HR Audit Software vs HR Compliance Software
Human resource management is an essential aspect of running a successful business. It entails managing a company's most valuable resource - its employees. However, with increasing regulations and compliance requirements, managing HR can be a daunting task. This is where HRM software comes in to make HR management a breeze. Two types of HRM software that companies can use are HR audit software and HR compliance software. In this blog post, we will compare these two types of software.
What is HR Audit Software?
HR audit software is a tool that helps HR managers conduct regular evaluations of their company's HR practices, policies, and procedures. The main objective of an HR audit is to identify any areas of non-compliance or areas that need improvement. HR audit software enables companies to audit their HR procedures quickly and efficiently with automated checklists, questionnaires, and reports. It helps organizations assess their HR practices and make necessary improvements.
What is HR Compliance Software?
HR compliance software helps organizations comply with regulatory and legal requirements related to HR practices. With HR compliance software, companies can ensure that they are following federal and state regulations such as the Family and Medical Leave Act (FMLA), Fair Labor Standards Act (FLSA), and Equal Employment Opportunity Commission (EEOC) guidelines. HR compliance software automates compliance tasks, such as tracking employee certifications, managing employee benefits, and providing compliance training for employees. It helps ensure that companies do not face legal repercussions for non-compliance.
Comparison
| HR Audit Software | HR Compliance Software | |
|---|---|---|
| Objective | Assess HR policies and practices | Ensure compliance with legal and regulatory requirements |
| Features | Automated checklists, questionnaires, and reports | Compliance tracking, benefits administration, and training |
| Purpose | Identify areas of non-compliance or areas that need improvement | Avoid legal repercussions for non-compliance |
| Benefits | Helps companies improve HR practices | Helps companies avoid legal issues |
| Example | PeopleDoc | Zenefits |
Which One Should You Choose?
Both HR audit software and HR compliance software are essential for HR management. Companies can choose to use one or both types of software depending on their HR management needs. If a company wants to assess its HR policies and practices and identify areas for improvement, HR audit software would be the best option. On the other hand, if a company wants to ensure that it is complying with legal and regulatory requirements, HR compliance software would be a better choice.
Conclusion
HR audit software and HR compliance software can help organizations manage their HR practices efficiently. While HR audit software helps improve HR practices, HR compliance software helps companies avoid legal issues. Companies can choose to use one or both types of software depending on their needs. By automating HR tasks, companies can devote more time to more strategic initiatives.
References
- PeopleDoc. (2022). HR audit software. Retrieved from https://www.people-doc.com/hr-audit-software
- Zenefits. (2022). HR compliance software. Retrieved from https://www.zenefits.com/hr-compliance-software/