The move to remote and hybrid working accelerated the adoption of HR technology across various industries.
There are many HR tech solutions available and implemented for a variety of functions today. The term “HR technology” refers to software, tools, platforms, and technologies that can automate various human resources functions in companies, such as payroll, benefits, recruitment, performance and productivity management, and worker-related analytics.
There are multiple benefits to adopting this technology that save you time and money, and these are three of the main ones.
1. Improved security and data management
Perhaps the biggest benefit of HR software is storing all of your information and data in one secure, centralized location. This information could pertain to payroll, benefits administration, vacation leave, performance reviews, and more.
First, this reduces the risk of human error if employees are manually entering data. With the recent disruption of the job market, many organizations are seeing employees resign from their positions and are recruiting new talent. Relying on a paper-based system leaves room for error and is a strenuous, time-consuming process. Automating such redundant processes frees up valuable time to spend on other tasks.
Secondly, storing this information in a cloud-based platform means it is easily accessible from anywhere – a perk that is becoming more and more critical as we move to remote and hybrid work environments.
Beyond protecting your data from physical emergencies – such as a flood or fire – the right employees (and only the right ones, as this gives you greater control over who is authorized) will have equal access.
Finally, the right HR technology should guard against unauthorized access to data and help protect your company from cyber threats such as data leaks.
2. Free up valuable employee time
Beyond data entry, HR management technology should help you automate workflows and eliminate other repetitive tasks, too. For example, processes such as training and sick days should be easily automated.
Streamlining these workflows will allow your employees to focus on more important, creative, and revenue-generating tasks, such as HR strategy. Eliminating tedious administrative work will likely make your employees happier, too – making your organization more productive overall and translating into greater profitability.
3. Streamlined onboarding
Creating a good first impression is crucial for your organization; in fact, according to The Business Journals,
Onboarding can be make-or-break time for companies when it comes to keeping and retaining employees.
At a time when it’s already hard to find talent, losing employees due to poor onboarding shouldn’t be an issue your organization faces.
It’s more important than ever to have a smooth, hassle-free onboarding process. With workers feeling isolated and the need for remote onboarding growing post-pandemic, a paperless onboarding process is a necessity.
Onboarding software will help your organization manage the entire process, from the documentation to training programs – and ensure that it’s accessible to everyone, wherever they may be working from. In addition, it standardizes the process so that it’s the same for all employees.
Again, this frees up employee time to focus on how to welcome the new hires best and make them feel a part of the company culture.