Saudi Arabia has one of the leading economies in the world. It is considered the biggest economy in the Middle East and the entire Arab world. While the economy of the country is mostly dependent on oil, it also has thriving real estate and construction sectors that employ millions of locals and foreign staff annually.
The industry of human resources is currently facing huge transformations to keep up with global HR trends. According to a 2019 report from KPMG, 63% of all HR executives in the country agreed that HR initiated or just completed a digital transformation, while only about 42% have an existing digital workplace.
Learning more about the benefits of HR software in Saudi Arabia, like the Software-as-a-Service (SaaS) in businesses, will help more HR executives decide to invest in these innovations.
HR SaaS Defined
The HR SaaS is a type of software used by people online through the Internet. Also referred to as the cloud HR software, it aims to reduce the need to install anything physically on the computers. It also helps avoid paying for highly expensive office-based infrastructure to support the software.
With the presence of the HR SaaS system, authorized people can access the solution anytime using any web-based device.
Benefits Of HR SaaS
The SaaS-based HR software allows businesses to have the computing power and ability to thrive and survive in the information era without using the traditional HR approaches. There are plenty of helpful benefits that HR software in Saudi Arabia can provide for businesses. It includes:
#1: Reduced Paperwork
In the past, HR offices are notorious for storing piles of papers and bulky filing cabinets. But with the emergence of cloud-based HR solutions, the department can finally store all the information of everyone in the organization securely in the apps. It will help the HR staff to look for any employee’s detail in an instant.
#2: Employee Performance Assessment In Real-Time
One of the most critical tasks of an HR manager is doing employee performance assessments. Traditionally, the HR department of companies conducts performance reviews annually.
But today, the performance assessments can begin as soon as the staff begins on the first day of work and continue as long as they belong to the company. Having this type of assessment needs plenty of paperwork in the past.
But by using HR software, the department can track the performance of every employee as it happens. Today, gathering data and evaluating it becomes so much easier due to the built-in dashboards, machine learning, and reports.
#3: Provides Faster Access To Pay And Benefit Details
Using HR SaaS software, the employees can access all the important information about their salaries and other benefits whenever they need it. They can use any device to access the details. It will allow them to track how much of their salary goes to taxes and other deductions.
Also, employees may see the changes in their pay and other benefit settings. The cloud system can help set up any direct deposit charges, update their health insurance and other transactions without the need to request from the HR professional.
#4: Improves Scalability Of HR Efficiencies
Due to the currently unstable economic landscape, businesses must be ready for any changes. The HR SaaS lets businesses develop a scalable HR process that quickly implements new features as the business changes.
Before the emergence of SaaS, companies must purchase costly hardware to anticipate business growth. It will incur high operational costs.
But with cloud-based software, the business may adjust the system’s capacity depending on the current workload demand without major cost changes. It means the company can handle any tasks without worrying about going over budget.
#5: Provides Better Security
The systems of HR SaaS feature high-quality security. It keeps all files and data confidential all the time. Because of this, the HR software can provide valuable data security and offer various backup solutions to ensure that the data is safer against unauthorized access and accidental deletion.
Bonus Benefit: Environmental-friendly Operations
Aside from the efficiency and cost-efficient advantages, the SaaS solutions can help lessen the environmental footprint. The significant decrease in printing forms and other materials will help the department reduce the need to use papers. It also decreases paper wastes and other garbage.
Embracing digitalization in HR operations can help the department accomplish all the tasks in the fastest and most efficient way possible. So for those running a business in Saudia Arabia and other parts of the world, it would be best to choose to invest in these solutions for better workflow.