{"id":57,"date":"2009-01-28T00:22:40","date_gmt":"2009-01-28T00:22:40","guid":{"rendered":"http:\/\/www.hr-softwareblog.com\/?p=57"},"modified":"2012-06-05T21:02:45","modified_gmt":"2012-06-05T21:02:45","slug":"economic-crisis-human","status":"publish","type":"post","link":"https:\/\/www.comparehris.com\/blog\/economic-crisis-human\/","title":{"rendered":"Economic Crisis for Human Resource?"},"content":{"rendered":"<p>Economic\u00a0 Crisis for Human Resource?<br \/>\nNot a crisis for Human Resources<\/p>\n<p>As the economy slows and seemingly every week bad news seems to point toward a business recession,\u00a0<a href=\"http:\/\/www.comparehris.com\/\">Human Resources Information Systems<\/a>\u00a0and\u00a0<a href=\"http:\/\/www.comparehris.com\/guide\">Payroll software<\/a>\u00a0innovations can help companies better prepare to deal with the management of people, pay and benefits.<\/p>\n<p>Having a GOOD\u00a0<a href=\"http:\/\/www.comparehris.com\/Economic-crisis-for-hr\/\">Human Capital Management System<\/a>\u00a0is like having an optic nerve, you never really notice it unless you\u2019re in Human Resources until it\u2019s gone and you\u2019re in the dark \u2013 literally. The solutions provided by Perfect Software empower companies to make wiser decisions upon how they manage their most important asset, the people who are their company.<\/p>\n<p>With the shrinking of the economy, some businesses are unfortunately being faced with tough decisions to make, downsizing or \u201cright sizing\u201d scenarios are not uncommon as sales sputter and company budgets are cut. Many companies choose to cut unnecessary expenditures but eventually the tough decisions involving employees must be dealt with.<\/p>\n<p>It is precisely during these scenarios where companies need vital data in order to help them make informed decisions about what to do. Where are the critical jobs, who are my best performers, where should the cuts be made and what financial impact will these cuts have on people and their associated costs.\u00a0 Not only are salaries affected but also benefits and taxes can have an impact on the bottom line. This in turn helps many companies to better understand and plan their course of action that will minimize the effects of downsizing.<\/p>\n<p>How does this all work? By using more sophisticated\u00a0<a href=\"http:\/\/www.comparehris.com\/PerfectSoftware-HRIS---Payroll-Suite\/\">Human Capital solutions\u00a0<\/a>companies can quantify and analyze data in a logical manner and to get customized reports and see the impact of changes to their workforce. Furthermore these solutions can help to look ahead and aid in projecting into the future while analyzing the past.<\/p>\n<p>This all means a more informed management staff, and a more informed planning process. With a better information flow and more accurate data flowing into the hands of key decision makers the outcome is often times much different from what would have been.<\/p>\n<p><strong>About the author.<\/strong><br \/>\nMichael Gabriel is President and CEO of\u00a0Perfect Software, an industry leading\u00a0<a href=\"http:\/\/www.comparehris.com\/HR-Management-System-webinars-SIGN-UP\/\">HR Management System<\/a>\u00a0and Payroll Software Company with more than twenty years experience in the domain of human resource information systems. Perfect Software provides solutions to medium and large sized companies to help them tackle all aspects of Human Resources and Payroll. Perfect Software is a three time Deloitte and Touche \u2018Fast 50\u2019 winner, a Microsoft certified partner, and was recently selected one of the top technology firms in Connecticut.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Economic\u00a0 Crisis for Human Resource? Not a crisis for Human Resources As the economy slows and seemingly every week bad news seems to point toward a business recession,\u00a0Human Resources Information Systems\u00a0and\u00a0Payroll software\u00a0innovations can help companies better prepare to deal with the management of people, pay and benefits. Having a GOOD\u00a0Human Capital Management System\u00a0is like having &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.comparehris.com\/blog\/economic-crisis-human\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Economic Crisis for Human Resource?&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"enabled":false},"version":2}},"categories":[4],"tags":[],"class_list":["post-57","post","type-post","status-publish","format-standard","hentry","category-hr-software-information","entry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.3.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\r\n<title>Economic Crisis for Human Resource? - HRIS - Compare HR Software Blog<\/title>\r\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\r\n<link rel=\"canonical\" href=\"https:\/\/www.comparehris.com\/blog\/economic-crisis-human\/\" \/>\r\n<meta property=\"og:locale\" content=\"en_US\" \/>\r\n<meta property=\"og:type\" content=\"article\" \/>\r\n<meta property=\"og:title\" content=\"Economic Crisis for Human Resource? - HRIS - Compare HR Software Blog\" \/>\r\n<meta property=\"og:description\" content=\"Economic\u00a0 Crisis for Human Resource? Not a crisis for Human Resources As the economy slows and seemingly every week bad news seems to point toward a business recession,\u00a0Human Resources Information Systems\u00a0and\u00a0Payroll software\u00a0innovations can help companies better prepare to deal with the management of people, pay and benefits. 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