What’s a good HR system got to do with it? What’s an HR system but-
Okay, maybe Tina Turner isn’t applicable here. Because a good HR system can be everything.
The data shows that company culture is good for business—and even has a quantifiable impact on the business’ bottom line. Retention, loyalty, even productivity are related to company culture, with companies that are culture-forward seeing meaningful ROI on those culture-building efforts.
If you want to learn how to explain your need for great HR tech to stakeholders, plus twelve signs you need a tech system (including memes), read on.
What can an HR system do for you?
Do you use the calendar on your phone to keep track of appointments?
I do. All the time. And that’s just to remember to go to the dentist. So for bigger, more pressing needs, like running an HR department, wouldn’t you want to be working with tech that you could rely on? Seems like the overwhelming answer is yes, with 91% of HR leaders saying HR tech is critical or beneficial to their business.
HR systems can help you organize data, extract insights, and streamline processes. Music tech company Waves saved over 100 hours monthly using HR tech for time and attendance alone. Imagine what that could mean for your team!
When you’re trying to convince stakeholders to sign off on big checks, you have to bring big numbers yourself: proof that HR tech is worth more than its cost. Here are four benefits that will help you win that argument.
1. Bigger bottom line
The HR tech business is bringing in $40 billion dollars per year. Whoa.
According to Sierra-Cedar’s 2019-2020 HR Systems Survey, SMBs with regularly updated HR systems strategy see 10% higher business outcomes than those without.
Adopting an intuitive cloud-based system not only relieves the burden of menial, labor-intensive tasks, but also allows for smooth operations to support HR in taking on a more strategic management role. Extracting and storing useful employee information makes for insightful data, which can be used to generate reports that reveal compelling company trends at a moment’s notice.
2. Stronger workplace culture
Company culture isn’t built overnight, and it runs far deeper than corporate values painted on a wall, the occasional after-work drink, and a pool table in the boardroom. It’s grown over time and, according to a recent Deloitte survey of millennials and Gen Z employees, is directly linked to employee loyalty.
Your HR software should help you record and dissect your company DNA, allowing for a greater understanding of the individuals who make up your team.
Brilliant HR software is a central hub for employee communications, keeping people up to date on celebrations, successes, and current affairs affecting the organization. Keeping employees connected fosters togetherness and a strong sense of community.
3. Increased employee satisfaction
HR software that’s built to understand and manage humans offers employees a more tailored experience. Thorough and well-maintained employee data allows businesses to make key decisions about employee-related matters, like which employee benefits to offer. The result? An organization full of people who feel valued.
In addition, streamlining payroll, leave entitlements, and onboarding, together with offering more self-service options, can result in a greater overall sense of employee engagement and satisfaction. Cloud-based technology allows businesses to develop meaningful relationships with employees, providing access to more company data and information, building trust through transparency.
4. Fewer errors and better compliance
HR professionals are constantly spinning multiple plates, and with a lack of support from a reliable management platform, can live in fear of making critical or costly errors. According to KPMG’s “HR Operating Models – the Next Generation,” clever emerging technologies in HR can minimize human errors and free up HR staff to work on more complex issues.
Brilliant HR technology that complements your day-to-day adds another layer of protection, allowing HR professionals to maintain good control and oversight.
11 signs your organization needs HR tech
You have the facts, you have the figures, but the stakeholders are asking: why us? Why do we need HR tech?
These are the eleven indisputable signs that your organization needs to implement an HR system pronto, explained in the universal language of memes.