Companies are striving to lower the cost of hiring, improve employee satisfaction, and increase talent retention. New software and technologies are being incorporated into many HR processes. They help attract and retain talent while increasing operational efficiency.
From all-in-one HR suites to smaller-scale but more agile “point” system solutions – e.g. ones that focus on a specialized area (e.g., applicant tracking, employee engagement, – there are many software platforms on the market. Choosing the right technologies to meet the needs of your organization and optimize ROI can be quite a daunting task.
In the 21st century, companies must fight to stay competitive. Yet, too many companies are overlooking the most effective way to do so — automation. Many of HR’s most important processes are time consuming, paper-based, inefficient, and costly.
In fact, According to an IDC survey,The Document Disconnect, over 80 percent of business leaders surveyed agreed that problems “arise because they have different internal systems/applications that don’t ‘talk’ to each other.” Clearly, this is an issue that needs to be solved fast.
Modernizing these HR functions will give your company a huge advantage. Since automation software is becoming necessary and more common, here are some important statistics to keep in mind as you make the switch.
Timesheet tracking has been around for years. Punch cards, clocking in and out, ID forms, paper forms, Excel – we’ve seen every variant.
But, these processes are tedious and HR departments struggle to manage them. They must organize, deal with and approve timesheets for dozens or even hundreds of employees at the same time.
In today’s business world, these old-fashioned methods are too time consuming and they waste company time. Optimize your company for the 21st century by automating long, manual processes. Timesheet management is a simple, relatively frequent, and time consuming process. It’s a perfect candidate for automation.
Talent is the most important determinant of success in the 21st century. Talent is scarce and the competition for the most in-demand skills is fierce. Retaining your best employees is harder than ever before. Attracting and retaining world-class talent has become a critical aspect of companies’ futures.
According to a Pew Research Center analysis of U.S. Census Bureau data, more than one in three working Americans are millennials; more than any other generation in the labor force. By 2030, an estimated 75% of the workforce will be millennials. In order to stay competitive, you must engage with them now.
But, what are millennials looking for in companies today? Let’s take a look at some key aspects:
HR departments have gone through some changes in the recent years. Their responsibilities have shifted to be more aligned with the company’s overall goals rather than simply managing benefits and records-keeping for the workforce.
Since talent is now the #1 challenge companies face, that means HR must focus on attracting, retaining, and developing the best talent. HR employees in a successful, modern company cannot afford to waste time on paperwork.
To stay competitive in today’s business world, HR departments must evolve to be fully business integrated and need to streamline processes.
Access to world-class talent is the #1 determinant of success in the 21st century. As a result, HR employees have one of the most important roles in every company. They follow employees from the scouting and recruiting process all the way to the employee offboarding process and everywhere in between.
Employee Leave Management is one of the main things HR departments handle. But, many companies get bogged down in unnecessarily long, complicated processes. Here are 5 common mistakes that can hurt your company, and ways to fix them.
1. Creating a “Vacation Shaming” Culture
In many companies, employees have to deal with comments about choosing to take vacation. These can come from higher-ups at the company, but more often than not, they come directly from peers. We’ve all heard the “You’re taking a vacation? How nice, I wish I had the time to do that,” comment.
Taking vacation is about resting, relaxing and de-stressing. Numerous studies have shown that employees who take vacations get better sleep, have lower risk of heart disease, and come back more motivated to produce amazing new things.
And yet, people are stressed about taking vacation. A survey through Healthline found that ~62% of 2,280 readers said that they experienced “very or somewhat” elevated stress levels during the winter holidays — which means employees came back to work just as stressed as before.
If you’re like many other businesses, your HR department is overloaded with paperwork. Honestly, that’s a shame – wouldn’t you rather have them focus on attracting and recruiting talent instead of sifting through endless paperwork?