COVID-19 caused great stress among people. Micro, small and medium-sized enterprises (SMEs) are extremely affected. The pandemic has pushed many of these businesses to the brink, leading to loss of income and unemployment for millions.
As the Philippines slowly recovers from the pandemic, more and more people are applying for jobs again. How can SMEs prepare for the “Big Sublease”?
The big resignation
In a recent study, an average of 73.1% of SMEs were forced to close their businesses a few weeks after the COVID-19 outbreak, and blocking measures were implemented. While more than half of micro-enterprises had no sales in March 2020, others had to be creative with their decisions to continue to deliver sales. This meant that they had to cut staff or reduce their budgets for other expenses such as the salaries of the existing workforce. The bottom line is that they had to make some sacrifices to continue their work.
This also affected the workforce. Their struggle and frustration with the new normally manifested itself in The Great Resignation. The Philippines registered a 176% increase in voluntary resignations in all industries.
The big sublease
There is a light at the end of the tunnel. The region of the national capital and 48 other districts in the Philippines have remained at the most lenient level of warning for COVID-19 – level 1. This means that the economy is recovering for the most part, as private establishments and government agencies are allowed to work at full capacity on site. More people have regained access to public transport and restaurants, making it easier to get around. Some companies require employees to return to work on site. Some companies are also considering reclaiming the workforce they lost during the height of the COVID-19 epidemic.
As more and more companies hire employees to offset losses from previous years, here are some things you may want to consider:
- Is your company ready for the sudden influx of added labor?
- Are your company’s systems prepared for this influx?
- What are the steps you are taking to ensure the smooth introduction of your new employees?
- How can you make these extra team members feel supported by the company?
One way is to use an intelligent and modern universal software platform for human resources and salaries to manage attendance, timekeeping, payroll and employee data.
Complete HRIS package and payroll software from GreatDay HR
GreatDay HR provides SMEs with an affordable, easy-to-use HRIS and payroll platform that is tailored to the Philippine market.
Here’s how your company can use it to prepare for the Big Re-Hire
1. Designed for the Philippines by Filipinos
HRIS and GreatDay payroll software was designed with the Filipino employee in mind. One of the main features is that Philippine taxes will now be displayed in the interface without having to convert or populate individual pages from third-party websites. This not only reduces errors, but also reduces data security risks.
2. Automated work for greater productivity
GreatDay’s user-friendly software can help your HR:
With these automated features, your HR becomes more productive!
3. Easy to use interface for everyone
GreatDay’s HRIS and payroll software is easy to use. Every information entered, from company processes to employee data, will be stored in the system. The transition from paper submission to online platform submission will be seamless.
Manual HR processes such as submitting government documents, monitoring salaries, or updating employee information can be done with a few clicks.
4. Add-ons available for a better user experience
GreatDay HR brings the personalized user experience to the fore.
Typically, basic HRIS and payroll software covers employee data, hours of work, and attendance and payroll. GreatDay HR provides them, then offers add-ons such as performance management, recruitment and internal communications.
Other additions include a place for employees to submit their leave, update their employee data and upload the necessary documents. This allows your workforce to gain a sense of ownership and privacy. GreatDay HR also allows your HR team and line managers to complete approvals within the platform. This makes processes faster and more efficient so you can focus on better managing your employees.
With these options, SMEs can mix and match the core package of complementary services to create HRIS tailored to their specific needs.
5. Affordable prices for Filipino SMEs
Excellent payroll software doesn’t have to be expensive. GreatDay HR recognizes the importance of every peso for SMEs, so it strives to be one of the most cost-effective pay systems in the Philippines. Their HRIS and full pay platform comes with flexible plans to suit each company’s budget. Add-ons are also reasonably priced for companies that want to expand the automation of their HR processes throughout the organization.
Human resources staff need to know that adapting to the digitalisation of human resources systems in the Philippines is the only way to stay competitive in the long run. To make “Great Re-Hiring” easier for everyone, especially the human resources department, use HRIS software and payroll like GreatDay HR. It is configurable, accessible and modified according to the needs of Filipino SMEs!
GreatDay HR is one of the platforms offered by SunFish DataOn Philippines Inc. (SDP), a leading provider of cutting-edge human resource technology solutions used by thousands of companies in the Asia-Pacific region, including the Philippines. Together with its subsidiaries Humanica Thailand and DataOn Indonesia, SDP is creating HRIS and Payroll Solutions to empower employees everywhere. With its 50+ employees and growing in the Philippines, SDP offers a comprehensive and smooth support service to all its valuable customers.
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