Wednesday, January 7, 2009

Payroll HRMS System Interfaces Defined

HRMS Payroll system interfaces Defined

During your search and evaluations of payroll HRIS Systems or HRMS payroll software applications, you will hear a great deal about interfaces. The purpose of this article is to explain in detail how they are typically used. If you are looking at purchasing payroll HRIS Systems, HRMS payroll systems or HR Software application and plan to tie it to an existing payroll application, this article will prove very helpful. The vast majority of HRMS payroll system applications will offer some type of capability for transferring HRIS data or payroll data from one system to another.

First, it’s important to point out the difference between HRMS payroll integration and an interface. With an integrated system, you have two products sharing the same HRIS data and payroll data or you have an automatic real time transfer and update of data from one system to another. With HR and Payroll software applications, this is rare unless you are working with the same company for both systems. If that’s not the case, then you are going to be dealing with interfaces.

With an interface you will have to either manually, or via an automated process, transfer HRIS data from either payroll to hr or vice versa. In many cases, this is a fairly manual process to setup but easy to maintain. If you want to transfer data from Payroll to HR, you will create a file from the payroll system and import this into the HR Software product using some type of software. The problems with this type of process are that if it’s not automated, you will have to frequently perform the transfer of data because, in this example, your data in HR is only as up to date as the last transfer of information from your payroll application. There is no reason to not accept using interfaces since it’s still the standard for getting two unique products to share data.

How a HRMS payroll system Interface works

If you are using a well known payroll product, such as ADP, almost all, if not all, HRIS Data systems will provide some type of interfacing capability between your HRIS system and your payroll product. If not, your payroll HRIS system will offer some type of import and export program.

System interfaces are also defined as data mapping. Once you determine which system will push the data, a report will be run from that system containing the data needed to import into your import application. Once the report is run, it is typically converted to either Excel or a text file for importing. Now you need to make sure both systems are speaking the same language. This is called data mapping. If in one system the field name for first name is “fnam”, and in the system you are mapping to the field name is “first name,” you simply direct the “fnam” data in product to populate the “first name” field. The same process is repeated for each and every field contained in both systems. The good news is that after you set up the data mapping, you won’t have to repeat this process. The next time you need to transfer data, you will spend only a few minutes to do so.

The challenge with the setup occurs when the fields are in different formats or lengths. In these cases, the data can be brought into Excel and any needed modifications can be made there before importing the data. In some cases, the actual interface software will provide the ability to alter the information.

Populating your HRMS payroll system database

Let’s say you have just purchased a new Payroll HRIS system. By some means or another you are going to want to easily pull as much information from other sources as possible into your new system. If you have another HR product, you may create a file from that system and transfer this data over to your new HRIS system. If you don’t, then most likely you will be pulling data from your payroll system to HR. It’s important to note that your payroll system will not contain all the information of your HRIS system. So there are only so many fields you will be able to update. Typically, this information is going to include demographic data and data related to pay that will be tracked in your HRIS system. I have seen what rarely transfers from one system to another are benefits data and history. Make sure to ask about the transfer of this data while you are reviewing systems.

Payroll to HRMS or HRMS to Payroll

Going forward, you will have to determine which direction you want to push data and in what system your core input for new hires, terminations, and employee changes will happen. Whichever direction you decide to go, payroll to HR or HR to payroll, it’s important to realize that whichever system is accepting the data will have the interface for that import of data. This is not always the case but in most circumstances it will be.

Remember the data in the system being updated is only as up to date as when the last interface data transfer was performed. This can create problems. Let’s say, for example, that you are pushing data from your payroll system to your HRIS product and the last time you performed an update was two weeks ago. If you run a termination or new hire log from your HRIS system, the data you are relying on is two weeks old. You may have to go through the process of updating your data before running the report. As you have seen, interfaces are not a perfect world but they are a necessity.

Wednesday, December 17, 2008

IT firms hike referral bonuses

By -siliconindia news bureau
Tuesday, December 16, 2008
Hyderabad:

Though recession goes on worsening, some U.S. firms in India are on a hiring mode for outsourcing jobs and they are increasingly hiking referral bonuses for existing employees. Referral bonuses are supposed to be given to employees who refer talented people to the company. U.S. Firms like Deloitte, ADP, Pegasystems and Broadridge in India have hiked the referral bonuses already, reported The Economic Times.

Deloitte, which employs over 6,000 people in India, has doubled its referral bonus to employees last week. The employees will now get Rs. 10,000-50,000 for every person who they refer, depending on the level at which they will be joining the firm. The company has also increased its campus hiring by 20-30 percent this year.

An industry analyst said, "This is the right time to hire as salary expectations of people have become realistic and referral system helps identify suitable people. Besides, expansion of India operations will help the firm cut cost significantly and mitigate the risk of the U.S. slowdown."

"Most firms in the West are trimming down workforce there to cut cost. This is expected to bring more offshore work to India. This could lead to an increased demand for people especially the high-end talent pool," said, Prashant Srivastava, HR expert & managing partner (India), The Gallup Organization.He also mentioned that firms are under pressure to scale up faster and the referral system provides a cost-effective way to get people with right-skill and attitude. Compared to the recruitment process through executive search firms referral will be at least 10-15 percent cheaper.

Pegasystems, a U.S. based business process management (BPM) software provider is looking to hire 60-80 high-end talent-pool for its R&D center in Hyderabad in six months. "Our referral bonus ranges from Rs 25,000-75,000 per person. As we want to scale up our operations at a faster pace, we have increased this bonus by Rs 50,000 for referring a person at certain positions like tech lead. Hence, if a candidate is selected, an existing employee can earn up to Rs 1.25 lakh, which will be beyond his salary.

We will give this extra benefit for the next six months," said Suman Reddy Eadunuri, MD, Pegasystems Worldwide India.Similarly, ADP, the $9 billion business outsourcing solutions firm, is looking at recruiting 400 people in the next six months at its Hyderabad and Pune centers. This year (June-December), the company added 400 people. Of this, about 52 percent were selected through referral process as against 45 percent last fiscal.

Thursday, December 11, 2008

HR Payroll Software - Why It's So Hard To Get A Price

By Expert Author: Clay C. Scroggin

The topic of this article is to describe why getting a price for an HR Payroll software application is not as easy as getting a price on a house, a car, or a new pair of shoes. Think of all the decisions you would have to make, before getting an accurate price, if you were going to build your own home.

Using Google Adword’s keyword tool, I did a little research into how many people in an average month are searching for the price of HR Payroll Software. The resulting numbers are lower than I might have expected. Still, per month, just on Google it appears that at least hundreds of people are searching for the cost of HR and Payroll software based only on the keywords I uncovered below.

Keyword Average Searches Per Month
• HRIS Price 12
• Cost of HRIS 58
• HRIS Costs 170
• HR software pricing 36

HR Payroll software prices depend on too many variables to simply offer a quick quote

When I was selling HR Payroll Software systems, I worked with one HRIS product that offered 15 unique product options, two platform options, and two purchase options. The cost of that system for a 200 employee company varied tremendously. This price could have ranged from $3,000 to well over $40,000. So, if someone simply asked for a price, or even a ball park price, it was hard for me to present one without knowing exactly what options they were interested in and what their needs were. Often times the prospect did not know either until I performed a needs analysis and/or showed a demo.

HR and Payroll Software Salesmanship

As an HR and Payroll software sales person, if I was selling product X and knew my competition was product Y, which offered half the functionality and 30% less on cost, I would be hesitant to provide a prospect a price of my HRIS system until I was able to show the added value. This is not only salesmanship; it’s also good service. It’s important that you not base your decision for HR Payroll software only on price. The best value may not be the lowest price but may be found in the closest match to your company’s unique needs. You may be impatient to see the cost, but in the example above, the customer wins by waiting.

There are sales training courses which teach sales people to say in control of the sale by holding off on providing a price as long as possible. I am not one of those that agree with this strategy but you may very well see it.

The HR Payroll software companies want to keep the prices as secret as possible

We have asked all of our HR Payroll software participating vendors to include at least some type of price range for our site, but currently 8 of 13 have elected not to do so. Part of the reason is what I have laid out above but these companies are also very secretive about their prices. The least expensive systems on the market have no problem publishing their prices. The more expensive and comprehensive systems on the market are much less likely to do so.

I lost a vendor earlier in the year because they would not participate in our service unless every vendor on our site, not only showed their pricing, but showed it in exactly the same format as they offered theirs. I can’t say I disagree but I am not in a position to force our vendors to comply.

So can other websites actually provide quick quotes for multiple HR and Payroll software applications?

NO! For the exact same reasons I have laid out here, the HR Payroll software vendors aren’t going to provide the cost without understanding who the prospect is and what their needs are. So, the site I am referring to without mentioning them by name, simply distributes your information to a number of HRIS or HRMS vendors and then let’s those individual vendors contact you, and after a needs analysis and perhaps even a demo, the “free HRIS quotes” can be provided. There’s nothing quick about it; nor would you want it to be.

The funny thing is our keyword position for HRIS pricing is number nine on Google. And I’ll be the first to tell you that of 13 systems currently on the site, we only offer price ranges on 5 of those products.

Closing

There are valid industry reasons why you may find it difficult to quickly and easily receive prices on a number of HR Payroll software applications. I would recommend staying patient and realize a quick price may not be the most reliable or in your best interest.

Wednesday, December 3, 2008

7 Reasons Why SEO Needed For E-Commerce Websites

Search engine optimization, commonly known as SEO, is the technique that is being currently used by almost all the websites for making themselves popular on the Internet. No website seems to be surviving well without being in the top rankings of the search engine.

When it comes to E-commerce websites, SEO plays a very important part because they are business sites and are put on the internet for generating revenue for the business people who own them.

There are many benefits that a company gets from SEO companies maintaining a top graded SEO portfolio. Seven of the most important advantages are:

* The e-commerce websites seo are noticed by all the major search engines, such as, Google, Yahoo, and MSN on the Internet. This will make the websites get a high page ranking. Visitors usually visit websites that are in the first three or first four ranks.
* By being in the favorable search engine rankings a huge amount of network traffic is directed to the search engine optimized e-commerce website. This will help the websites under dedicated SEO firms to be at a more advantageous position in comparison to their competitors.
* Other means, such as the Pay-per-click method need not be resorted to, to get the e-commerce website noticed on the Internet. These are very expensive methods as the owner of the website has to pay a huge amount of money to the visitors to visit their sites and they serve benefits for a short span.
* The advantage with search engine optimization is that it indirectly works as an Internet marketing tool for your e-commerce website. By being seo optimized your e-commerce website will constantly be in the top positions of the search engine rankings. This itself will greatly serve to increase the value of the website and draw a lot of search engine loyalists towards itself.
* An e-commerce website SEO saves you the expenditure of advertising explicitly to draw the attention of the web surfers. You just have to know the method of getting into the good books of the search engines.
* It is also seen that search engines act as long-term promoters for the e-commerce websites, unlike the advertising sites which publicize a website for only as long as they are paid a fee. The search engines are not like that. Your website can be on the top ranks for as long as another site does not optimize itself better than yours which can be some months if you are lucky enough.
* Return on investment is one thing that you can bank on. You generally put up an e-commerce site to get good business. With seo you can draw a large network clientele which can eventually bring you a good ROI.

Seo services can be utilized for making your e-commerce website get top priority in the search engine rankings. Seo India is one of the leading software programming sectors that are being used for optimizing websites on the Internet. Search engine optimization done ethically can only serve you top rankings in search engines naturally for long time. Choose SEO companies that provide ethical SEO
Services.

Thanks & Regards,
Niraj Pradhan
Product Evangelist| MinVesta Infotech Ltd. |Mob:+91 9246190827 | Ph: +91 40 23738072 Extn:201||email: niraj.pradhan@minvesta.com | website: www.minvesta.com |
Blog: http://minerva-hrms.blogspot.com/|
http://www.linkedin.com/in/nirajpradhan |Blog: http://hcmgyan.blogspot.com/|

HRMS-Complete HR Suite | Front Office System |Payroll Software | Billing Software | Leave Management System | Recruitment Management System| Performance Management System |and more...

Thursday, November 13, 2008

Countering turbulent times..

At this turbulent times it requires ancollaborative effort-both by the top management and employees to surpasse this time.
slump, downturn,pink slips and layoffs would perhaps would be the most talked words in the recent time and as the year comes to end i am hope full they would top the charts.

It is for sure that organizations need to pull their socks and gear up to face it.
I honestly feel-Layoff is not the only measure to deal with this sistuation.
Depending upon the industry you are in and the business you are in the employee cost -including the salary and other cost would be between 3 to 20 % of the over all cost of operations.
hence re trenching and layoffs would not be the sole remedy- what would you do with out your employees the most valuable assets?
for manufacturing companies which has employee cost being 3 % of the over all cost lay offs and giving pink slips is not going to effect even to a minuscle.
For them better inventory management,planning and forecasting is the areas to be looked upon.
similarly for IT companies which on the contrary have the employee cost being around 20% of the over all cost methods for improving employee productivity and efficiency should be adopted…and pink slips should be the last thing to resort.
pls remeber that IT companies would have work force which might be a inflated due to provisions for bench work force-in anticipation of getting new projects and deploying them to those projects.Hence in the current scenario where chances getting new projects are bleak ,re deployement and efficient utilization of work force is the need of the hour.

Regards,
Niraj Pradhan
Product Evangelist| MinVesta Infotech Ltd. |Mob:+91 9246190827 | Ph: +91 40 23738072 Extn:201||email: niraj.pradhan@minvesta.com | website: http://www.minvesta.com |
Blog: http://minerva-hrms.blogspot.com/|
http://www.linkedin.com/in/nirajpradhan |Blog: http://hcmgyan.blogspot.com/|

Thursday, November 6, 2008

My thoughts on -Scope of HR Products in current market downturn

These days we keep hearing the words " SLUMP" ,"Recession", "Layoffs", "Cost cutting", "IT industry down turn" etc...

All these are also the reasons sighted for slower growth of Indian IT companies.
It is said that there will be lesser new projects coming to the IT companies in India-All due the the recession in US economy.
The companies in US have become conservative and there is literally no scope for getting revenues from these markets.
Recently even wipro has shifted its focus to Latin America and Africa -as these are now the emerging market.

Amidst all these..I have seen a reverse process- The need for HR products-especially in India and middle east and also Africa has shot up!!
yes its true-i will put in facts and explain to you but first let me put some reasons for it.

Current objective of companies in India would be to sought "Cost Cutting measures" and also to "increase Employee productivity."
They would rather have say 1500 employees( cut down work force from 2000) and have maximum productivity to match the earlier figure of 2000 employees.

By adopting above techniques they are aiming to have maximum output with minimal cost.

Now let me give you an example-where the employee's productivity goes waste.
every day there would be transactional activities to be carried out-Both by Employees and and also HR Managers or Management.
Simple example- Leave Application- i would treat this as an transactional activity.
There are many more transactional activities- example: marking attendance/requesting Forms( leave forms/loan forms), queries,payslip request,Travel request -form based,address proof request etc-all these in case of manual process consumes huge amount of time and effort.
Now coming back to example of leave,
Every employee would have an activity to perform-i.e Leave Application( also some times cancellation/withdrawal)
Consider a manual process-Where leave application is sent by an employee by either filling up a leave form( hard copy) or writing and email and sending it to respective persons.
Every employee will have a minimum of 30 leaves in a year? ok lets make it 20.
Now an employee needs to apply for a leave-
He would take a print of the form( lets put 5 minutes for it)
Fill it up- 5-10 minutes
( or other wise compose an email- will take 10 minutes)
walk up to reporting manger to get it signed and approved- 10-15 minutes
again it might involve a chat/discussion/explanation- 10-15 minutes
( The reporting manager might not have instant access to employee's leave balance data)-might have to check with HR dept before granting-10-15 minutes.
Now the employee needs to walk up to the HR department to submit the application-10-15 minutes
( situations- HR manager not at his/her desk or HR Manager on leave/ etc etc)
He/she would submit the application-this might also involve a chat etc-10 minutes
HR Manager would update the leave balance details-in excel etc-10 minutes

and in situations like cancellation-modification-withdrawal this would involve the same cycle and also the time-

Now if i would add up the minutes that involved in a single transaction-i.e Leave Application and that too for one leave application by an employee ( lets assume he/she might take 4-5 times a year) the total minutes would be: 115 minutes average- hence almost 2 hours - which can be 1/4 th man-day
in case of 4 leave application by the employee- it would be 8 hours or 1 man day.
If you multiple by the man-day rate of your organization you can get the cost involved
i am assuming INR 3000 as per man day rate and hence one employee spends 1 man-day implies INR 3000 is the cost involved by one employee for one transactional activity.
Lets say an organization has an average 200 employees- in such a case, the total cost involved would be 200 * INR 3000= INR 600,000 six lacs-
or 200 man days spent for carrying out leave transaction- that too without full proof efficient manner.
imagine if the 200 man days was utilised in some project- you would not Only save in terms of time- but eventually in terms of Money!!


Now- How do we save cost- how do we increase employee productivity
How can we save this 200 man days for a single transactional activity or this INR 600,000 going down with out any return???

well- it can be saved...
By adopting Automation- a simple leave application tool may be a web based( browser based).
A considerate amount of time/effort and money can be saved by automation.
Through this tool the employee has instant access to his/her leave balance and can also apply immediately citing the reasons/remarks etc-
now the leave application would go to the Reporting manager- who can not only view the application-but approve/reject in a single click - also the sub ordinates leave plans/leave balance details etc present with him to take help in decision making.
Like wise HR department/Manager's task is also eased and time saved.
There are much more than just ease of transaction... the system can send alerts/reminders/validation/report generation /year ending process/en cashment etc.

The entire process of leave application can be finished or carried out in less than 10 minutes as compared to nearly 120 minutes by the manual process...
and yes i forgot to mention the cost involved for taking the hard copy of the leave form:)

Over all the ROI from the automation method is much more than the investment.
If you would do an similar calculation for other activities and arrive at the cost of it...i am sure after reading this you would search for an Automation tool and suggest your HR dept or the management.

Well...this is one example that i gave to explain to you the reverse process that is taking place -
yes demand for the HR Softwares has gone up during this Slump/recession etc..
and Especially in INDIA, middle east and Africa.
Well are few more reasons for the demand in these countries...
I can also include few Asian Countries-Japan n China.

What i feel and think could be a possible reason- 20-30 years back the market in US /Europe was emerging- which now has emerged and got a hit by the economic conditions there.

If you compare the Indian economy and the market conditions here....its not that worse.
I would agree with what Rakesh Jhunjhunwala said- India is protected- the liquidity crunch and factors are different here- a lot of Liquidity is yet to flow into the markets-Indians are still holding on their liquid assets.

the market in India can be called as emerging market- Indian companies are growing- they have their alternate market- INDIA
countries and companies would now shift their focus to emerging markets- INDIA/ middle East /Africa- literally a virgin market
The IT industry would not be dependent on the US/Europe market...
This has already started to happen...

Personally i have witnessed a sudden spur in the demand for the HR softwares....
and i have seen the sales cycles to be remarkable shorter- some thing which can be surprising-
but I am not amazed:)
Organizations- in India have closed on to buying the HR softwares in very short cycles and also have spend handsome amount in buying them-
Undoubted they understood the cost involved in manual process ( as calculated above:) ) and were quick to under stand the importance of Automation.

well...these are my views...i might be not be an expert doing this analysis...but have put down what i feel and think...

Please do give in your views/comments- and also correct me if i was wrong some where while analysing this.


Thanks & Regards,
Niraj Pradhan
Product Evangelist MinVesta Infotech Ltd. Mob:+91 9246190827 Ph: +91 40 23738072 Extn:201email: niraj.pradhan@minvesta.com website: http://www.minvesta.com/
Blog: http://minerva-hrms.blogspot.com/
http://www.linkedin.com/in/nirajpradhan Blog: http://hcmgyan.blogspot.com/

HRMS-Complete HR Suite Front Office System Payroll Software Billing Software Leave Management System Recruitment Management System Performance Management System and more...

We are Hopeful: India Inc

N. R. Narayana Murthy, chairman of Infosys Technologies:
Today is an extraordinary day. The US has voted for compassionate capitalism over laisze faire capitalism. Besides, this election has shown that meritocracy matters most. We believe president-elect Obama to be a pragmatic leader who understands that American industry needs to be competitive not just in America but in third countries as well. This election has also proved that the internet is a powerful medium for raising funds.

Samir Chopra, President of Business Process industry Association of India (BPIAI):
My belief is that the election of Senator Obama does not in any way pose a threat for the Indian IT/ITES industry. Indian industry today is deeply entrenched in business critical work for global customers and in his efforts to bring the economy back in shape he is unlikely to take actions which will impact the Global competitiveness of US companies. I think that this will lead to a new era of greater co-operation between India and US. In the current context it is even more important for the two countries to find ways to partner together to spur innovation, foster economic growth, develop an educated work force and skilled workforce, and create jobs for the global market place.
Krishnakumar Natarajan, CEO of Mindtree, a BPO:
The primary focus of the Industry should be to help President Obama in his efforts to enhance the confidence and credibility in the market and ensure that efforts to improve consumer confidence and improve liquidity are urgently and effectively addressed. Vipul Jain, CEO &
Managing Director of Kale Consultants:
This is a fantastic result for America. The country needed somebody young and dynamic to take the economy out of its current downturn, and Obama is the right person for the job. He can drive transformational change bringing fresh energy, impetus and direction to a slowing economy. U.S.A. being the dominant economic power, a positive political change will bode well for the world at large, including India. There is no doubt that he will provide incentives to American businesses to keep jobs in America, but the Indian IT and ITeS industry is very capable of providing value beyond cost arbitrage.