Automate the complex and monotonous HR tasks with Kredily and empower your teams to do more
Did you know, on an average, an HR professional spends about 50% of their day on time-consuming repetitive HR tasks and answering employee queries?
With Kredily HRMS software, you can free up those hours spent filing applications and documents by automating employee onboarding process and digitally storing all necessary documents. Kredily also comes with the ESS portal for your employees to raise leave requests, check company policies, and more.
Self-service portal for employees to raise leave requests, declare investment, upload documents and more
Your data is securely stored in our servers and never shared with any third-party entities without your consent
Encourage interactions and collaborations between employees with Machax - Kredily’s social network
Share holiday updates, company news, upcoming events and more with all your employees
Get constant support from our rockstar team during the initial stages of setting up and using Kredily.
All your company and employee data are securely stored on our servers and never shared with any third-party entities without your consent.
Human Resources (HR) software is a technology solution for automating and streamlining employee recruitment, onboarding, management, and training. HR software helps organizations manage their most important asset—their people. HR software provides features such as employee self-service (ESS) portals, performance management, attendance tracking, payroll management, and more.
Kredily HR and Payroll software is an ideal solution for HRs of startups, and SMEs looking for efficient and cost-effective attendance, leave, and payroll management. This HR software is a comprehensive solution that helps streamline the payroll process and minimize errors. It simplifies the calculation of employee salaries and provides a multi-level authorization structure, making it easier to track changes. With Kredily HR and Payroll software, HRs can ensure accurate payroll processing and significantly reduce the time spent on manual data entry.
There are various types of HR systems used by organizations, but three common HR systems are:
Human Resource Information System (HRIS): HRIS is a software system that manages and organizes employee data and information, including employee records, payroll, benefits, and performance evaluations. It helps HR managers and other stakeholders access and analyze employee data more efficiently, streamline HR processes, and improve HR decision-making.
Applicant Tracking System (ATS): ATS is a software system that automates the recruitment and hiring process, from posting job vacancies to tracking job applications, screening resumes, and scheduling interviews. It helps organizations manage the recruitment process more effectively, reduce time-to-hire, and identify qualified candidates more efficiently.
Learning Management System (LMS): LMS is a software system that manages and tracks employee training and development activities, including online courses, in-person training sessions, and skills development programs. It helps organizations manage employee training more effectively, improve employee skills and competencies, and track employee progress and compliance.
Overall, these HR systems help organizations manage various HR functions more effectively, automate manual processes, and provide better visibility and insights into employee data and performance.
Here are some of the future trends in HR:
Digital transformation: HR is becoming more digital and technology-driven. Organizations are investing in digital tools and platforms for HR functions, such as AI-powered recruitment, chatbots for employee engagement, and analytics for workforce planning.
Employee experience: Employee experience is becoming a top priority for HR, with a focus on creating a positive work culture, providing meaningful work, and offering personalized benefits and rewards. HR is also leveraging data and analytics to measure and improve employee engagement and retention.
Remote work: The COVID-19 pandemic has accelerated the trend towards remote work. HR is adapting to the new reality by investing in virtual communication tools, flexible work policies, and digital learning and development programs.
Skills development: Upskilling and reskilling are becoming essential for organizations to remain competitive. HR is investing in personalized learning programs, microlearning, and digital training platforms to help employees acquire new skills and competencies.
Diversity, equity, and inclusion: Diversity, equity, and inclusion (DE&I) are becoming a key focus for HR. Organizations are investing in DE&I training and education, diverse hiring practices, and creating inclusive work cultures that value and respect all employees.
Agile HR: Agile methodologies are being applied to HR processes to increase speed, efficiency, and flexibility. HR is adopting agile practices such as continuous feedback, rapid experimentation, and cross-functional teams to improve HR processes and deliver better outcomes.
Overall, these trends are transforming the HR function and helping organizations build more agile, digital, and employee-centric workplaces.
HR software can provide numerous benefits to organizations, including:
Automation of HR processes: HR software can automate many HR processes, such as recruitment, onboarding, payroll, and performance management. This can save time and reduce administrative work for HR staff.
Improved accuracy: HR software can reduce errors and ensure data accuracy, which can improve the quality of HR decisions and reduce the risk of compliance violations.
Increased efficiency: HR software can streamline HR processes, improve workflow, and reduce manual data entry, which can improve efficiency and productivity.
Better reporting and analytics: HR software can provide detailed reports and analytics on HR data, such as employee performance, training needs, and turnover rates. This can help HR managers make informed decisions and identify trends and patterns in HR data.
Enhanced communication: HR software can improve communication and collaboration between HR staff, managers, and employees. This can improve employee engagement and reduce the risk of miscommunication or misunderstandings.
Better compliance: HR software can help organizations comply with HR regulations and laws, such as data privacy laws and employment laws. This can reduce the risk of legal penalties and fines.
Overall, HR software can help organizations improve HR processes, reduce administrative workload, and make better-informed HR decisions. It can also help organizations create a more engaged and productive workforce.
Strategic HR tools are software applications or platforms that help HR departments perform critical strategic functions, such as workforce planning, talent management, and performance management. Here are some examples of strategic HR tools:
HR analytics software: HR analytics software allows HR departments to collect, store, and analyze data about their workforce. This helps HR managers make data-driven decisions about hiring, retention, training, and development.
Applicant Tracking Systems (ATS): An ATS is a software tool that helps organizations manage the recruitment process, from posting job vacancies to tracking job applications, screening resumes, and scheduling interviews.
Performance Management software: Performance management software helps organizations track and manage employee performance. It includes features such as goal setting, performance feedback, and performance reviews.
Learning Management Systems (LMS): An LMS is a software tool that helps organizations manage employee training and development. It includes features such as course creation, tracking, and reporting.
Succession Planning software: Succession planning software helps organizations identify and develop talent for leadership positions. It includes features such as talent profiling, gap analysis, and career planning.
HR Shared Services software: HR shared services software helps organizations centralize HR services such as payroll, benefits administration, and employee data management. This helps HR departments improve efficiency, reduce administrative work, and provide better service to employees.
Overall, strategic HR tools help organizations perform critical HR functions more efficiently and effectively, and make better-informed decisions about their workforce.
A Human Resources (HR) system is a set of tools and processes used by organizations to manage their workforce. It typically includes software applications and platforms that help HR departments perform critical HR functions, such as recruitment, payroll, performance management, and benefits administration. There are several types of HR systems, including:
HR Information System (HRIS): An HRIS is a software application that manages employee data and automates HR processes such as payroll, benefits administration, and time and attendance tracking.
Talent Management System (TMS): A TMS is a software platform that helps organizations attract, develop, and retain talent. It includes features such as recruitment, onboarding, learning and development, and succession planning.
Applicant Tracking System (ATS): An ATS is a software tool that helps organizations manage the recruitment process, from posting job vacancies to tracking job applications, screening resumes, and scheduling interviews.
Learning Management System (LMS): An LMS is a software tool that helps organizations manage employee training and development. It includes features such as course creation, tracking, and reporting.
Performance Management System (PMS): A PMS is a software application that helps organizations manage and evaluate employee performance. It includes features such as goal setting, performance feedback, and performance reviews.
Benefits Administration System: A benefits administration system is a software application that helps organizations manage employee benefits programs, such as health insurance, retirement plans, and leave policies.
Overall, HR systems help organizations manage their workforce more efficiently and effectively, and make better-informed decisions about HR-related matters.
The role of an HR system is to manage and streamline the various HR processes within an organization. It helps HR departments automate administrative tasks and manage employee data more efficiently, while providing valuable insights and analytics that can inform strategic decision-making. Some of the key roles and responsibilities of an HR system include:
Data management: An HR system allows HR departments to store, manage, and retrieve employee data quickly and easily. This includes information such as personal details, job titles, salary, benefits, and performance metrics.
Recruitment and onboarding: An HR system can automate the recruitment process, from posting job vacancies to scheduling interviews and onboarding new hires. This can save time and reduce administrative work for HR staff.
Performance management: An HR system can help HR departments manage employee performance, from setting goals and objectives to providing feedback and conducting performance reviews.
Payroll and benefits administration: An HR system can manage employee compensation, benefits, and time and attendance tracking. It can automate tasks such as payroll processing, benefits enrollment, and leave management.
Compliance: An HR system can help organizations comply with HR regulations and laws, such as data privacy laws and employment laws. It can ensure that HR policies and procedures are consistent and up-to-date, reducing the risk of compliance violations.
Reporting and analytics: An HR system can provide detailed reports and analytics on HR data, such as employee performance, turnover rates, and training needs. This can help HR managers make informed decisions and identify trends and patterns in HR data.
Overall, the role of an HR system is to provide HR departments with the tools and resources they need to manage and optimize their workforce effectively. By automating administrative tasks and providing valuable insights, an HR system can help organizations improve efficiency, reduce costs, and create a more engaged and productive workforce.
HR software is a set of digital tools and applications that helps HR departments manage various aspects of their workforce. The functions of HR software can vary, but in general, it can help with the following:
Recruitment: HR software can assist with job posting, resume screening, and interview scheduling to streamline the recruitment process.
Onboarding: Once a candidate is hired, HR software can help with the onboarding process, including new employee paperwork and training.
Employee data management: HR software can help manage employee information such as contact details, job history, salary, benefits, and performance metrics.
Payroll and benefits administration: HR software can manage payroll processing, benefits administration, and time and attendance tracking.
Performance management: HR software can help with performance management by tracking employee goals and objectives, providing feedback, and conducting performance evaluations.
Training and development: HR software can manage employee training and development, including tracking employee progress, delivering online training, and scheduling in-person training sessions.
Compliance: HR software can help ensure compliance with HR regulations and laws, such as data privacy laws and employment laws.
Reporting and analytics: HR software can provide reports and analytics on HR data, such as employee performance, turnover rates, and training needs.
Overall, HR software helps HR departments manage their workforce more efficiently and effectively, reducing administrative work, improving compliance, and providing valuable insights into employee data. It allows HR professionals to focus on more strategic tasks and make data-driven decisions to optimize their workforce.
A core HR system is a set of software applications that an organization uses to manage its core human resources functions. It typically includes modules for payroll, benefits, employee records, training and compliance, employee onboarding, and other features. The system also helps automate many of the manual processes associated with HR administration, such as document storage and retrieval, applicant tracking, and employee self-service.
HR cloud system is a type of Human Resources (HR) software hosted on cloud servers instead of physical servers. This software allows companies to manage their HR operations more efficiently and securely by providing easy access to employee data, streamlining processes, and eliminating the need for manual paperwork. In addition, cloud-based HR systems are typically more cost effective than traditional HR software due to the reduced hardware and maintenance costs.
here are some potential ways HR software may evolve by 2030:
AI and machine learning: HR software is likely to incorporate more advanced AI and machine learning capabilities to automate routine tasks and provide more personalized insights and recommendations for HR managers. This may include predictive analytics to forecast future workforce needs and identify potential retention risks.
Virtual and augmented reality: HR software may incorporate virtual and augmented reality technology to enhance employee training and development, allowing employees to engage in immersive, interactive learning experiences.
Blockchain technology: HR software may incorporate blockchain technology to enhance data security and privacy, making it easier to securely store and manage sensitive employee data.
Mobile optimization: HR software is likely to become even more mobile-friendly, with employees and managers able to access HR tools and data from their mobile devices anywhere and anytime.
Integration with other systems: HR software may become more integrated with other business systems, such as finance and accounting software, to streamline data sharing and improve overall business efficiency.
Emphasis on employee experience: HR software may place even greater emphasis on improving the employee experience, providing personalized tools and resources to help employees manage their work and career development.
Overall, the future of HR software is likely to involve more advanced technology and a greater focus on improving the employee experience while also optimizing business operations. The exact evolution of HR software will depend on the needs of businesses and the pace of technological advancement.
HR Automation tool refers to using software and technology to streamline, automate, and optimize many administrative tasks associated with Human Resources management. Automation can help HR professionals save time by reducing manual processes, increasing accuracy, and mitigating errors. Examples of automated HR processes include onboarding and offboarding, payroll, employee benefits administration, recruiting, employee attendance tracking, performance reviews, and compliance. Automation makes it easier for HR teams to manage their daily functions, keep employee records up to date, and ensure compliance with laws and regulations. Additionally, automation can improve communication between HR and employees and enhance employee experience.
Kredily HR and Payroll Free forever software is a comprehensive cloud-based platform designed to meet the needs of startups and small and medium-sized businesses. It includes payroll processing, attendance and leave management, reporting and analytics, time tracking, tax filing, workers’ compensation, and more. It helps companies improve their employee management processes. With Kredily software, you can easily track and manage employee information, automate onboarding, and much more.
Kredily HR system is best for startups and small and medium-sized businesses. It includes payroll processing, attendance and leave management, reporting and analytics, time tracking, tax filing, workers’ compensation, and more. It helps companies improve their employee management processes. With Kredily software, you can easily track and manage employee information, automate onboarding, and much more.
There are many HR software available in the market. However, when it comes to providing free HR and payroll service, there is Undoubtedly only Kredily HR and Payroll Management Software. Kredily offers free forever HR and Payroll software without any hidden charges.
Yes, the basic plan of Kredily HR and Payroll Software comes for free. Moreover, it offers paid plans with a custom pricing option too.
Creating an HR dashboard in Excel requires a few steps. The first step is gathering all the data you need for the dashboard. It can include employee attendance, performance data, recruitment data, and more. Once you have collected all of the necessary data, it is time to organize it into a format you can use to create the dashboard. The next step is to manage the data into columns and rows so it can easily be viewed and analyzed. After organizing the data, you can create the dashboard by adding charts, pivot tables, and other visual elements. Using formulas and functions, you can make calculations to display key performance metrics such as employee turnover, satisfaction ratings, etc. Finally, you can add custom styling to the dashboard to make it look attractive and professional. Once the dashboard is complete, you can quickly analyze and monitor your HR data.
HR calculates Gross Salary, CTC and Net salary on the formula mentioned below:
CTC = basic salary + benefits + PF.
Gross salary = basic salary + house rent allowance + additional allowances.
Net salary = gross salary–professional tax–public provident fund–income tax.
There are several reasons why it is advisable to use HR software in managing your workforce:
Efficiency: HR software can automate and streamline many routine HR tasks, reducing the amount of time and effort required for administrative tasks. This allows HR professionals to focus on more strategic tasks that can add greater value to the business.
Accuracy: HR software can reduce errors and ensure data accuracy by automating data entry, calculations, and reporting. This helps to minimize compliance risks and legal liabilities that can arise from errors in HR management.
Compliance: HR software can help ensure compliance with various HR laws and regulations by automating compliance processes and providing accurate, up-to-date information.
Cost-effective: HR software can save costs associated with HR management, such as labor costs, paper costs, and printing costs. By automating processes and reducing manual work, HR software can help businesses save money in the long run.
Data analysis: HR software can provide valuable insights into workforce data, such as performance metrics, attendance records, and employee turnover rates. This can help HR professionals make informed decisions to optimize their workforce and improve employee engagement.
Improved employee experience: HR software can provide employees with easy access to information, tools, and resources that can help them manage their work, career development, and benefits. This can improve employee satisfaction and retention rates.
Overall, HR software can help businesses optimize their HR management processes and improve their workforce management capabilities. By reducing administrative burdens and providing valuable data insights, HR software can help businesses make more informed and strategic decisions to improve their overall performance.
Good HR software should possess the following qualities:
User-Friendly: The software should be intuitive and easy to use, allowing HR staff and employees to perform tasks with minimal training.
Customizable: The software should allow customization of fields and settings to fit the unique needs of an organization.
Scalable: The software should be able to grow with the company's needs, whether it's adding new features or accommodating an increasing number of employees.
Secure: The software should have robust security measures in place to protect sensitive employee information from unauthorized access.
Mobile Access: The software should be accessible on mobile devices, enabling employees and HR staff to access and manage HR functions from anywhere.
Integration: The software should integrate with other systems and applications, such as payroll and performance management software.
Analytics and Reporting: The software should provide HR staff with analytics and reporting capabilities, allowing them to track employee data and analyze trends.
Compliance: The software should comply with relevant laws and regulations, such as data privacy laws.
Support: The software should provide reliable customer support and training resources to ensure users can effectively use the software.