iSolved Human Capital Management (HCM) is a comprehensive platform designed to simplify HR and payroll tasks for businesses of all sizes. With a wide range of features, iSolved helps organizations manage their workforce efficiently and effectively. This article provides an overview of the key functionalities that make iSolved a valuable tool for human resource management.
Key Takeaways
- iSolved allows businesses to customize their payroll processes, including options for manual entry and direct deposit.
- The platform streamlines hiring through applicant tracking, making it easy to post jobs and manage candidates.
- iSolved enhances the onboarding experience with electronic forms that can be completed on any device.
- Timekeeping features include mobile clock-ins and alerts for time-off requests, making it easy for employees to track their hours.
- The benefits administration tool simplifies enrollment and reporting, ensuring employees have access to the right options.
Customizable Payroll Process
The customizable payroll process in iSolved allows businesses to tailor their payroll systems to meet specific needs. This flexibility helps organizations manage payroll efficiently and accurately.
Manual Payroll Entry
- Users can enter payroll data manually, ensuring that all information is accurate before processing.
- This feature is particularly useful for small businesses with unique payroll requirements.
- It allows for adjustments and corrections as needed, enhancing accuracy.
Direct Deposit and Live Check Printing
- Employees can choose between direct deposit and live checks for their payments.
- Direct deposit ensures timely payments, while live checks can be printed for those who prefer them.
- This dual option caters to diverse employee preferences, improving satisfaction.
Payroll Tax Liabilities
- iSolved automatically calculates payroll tax liabilities, reducing the risk of errors.
- Users can easily view and manage tax obligations, ensuring compliance with regulations.
- This feature simplifies the tax filing process, making it less stressful for businesses.
Reporting Options
- The platform offers various reporting options to track payroll data effectively.
- Users can generate reports on payroll expenses, tax liabilities, and employee earnings.
- These insights help businesses make informed financial decisions and improve budgeting.
The customizable payroll process in iSolved is designed to meet the unique needs of each business, ensuring a smooth and efficient payroll experience.
By utilizing these features, companies can streamline their payroll processes and focus on their core operations, ultimately enhancing productivity and employee satisfaction.
Applicant Tracking and Hiring
Job Posting and Distribution
The iSolved platform simplifies the job posting process. You can easily share job openings across various platforms, including popular job boards like Monster and Indeed. This helps you reach a wider audience and attract more candidates.
Resume Upload and Application
Candidates can quickly upload their resumes and apply for jobs through a user-friendly interface. This feature streamlines the application process, making it easier for both applicants and hiring managers.
Interview Scheduling and Rating
With iSolved, managers can schedule interviews directly within the system. They can also rate applicants based on their performance during interviews. This helps in making informed hiring decisions swiftly, while continually refining your hiring processes.
Job Offer Management
Once a candidate is selected, the platform allows for easy management of job offers. You can customize offer letters and track the acceptance process, ensuring a smooth transition from candidate to employee.
The iSolved system is designed to enhance your applicant recruiting efforts, making it easier to find and hire the right talent for your organization.
In summary, the iSolved applicant tracking and hiring features provide a comprehensive solution for managing the entire hiring process, from posting jobs to onboarding new employees.
Electronic Employee Onboarding
Mobile and Desktop Onboarding
With isolved, new employees can easily onboard using their mobile devices, tablets, or desktops. This flexibility allows them to complete the onboarding process at their convenience, making it a smooth experience.
Electronic Form Completion
The onboarding process is streamlined with electronic form completion. New hires can fill out important documents like the W-4 and Form I-9 online. This reduces paperwork and speeds up the process. Here are some key forms that can be completed electronically:
- W-4 Form (Federal Tax Withholding)
- Form I-9 (Employment Eligibility Verification)
- Company Policies and Handbooks
Company Policy Acknowledgment
Employees can easily acknowledge company policies through the platform. This ensures that they understand the rules and guidelines of the workplace. It also helps in maintaining compliance with legal requirements.
The electronic onboarding process not only saves time but also enhances the overall experience for new employees, making them feel welcomed and informed from day one.
Timekeeping and Time Off Tracking
Mobile and Physical Time Clocks
With flexible options for time tracking, employees can clock in and out using either mobile devices or physical time clocks. This integration ensures that all recorded hours flow directly into the payroll system, making it easier for everyone involved.
Time Off Balance Tracking
Employees can easily monitor their time off balances and submit requests for time off. This feature simplifies the process, allowing for quick approvals and clear visibility of available leave.
Customizable Alerts
Managers can set up alerts to stay informed about important events. These alerts can notify them when:
- An employee is late clocking in.
- A punch-out is missed.
- An employee is approaching overtime.
- A time off request is submitted.
The timekeeping features in iSolved streamline communication between HR and employees, making it easier to manage employee leave effectively.
This comprehensive approach to timekeeping and time off tracking helps organizations maintain accurate records and improve overall efficiency.
Benefits Enrollment and Administration
Customizable Plan Options
With iSolved, companies can tailor their benefits plans to meet the specific needs of their employees. This means that the options available can be adjusted based on eligibility requirements, ensuring that everyone gets the right benefits for their situation. Employees can easily enroll using their mobile devices, tablets, or desktops.
Mobile and Desktop Enrollment
The enrollment process is designed to be user-friendly, allowing employees to:
- Access their benefits information anytime, anywhere.
- Complete enrollment forms quickly and efficiently.
- Make changes to their benefits as needed without hassle.
Benefit Reporting Tool
iSolved includes a powerful reporting tool that helps managers and business owners keep track of benefits administration. This tool provides:
- A variety of reports to analyze benefits usage.
- Insights into employee participation rates.
- Data to help make informed decisions about future benefits offerings.
The benefits enrollment process is streamlined, making it easier for employees to understand their options and for employers to manage their plans effectively.
Expense Reimbursements
Managing expenses is simple with iSolved. Employees can easily enter their expenses and upload receipts through the platform. This streamlines the approval process, allowing managers to quickly approve or deny requests based on the provided information. Once approved, employees receive their reimbursements in the next payroll cycle, ensuring they don’t have to wait long for their money.
Submission and Approval Process
- Employees submit their expenses through the iSolved platform.
- Managers review the submissions and make decisions to approve or deny.
- Approved expenses are processed for the next payroll.
Expense Status Transparency
- Employees can track the status of their expense submissions.
- Notifications are sent to keep everyone updated on approvals or denials.
- This transparency helps maintain trust between employees and management.
Tax Statement Integration
- iSolved integrates expense data into tax statements.
- This ensures that all reimbursements are accurately reported.
- Employees can easily access their tax information when needed.
The expense reimbursement feature not only enhances employee satisfaction but also improves the overall financial health of the business by organizing and streamlining the process.
Additionally, iSolved supports health reimbursement arrangements (HRA), which are employer-designed plans that help reimburse eligible out-of-pocket medical expenses. This feature further enhances the benefits available to employees, making it a comprehensive solution for managing expenses.
Talent Management
Performance Management
Effective talent management is crucial for any organization. This involves recognizing and enhancing employee performance through regular feedback and evaluations. By fostering a culture of open communication, companies can ensure that employees feel valued and motivated.
Employee Development Programs
Investing in employee growth is essential. Here are some key aspects of development programs:
- Training Workshops: Regular workshops to enhance skills.
- Mentorship Opportunities: Pairing employees with experienced mentors.
- Career Pathing: Helping employees understand potential career advancements.
Charitable Giving and Volunteering
Encouraging employees to engage in charitable activities can boost morale and team spirit. Companies can facilitate this by:
- Organizing Volunteer Days: Allowing employees to volunteer during work hours.
- Matching Donations: Matching employee contributions to charities.
- Creating Giving Programs: Establishing structured programs for charitable giving.
By focusing on talent management, organizations can create a more engaged and productive workforce, ultimately leading to better business outcomes.
Workforce Management
Labor and Time Management
Effective labor and time management tools help reduce mistakes and improve efficiency. They allow for custom notifications about overtime, missed punches, and punches outside set areas. This flexibility supports employee attendance and time tracking in various work settings.
Employee Scheduling
With these tools, managers can easily assign schedules and make changes. Employees can also request shifts and coordinate coverage with their coworkers. Real-time reporting helps managers track changes and avoid payroll errors, ensuring smooth operations.
Real-Time Reporting and Insights
These tools provide valuable insights into workforce needs. They help predict staffing requirements and ensure compliance with labor laws. Here are some key benefits:
- Improved communication among team members.
- Enhanced visibility into employee schedules.
- Streamlined shift management processes.
Managing a workforce effectively is crucial for success. It not only helps in meeting business goals but also enhances employee satisfaction and productivity.
Expense Management
The expense management tool allows employees and managers to submit, oversee, and approve expense entries easily. It provides transparency into:
- Expense status
- Payment history
- Tax statements
This ensures everyone is on the same page regarding financial matters, making the process smoother for all involved.
Conclusion
In summary, iSolved offers a wide range of features that make managing human resources easier for businesses of all sizes. From customizable payroll options to tools for hiring and onboarding, it helps companies streamline their processes. The platform also provides effective ways to track employee time and manage benefits, ensuring that everything runs smoothly. By using iSolved, businesses can not only save time but also create a better experience for their employees. Overall, iSolved is a valuable tool for any organization looking to improve its HR functions.
Frequently Asked Questions
Kuldeep Nirgude is a computer science student with a strong interest in finance and marketing. With a focus on analyzing industry trends, he writes articles that simplify complex concepts and empower readers to make informed decisions. Kuldeep is dedicated to bridging the gap between technology and business, and is committed to staying updated on the latest innovations shaping the economy.