If you find yourself reading this, chances are you’ve decided to implement a digital HR solution.
And that gives rise to a critical question: should you opt for a cloud-based or on-premise software solution?
By leveraging cloud technology, organisations can streamline processes, achieve higher scalability, and minimise the extensive costs associated with maintaining hardware infrastructure.
The move towards cloud-based HR not only supports real-time data access and accurate decision-making but also enhances data security.
This shift signifies a strategic progression from traditional HR practices to innovative, tech-driven operations, as highlighted by MiHCM.
Our comprehensive suite of products exemplifies the seamless integration of payroll and HR systems, contributing to a dynamic transformation of workforce management.
Here’s why we at MIHCM believe in cloud-based solutions.
It makes more financial sense
A cloud-based human resources management system doesn’t require an upfront lump sum investment.
With lower upfront costs and pay-as-you-go fees, it is far more sustainable and makes a lot more sense than an on-premise solution that will require a significant investment in hardware and software, ongoing maintenance costs, and upskilling or hiring.
With cloud-based solutions, companies only pay for the services they use, allowing for transparent budgeting and cost management.
Ease of operation
Cloud-based systems are hosted and run on cloud infrastructure owned and operated by a third-party cloud provider.
MiHCM’s Enterprise solution, for instance, runs on Microsoft’s Azure platform – offering the best possible performance, reliability, and security.
You also don’t need to carry out any maintenance; your software provider will do it all for you.
On-premise systems, however, are limited to a specific location from which they operate, which is often a basic server room.
Transitioning to the cloud allows companies to enjoy increased flexibility, enabling HR professionals to perform essential tasks anytime and anywhere.
Scalability to adapt to business changes
Cloud-based HR solutions are designed to adjust to changing business needs.
Whether your company is expanding or downsizing, cloud solutions allow you to scale your user capacity and features without disrupting operations.
This flexibility is crucial for businesses aiming to stay agile in a dynamic market.
Automation of repetitive tasks
Automation is a hallmark of cloud-based HR platforms, streamlining routine tasks and minimising human error.
Functions like attendance tracking and payroll processing can be automated, allowing HR professionals to focus on strategic initiatives rather than administrative duties.
Remote workforce management
Cloud-based digital HR solutions – like MiHCM Enterprise and Lite – leverage cloud technology to offer robust features such as remote workforce management.
This enables a more decentralised management approach, perfect for supporting remote teams and making informed decisions based on real-time data analytics.
Streamlining recruitment
The digital revolution in human resources is shifting recruitment processes to be more efficient and robust using cloud-based HR solutions.
Integrating seamlessly, these systems leverage AI-driven tools for optimised candidate selection.
This not only accelerates time-to-fill positions but also broadens candidate reach, ensuring the right fit for the company.
Modern onboarding techniques
Paperless onboarding is another breakthrough provided by cloud-based HR solutions.
By using electronic forms and e-signatures, the onboarding process becomes both swift and efficient, leaving a positive impression on new hires.
Improved candidate tracking and communication systems also simplify the integration of new employees into the organisation.
Data security
In an increasingly digital world, the security of sensitive HR data is paramount.
Cloud-based HR solutions are equipped with cutting-edge security measures that protect your workforce’s critical information. These systems employ advanced encryption standards to safeguard data, ensuring that only authorised personnel can access it.
MiHCM, renowned for its HR & Payroll systems, offers comprehensive solutions that are not only secure but also innovative, ensuring that organisations can manage and secure their HR data effectively while remaining compliant with local and international standards.
AI and Analytics
The integration of AI and analytics into cloud-based HR platforms empowers organisations to assess metrics in real-time, which optimises talent management strategies and enhances overall workforce productivity.
Embracing AI and analytics not only boosts operational efficiency but also provides a more user-friendly experience.
User-centric experience
With the demand for user-centric design in HR platforms growing, cloud-based platforms are refining user interfaces and enhancing mobile capabilities, ensuring that employees and HR professionals can effortlessly navigate and access the necessary tools.
Cloud-based HR systems also provide employees with user-friendly self-service portals, which not only enhances transparency but significantly reduces the administrative burden on HR staff.
Mobile capabilities, like MiHCM’s virtual assistant MiA, empower employees to manage HR tasks on the go, from anywhere.
Enhanced communication channels within these cloud-based solutions improve engagement by ensuring employees are always in the loop with company updates, policy changes, or team notifications. This promotes a more open and communicative workplace environment, contributing to increased productivity and morale.
In summary, transitioning to cloud-based HR solutions can lead to smarter spending decisions, improved scalability, enhanced operational efficiency, and a host of more benefits, which support the overarching goal of transformative HR management.
