Investing in cloud accounting software, human resource management platforms, time trackers, and social media management tools can take your business to new heights. These tools empower an entrepreneur to make significant strides using minimal efforts. Save valuable time and sanity and take your business to the next level with these five HR Tech solutions.
Five Helpful HR Tech Solutions
Cloud Accounting Software
Business owners are now using cloud accounting tools to track their income and spending. Cloud accounting apps such as Wave include accounting, payroll, invoicing, and payment solutions. Some of these apps are free for entrepreneurs and allows you to work with a maximum of nine or fewer employees. Cloud accounting apps eliminate the need for manual entry by linking your transactions to data sources such as Paypal and bank accounts. Moreover, cloud accounting software will allow you to generate professional reports including sales tax reports and balance sheet as quickly as possible. Cloud accounting software works seamlessly and syncs your payroll with your accounts automatically.
Social Media Management Tools
Tools such as Hootsuite help simplify social media management. These tools allow you to measure social media marketing ROI, schedule messages, manage networks, and interact with followers. Software developers are striving to design apps for small and medium-sized businesses. You can use social media management tools to manage up to 100 social profiles and monitor your efforts using enhanced analytics reports. As such, you can know what to tweak to improve the performance of your business. In fact, some social media management tools come with free trial versions to allow for testing before you make a purchase.
Collaboration Software
Project management programs take small businesses beyond traditional tasks with a suite of features that improve team collaboration. These HR tech apps combine project management with real-time analytics to facilitate document sharing and dynamic partnership. It allows you to keep tabs on your team’s deadlines and workload. Moreover, these solutions will enable you to align and set priorities for your employees and make sure they give their best. Whether your employees are working at a distance or in the next cubicle, project management software makes team collaboration a piece of cake. It is easier to track ad hoc assignments and projects from a centralized location. That helps improve planning and streamline communication. Besides improving project accountability, collaboration software ensures none of your opportunities slip through the crack.
Time Tracker
It can be challenging to track billable hours, especially when you’re working on a project that requires your team to hop from one phase to the next. Time tracking devices allow you to track your billable hours so that you never lose even a single minute. You could arrange the time by color code or tags for easy tracking. You could also set billable rates for different projects and use the dashboard to get an overview of your weekly or monthly productivity. Billable hours tracking devices are designed to help you get a quick overview of your team’s performance. You can integrate time trackers with various productivity apps.
Human Resource Management Apps
Cloud-based human resource management platforms allow your team to manage all their human resource needs. It could range from payroll, benefits of HR to compliance. HRIS software for small business enables the entrepreneur to set up new benefits such as commuter options, FSA, and HRA in just a click. You could also use cloud-based human resource management apps for pricing and insurance planning. These platforms also allow you to manage your worksite and assign tasks to the right professionals. You can use management retirement plan and casualty insurance such as 401k contribution for safeguarding the interests of your business. Human resource management software automates and consolidates all your benefits to create an enabling workplace.
It is easier for an entrepreneur to fall into the trap of thinking that they can handle everything by themselves. However, the occurrence of an inevitable client emergency can make it harder for your employees to control everything by themselves. For example, looming deadlines could get you as you strive to dig through stacks of files to retrieve old invoices. However, these five tools can help a business to alleviate these costly and time-consuming inefficiencies.