Top 6 HR Software Systems for Real Estate Companies
Paycor HCM is an HR software platform that is accessible from anywhere because it’s based in the cloud. It’s designed for ease of use and its user interface is intuitive. Ideal for small or medium companies and organizations, Paycor HCM offers features meant to manage all HR processes, from payroll to other HR tasks.
Pros and Cons of Paycor HCM
Pros of Paycor HCM:
- User-friendly interface
- Saves clients time and money
- Keeping information up-to-date is easy
- Employees can access their own pay information
Cons of Paycor HCM:
- Customer support
- Lack of visual personalization tools
Vista is an all-in-one HR software solution designed to meet the needs of organizations of any size. The software includes core HR features and can help you to manage processes such as recruiting and onboarding, benefits management, and more. The platform also includes an employee self-service portal.
Pros and Cons of Vista
Pros of Vista:
- Easy to learn
- Good customer service
- Intuitive user interface
- Customizable features
Cons of Vista:
- Some limited features
- Some slow features
- Module technicalities
BambooHR software is designed specifically for the needs of small and medium businesses and organizations. It’s an online HR software platform that is easily customizable so companies can adjust it to suit their own unique needs.
Pros and Cons of BambooHR Software
Pros of BambooHR Software:
- Software integrations
- Customizable features
- Onboarding processes
- Time management
Cons of BambooHR:
- Some modules aren’t customizable
- Time tracking
- Not robust
- The search isn’t precise
ADP Vantage HCM
ADP Vantage HCM is an all-in-one HR software platform designed to meet the needs of medium or large organizations. ADP is also known for its customer service, which customers can contact with questions and for advice.
Pros and Cons of ADP Vantage HCM
Pros of ADP Vantage HCM:
- Customizable features
- Robust security
Cons of ADP Vantage HCM:
- Tricky setup sections
- Some features could be more user-friendly
- The support team needs to be more knowledgeable
ADP Workforce Now
ADP Workforce Now is ADP’s HR software for smaller and mid-sized organizations. It’s an all-in-one platform that is scalable so that it can grow along with your company.
Pros and Cons of ADP Workforce Now
Pros of ADP Workforce Now:
- Payroll dashboard
- Performance dashboard
- Payroll processing
- Time off tracking
Cons of ADP Workforce Now:
- Mobile app
- Customer service
Run Powered by ADP
Run Powered by ADP is designed specifically to suit the needs of smaller organizations with fewer than 50 employees. Depending on your organization’s needs, you can choose among four different software modules: Essential Payroll, Enhanced Payroll, Complete Payroll & HR, and HR Pro.
Pros and Cons of Run Powered by ADP
Pros of Run Powered by ADP:
- Customer support
- Tax features
- Software organization
Cons of Run Powered by ADP:
- Plan prices
- Integration with other systems
The Benefits of HR Realty Software
Another reason high turnover can occur is that the real estate company is behind the times in terms of technology. There are a lot of software options out there that can help real estate companies’ HR departments better support their agents and staff. When looking for real estate company software, real estate companies should consider acquiring software that can help in the following areas.
Assist with Complex Payroll Needs
Real estate companies often employ staff in several different roles with highly differing payroll settings. HR software that includes payroll support can stream time and attendance information, commission information, and any other relevant information into the payroll feature, making it a snap to run payroll. This can help to keep employees happy and the business running smoothly.
Automates Taxes and Filing
Taxes and tax filing can become complicated when home closings occur at different times, agents receive different rates, and payroll is just generally unpredictable. HR software can keep track of all taxable income, make sure that deductions are subtracted, and even compile reports for filing. Owners or managers may simply have to press a button to file and send the tax money outlined in the reports.
Provide Compliance Support
While much of the real estate operations are performed on the go, the business is still a business and must comply with applicable labor laws and regulations. As such, HR software can provide information and support for complying with regulations. HR software is updated regularly with the most current compliance information and professionals are often available to answer questions and provide support.
Manage Benefits, Retirement Options, and Perks
Attractive benefits packages, retirement options, and perks can help to attract and retain the best real estate agents and office staff in the business. HR software will allow employees to manage their own benefits and review perks and retirement options. This can be extremely helpful for agents that are rarely in the office.
Hire and Onboard Agents
Great agents are hard to find and interviewing and screening can be difficult when everyone is constantly on the move. HR software with mobile support can assist with recruiting and onboarding high-quality agents. In some cases, video interviewing options may be invaluable.
Paperless onboarding can be a desirable option, as it saves agents time from coming into the office and makes it easy to keep required paperwork in order. HR software that offers paperless onboarding may also be customizable, allowing companies to post videos and relevant information that will help new agents succeed in the area.
Integrate with Accounting Software
Integrating HR software with accounting software can help real estate companies to review the financial health of an organization in one place. This can assist with decision-making and strategies while providing real-time feedback about aspects of the business. Not all HR solutions are capable of integrating with accounting software, so this may be an HR software selection consideration, particularly for small offices.
Is your real estate company looking for software to help manage your HR? We can help you find the software that will best suit your agency’s needs. Visit our Software Match page to start your search today.
What HR software is commonly used in the real estate industry?
Real estate companies do have unique HR needs distinct from those of other businesses, but they do have HR processes in common with other types of organizations. For this reason, payroll software, applicant tracking systems, and HRIS software platforms are all commonly used in the real estate industry.
What is the best real estate recruiting software?
Some of the best recruiting, or applicant tracking, software for real estate include both dedicated ATS platforms and all-in-one HRIS software platforms that include recruiting features. These may include Paycor HCM, Vista, ADP’s HR software systems, BambooHR software, and more.
What Is HR in Real Estate?
HR in the real estate industry is responsible for tasks such as hiring and onboarding new agents, training, payroll, including commission, benefits, and more.
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