Good news! Employment in Malaysia is rising by 0.2% month-on-month. Streamlining recruitment is essential for businesses to take advantage of this trend. A good recruitment process is crucial for attracting top talent, maintaining a solid company culture, and protecting the company’s reputation. Adopting good HR software for recruitment can significantly benefit a company by reducing employee turnover, increasing productivity, and boosting morale.
Why Should You Have HR Software To Improve Recruitment Process?
Here are 5 main benefits of integrating HR software into your recruitment process:
Cost savings
- Recruiting: HR software can save businesses $416.21 (RM1941.21) per employee annually by automating job postings, resume screening, and interview scheduling. This reduces recruiting time and costs. Suitable hires stay longer, reducing replacement costs. HRD Corp uses cloud-based solutions to automate approvals for grant applications.
- Onboarding costs: HR software can help you streamline the onboarding process, saving you money on training and other expenses associated with bringing on new employees.
- Payroll costs: HR software can help you ensure that your payroll is accurate and on time, which can save you money on penalties and other fees.
- Compliance costs: HR software can help you stay compliant with complex employment laws and regulations, saving you money on fines and penalties.
Time savings
- Recruiting: HR software can help businesses in recruitment process by reducing hiring time by 14 days on average. It automates tasks like posting job openings, screening resumes, and scheduling interviews, freeing up HR teams to focus on more strategic tasks.
- Onboarding: HR software can streamline the onboarding process by automating tasks such as sending welcome emails, providing new employees with access to company resources, and scheduling training sessions. This can save your HR team a significant amount of time.
- Performance management: HR software can help you automate performance reviews and employment checkpoints such as probationary periods, saving your HR team a lot of time.
Effort Reduction
A study by Workday found that HR software can reduce the number of HR errors by an average of 50%. HR software can make it easier to post job openings, screen resumes, and schedule interviews. It can also automate processes such as onboarding, payroll, and performance management. This makes the hiring process more efficient for the HR team and managers, allowing them to focus their efforts on securing the best possible talent for the company.
Productivity Boost
HR software can help to boost the productivity of your HR team by freeing them up from time-consuming administrative tasks. This allows them to focus on more strategic tasks, such as developing and implementing HR policies and supporting employee engagement.
Morale Boost
As per a study by HR Cloud, implementing HR software can lead to a 12% increase in business employee satisfaction. HR software can help boost employee morale by simplifying HR tasks such as leave requests, grievance management, and payslip viewing. This can reduce stress and allow employees to concentrate on their work.
Choosing the right HR software can save time, effort, and costs while boosting productivity and morale.
Info-Tech’s HR software is a cloud-based provider with 20,000 business clients worldwide and over 1 million app downloads.
It offers features for onboarding, payroll processing, grievance handling, training management, and more. With a growing client base in Malaysia and dedicated local support, you can trust Info-Tech’s high-quality software and support.
For enquiries and interests, call us at +603 6050 0333 or email us at [email protected].