NetSuite SuitePeople Human Resource Management System (HRMS)

Q: What is NetSuite SuitePeople Human Resource Management System (HRMS)?

NetSuite’s SuitePeople human resources 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.

A more engaging, insightful way to manage people

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.

What is NetSuite SuitePeople HR? (Video)

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.

Drive Deeper Engagement with Your Employees

Connect employees to their work with active goal setting. Recognize, review and reward achievements to increase engagement and productivity.

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.

Joshua Godfrey
NetSuite Administrator, PropLogix

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NetSuite Human Resource Management Benefits

Reduce the Cost of Running Payroll. Run payroll in minutes without importing or manipulating third-party files, and post to your general ledger in real time.
Improve HR Service Delivery. Empower managers and employees to update their profiles, manage their teams and securely view their own HR information.
Increase Workforce Performance. Employee performance metrics built on — and updated by — NetSuite data enable more effective and engaging performance reviews.

NetSuite Human Resource Management Features

NetSuite SuitePeople provides the capabilities organizations need to manage their people and HR processes, automate completion of everyday tasks and deliver an exceptional workforce experience.

HR Administration

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.

Payroll

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.

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Benefits

Employees can search for, compare, and enroll in health insurance plans within NetSuite through NetSuite’s benefit partner, SimplyInsured. Integration with NetSuite Payroll ensures employee deductions and company contributions are accurately reflected in the employees’ pay and automatically posted to the NetSuite general ledger. This eliminates the need to track health insurance costs in a separate application and gives financial leaders the insights they need to make more informed workforce and benefits planning decisions.

Performance Management

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.

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Workforce Management

Shift Scheduling, Time and Attendance, Wage Calculations. NetSuite SuitePeople Workforce Management delivers a single solution to streamline shift scheduling, easily capture time and attendance across your workforce and calculate wages.

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Time-Off Management. Automate the process for employees to request time off and managers to approve requests. 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 Engagement

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.

Recognition. 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. 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.

Workforce Planning

Combined with NetSuite Planning and Budgeting(opens in new tab), companies can create budgets and hiring plans by automatically modeling future workforce needs using actual payroll, expense and headcount information.

Analytics

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

Multiple HR Systems and Services. Eliminate the inefficiency of managing and reconciling duplicate data in multiple systems and outside services.
Inaccurate Reporting. Centralize all employee information for more accurate recordkeeping and real-time reporting and analysis.
Low Employee Engagement. Create goals and recognize employees to keep them engaged and motivated.

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.

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