More and more SMBs are embracing Software as a Service (SaaS) technology to support their hiring. Small businesses often have to handle all things HR with a limited number of hands to help out. That is why SaaS HR technology is a no brainer for SMBs who don’t have a large budget or dedicated staff.
Top three reasons why SMBs should act now in regards to SaaS HR Tech:
- Budget and Scalability of Software - Small businesses have to do more with less. SaaS platforms make it feasible for companies of all sizes to utilize technology. Gone are the days of long HR Tech implementations that require months of time and a dedicated IT staffs to host software. SaaS makes implementation quick without IT support. These systems can also save time and money so operators can focus on their business.
- Competition - As SMBs compete with large corporations for talent, especially during this historically low unemployment market, being proactive with recruiting and retaining employees is vital for success. No matter what the size of business might be, top-tier candidates expect top-tier tools and methods of recruiting. They expect mobile, at their fingertip access, appealing career pages, and user-friendly application and onboarding processes. SaaS platforms level the playing field.
- Compliance - Did you know that the Federal Form W-4 changed starting January 1, 2020? When you don’t have a full HR team to stay up to date on employment forms, it can be a daunting task for a small business operator. SaaS HR Technology has taken this burden off owner/operators.