Human resource management in retail is tricky because of the fast-paced nature of the company and the importance of its employees. A flexible and effective HRMS is essential in an environment with high turnover, complicated scheduling, and varied requirements. This post will help you choose the best human resource management system (HRMS) by diving into the features that are most important for retail companies, comparing two popular options (Workday vs. Infor HCM), and answering your questions.
HRMS requirements for retail Industry
The retail industry has unique HR requirements that need to be considered when choosing an HRMS system. Some of the most important factors to consider include:
- Talent acquisition and management: The retail industry has a high turnover rate, so it is important to have a system that can help you attract and retain top talent. This includes features such as a job board, a career portal, and onboarding tools.
- Scheduling and timekeeping: Retail employees often have flexible schedules, so it is important to have a system that can track their time accurately and efficiently. This includes features such as time clocks, scheduling tools, and absence management.
- Payroll: Retail payroll can be complex, so it is important to have a system that can handle multiple pay rates, overtime, and commissions.
- Performance management: It is important to have a system that can help you track and measure employee performance. This includes features such as performance reviews, goal setting, and feedback tools.
- Compliance: Retail businesses must comply with a variety of labor laws and regulations. It is important to have a system that can help you stay compliant. This includes features such as time tracking, reporting, and audit trails.
Workday vs Infor HCM
Both Workday and Infor HCM are cloud-based HRMS systems that can meet the needs of retail businesses. However, there are some key differences between the two systems.
Workday HCM
- Strengths:
- User-friendly interface
- Strong reporting and analytics capabilities
- Mobile app
- Easy to implement
- Weaknesses:
- Can be expensive
- Limited training materials
Infor HCM
- Strengths:
- More affordable than Workday HCM
- More comprehensive feature set
- Weaknesses:
- More complex to use
- May require training
Which one is right for you?
Consider your retail company’s unique requirements and financial constraints before selecting an HRMS solution. Workday HCM might be a great choice if you need a system that is easy to use and has powerful analytics and reporting features. If you’re after a more budget-friendly option that yet offers a robust set of features, Infor HCM might be the way to go.
Here are some additional things to consider when making your decision:
- The size of your business
- Your industry
- Your budget
- Your IT infrastructure
- Your specific HR needs
I hope this information helps you choose the right HRMS system for your retail business.
Bonus: Which time clock should you choose?
Integration with a specialized time clock solution can further boost accuracy and efficiency, even though both Workday and Infor HCM have timekeeping capabilities. Think about CloudApper AI TimeClock, a solution that works with both platforms seamlessly. With cutting-edge capabilities like automated break monitoring, geofencing, and face recognition, CloudApper AI TimeClock guarantees accurate time capture—regardless of how accommodating a retailer’s schedule is. Employees are empowered by its straightforward interface, which streamlines payroll processes by simplifying approvals. In addition, you can stay ahead of the curve when it comes to labor standards thanks to its powerful compliance tools. Learn more about CloudApper AI TimeClock and how it can improve your retail timekeeping with an empowered and compliant staff through seamless integration with your preferred HRMS.
Final Words
Your retail company’s future success depends on your HRMS choice. Finding the right solution to simplify HR procedures, empower your team, and drive retail success requires a thorough assessment of your goals, an evaluation of Workday and Infor HCM, and other considerations such as budget and scalability. Carry out your investigation and due diligence with utmost seriousness. If you want to make the best choice, you should look at compatible products like CloudApper AI TimeClock, which is compatible with both Workday and Infor, and use impartial resources to compare features. Keep in mind that a top-notch HRMS might be an invaluable ally while you navigate the dynamic retail industry.