What is NetSuite Human Resource Management?
NetSuite’s SuitePeople human resource management solution provides a suite of capabilities that make HR service delivery easier and more efficient for everyone, across the organization. With a single tool to manage human resources, payroll and financials, organizations can eliminate third-party integrations, improve data accuracy, create a more engaging workforce experience and make better-informed decisions to tightly align workforce performance with business performance.
Bring Together Financial and HR Data
With HR, payroll and financial data in a single place, your company gains visibility into how workforce performance impacts financial performance.
Reduce HR Administrative Costs
Empower employees and managers to securely accomplish common HR tasks, like changing addresses, initiating promotions or viewing time-off balances, at any time.
HR is an area that’s constantly evolving - laws, rules and policies change. Having a system that’s flexible makes it so much easier to maintain your HR department.
NetSuite Human Resource Management Benefits
NetSuite Human Resource Management Features
With workforce information shared across the Suite, human resources leaders can automate HR processes to reduce administrative time spent on common tasks and easily route information for approvals. Dashboards enable HR to monitor key KPIs and become more strategic business partners to senior leaders and hiring managers.
Employee Directory. Help employees connect and collaborate across the organization.
Effective Dating. Create an audit trail with accurate data and change reasons to answer HR questions faster.
Access Controls. Ensure only proper changes are made, by the right people with the right permissions.
SuitePeople Payroll provides companies with efficient end-to-end payroll processing and management to pay workers in the United States. The full-service solution is kept up-to-date with payroll calculation changes, is compliant in all U.S. states and local jurisdictions and automatically files payroll taxes. Real-time posting to the general ledger keeps accounts in balance, financial reports accurate and companies in control of their payroll expenses.
SuitePeople Performance Management provides a central place to easily administer the performance review process that not only delivers greater efficiency but keeps employees engaged via goal creation, progress monitoring and recognition for achievements.
Time-Off Management. Automate the process for employees to request time off and managers to approve requests. Within that process, both employees and managers are notified of potential conflicts to make approval decisions easier while ensuring staffing levels are adequate for operations. Time-off balances are automatically updated once requests are approved, and companies can set controls to enforce policies so employees aren’t taking too much time off —or the company isn’t paying out too much when an employee leaves.
Compensation and Benefits Tracking. Track employee compensation and benefits information for reporting and analysis. HR admins and managers gain a visual timeline to see when changes to compensation occurred throughout the employee lifecycle.
Workforce Planning. Combined with NetSuite Planning and Budgeting, companies can create budgets and hiring plans by automatically modeling future workforce needs using actual payroll, expense and headcount information.
Self Service. Through the Employee Center, both employees and managers have self-service capabilities to perform common tasks — update addresses, add bank accounts, view time off balances, monitor goal progress and see copies of paychecks and expense reports. Managers can initiate changes, such as promotions or transfers, and approve time-off requests. This reduces reliance on HR staff and cuts the costs of processing common tasks while improving HR service delivery.
Recognition. Recognizing employees for career achievements and milestones. SuitePeople Kudos provides a way to foster a positive work culture, increase retention and decrease turnover costs by enabling employees to publicly recognize their colleagues for their contributions and achievements. Use data from Kudos to build performance metrics and identify top talent during performance reviews.
Onboarding/Offboarding. Create onboarding checklists to help new hires feel welcome and be productive immediately. Assign tasks to other employees to make the onboarding process more efficient and complete. Integrated purchasing requests ensure employee equipment is ready on Day 1. Offboard leavers using checklists to ensure company property is returned, employees receive final paychecks and exit interviews are completed.
HR Analytics provides role-based dashboards for HR and other authorized users to monitor workforce performance. With 15 industry-leading KPIs, HR leaders can analyze headcount, turnover trends, demographics, revenue per active employee, expense per active employee and profit per active employee. Drill down on any of these metrics by department, employee class or group, location or subsidiary. These powerful and visual analytics help break down departmental and data barriers to improve communications for faster, more confident workforce decision-making and planning.
Challenges NetSuite Human Resource Management Solves
Faster Time to Value
NetSuite has packaged the experience gained from tens of thousands of worldwide deployments over two decades into a set of leading practices. These practices pave a clear path to success and are proven to deliver rapid business value and get you live on NetSuite in a predictable timeframe. Intelligent, stepped implementations begin with sales and span the entire customer lifecycle, so there’s continuity from sales to services to support.
How Much Does NetSuite Human Resources Cost?
Companies of every size, from pre-revenue startups to fast-growing businesses, have made the move to NetSuite. Looking for a better way to run your business but wondering about the cost?
Users subscribe to NetSuite for an annual license fee. Your license is made up of three main components: core platform, optional modules and number of users. There is also a one-time implementation fee for initial set up. As your business grows, you can easily activate new modules and add users — that’s the beauty of cloud software.
NetSuite SuitePeople is available as an add-on module.
Spark ideas with success stories from NetSuite customers.
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Guides & Blogs
Go deep into topics around NetSuite SuitePeople.
- 3 Ways ‘People Analytics’ Improves Workforce Management (Blog)
- Conserving Human Capital: 3 Warning Signs That Foreshadow a Skills Exodus (Blog)
- Continuous Employee Engagement (Blog)
- 5 Challenges a Unified Accounting and Payroll Solution Can Solve (Blog)
- From Payday to Promotions, Managing Your People More Effectively (Blog)
Discover best practices and learn more about human resources from beginner to advanced levels.