Employment Hero

Employment Hero is a cloud-based human resources information system (HRIS), payroll and workforce management solution rolled into a single cohesive platform tailored for small and midsize businesses.

At its core, Employment Hero is a comprehensive human resource software solution that is capable of addressing all complex workforce management and payroll processing tasks that most startups, small- and medium-sized businesses (SMBs) often deal with on a regular basis. It is equipped with a wide variety of tools and features that are tailored to handle almost any issue related to HR, employee information, payroll and to a certain extent, workforce productivity.

The cloud-based HR and employee management solution offers a broad range of tools that SMBs and startups can leverage for collecting employee feedback, providing induction content, managing payroll and benefits, as well as onboarding newly hired staff members. According to Employment Hero’s official website, their fully integrated platform has the power to optimize HR-related tasks and reduce time waste by up to 80%, which is believable if you take into account the host of automation tools it has in store for its business customers.

Employment Hero offers a diverse set of products and solutions that empowers SMBs and startups to establish the right workforce management platform that works best for their unique requirements. As a robust human resources information system (HRIS), the cloud-based solution allows them to store and manage all of their policies, procedures and employee data in a secure and centralized location. They have the ability to share any information to as many users and stakeholders as necessary and they also have the means to create a paperless HR ecosystem backed by a solid set of features and tools.

The cloud-based human resource management (HRM) system offers a gamut of features and capabilities, including an employee self-service function that enables staff members and employees to edit their personal and/or banking information, view their timesheets and pay slips, as well as submit requests for paid time off (PTO) and vacation leave. Employment Hero also has a supporting law firm that works to maintain HR policies and employee contracts accurate and up-to-date.

Employment Hero Features

Employment Hero is a cloud-based human resource management (HRM) system that offers three core products for businesses of all sizes across multiple industries. These products are the automated HR software, a payroll management system and a professional employer organization known as Global Teams. The following is a closer look into each of these products and the kind of features and tools they have in store:

Automated HR software solution

Employment Hero’s automated human resources software is a feature-rich end-to-end people management platform that addresses all aspects of the employee lifecycle, from the recruitment process and onboarding to engagement, increased productivity and ultimately their success. This is a cloud-based HR solution, which allows for complete paper-free files, timesheets, contracts, leave documents and policies. The software is also fully compliant, providing a comprehensive library of compliant record keeping, policies, time tracking data and contracts.

The automated HR software is equipped with a robust applicant tracking system. It allows you to easily post job listings to more than 15 different job listing boards and sites. The tool then gives you the ability to efficiently manage all prospects in every stage of the recruitment process without switching between software solutions. You can do the entire applicant tracking process right within the Employment Hero platform.

With Employment Hero’s automated HR software, it’s also easier and more efficient to onboard newly hired employees. And you can do so in a compliant and speedy manner through virtual contracts and policy acknowledgement, with new hires having the ability to complete their own employee files and other requirements electronically. There is also an employee self-service function where employees, both new and old ones, can effortlessly manage their own files, access certifications, timesheets and policies, as well as submit leave requests with the use of their mobile devices.

Employment Hero’s reporting and analytics tools can help you and your team make better, data-driven business decisions with complete insight into all relevant corporate data. This includes compliance information, leave liabilities as well as diversity and inclusion. The reward and recognition feature aims to help minimize turnover and boost employee engagement. It works by recognizing and rewarding individual milestones such as recognizing good deeds and work achievements and rewarding work anniversaries and birthdays. It ensures no achievement or good deed goes unnoticed.

The perks and benefits functionality is offered by Employment Hero to help complement your company’s employee compensation packages. It is powered by the aggregate purchasing power of more than 200,000 users. Then there’s the InstaPay feature, which allows employees to gain access to a portion of their earnings in real time, without having to wait through to the next pay run. This is ideal for emergencies or one of those unexpected one-off expenses that’s too small to apply for a payday loan.

Payroll management system

With a fully integrated HR and payroll management system, you will have the power to automate as much of your payroll processes as you need. It helps minimize double data handling and the errors that are typically associated with it. The system has an automated online payroll feature that allows you to calculate earnings of approved timesheets in real time. It also has automatic leave balances, which allows for quick leave accrual and requests update. Employment Hero’s payroll software can seamlessly integrate with your chart of accounts and human resources information system (HRIS).

Employment Hero’s payroll management software is automated and ATO compliant. It comes with roster management, shift management, as well as time and attendance management tools. Finally, the software also boasts a single-touch payroll reporting and management. You can gain access to all insights regarding your employees, payroll, time and attendance, as well as administrative time off (ATO) information. You can then sync up your chart of accounts for a complete 360-degree view of your entire accounting data.

Global Teams (PEO)

Employment Hero’s Global Teams solution is a best-in-class professional employer organization (PEO) system that allows you to hire remote teams and employees based on skill and expertise, rather than location. Global Teams works to bridge the gap between the best employers and the best talent available, both ethically and legally. This is perfect for businesses and organizations that are looking to expand their operation to new markets or are just struggling to fill open positions with the organization.

Global Teams is an all-in-one solution that eliminates the need for recruiters, middlemen and overseas entities. There’s no risk to worry about since Employment Hero does everything for you by giving you access to highly skilled remote talent across multiple industries. How this works is Employment Hero will act as the employer of record (EOR) or as a professional employment organization (PEO) for skilled workers that are based outside the markets that you’re currently operating in.

Employment Hero Benefits

Employment Hero is a robust, cloud-based HRIS that caters to businesses of any size or industry, empowering them to manage their HR, recognition and benefits, learning, performance and payroll, all within a centralized, fully integrated platform. One of its core benefits is the fact that the platform is available as a native application for mobile devices, both Android and iOS. This enables users to easily access timesheets and employee contacts while on the go.

Employment Hero is equipped with comprehensive reporting technology that allows users to collect real-time insights into their business operations’ performance and status. Another key advantage that this cloud-based solution offers is how it supports third-party integration. Employment Hero can seamlessly integrate with KeyPay, MYOB and Xero, giving users the right tools and capabilities to manage their HR as well as their accounting processes in a secure and unified platform.

With Employment Hero, users have the option to leverage the benefits program, which provides all eligible employees with exclusive incentives and discounts, such as on mobile plans or car financing for example. Finally, Employment Hero makes use of employee self-service to allow both new hires and existing personnel to enter and manage their own personal information, including bank and passport details, as well as leave requests and even their tax declarations.

Employment Hero Pricing

Employment Hero offers flexible pricing plans for growing businesses like startups and SMBs. They have different pricing for each of their three main products and they also offer bundle pricing. The HR software has three pricing plans available: HR Standard at $7/employee per month, HR Premium at $10/employee per month and HR Platinum at $14/employee per month. Both Standard and Premium plans have a minimum requirement of $99/month, while Platinum requires no less than $199/month.

The payroll software has two pricing plans in store: Payroll Standard for $4/employee per month and Payroll Premium at $6/employee per month. For Global Teams pricing, interested parties need to contact the vendor directly to ask for a quote and to learn more about the product. As for the bundles, interested parties must go to Employment Hero’s pricing page to use the bundle pricing calculator and book a demo.

Conclusion

Employment Hero is a comprehensive, cloud-based human resources information system (HRIS) and payroll management solution that is tailored for businesses of all sizes across different industries. This fully integrated, feature-rich platform gives business users the ability to handle the entire employee lifecycle, with specific modules for applicant tracking and recruitment, onboarding, payroll and benefits, time and attendance tracking, performance review, reporting and analytics.