1. Budgeting
2. Accounting
3. Forecasting
4. Billing
5. Automated Accounts Payable (AP)
6. Automated Accounts Receivable (AR)

6. Technical Features As mentioned earlier, the opportunities are endless with human resource management software. Apart from the basic features there can be some other additional technical features also introduce to an HRM software. These features increase the usability and user experience of an human resource management. Some typical technical features that are more or less important for and HRM software are:

1. Mobile Applications
2. Security
3. User Support
4. Compliance Management
5. Maintenance

Ok I Am Convinced, But What Is the Best HR Software?

There are tons of features there in human resource management software. It varies from software to software. But the basic and some code features should be implemented in an HRM software to really assist an organization’s HR management. Such as:

Oh! But Why PiHR Is the Best HR Software in Bangladesh?

Expense Management, Payroll Management, Tax Calculation, Branch Monitoring, Attendance Monitoring, Culture Building, Cloud Support, Employee Nurturing, Security, you name the feature & you will find PiHR already have that.

1. Employee Tracking System: Personal information, job history, tax details, bank details, salary details, performance, disciplinary performance, off time, insurance plan and other important custom fields should be in the directory of an HRM Software. This will make it easy for you to keep track of your employee overall performance. A cloud-based HRM Software can provide a self-service solution for employees so that they can enter their on-filed or any live work and you can monitor it from whenever and wherever you want and also can give your input live. To take notes about human resources information systems (HRIS) of an HRM Software you can go through below:

2. Recruiting: PiHR will help you hire the best and most suitable people for each post of your business. A difficult job made easy with PiHR additions with attracting the top talents of the predetermined posts. With the digitalized recruiting solutions with advanced analytical reports, it’s no wonder that PiHR is the best HR Management Software in Bangladesh.

3. Culture Building: PiHR will help you to create a work environment of your own and that will be your key to the stairways of your success. Because building a strong work culture in the business team is the most important thing to keep in mind for an employee morale boost.

4. Employee Task Management: The most crucial part of the employee tracking system is employee task management. On which you are getting the full support from PiHR by creating tasks for employees, defining task responsibilities, generating reports and monitoring the employee tasks.

5. Top-Notch Security: PiHR never compromises with security, which makes it the best HR Software in Bangladesh. Typical HR software forgets about this strong and core feature while they busy with advertising their colorful marketing. You will have the access to giving restrictions of access on a particular employee while PiHR storing all your data in secure servers.

6. Attendance, Leave and Absence Tracking: Keeping track of your employee’s leave, absences, holidays, schedule changing, shift changing, overtime working, personal leave, maternity leave, paternity, sick leave and emergency leave has never been easier. With PiHR you are about to get the best experience of attendance, leave and absence tracking with reports and salary generation from the satisfaction of those criteria.

7. Salary Calculation: The most advanced salary calculation with the introduction of on click salary generating from analytics of various factors, PiHR has revolutionized the HR Software in Bangladesh. The analytic data that helps to generate salary analyzed various facts like attendance, time, leave, absence, hourly worker, overtime working, shift changing and custom fields given by the company or organization’s administrations.

8. The Complete Payroll System: No one likes to waste hours after hours on generating payroll. PiHR has introduced the easiest, the smartest and the fastest payroll system to do the payroll of your organizations within a minus. It also compatibles with payroll taxes. Some beneficial facts about the PiHR’s payroll solution

9. Payroll Taxes: With everything you run a payroll, PiHR will automatically calculate taxes for your employees with the guidelines, rules and regulations implemented by The National Board of Revenue (NBR)

10. Integrated System: With error-free payroll solution, PiHR offering you a cloud-based monitoring feature. You will love the real-time monitoring of your system from anywhere and at any time you wish.

11. Accuracy: PiHR guarantees the 100% accurate payroll solution based on what data it would be fed to make your peace of mind. This feature makes PiHR the undisputed and the best HR Software in Bangladesh.

Since the start of the 20 th century, Human Resource Management software is being implemented on businesses or organizations, regardless of their size and operation. It has been an integral part of the organization to make the HR work more smooth, fast and error-free. So, if you wish to utilize the benefits of HRM software and want to experience the best HR Software in Bangladesh, then you can get the PiHR Solution with your eyes closed.