There is so much more an entrepreneur should do before opening a small business. It may only serve to kill the enthusiasm and passion in some, but the business should not start until you think through the second year. If the business expects to employ people, it needs to consider the expense of an HRIS program sooner than later. The worth of a plan is the value-based pricing to you.
So, ask yourself:
- Will it simplify my work? HRIS will clear your desk and head by centralizing all HR administrative tasks. You can manage the system 24/7 from any place with a Wi-Fi connection – including Starbucks.
- Does it provide data analysis and reports? You run a business better with information, data that reports, predicts, and provides fact-based reports needed for compliance, reporting, and planning.
- How many people does it take to operate? The HRIS is self-contained and self-perpetuating. Systems run cost efficiently without manual operation. You have no need to hire to the system until your headcount requires it – about the time you approach mid-size.
- Have you anticipated employee issues? An HRIS capability offers employees easy access to their own time and wage information as well as benefits, forms, direct deposit, and more. At the same time, it can reallocate employees to leadership roles in project management and team leadership.
- Would it pay to eliminate human error? Manual work invites mistakes and fraud. With an HRIS program, there is no quibbling about time-in and time-out. You reduce or eliminate misunderstandings, computation mistakes, and entry errors.
HRIS technology updates regularly, accepts changes in compliance and policy issues, and takes you green while reducing your paperwork. If you shop well in advance for the HRIS that will suit your needs, you can value-price the product by negotiating the design and capacity you need about six to nine years into your first year or 30% into your expected headcount.