Finding the right HR technology for your business is a bit like buying a new smartphone—at least when it comes to determining what you’re looking for in a system. To get the most out of your HR expenditure, it’s important that your management takes the time to do due diligence to ensure you’re getting the right HR technology for your business. If you make a hasty decision that doesn’t consider your unique needs, you’ll end up with a system that won’t solve your problems.
There are many options to choose from, but don’t get lost in the conundrum. The best HR technology platform for your company is the one that best fits your HR strategy and supports your business goals. You won’t find the perfect system or software overnight, so don’t rush your decision. It’s important to make sure you find the right fit. And if you do, your business will probably run more like a well-oiled machine than you ever imagined.
So, how does the right HR technology help your business or organization? Here’s how.
- Efficient and focused recruiting
- Actionable workforce analytics
- Support key issues
- Less manual errors
- Better strategies
- Streamline onboarding
- Easy hiring
- Secure access to HR documents
- Room to improve
Let’s learn more about some of these points.
Efficient and Focused Recruiting
HR technology helps you make better and faster hiring decisions. Such software may include an applicant tracking system to manage the recruitment process. This allows you to build a database of qualified resumes that you can search and call when a job opens up. Your managers can then rely on the software to conduct interviews, track post-interview feedback and rank candidates.
If your company adds personality or competency assessments, the system can track the results. These types of tools can help your company streamline its recruiting process and ensure you’re hiring the right people for the right jobs.
Actionable Workforce Analytics
If you’re constantly hiring people, but the business isn’t growing as expected, your HR professional can use the information they have to help you investigate and determine what’s going on. By keeping your HR information in an integrated database, you can track not only costs, but also the characteristics of successful, long-term employees. Planning is also facilitated by the fact that workforce analytics are readily available when needed.
Less Manual Errors
Is your company still dependent on a paper-based system or multiple systems that are not integrated for payroll, benefits, vacation, HR reporting, and performance appraisal? If so, it’s possible that someone on your staff will enter the information manually at some point in the process.
In addition to being time-consuming, manual data entry can lead to errors. Investing in strong HR technology can help make your HR processes more efficient and accurate by automating redundant tasks and integrating information systems. For example, if an employee chooses a new health plan during open enrollment, the change is transferred and reflected in their paycheck automatically – without manual renewal.