4 Key Features Your HR software should have in 2020

Last updated on October 3, 2022

At a stage when the market is getting more and more employee and candidate-driven, it is crucial for your business to use the best HR software to manage your employees well and keep their spirits high. But, in a market with every other vendor claiming to have the HR software loaded with features, it becomes quite perplexing for you to ascertain as to which HRMS software is the best in reality.

So, in this blog, we tell you the key features (other than the primary ones) that are easy to spot and can help you decide if the software you are planning to use or are using already is worth it or not in the year 2020. Let us begin!

• Insightful People Analytics-

There are companies who know that software has the power to tell them if the efforts they are making to keep their employees happy are going in the right direction or not. The same helps in taking the corrective measures or changing the strategy altogether.

The HR software that has this feature can help you achieve the following goals-

1. You can use the employee data to predict the trends for attrition, retention and more.
2. Make profiles creatively by identifying the characteristics of high performing employees.
3. See the forthcoming risks
4. Know the rate of individual/ team management and satisfaction.
5. Help employees excel in their career by carving a path and making the team high performing.

• Improved engagement management-

It will become hard for you to know the real reason for growing dissatisfaction in employees. If you want to improve the engagement of employees then you must deploy an HR software that can help you increase the engagement rate significantly. The features that it should have been listening tools, ease of use and use of gamification, conducting pulse surveys, tracking bonuses and appreciating efforts and more.

• Better employee review structure-
  There are many companies that still follow the bell curve method. Or get in the comparison game of analysing the employee performance with each other instead analyse each one of them against the set standards. So, it is essential to have a system that can review employees fairly and promote fair appraisals. This means that a blend of qualitative and quantitative rating works just right for them. An HRMS software that has features made with an approach in mind to promote continuous and 360-degree feedback phrases, is the right bet.

• Making gig economy a part of the software-
  The culture of having a distributed workforce, employees working from home, hiring more and more freelancers and the gig economy is on the rise. So, neglecting them and not making them a part of engagement activities isn’t a great call. This is why opt for HRMS software that has mobile application, geotracking, and payroll integration for them too!

Besides all of this, it is also necessary to ensure better security on cloud and rethink the way performance and team management is done.