Despite their size, micro and small business enterprises in the Philippines make up a massive portion of its business enterprises.
Among the businesses operating in the country, over 99% comprise Micro, Small, and Medium Enterprises (MSMEs) while less than 1% are large enterprises.
Micro enterprises constitute just over 90% of total establishments, followed by small enterprises at 8.82% and medium enterprises at 0.38%.
MSME establishments generate close to 67% of the country’s total employment; micro enterprises produce the biggest share (33.95%), closely followed by small enterprises (26.26%).
Challenges in the HR domain
Despite their critical role, micro and small enterprises face numerous challenges, especially in managing HR and payroll efficiently.
Challenges in the HR domain include the struggle to maintain compliance with ever-evolving local labour laws and managing routine payroll tasks within limited resources.
These challenges are compounded by the need for streamlining processes to reduce administrative burdens without compromising accuracy or employee satisfaction.
Tailored features for local needs
In the landscape of micro and small enterprises in the Philippines, MiHCM Lite emerges as a dynamic solution that addresses the unique challenges faced by these businesses.
As over 98% of enterprises in the Philippines fall under the micro and small enterprises category, it is crucial that these businesses effectively manage their HR and payroll tasks.
MiHCM Lite offers a range of features specifically designed to cater to these needs, providing a comprehensive approach to workforce management.
Automated payroll management
One of the key features of MiHCM Lite is its efficient payroll management. This feature automates and streamlines payroll processes, ensuring that calculations are accurate and completed swiftly.
With MiHCM Lite, businesses can significantly reduce errors and speed up payroll processing times, freeing up valuable time and resources that can be redirected towards strategic business growth.
The solution’s strict adherence to compliance and regulatory policies ensures that all payroll processes align with Philippine labour regulations, offering peace of mind to business owners.
Why should small biz choose Lite?
MiHCM Lite is a comprehensive mobile-first solution for micro and small businesses that addresses all HR challenges.
Here are some reasons why your business should choose Lite:
- You can streamline your HR operations across the entire employee lifecycle: Lite offers all key components required to optimise your HR operations, from hiring to retirement.
- It is engineered with best-of-breed functional domain knowledge servicing large and mid-sized enterprises: decades of experience servicing large- and medium-scale organisations now adapted to the needs of your micro and small businesses.
- MiHCM provides dedicated support services to make your life easy: Lite is led by a dedicated team which listens attentively to all clients and understands their requirements.
- You can go paperless with a complete mobile-first experience: maximise the productivity and engagement of your remote workforce with MiHCM’s compelling mobile-first experience.
- MiHCM ensures swift implementation to seamlessly move you away from spreadsheets: Lite is built intuitive and easy to deploy and use, making the implementation cycle both faster and shorter.
Strategic HR operations
HR tech strategies can play a pivotal role in ensuring that the Philippines’ micro and small businesses can harness opportunities effectively.
- Integrating HR technology: Lite helps streamline HR processes, making them more efficient and aligned with business goals. Enhancing operational efficiency by automating routine tasks, it also frees up HR professionals to focus on strategic initiatives.
- Data-driven insights: By leveraging workforce analytics, businesses can turn data into actionable insights, enabling strategic decision-making that aligns with corporate objectives.
- Employee engagement: Ensuring employee satisfaction and engagement is crucial. MiHCM offers tools for managing performance effectively, ensuring employees remain motivated and aligned with business goals.
- Enhanced performance management: The system supports tracking employee performance, facilitating timely interventions, and recognition strategies that align with company objectives.
Unlocking productivity
With Lite, business can:
- Easily manage attendance of employees working across various work schedules, shifts, and rosters
- Efficiently track employee leave and attendance
- Process payroll in just a few clicks in compliance with shop and office and wages board requirements and other Government mandates
- Get HR to shift towards data-driven HR decision making
- Accurate statutory reporting
- Essential information and history records of employees at your fingertips
- Manage employee movement (transfers, promotions, re-designations, resignations)
Safety and security
MiHCM solutions are hosted on the most secured cloud infrastructure, Microsoft Azure PaaS.
This ensures the utmost level of security, privacy, and confidentiality across Lite along with audit capabilities.
As an IP CoSell Prioritise Managed Partner GOLD Certified Partner of Microsoft Corporation, MiHCM has extensive experience in deployment and advance configuration with Microsoft public cloud, private Azure subscriptions, and Azure stack deployment.
Ensuring business success
As micro and small enterprises in the Philippines navigate the challenges of managing HR and payroll, MiHCM Lite stands out as an essential partner, offering comprehensive HR and payroll management tailor-made for your business.
By adopting MiHCM Lite, Philippine enterprises can significantly reduce administrative burdens, improve employee engagement, and focus on what truly matters: growing their business.
