Page 2 - Brochure
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BENEFITS
        HRIS stands for Human
        Resources Information System.
        The Human Resource                                  HRIS software solutions

        Information System is a system                      provide a number of
        used to collect and store data                      benefits for companies large
        on an organization's                                and small. They can be split
        employees, like their name,                         into two groups: those that
        address, age, salary, benefits,                     benefit the business owner
        time and attendance,                                and HR department and
        performance reviews, and                            those that benefit the
        more. This data is valuable                         employees.
        input for data-driven decision-
        making in HR.                                                  COST



                    PURPOSE                                 The average cost for
                                                            an HRIS system is US$6,125

        The main purpose of                                 per user over a five year
        maintaining HRIS system is to                       period or US$100 per user
        gather, classify, process, record                   per month.
        and disseminates the                                Consulting fees – Consulting
        information required for                            fees vary from $0 (if
        efficient and effective                             included with your
        management of human                                 software subscription) to
        resources in the organization.                      about $150 per hour if you

                                                            use an outside HR
                                                            consultant.


                                                            Support fees – Some HRMS
                                                            software companies charge
                                                            additional software support
                                                            fees that may run a few
                                                            hundred dollars a year.
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