• 10 min
Human Resource Management (HRM) Software Development: Cost & Benefits
Read about common types, features, and benefits of a Human Resource Management (HRM) system, as well as its approximate cost, and common development issues.
Bespoke HRM software development is the best way to tune payroll and benefits, streamline the hiring process and boost employee performance within your company. And here is why.
Human resource management system software is a complex software solution featuring a set of handy tools for facilitating numerous operations within the HR department and automating the employee management process in general.
HR software solutions are a sheer lifesaver for HR managers since such apps allow them to keep track of sick leaves, do payroll management, perform time tracking, and everything else.
Development process consists of 4 main steps. Fively specialists will be involved in every stage of engineering your custom software.
01
UI/UX design
Our designers will come up with a design that will be not only stylish but also very functional.
02
MVP development
Our engineers will develop an MVP to showcase to you all the needed functionality.
03
Code optimization
Our QA team will polish up your HRM software product to make it run like clockwork.
04
Support
Our work will not end after the release, because we will continue to update your HRMS solution to keep it running.
Medical Resource Management Application: AviMedical
Fively has developed a cutting-edge custom medical resource management app for a chain of modern practices caring about numerous patients across Germany.
HR Compensation Software Development
Our engineers developed modern HR compensation software that automates HR surveys, speeds up calculations, and provides real-time data reports and visualizations.
Patient Management Platform: SNAP
Our engineers have developed a patient management platform that makes well-considered decisions based on artificial intelligence algorithms.
It is crucial to choose modern technologies for your software development project.
Backend
Frontend
Cloud
Database
The advantages of a human resource management system are not limited to just automating the workflow in the HR department. Let us take a closer look at other benefits of HRM software development.
Smart cost management
Human resource process management software allows fine-tuning of payroll systems, which in turn will lead to more meaningful spending.
Data protection
Keeping employee data safe is vital. Modern HR management applications have convenient tools to lock information about your team members away.
Increased efficiency
HR software is the best way to streamline recruitment management and performance management to a great extent.
Individual approach
With the help of cutting-edge HR systems, it is possible to provide a unique employee experience and thereby increase employee engagement rates.
Reduced amount of errors
One of the coolest HRMS software features is automation since it can decrease human factor mistakes significantly.
Simplified decision-making
Benefits of HR software include the collection and analysis of related stats. Having some figures at your command will make it easier to take decisions.
Present-day HRMS systems have an enormous range of features that will definitely appeal to any HR specialist. Creating custom HRM software, you will be limited only by your own wishes and needs.
HRMS platforms consist of small modules that are developed for the specific needs of the HR team. Here are some modules that can be implemented in your future employee management system.
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Despite the fact that modern developers tend to unify software for employee management and quite often the borders are blurred, HR systems can still be divided into the following smaller categories.
Payroll systems
These apps allow you to calculate the wages of employees, taking into account various aspects, including taxes. Such systems perform complex calculations based on parameters such as working hours, sick leaves, the number of tasks completed, and so on.
Application Tracking Systems (ATS)
These solutions are necessary so that HR managers can conveniently store numerous CVs and quickly search for the most relatable ones by means of specific filters.
Human Capital Management Systems (HCM)
Software like this is used by HR professionals to track employees' skills, assign them to appropriate roles, and help develop employees as professionals by focusing on their personal strengths and weaknesses.
Human Resource Management Systems (HRMS) and Human Resource Information Systems (HRIS)
Both terms mean the same thing and are often used interchangeably. Simply put, these kinds of software are the ultimate combination of all previous types of HR systems (or just some of them) and allow you to fully control all the processes within the human resources department.
At Fively we provide the whole range of HRMS software development services. Our developers create sophisticated human resources information systems that will help you make a quantum leap in how you interact with your employees within the company.
You can rely on us if you need a well-knit team of top-notch developers to update some legacy HR software. On the other hand, our engineers and designers have vast experience in building custom human resource management systems from ground zero.
If you are a business owner who is primarily interested in the second option, namely HR platform engineering from scratch, then we can offer you not only a software solution with rich functionality suitable for all intents and purposes but also a narrowly defined program for talent management.
Contact us, and together we will find the set of functions that should come in handy in your particular case of HR software development.
The development of custom HR solutions is, foremost, the creation of a complex product, each element of which is engineered taking into account individual specifications. When estimating the approximate cost of HR software development in your mind, you should remember that the implementation of a big volume of HRMS software features is going to cost you a pretty penny. While more minimalistic, but no less effective, solutions will be much cheaper.
Therefore, the cost of developing a custom HRM platform directly depends on the functionality and modules that the engineering team will have to implement. The cost of the simplest system with a minimum set of options can start from $30,000.
At Fively, we practice an individual approach to clients and design reliable software solutions, taking into account all the possible limitations of the resources available.
Contact us and our engineers will estimate your future HRM project free of charge.
Enjoy the recent articles, whitepapers, and technical guides on HRM software development written by our specialists.
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