SMBs structuring their Overall HR Management Process with a Robust Technology
Small and Medium Businesses (SMBs), designated by an upper limit of 250 employees, have their unique characterization when it comes to HR and HR-related policies and practices. Often underpinning their smaller size and nimbleness are an organizational orientation to grow rapidly, despite capital and resource constraints. Human capital is at the front and center of their differentiation strategy to come up with disruptive innovation that sets them apart from large enterprises, enhances their competitiveness and helps them achieve economies of scale and scope, without sacrificing their agility.
SMBs are often characterized by centralized decision-making by people at
the helm, fewer organizational boundaries or silos and a relatively
seamless communication flow. Due to their growth stage, any human
resource(s) not directly linked to revenue-generation are often
considered wasteful. Organizational development decisions are
implemented on-the-fly, without the need for well-defined systems and
processes. Since everyone's performance is often transparent and
appraised through the year, typical performance appraisal and management
systems are either not in place or considered redundant. While hiring
the best employees, training them well and retaining them is indeed
considered an organizational imperative, the balance often shifts from
strategic HR management to tactical HR management to drive the
day-to-day operations of the company. You'd typically see a 'HR
generalist' instead of an 'HR specialist' in such organizations and even
that person is likely to be a multiple-hatter juggling many balls.
The Role of Technology in Meeting SMBs HR Needs
Technology can play a pivotal role in supporting the aforesaid tactical HR management needs of SMBs. A typical tactical HR technology platform will encapsulate SMBs' needs to process payroll timely and accurately, include core HR capabilities for employee lifecycle management, support leave and attendance management tuned to the practices followed in the firm and factor in additional capabilities for reimbursements and claims processing for business sustenance. Any additional analytics capabilities to glean actionable insights that propel the business forward are an icing on the cake.
greytHR is India’s first HR & Payroll software company to migrate to the cloud. We largely serve SME customers.
With over 22 years of industry experience, we deeply understand the HR and payroll domain. Unlike other companies, we are a highly focussed business and do nothing else. Due to this and the continuous feedback from thousands of our customers, our solutions end up being user-friendly and highly relevant to their needs.
While our customers appreciate the cutting-edge technology solutions that we deliver, they love us for our dedicated, patient and highly responsive support team.
- Fact Sheet:
- Product: GreytHR
- Team size: 158
- Corporate office: Bangalore
- Regional offices: Mumbai, Pune, Delhi, Chennai, Hyderabad & Dubai
- Corporate website: www.greytip.com
- greytHR website: www.greythr.com
Co-Founder & CEO
Co-Founder & CTO
We have six offices throughout the country, along with an office in the UAE.