HRMS Employees are the real asset

Overview

Most organizations have the perception that they cannot afford to provide benefits to their employees. But not offering good benefits to the employees may lead to de-motivation in employees work interest and can lead an organization to loss or lowered productivity.

The route to success for each organization depends upon the employees of the organization. Employees are the real assets to the organization and they need to be highly motivated by any means. Employees should get the right kind of treatment and should be allowed to live in a flexible working environment whereby they can be more productive.

A flexible working environment will also allow the employees to perform their tasks more effectively, resulting in benefits for the company they are working in.

An employee can be motivated if he is handled systematically by providing him the benefits he deserves. The organization should motivate their employees to achieve goals for them. But how can this happen? The answer to this question lies within the organization itself; organizations should provide benefits to their employees so that they can give their best.
Indeed, employees are the real assets of the company. They bring in business and they can grow in their careers by enhancing their skills and gaining knowledge that will be beneficial for them as well as for the organization.

What Employees Want?

Other than monetary rewards, an employee is always in search of various kinds of benefits that he may get from his organization.

An employee faces a lot of challenges and issues in the organization. This is the sole reason why some employees quit their jobs. It is always said that a satisfied employee always puts twice the effort into his work for the organization, resulting in twice the business. That is the reason organizations should think of giving various kinds of benefits to their employees as a token of their appreciation. If the employee is satisfied with the organization, then he will be more productive in achieving the organization’s goals.

Companies provide various kinds of benefits to their employees. These benefits are the basis of services which employers provide to their employees for services rendered. These benefits encourage the employees to work hard for their organization. It may also lead to employee job satisfaction.

Not necessarily every employee would be eligible to receive these benefits. There are some employees who might not deserve any benefit. A company cannot afford to provide benefits to every employee as every employee has their own set of capabilities. If a company starts providing benefits to every employee then they are done for! A criteria or an expectation level has to be set by the company whereby whichever employees meet, fulfill, or surpass those expectations and requirements will be the employees who are provided with benefits.

Employee always looks forward with an organization in which he feels secure and satisfied with his work. If at any point he is not feeling secure and satisfied he may leave the organization. The organization should also be proactive in providing employee benefits so that talented employees can be retained and can be useful in achieving organizational objectives. Otherwise, the company has to spend time and money on training a new employee and ensuring that employee understands his new company, position and goals.

Engaged Employees are Always Productive

An engaged employee is the person who is very enthusiastic and devoted towards his work and proves to be an important weapon for the organization. Devoted employees always care for the future of the organization and give their best in achieving the goals for the organization. Employees have an emotional bond with the organization that is the main reason the retention rate and productivity is always high in organizations. An employee’s performance can be effected by and judged on the majority of the following grounds:-

Emotional Bonding:
According to a research conducted by “Scarlett Surveys” only 31% of the employees are engaged in their jobs. These employees are very productive and have an emotional bonding with the organization through which the employee helps the organization move forward. Even though this is a very important factor to employee productivity it is not easy to judge.

Commitment:
As per the survey employees showing high commitment level perform 20% better than the rest and are less likely to quit their employment. Employees should always make commitments towards their work and accordingly perform for achieving those goals for it.

Productivity:
A study conducted by “Hay Group” found out that 43% of engaged employees are more productive than the non-engaged employees. Similarly job satisfaction is related to productivity of the employees. How productive an employee is depends upon hoe satisfied he is with his job. This will vary by employee. An Employee is Always in Search of…

An employee is always looking for the benefits that he may get from his organization. It may be monetary or non-monetary benefits.

Medical Benefits:
Medical benefits cover the overall cost of physicians, surgeons and prescription fees which can be offered to an employee. The medical benefits may cover all aspects like dental, life, vision and health insurance.

Fringe Benefits:
Fringe benefits are the non-monetary benefits which are provided to employees. It may include employee recognition, awards given to the employees based on their performance, tuition reimbursement and so on. It can be a unique technique for retaining talented employees.

Flexible Spending Accounts:
These are accounts which don’t have federal or social security tax on them. Employees can save their money in these accounts and use it cover their care expenses which normally come out of their pockets

Eventual Outcome from Benefits
After providing many benefits to the employees, an employee will perform better for the organization. He will be more productive due to a higher level of motivation.

The employee's confidence level will rise and he will be more willing to work.
He would be more satisfied with his job.
He will contribute more to achieving the goals of the organization.
He would be a loyal and honest employee for the organization.

As per the recent study conducted by "SHRM" - Society for Human Resource Management, fifty-three percent of the employees have voted that employee benefits are a very important aspect for their job satisfaction where as on the other hand only one percent of employees felt it was very unimportant.

An employee's benefits greatly contribute to the employee's job satisfaction. Benefits tend to be much more important in larger organizations as compared to smaller organizations.

HR managers use these tools to retain their talented employees under existing business conditions.

Finding an appropriate benefit package for the workforce is highly challenging for the HR managers due to the high cost of providing benefits.
Why Business Pointers’ HRMS?
Human Resource Management Systems are vital to any organization and its importance is increasing daily as the world moves towards digitization.

HRMS is a cost effective and time saving technique for the HR Department. HR managers keep records of how employees are performing, if they facing any problem or if they are bored with their work in the HRMS system. They can use this information to help create a favorable work atmosphere and retain talented employees by providing them with the benefits they deserve.

HR managers can manage the employee benefits with the Business Pointers HRMS application. The above picture gives a clear scenario of all the benefits included in our application, so that HR manager does not have to search through files to find out what employee is provided which benefits. It allows the user to generate a benefit report which will give a clear picture of what benefits are provided to employees and it is beneficial for both the HR manager and the employee to whom benefits are provided.

Business Pointer HRMS application is developed by keeping in mind the employees so that the employees also have access to check their benefits that are provided to them, so that it does not create any conflict between employees and the organization leading to lose of talent.

Business Pointers Human Resource System (BP HRMS) is designed to integrate with your current application; whether it is an on-premise or an on-cloud solution.
With the BP HRMS application HR managers can maintain a record of the benefits provided to each employee. In case of emergencies, the organization can quickly view the employee’s benefit records and can take necessary action according it.

It might look like a lengthy process but with Business Pointers’ HRMS a HR department can manage the lengthy process in a simple, yet effective way.

Adding benefits for new employees and editing the benefits for the existing employees has become extremely easy with Business Pointers’ HRMS. On the other hand, the HRMS application also has some other modules which are specially designed for the employees like employee self service (ESS). In ESS the employee can check his records, leave and attendance, pay check history and so on. The HRMS application also integrates with our other ERP Systems like customer relationship management, order management and so on.

Business Pointers is a key to success for all the organization for simplifying the processes related to ERP and manages their organization in a simple and effective way.

Business Pointers, Incorporated
Website: www.business-pointers.com
Address: 12020 Sunrise Valley Drive Suite 104 Reston, VA 20191, Tel: 1-(703)-723-9979

Email: info@business-pointers.com