Small business owners wear many hats when running daily operations – especially when they are just starting to build their company. Their tasks include administrative work, client servicing, finance requirements and more.
One of the most tedious tasks of running a business is taking care of HR requirements. Unfortunately, your HR responsibilities don’t end when an applicant signs the employment contract. This part of the business plays an important role in keeping the company running smoothly on a daily basis. However, small businesses don’t always have the luxury of hiring a dedicated team member to focus on these tasks.
Fortunately, there are a lot of available resources to help small business owners with these functions without having to hire an HR manager. Below are 5 tools that you can use to be your own HR department.
1. Online Recruitment Tools
Online recruitment software organize a company’s hiring process by providing end-to-end solutions to their recruitment needs.
Features of online recruitment tools include being able to post job listings on multiple job boards, search for applicants that fit the company’s job description, review and rank candidates, schedule interviews and organize them based on the stage of their application. It also helps a company build a talent pipeline should a need to fill in a new role arises. All of which helps prevent a hiring manager from overlooking pending and ongoing applications.
While this tool helps in organizing the whole recruitment process, it is also important to have proper documentation and formalities once you get your new team member on board. Remember to accomplish all the necessary employee forms to help make employment agreements headache-free.
2. Online Payroll System
Using online payroll or accounting software is an efficient way to manage your employees’ compensation package in a timely manner. These tools are designed to help calculate monthly wages, apply deductions as necessary, file taxes, manage your accounts, and pay employees via direct bank deposits.
Employees are asked to fill out forms initially but once everything is set up, the tool will do most of the work moving forward, relieving an individual from accomplishing monthly recurring compensation tasks.
3. Employee Performance Review Software
One of the most important functions of HR is looking after an employee’s career growth in line with the quality of his performance within the company. The most effective way to do this is to conduct regular performance reviews with each employee to check if they are on track with the goals set from their last evaluation.
Small businesses can use performance review tools to help them keep track of their employees’ performance documents. It’s a helpful and efficient way to see agreed upon targets and career plans without having to dig through physical files that sometimes get lost in piles of other documents.
4. Time Tracking Tools
Time tracking tools help managers oversee the time being spent by employees and freelancers on each project, client or tasks so that it’s easier to calculate their time worked at the end of each month. This is particularly helpful in determining whether a particular client is profitable based on the numbers that an employee puts into the project when measured against the amount of money that the client brings into the company.
Other uses of time tracking tools include prioritizing and reprioritizing employee tasks based on current client requirements. It also gives managers great visibility when assigning new tasks and avoiding giving more work to employees who already have a lot on their plate as they can see the projects each team member is working on.
Time tracking tools can be used on the go and have mobile app versions making it easier for employees to record their hours anytime, anywhere.
5. Perks and Reward Tools
Particularly useful for output driven professions, an employee reward system works by scoring an individual’s performance, calculating “earned points” and rewarding them for their great work.
Employers can customize their rewards package and input prizes a team member is eligible to claim should they reach a specific number of points. While this tool is more of a nice-to-have instead of a must-have, it’s a unique tool companies can use when looking for ways to motivate and give back to their employees on a regular basis.
While double-hatting as an HR manager and juggling operational roles is a tedious task, taking advantage of available and easy-to-use HR tools online can significantly relieve an individual from juggling all of the different functions related to HR.
Most of these tools are designed to help individuals organize HR functions especially when handling recurring tasks. Once you are done with the initial stages of setting up these tools, they will do most of the work for you so you can focus on more important things such as scouting for new clients and bringing in more money to your business!