Reports are essential information that allows you to reflect on the past and plan for the future. HR reporting has the same impact on your business, and in some cases, it is even more valuable.
However, the days of managing all reports in a single file and securing it are long gone. Modern HR software is now designed with automated HR reporting, thanks to technological advancement. You can create, view, and analyze reports from anywhere.
If you’re wondering how HR reports can affect your business, consider their benefits.
The Advantages of HR Reports
Recognize your weaknesses:The HR department is the hub of the company, coordinating everything. The HR department can determine which departments or employees aren’t performing up to par with accurate digital reporting. Even if these flaws have had no impact on the company due to the brilliance of other departments, identifying them is pivotal.
Identifying the weakness will enable you to take the necessary steps to correct it to increase productivity. Additionally, reporting allows you to identify employee quitting patterns to take the necessary steps to halt the downturn.
Future planning:Reports assist you in identifying current gaps, trends, and plans. Your organization’s employee performance report will impact future hiring decisions. If a previous hire failed to meet your expectations, you should reconsider your hiring priorities in the future.
Enhances employee performance:Every employee is different, and their results will vary depending on the project they are working on. You will miss out on such essential data if you track employee performance manually. Digital HR reports help to identify employee performance under each project and the time it takes to complete each project.
These data can help you figure out which employees can handle a project and which ones are falling behind. You can train your employees in the areas where they are lacking, and their productivity will eventually rise, allowing your company to scale to new heights.
Analyze your finances:Because businesses are based on numbers, every business should know the exact numbers involved in each process. HR reports assist businesses in determining how much they spend on salaries, compensation, encashments, and other benefits for their employees. Financial insight allows businesses to make decisions about expanding or contracting their workforces and providing additional benefits to their employees.
Artify HCM - The Ultimate App for Generating HR Reports
Salary Reports: Get detailed salary reports for your employees in your company. You can sort the information to see salary reports for each department and job title. This report will also show you how your employee’s salary has changed over the last few months.
Monthly salary setup
Salary setup history
Latest salary progression
Salary progression history
Leave Reports: Leave reports are essential for determining each employee’s commitment to the company. Artify HCM aids in understanding your employees’ leave patterns, such as the department with the most leaves, specific days when many employees are absent, and so on.
Monthly leave taken
Leave count report
Advance or Loan Reports: A detailed report can analyze the advance or loan you provide to your employee. With Artify HCM can accurately determine the outstanding amount and advance details.
Advance outstanding summary
Loan outstanding summary
Advance outstanding details
Loan outstanding details
Attendance Reports: Like the leave reports, the attendance reports contain vital information about your employee. Such a comprehensive report can provide you with a clear picture of your company’s workforce. Artify HCM aids managers in effectively managing shifts in different regions of the country.