Why Many MSMEs in India Overlook HRMS and What Are They Missing


GreytHR

Uploaded on Jul 1, 2024

Category Business

Why Many MSMEs in India Overlook HRMS and What Are They Missing Link - https://www.greythr.com/blog/why-many-msmes-in-india-overlook-hrms-and-what-are-they-missing/

Category Business

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Why Many MSMEs in India Overlook HRMS and What Are They Missing

Why Many MSMEs in India Overlook HRMS and What Are They Missing MSMEs in India Overlook HRMS The MSME sector is a major contributor to India’s GDP. However, it can do even better if many of its companies switch from the traditional methods of managing their human resources to using HRMS. When empowered with a capable HRMS, their HRs can complete tasks faster and better while still having the time to accomplish more. HRMS handles everything from payroll to employees’ professional growth. But even though the holistic advantages of using it are far-reaching, many MSMEs in India are not convinced. From misconceptions to lack of information about these systems, here are some of the biggest reasons why this is happening. Why Do Indian MSMEs Not Use HRMS? 1. Strong Belief in Traditional Methods 2. Lack of Awareness About HRMS 3. More Emphasis on the Core Business Activities 4. Using Other Employees for HR Duties 5. Built for Bigger Companies Benefits of Using HRMS in MSMEs 6. Stores Data Easily and Securely 7. Acts as a Resourceful Digital Arm for HRs 8. Saves Money and Increases Efficiency 9. Enhances Employee Satisfaction 10.Assists in Maintaining Statutory Compliance Source Link