A human resources information system is an electronic database that tracks employee data, pay rates, job descriptions, benefits packages and other information. This tool is crucial for processing large amounts of data with high accuracy, reducing costs, improving reporting quality and promoting efficient decision-making.
Having this kind of technology available can create more free time for other essential tasks that your employees need to focus on. Suitable HR software speeds up data collection, categorization, access and exchange. It can also lead to fewer repeated administrative mistakes, which can aid in lower organizational expenses. Your employees may enjoy enhanced concentration on other objectives and more independence in their work if they devote less time to analyzing and interpreting data information.
However, you must choose software that understands human resource operations, policies and procedures. Here are some elements you should consider when researching the best type of software for your university or school.
Human Resources and Payroll
Securing efficient HR and payroll software for schools and universities is especially helpful to stay on top of payments and expenses. Handling human resources tasks and payroll information with technology is beneficial in many ways. Easy-to-use payroll software that computes employees’ salaries correctly and protects private information will save you time and energy.
An automated system will also save money because you won’t need to entrust an experienced payroll professional with that information. An HR and payroll management system can provide you with multiple reports and attendance data, saving you plenty of manual processing time.
Ensuring efficiency with payroll plays an essential role in delivering a positive experience for employees. For example, you can avoid discrepancies when inputting payments if you accidentally pay an employee more or less than they expect. Payment delays can leave employees feeling frustrated and impatient.
A trustworthy software can help prevent issues like this and notify you of any significant payment changes. Your staff can be confident that they will get paid on time and have no direct deposit or timekeeping issues. With this benefit, your administrative employees can also spend time on other tasks that boost productivity and revenue for your university.
Calculating tax for your university can be time-consuming and tedious. Having reliable software that can take care of the data entry process for you can be very accommodating when meeting tax obligations. You can accurately manage tax returns, reporting and filing electronically, often minimizing the cost of compliance. HR systems are responsible for any compliance violations, but many have seen success with software programs that assist with monitoring and reporting. In one nationwide survey of HR organizations, 69% of respondents said these systems are beneficial in this process.
Tax planning and data management are essential for your university to comply with federal, local and state tax regulations. A financial software system automatically generates transactions to help with estimated payments and gives you insight into other beneficial information. Your tax technology will need to be accurate and up to date to prevent data collection errors.
Tax compliance software can also keep you updated on any changes in tax regulations regarding:
- Employment tax
- Income tax
- Sales tax
- Corporate tax
The built-in ability to stay abreast of complexities could be one of the reasons tax software is the most common preparation method for tax filing and returns.
Your employees are the most crucial part of your workplace and their access to various information sources can help them feel empowered. You must choose software for your university that allows you to develop programs and strategies that lead to solutions. Human resources information systems collect and store employee information in a database to help with decision-making, communication and worker involvement.
A benefit for team members could be software that includes self-service applications. This program would allow employees to access their HR data and directly handle specific questions and concerns. This school HR software could also further benefit employees with access to their performance management data and employee resource group platforms.
Software programs that allow employees to give their feedback, suggestions and concerns are beneficial to both employees and HR teams. Allowing employees to become involved in their work environment this way will provide the leadership team with actionable insight, leading to improved employee engagement.
The right type of software program for your university can also cultivate employee diversity. This technology may reduce the likelihood of gender discrimination and racial bias during the hiring or resume scanning process by only giving employers and HR teams access to necessary and relevant information of potential employees. Educating and training your employees on the software they will use can enhance employee productivity and prevent human error.
Nine out of 10 information security breaches result from human error. Software that uses system monitoring, surveillance techniques and breach detection can certify that sensitive employee or university information stays private. Effective data entry software should to accurately perform tasks and avoid inaccuracies. Predicting human error in software programming development can help promote detection ability for these issues.
Choosing the right financial software can minimize mistakes and enable you to verify information. Knowing the common causes of human error may assist software engineers in producing technology and management systems that can anticipate them.
Some examples of human error include:
- Accidentally omitting words or numbers
- Gaps in attention and memory
- Correctly interpreting and evaluating results
- System misconfiguration
- Missing information or unintentional deletion
- Inefficient communication during the information-gathering stage
Simplified, user-friendly software programs can help data entry stay relatively error-free.
Request a Demo for Nonprofit Solutions
MIP Fund Accounting can provide you with software that improves human resource management, integrated payroll, budgeting and advanced security. We offer a comprehensive, configurable system for financial management and informed decision-making. Our tools will help you with internal controls, management of government and grant funding and audit processing and reporting. We’ve also built our MIP nonprofit accounting solution with flexibility and accountability requirements.
Elevate the efficiency of your organization’s accounting system with customizable add-on modules to fit your needs. If you are looking for a trusted solution with built-in dashboards and reports, compliance and security, request a demo for a personal tour to see how we can help.