The Current Challenges
A leading finance firm dependent on traditional means of managing resources, time, and employees carried out tasks that were completely manual, labour-intensive and time-consuming.
They spent countless HR man-hours carrying out the backend and administrative tasks, such as time management, leave management, employee logs, etc.
The client also spoke about their employees often approaching them with queries such as their salary structure bifurcation, leave policies, etc., which consumed more time and resources. They preferred to have a system in place that would simplify such tasks, right from reporting policies to data analysis.
The Aykan Methodology
At Aykan, we developed a practical, economical, modifiable, and accessible system that focuses on streamlining HR data. Here’s how we did it.
Exceptional Experiences for Exceptional Employees
One of the more critical aspects of an HR management module is the importance of a baseline organizational setup. We identified the number of offices that would be HQ based, which regions or countries around the world needed to be monitored locally, and the mode or process of review to be set up for each. This included the organizational hierarchy, campus information, department, and sub-department bifurcation, as well as the reporting roles within each of these.
This section entails one of the core aspects of the HR management tool. Our employee management feature allowed us to create a centralized laundry list of employees, including all possible details related to the employee, and it became a one-stop solution for their management. Every aspect of the employee’s journey within the organization can be recorded, tracked, and analyzed with this feature.
Payroll and Finance Module
Another challenging aspect of an HR’s role is to maintain consistency and integrity with payroll management. Our firm helped our client with complete payroll management services, including calculating incentives, bonuses, overtime, and more. The client could also request a loan, track it, and manage it within the system. This completely automated the tedious process of monthly payroll disbursement.
Time & Attendance
The client’s firm had a range of different employee categories and various means of accessing their availability. While the non-sales staff remained within the premises of the organization all day, the sales staff had to travel across the country and even borders for work. The time and attendance management system accounted for their time, including auto-adjusting their leave calendar, keeping track of the leaves, as well as the number of hours they put in. This made it easier to conduct cost calculations due to leave deductions and work hour deductions, significantly simplifying the process.
The greatest benefit that the client experienced from this software tool was that the employees became self-sufficient with all their HR-related queries. Every employee had their own restricted access to their employee-related details. This became a one-stop front for leave applications, asking for permissions, getting approvals, and more.
We created a completely customized solution that allowed the client to meet their HR needs with ease.
The client can now save hundreds of man-hours that were initially consumed by manual data entry. It has also reduced the number of small queries that the employees would have regarding employee management. The firm also observed that the employee could use a structured pattern to track and trace their requests and approvals. This improved overall organizational transparency and efficiency and reduced manual errors and complexities significantly.