Why do I need HRM package?
From a current statistical analysis it was determined
that the cost of HR administration ranges from anything between 400US$
to a staggering 3003US$ per employee per annum, it is often perceived
as a costly and onerous burden on the organization.
However, the HR function
has the ability to be an important and integral part of the business.
To achieve this potential, HR must look to streamline day-to-day routines
and provide a service that truly meets the growing needs of the employees.
As demands on the HR function are increasing, it becomes all the more
important for the organization to have such a package which shall be of great help
in anticipating this ever growing demand. Payroll an another integral
part of the HR function plays a very vital role in its totality. In the
absence of such a package we might come across mistakes in our payslips
which might be in our favor, but it is a different story for the company concerned.
Thus, salary is obviously one way to motivate and retain staff, but it
has to be done properly. Otherwise not only does the company in question
risk undermining an employee’s confidence and trust in their
employer, but the business itself is in danger of making a serious dent
in its cash flow.