If you want to run a business that’s first-rate when it comes to human capital management, you’ll quickly learn that it requires being on top of countless little goals and tasks. HCM greatness is a combination of top-notch payroll processing, benefits administration, employee engagement strategies, retention tactics, corporate health and wellness and so on. You’re always busy, always working on something. It never ends.
Therefore, it stands to reason that with better technology at your disposal, your life would be significantly easier. After all, when you have a zillion items always on your to-do list, efficiency is the name of the game. You want to get everything done quickly and accurately, saving time and freeing up room in your schedule for other things, like further empowering your employees to succeed.
Jayson Saba, Ceridian’s vice president of market strategy, noted in a TLNT blog that we’ve come a long way already in terms of improving our lives with HR technology. But Josh Bersin, founder and principal at Bersin by Deloitte, argued that we’ve still got a long way to go. He pointed out that companies are already spending more than $40 billion per year on HCM tech, which is a staggering raw number, but we could do more to optimize our strategies.
“As most of us know, it’s nearly impossible to be an HR leader without getting deeply involved in technology,” Bersin noted. “Not only does HR technology automate, store and improve almost everything we do, our companies are now flooded with technology – so we have to buy, integrate and simplify technology just to get our jobs done.”
He’s right – great HCM technology has the power to simplify everything we do. Consider the following five ways that technology can make your life easier.
Embracing the mobile movement
We already use mobile devices for just about everything in our daily lives – reading emails, checking the news and weather and so on. Why not expand the use of mobile apps for HR? It would add capability and flexibility to every day of work.
Moving beyond record-keeping
We used to view HR software as “systems of record,” designed for recording data about the company and its employees. It’s more than that now. Transcend simple record-keeping and use HR tech for making work quicker, more efficient and more collaborative.
Diving into analytics
Corporate decision-making nowadays is based on more than just anecdotal knowledge and gut instinct. The smartest companies today are using comprehensive data to help them make key choices about their future. This is especially the case when it comes to human capital.
A new employee experience
High-tech improvements shouldn’t just affect HR professionals. There’s an opportunity here to improve life for everyone. Payroll, benefits, engagement and wellness solutions should leave a positive impact on the entire workforce.
Keeping up with competitors
At the end of the day, your goal in business is to stay competitive in a busy marketplace. HR technology is a great tool for making sure you stay ahead of the game and don’t fall behind your business rivals.