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Hr Mantra Software
1. Hi, Welcome to the Presentation of HRMantra HRMantra has scored a hat trick by being not only the 1 st fully web based HR & Payroll software to have offered it as a service but is also now the 1 st such software to be available using cell phones.
2. About HRMantra HRMantra is India’s world class, most comprehensive and fully web based HR & Payroll software. Probably it is the WORLD’S MOST POWERFUL ATTENDANCE, LEAVE AND PAYROLL SOFTWARE. We have spent over 500 man years developing the software over the last 10 years We have over 75 large clients having over 100,000 employees using our software for automating their HR & payroll processes We are fully focused into software product development and aim to be amongst the leading HR software and service players in the world
16. How HRMantra helps you save over 4 times its cost by automating all your HR & Payroll functions – Page 1 Total no. of employees 250 Months 12 Cost Factors Cost per employee (Rs.) Total costs incurred without having HRMantra Total costs saved by using HRMantra (Rs) Total costs saved by using HRMantra (%) Pay slip cost (per month) Printing,envelope,couriering,payroll manager's time cost 20 60000 60000 100 50% saving of salary cost of 1 leave manager and 1 payroll manager 20,000 240000 120000 50 Attendance management, loan, increment & arrears calculations, Full & Final settlement, funds management, payroll MIS reports generation, bonus & gratuity calculations, helpdesk, claim management, reimbursements handling, leave management, adhoc and monthly payroll processing time of 2 payroll member team with an average per month salary cost of Rs 20,000 Income Tax Estimation Investment form filling, data entry and IT estimation time & cost, printing, couriering ( 4 times a year ) 200 200000 200000 100 MIS reports ( like reconciliation, variance, staff count reports, salary reports etc) and Statutory Reports ( form16, form24, ESIC, PF, PT,TDS, LWF forms) printing and couriering 30 90000 81000 90 Total Payroll related cost savings 590000 461000 78
17. How HRMantra helps you save over 4 times its cost by automating all your HR & Payroll functions – Page 2 And in case your firm has outsourced payroll, the saving potential will be much more in such a case if you were to do it yourself using HRMantra since it can be done in less than a day by 1 payroll executive since we have automated most of the payroll processing steps-it can be done in just 3 easy steps Leave, Claim, OD and OT activities 30 90000 72000 80 printing, filling, couriering, submitting to HOD and time wasted in the process Time and money spent on performance evaluations 5000 1250000 625000 50 Printing, envelope, to and fro couriering, data entry, data collation, Time spent for analysis by self, immediate boss, regional team, HR team,.and final committee Training activities 3000 750000 375000 50 time spent by the HR and management team on identifying training needs, creating training program calendar on paper, training scheduling and pre & post training analysis etc Induction Manual (once per employee ) 50 12500 12500 100 Printing, stocking and couriering Employee newsletter (twice a year) 100 25000 25000 100 HRIS Reports ( per month) 30 90000 67500 75 Cost of time spent by HR and management team on generating and analysing manpower, attrition, new joinings, confirmation, project management, increment, transfer, separation,exit reports (about 100 such reports) etc.as also printing costs
18. How HRMantra helps you save over 4 times its cost by automating all your HR & Payroll functions – Page 3 50% saving of salary cost of 2 HR team members spent on staffing processes 20000 240000 120000 50 Assuming attrition rate @ 10 %, time & money spent on recruitment advts, placement agencies, CV scrutiny, calling candidates, organizing tests and correcting answers, scheduling interviews, interviewing, interview data collation and analysis etc with salary of 2 HR team members at Rs 20000 per month Assuming that HR, payroll, time-office, training, appraisals etc. were done on separate PC's using your current client server technologies software or using excel etc.the following is the setup costs in each location where HR and / or payroll team members are based Hardware server costs @ Rs 200,000 1 200000 200000 100 Software costs (windows 2000 server cost, SQL Server / Oracle database server cost, other softwares cost like MS office at each office locations) 1 300000 300000 100 Other hardware accessories ( like FAX machines & rolls, Printers, Xerox machine etc.) assuming at Rs 50000 cost 1 50000 40000 80 Total HR savings cost 3007500 1837000 57 The cost of HRMantra is Rs 300 per employee per month for 250 employees works out to Rs 9 lakhs per year. The total cost savings is Rs 18 lakhs giving a cost benefit ratio of 2 times. Besides you save on expensive office space and very importantly get the satisfaction of getting HR & Payroll dept fully automated with minimal I T department and no botheration of having the server in your setup. If you were to have your own server and load windows and database on it, then such cost along with monthly space, electricity costs and security costs will easily cross Rs 30,000 per month. So at just Rs 10 per day, you end up saving over Rs 40 i.e. 4 times! This way you delight your internal customers ( employees who are the most important out of the 3 main stakeholders) and once your employees are happy working in your firm since you will provide them with a great working experience wherein they can concentrate on doing their core job functions and are not bothered by mundane HR administration work, their throughput will rise significantly giving you tremendous returns-i.e increase your top line and bottom line. Your HR department can then get time to focus on organizational transformational activities like employer branding, training management, motivational development, grievances handling etc thereby improving your top and bottom line. You also save our planet by reducing global warming since you are fully eliminating paper work Note: Above monthly salary cost does not include office setup costs like space rent, electricity, furniture, tea and other incidental costs which could be more than the cost per employee and thus effectively the cost saving potential is more than 8 times by using HRMantra!
34. Induction Manual (no need of printing induction manuals or pasting holiday calendars on softboards)
35. Helpdesk (Any kind of request like PC not working properly, visiting cards to be printed etc can be easily managed online using auto timed escalations)
36. Late Coming Rules Setting ( similarly over time rules can be set and various attendance related reports can be easily churned out)
37. Leave Application ( leave balances & leave history can be checked and online leave approval can be easily done)
38. Leave Rules Setting (However complicated be your leave rules, In HRMantra, all such rules can be easily defined-we do not to recode per client)
39. Claim Application (Claim history & claim balances can be checked and all kinds of reimbursements can be approved online)
40. Employee Asset Management ( to track which assets needs to be recovered when an employee leaves your firm)
41. Pay Heads Rule Setting ( Fully parameterized with over 32 options per head of pay to make your payroll processing a kids job)
42. Formula Setting for Tax-thereon (any changes in the finance budget can be done in seconds)
43. Income Tax Estimation (most accurate TDS calculation based on over 42 different tables)
44. PF Challan ( All PF, ESIC, PT statutory forms, Form 16 etc can be printed)
45. PF Trust ( You can manage PF trust, gratuity and superannuation settlement)
46. Competencies Mapped to Position ( Competency weightages can be different for different approvers )
47. KRA Rating Options ( KPM, KRA, total scores can be calculated based on formulae
48. Appraisal Form Being Filled (formats could be different for 180 / 360 degrees and page orders can be changed at will)
49. Succession Planning Using Color Bands (helps the management in identifying high fliers to move to higher positions)
51. List of Training Reports ( Various ISO standard reports are already created and more can be created by the users easily and different filters can be set)