HR technology may be something your small or medium-sized business has flirted with recently. But did you know, HR technology can be leveraged by growing businesses to develop and strengthen their strategic human resource management practices, often at very little cost?
Here are five reasons HR technology should be part of your strategic human resource management plan.
Automate repetitive HR functions
HR technology reduces the workload of your HR team by automating several repetitive administrative tasks with features such as record keeping and attendance, time off, performance reviews and expense management. When HR technology takes care of many of the “in the weeds” HR tasks, the team frees up time to focus on strategic human resource management tasks such as discovering ways to boost employee retention or devising effective employee engagement strategies.
Promote corporate culture
An HR system, that incorporates a chat function and a social feed, promotes a sense of cohesiveness and unity amongst employees. Regularly shared shout outs, inter-departmental announcements and personal wishes such as birthdays assist in developing and maintaining a corporate culture that is transparent and self-sustaining.
Improve your security
It is crucial for any company to not waste valuable time running around to find papers and lose crucial information because it’s not located in one central place. An HRIS helps you store all your information in one system and reduces the amount of paperwork. This is not only environmentally friendly but also much more secure, especially if the solution is ISO certified. Security should never be an option, but a must.
Boost your employees’ performances and capabilities
HRIS will help your employees have a better understanding and view of how they are doing in the organization thanks to features such as competencies, and performance reviews. By knowing how to fulfill their job requirements, how they can improve, and getting feedback from their managers, an HRIS can truly help them boost their aptitudes and optimize their work. It is essential for managers to communicate with their employees, and thanks to an HRIS that can generate automated reminders, so they don’t forget to fill in performance reviews – this task seen as tedious and complicated becomes easy and fast.
Design employee career plans
Recognizing and retaining key employees is crucial to the healthy performance of any organization, regardless of size. High performers need to feel that they “moving up,” otherwise they are likely to move on. For small to medium-sized businesses especially, HR technology assists the HR team in designing and tracking employee career plans and individual development trajectories to promote employee retention and make sure your stars stay with the firm.
Many affordable HR technology options exist for small to medium-sized businesses, which gives you many options to find the right one for your business. The trick is to find one that grows with you to avoid having to change solutions every year or two.