Economic Solace Found in SaaS Based Human Resource Management Solutions7 Jan, 2009
Economic Solace Found in SaaS Based Human Resource Management Solutions
Branchburg, NJ (January 6, 2009) – WebApps, Inc. a.k.a. SaaS.com, a leading provider of Software as a Service (SaaS) with a major push in workforce management solutions, intends to provide its solutions as an aid to organizations struggling to overcome the economic climate throughout 2009. In a recent Forrester study entitled, "Trends 2009:
Human Resource Management (HRM)," Paul D. Hamerman and Zach Thomas report that organizations are attempting to cope with or recover from the current economic climate by focusing heavily on implementing HRM technology solutions as an alternative to laying off employees. One organization offering an option is SaaS.com, whose workforce management solutions help streamline operations and increase productivity, ultimately reducing internal costs and boosting revenue.
Hamerman and Thomas recognize, "It's no surprise that personnel-related costs are in the crosshairs of any cost-cutting program, since these costs represent more than 35% of annual operating expenses," however the two suggest being weary off hidden associated costs. "These measures dampen employee morale, slow new product rollouts, hasten departures of higher- performing talent, and potentially reduce customer service levels," Hamerman and Thomas explain.
For those reasons, rather than eliminating a percentage of its workforce, organizations can implement solutions to manage them more efficiently. The American Payroll Association (APA) reports that the average weekly "theft" of time (i.e. long lunches and breaks, early departures, tardiness, etc.) is four hours and five minutes per employee per pay period. Research also indicates that the error range associated with manual time card entry and computation typically lies between one and eight percent of gross annual payroll (GAP).
SaaS.com's solutions enable employers to eliminate "time theft" with a time and attendance module that automates the time collection process, and allows for accurate tracking of attendance behavior and productivity, resulting in better visibility over employee hours. The technology effectively allows managers and employees to focus on revenue generating activities, as opposed to tedious, administrative tasks.
Additional advantages of SaaS.com's solutions are a pay-as-you-go model and the ability to reduce IT spending. In another article entitled, "Software For The Recession," Doug Harr writes, "During a downturn, being locked in is a heavy load to bear, especially in terms of your IT budget and your company's overall fiscal health." Harr praises a SaaS-based application as opposed to an on-premise because there is no longer a requirement to be financially "locked in" with a pay-as-you-go basis. Visit www.SaaS.com for more info.