If you’re researching which payroll solution is right for your business this is where you want to start. From payroll software, all-in-one HR software, payroll services, in-house staff, payroll processors, or professional employer organizations, when it comes to payroll solutions, you’re not short on options.
In our newest eBook, Payroll Solutions: Finding the Best Fit, you’ll find a round-up of the six most common and why they may or may not be the best fit for your company.
We will be posting individual sections of this eBook here on our blog over the coming weeks, starting yesterday with our section on payroll software, and continuing today with our section on all-in-one HR software!
If you would like to see the whole thing, you can read it here, and even download it as a free PDF!
All-In-One HR Software
There are many great all-in-one HR software solutions (also commonly called Core HR software) out there right now.
These offer a wide variety of HR solutions to tackle various core HR needs you may have, including payroll. This kind of flexibility and versatility can be incredibly attractive if you are looking for an inexpensive and versatile option for a variety of situations.
Having all your employee data in one place is very convenient and can help your business glean new insights into how to better operate when it comes to Human Resources. Empowering your employees to be able to access and manage their information related to pay, leave, and benefits is a huge benefit to them. There are many advantages these all-in-one platforms offer a company from a technology and data standpoint.
However, much like payroll-specific software, these all-in-one HR software platforms unfortunately lack one of the most important factors in all areas of human resources, including payroll: the specific knowledge and expertise that can only be provided by an actual human who is an expert in this area. After all, it’s very hard to take the human out of HR all together. Payroll is no different.
What if you went to the dentist and after they took x-rays of your teeth, they show you a few areas of concern. Then, instead of offering treatment or suggested procedures they wish you well and send you on your way, leaving your to fix the problem yourself or find someone else to help you. A similar situation can happen when relying solely on software for your HR needs.
It may help you diagnose issues (through automated algorithms and built in rules), but who is going to help you remedy those issues? Who will guide you as you work through the challenges step by step in a way that is right for your unique business?
By choosing to take this software route for your payroll, you are also guaranteeing that either you or someone in your company will end up dedicating a portion of your time toward using the software. If this fits with your vision for your company, then these tools can be a fantastic aid in that. However, you should absolutely consider the time, effort, and energy that you will be spending on this process before spending money on one of these platforms.
Who All-In-One HR Software is Great For:
- Someone with a tight budget.
- Small business owners with a variety of HR needs and with enough personal experience with HR issues to fully utilize the software’s versatility.
- Someone looking to give their employees easy access to their information, such as pay, leave, and benefits.
- A small business with 5-200 employees that have internal HR specialists to support the software.
Who All-In-One HR Software is Not Great For:
- Someone with the budget for a more robust payroll solution.
- Someone lacking in personal experience, looking for expert advice and support for HR issues from an actual human.
- A small business owner looking specifically for a payroll solution and does not need the other HR solutions offered by this software.
- A small business with less than 5 employees and/or larger companies without in-house HR personnel to manage the software.