As the Human Capital Management (HCM) market is predicted to reach $22 billion in 2023, the rise of automated HRMS solutions has become a topic of global interest.
by Kumar Mayank, CEO & Founder, Zimyo
The traditional HRTech methods are witnessing severe changes and rapid growth. Although the transformation was already in process, the pandemic, hybrid work culture, and evolving employee expectations have accelerated the entire process.
Consequently, the digital revolution of HR is taking place. Organizations, across the globe, are seeking automation, integration, and end-to-end solutions to stay ahead of the competition. The transformation is not only changing work patterns but also the entire business landscape. Recruitment, onboarding, employee engagement, talent retention - every HR process is evolving for the better.
The HRTech Revolution
As the Human Capital Management (HCM) market is predicted to reach $22 billion in 2023, the rise of automated HRMS solutions has become a topic of global interest. Everything from recruitment, onboarding, and payroll to training, goal setting & tracking, and performance management, is being handled through automated solutions.
Automated HR and Payroll tools efficiently manage payroll processing along with employee documents & benefits. This not only saves valuable time but also enables HR teams to focus on more business-critical tasks.
Moreover, the payroll software files your taxes, ensures compliance with laws & regulations, and even identifies tax credits to draft your qualification details. At the same time, HR automation tools handle the entire data network of internal management to effectively manage employee data, define workflows, grant role-based access and set permissions.
Organizations are looking for solutions that seamlessly integrate with their existing Human Resources Information System (HRIS) and directly access and manage employee data. An automated and structured process eliminates the guesswork from all HR processes. For example, at Zimyo, everything from job posting, onboarding, goal management, performance tracking, marking time and attendance is done through a single software.
Even our payrolls are run through the software in just 3 clicks, making pay-day a cheerful success every month. Similarly, managing employee benefits, tracking trips, storing documents in the cloud, and raising requests can be automated through the Zimyo platform. Payroll management often includes the process of calculating employee hours, payments, calculating taxes and maintaining every financial document. Handling sensitive employee information, calculating taxes and ensuring timely payments can be challenging with a large workforce. This is where modern tech-driven payroll software prove to be life savers. They automate the entire payroll process while ensuring legal compliance.
With automation, organizations can -
- Eliminate tedious paperwork
- Digitize data and management
- Drive employee engagement
- Leverage communication platforms
- Reduce manual work
- Focus on productive tasks
- Boost business growth
As the business world becomes increasingly digital, traditional tasks requiring human involvement are now being automated and organizations are striving for seamless integration for end-to-end HR processes including recruitment, payroll and performance management.
About the author :
Kumar Mayank established Zimyo with his co-founder Ajay Kadyan in 2018. Their plan from the initial stage was always to bridge the gap between the credit market and SMB employees with innovative solutions. With immense hard work and dedication, Zimyo is now serving 1000+ organizations across the globe in just a span of 4 years. Making employee experience the number one priority for organizations.
About Zimyo:
Zimyo is a cloud-based HR, Payroll, Performance Management, Applicant Tracking, Time & Attendance, and Engagement suite. Zimyo is a leading platform that enhances employee experience with the following modules -
- Cloud-based HRMS
- Payroll management
- Performance management
- Applicant tracking system (ATS)
- Time & attendance management
- Employee engagement & benefits
- Talent management
With the latest addition of OKR Software in their suite, Zimyo is experiencing growth perennially.
Zimyo is built with the vision to empower organizations across the world to offer true employee experience to their workforce, helping them get the best out of their workforce, drive higher engagement, and build a differentiating human capital advantage.
It serves as a one-stop solution for all HR requirements that aid organizations in augmenting their productivity and workplace engagement. Supported by an end-to-end implementation to improve your key metrics, Zimyo optimizes everything from – recruitment to offboarding.
Zimyo’s bilingual mobile app ensures a seamless employee experience & gained 4.2+ ratings from diverse platforms. It provides quality employee experience, increasing retention rates, elevating employee benefits, lack of errors, & saving precious time and energy. It extends its services to offer tax-saving solutions, retirement plans, employee benefits, and financial assessments.
To know more about how you can leverage Zimyo's Employee Experience Platform to streamline your HR and Payroll Processes visit the Zimyo Marketplace page which offers an informative overview of Zimyo's platform.
