Everybody requires time-off sooner or later. And, as an HR if you manage it wrong, it certainly could cripple the business; not to mention it can damage your business culture and employer brand. Indeed, a consistent employee working enthusiastically is a plus point, but time-offs are equally important for both employees and employers by contributing to a healthier and more productive workforce. According to a recent study, paid leaves help strengthen family relationships, boost productivity, improve employee retention, decrease healthcare expenses, and donate to the overall well-being of workforces. Therefore, it has become extremely important to build and manifest a rock-steady leave management system (LMS) to manage leaves, process payroll accurately, calculate balance leaves, and track leave requests. SHRMpro LMS enables the HR department to easily assign, track, and approve leaves. Moreover, within a few clicks, the system gives freedom to employees to monitor their leaves while making time-off requests.
Improves Employee Engagement and Satisfaction
Before the advent of HRMS (Human Resource Management Software or System) or its incorporated part LMS, leave management was a lethargic and tedious work that required maintaining hard copies and eye-to-eye negotiations with the direct reporter. Today, the digitally-powered system removes these bottlenecks and manages leaves in real-time. It has also proved beneficial in reducing unexplained absenteeism in the workplace. This has not only saved considerable time but also provided transparency and employee satisfaction.
Better employee Confidence and Wellbeing
When you offer your employees fair and appropriate leaves, they are filled with more confidence in the company and in you as a manager. Good leave management indicates that the company is organized. This boosts trust among employees, resulting in more engaged, motivated, productive, and happier employees, helping your business succeed.
Conversely, poor leave management can develop resentments especially among employees who are responsible to compensate for the work during the absenteeism of his/her colleagues.
LMS Helps you Obey the Law
A full-time employee is entitled to a set number of leaves, no matter where you work or for whom you work. Even, employees who are doing part-time are designated to leave, proportionate to the hours they are employed. By ensuring that your workforce is availing the lawfully entitled number of leaves, you create an environment of trust and respect in the workplace which ultimately leads to company success.
The implementation costs of a leave management system or an end-to-end HRMS are small compared to the unprecedented benefits it adds to a company. A full-stack and AI-powered LMS can help any HR team to save a handsome amount of money, time, and resources which can be leveraged on other useful training, programs, and initiatives, helping your company to achieve goals with flying colors.