Did you know 50 million new start-ups are launched yearly in the world and yet only 10% of them make it through? Starting a new venture in this day and age can be extremely tricky due to the constantly evolving market demands and ever-changing trends. Fun fact, 23% of startups fail due to a weak team. Now that magnifies the importance of solid HR software for startups. In 2024, start-ups are facing HR operation problems such as managing, payrolls, tracking attendance, and keeping a healthy work environment.
It is imminent to have a long-term HR solution software for startups in 2024 and today we’ll help you understand why it’s important and what to do about it.
Why do startups need HR software in 2024?
Before we can find a solution we need to understand the problem statement completely because knowing the problem is half the solution. Start-ups are in dire need of HR software due to the following 4 key reasons:
Data-Driven Decisions
One of the key reasons for the declining HR operations of startups is that they aren’t focused on making data-driven decisions. These decisions especially in employee recruitment, retention, and projected goals could be very helpful. So, in 2024 startups need HR software to sort that.
Time-Saving
Startups seem to always need more than 24hrs a day to complete their daily tasks. So, repetitive HR tasks such as maintaining records of attendance, absentees, time off, and tasks completed could take a lot of time. Startups need a software solution for this problem.
Remote work support
Many startups are looking to cut their expenses which is why they usually also have employees working remotely or hybrid. This creates a rather daunting task to maintain Hr operations smoothly. So, there must be some automated solution that can treat all employees perfectly both onsite and remote.
Support for Scalability
An important part of a startup’s planning is to prepare for scalability. As the team expands and the workforce increases HR operations become more and more exhausting. There must be some way in which despite the increasing workforce the HR burden stays in control. From smooth onboarding to employee management and payroll processing, all should be done smoothly.
So, this is why startups need to have software to operate their HR operations in 2024. Now let’s look at some of the top features we need in an HRM system.
Top Features you need in HR software for Startups
An ideal HR software for startups in 2024 must mask all the problems of their HR operations as mentioned above and on top of that, it must have the following features.
Cost Effective Solution
Start-ups are always looking to minimize their overall costs so the HR software solution must be affordable. The HR software should not compromise on quality at all but it should have an infrastructure that’s more flexible for smaller startups.
Recruitment & Onboarding
As mentioned above almost ¼ of startups falter due to substandard employee workforce. So, the HR software should have the capability to first identify and screen only the most suitable candidates for the position. Secondly, it should assist the start-up in the selection process starting from interview scheduling to applicant tracking.
Moreover, once the new employees are welcomed to the team the HR software should have ways to make the onboarding process smoother for the startup and easier for the employee.
Accurate Attendance & time tracking
Another essential feature in HR software for Start-ups is reliable and real-time Attendance tracking for employees. It’d be great if the software supports tools such as Integration of biometric devices, mobile device location & pop-up notifications for better tracking. These features will minimize human intervention and maximize time efficiency. Accurate time tracking helps with a better overall working culture throughout the start-up and will maintain some level of discipline among all.
Save Payroll Hassle
Start-ups are usually working on funding at the start and at that point, payroll disbursal for employees must be seamless. The HR Software should automatically calculate and disburse payroll. Payrolls can be based on attendance data, factoring in hours worked, leaves, and off days, ensuring precise and timely payments with minimal manual input. Employee Service & empowerment
Why choose GleamHR for Startups in 2024?
There is a wide array of HR software available and yet the most suitable & obvious choice for start-ups in 2024 should be GleamHR, for the following 4 reasons;
- Attendance Tracking: Gleam employs accurate tracking tools such as Integration of biometric devices, mobile device location, ZKteco & pop-up notifications for better tracking. We are eliminating manual errors and streamlining time management.
- Payroll Processing: Gleam automatically calculates and disburses payroll based on attendance data, factoring in hours worked, leaves, and off days. Our motto is, Make Payroll, not War!
- Scalability and flexibility: We’d like to grow alongside your start-up. You can easily scale your HR operations without increasing your workload. Whether you add 10 or 10,000 employees, GleamHR’s system handles it efficiently with only database expansion.
- User-friendly Interface: Designed with simplicity, GleamHR offers an intuitive, easy-to-navigate interface, ensuring a seamless experience for both HR teams and employees.
To understand more about GleamHR and what makes it so superior in comparison to the competitors, read “Top 9 Reasons to Choose GleamHR”
Conclusion
In 2024, the startup segment is too saturated, and planning & ideas aren’t all that they need; they need smart HR solutions. A reliable HR software solution can significantly boost productivity. It has the power to streamline operations such as recruitment & onboarding, attendance tracking, payroll processing, and future-proofing. Among the many options available, GleamHR stands out with its state-of-the-art attendance tracking, automated payroll processing, engaging UI, and cost-effectiveness. Choose the perfect option for your startups in 2024, choose GleamHR.
