Human Resource Information System Fact Sheet

Human Resource Information System Fact Sheet

by on 22 Feb, 2021

What Is A Human Resource Information System?

A Human Resource Information System, or HRIS, is a program or a set of programs that helps companies with recruitment, performance reviews, employee training, HR management and reporting.

A PEO like Navigate can help you set up an HRIS that covers just what your company needs.

HRIS, or Human Resource Management Systems (HRMS), are typically used in enterprise companies. They can be organized as a modular system, or individual modules may be purchased and paired with the company’s existing HR software products. For example, if you only need the employee training modules, you can choose to purchase them on their own.

Are There Different Types of HRISs?

Yes! There are cloud-based HRISs and single database systems as well. You can customize your HRIS so that it fits exactly what you need.

How Can Navigate Help?

Navigate can set up a HRIS for your company. We provide dozens of clients in a wide range of industries with human resource management systems.

With massive software companies, you’ll get the program but you can’t always depend on the support you need to use it. Navigate will provide that support so all of your HR systems are working when you need them.

What is a Professional Employment Organization (PEO)?

A PEO is your outsourced HR team. PEOs manage all of your payroll, withholdings, garnishments, and deductions, as well as benefits and other discount programs. A PEO is your human resource department located outside of your organization.

Navigate PEO helps businesses and organizations throughout New England with their HR needs.

How Can I Benefit From Working With A PEO?

A PEO like Navigate can help you grow your business faster, decrease your rate of turnover, and see more success.

Research shows that since 2004, businesses who have used PEOs are likely to grow 7-9% faster than other businesses.

Data also shows that the average turnover rate in the U.S. is 42% as of 20212. When a business uses a PEO, that rate decreases to 28-32%.

Research also has revealed that businesses using PEOs are 50% less likely to fail, as the rate of failure drops from 8% to 4%.

What Types of Benefits Does A PEO Cover?

Managing your employees’ benefits is a complicated task that you might not have time to do. A PEO can help you by offering a selection of affordable employee benefits that include:

  • medical
  • dental
  • vision
  • life insurance
  • short-term disability
  • long-term disability
  • and others

How Navigate PEO can help

Implementing an HRIS with Navigate is a straightforward process and we’d be happy to provide more details on the features available.

In addition, if you haven’t started offering benefits to your employees, Navigate PEO can get you started. We help small and medium-sized companies afford to offer competitive benefits to employees such as major medical plans, life insurance, dental and vision insurance, EAPs, and more as well as helping your business manage those benefits, keeping track of compliance documents, and helping your HR department run smoothly. Take a look at our Human Resources Services page to see more of what we offer.

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Disclaimer: this article does not represent expert advice and is provided for informational purposes. Please get in touch if you would like expert HR advice.

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