Whether you’re aware of it or not, global investment in corporate HR technology is on the rise and according to the most recent Human Resources Transformation Survey Report, the investment is growing at an exponential rate. Almost 90% of respondents said they plan to spend the same amount (some even said more) on HR systems this year. Furthermore, roughly 60% of respondents plan to start using mobile technologies for various HR transactions in the next 12 months.
The report, however, revealed something maybe even more interesting. While most people are satisfied with the technology they use for their performance management, almost 30% of respondents still use paper. Given the number of HR solutions on the market, it is quite surprising that so many companies out there are still depending on paper to perform certain HR tasks. But as the reliance on software increases, the use of paper is bound to decline.
The point here is, as times goes by, more and more companies will start automating and improving their HR processes by using new technology. To keep up with the competition, you should start looking at the latest trends, and use them to the best of your abilities to streamline your HR process.
Increasing Flexibility with the Cloud
The days of being chained to a desk and a PC are fortunately long gone, as a recent Gallup Poll revealed that more than 33% of workers are using their mobile devices to access work after hours. What’s more, around 96% of employees in the United States say that they use at least one of their own mobile devices to access work-related documents. Modern, cloud-based systems allow you to access important corporate files anytime, anywhere, which means that you can review a new employee resume from the airport, or send approvals for salary increases from your home office.
As the economy grows, employee engagement and retention have become a top priority. However, even as attention shifts towards the contentment of the staff, engagement is still surprisingly low. As a matter of fact, Quantum Workplace reports that employee engagement is at its lowest level in 8 years. So how can you keep up with your employees’ feelings and needs and how can technology help? In response to these concerns, a number of software providers that offer real-time employee feedback tools have popped up in the last couple of months. Performance review tools like Impraise will allow HR departments to more promptly discover, and respond to workers’ problems, needs and suggestions.
Managing Talent with People Analytics
People analytics, a BI-based approach to evaluating and managing talents presents a groundbreaking opportunity for HR. Furthermore, Deloitte’s Human Capital Trends report indicates that people analytics is more important than people originally thought. The report has revealed that 87% of business leaders are worried about retention and engagement, and 85% about the skill of their staff. And while some organizations have been slow at adapting to the new technology, many companies such as Starling Trust Sciences have developed algorithms that can identify “toxic” workers, predict attrition and even highlight the promotions most likely to produce high-performing workers.
Balancing Satisfaction with Scheduling Needs
Keeping the staff satisfied mostly relies on an increased attention to scheduling, and the ability to view schedules instantly, relieving the HR professionals of the pressure to pad staff levels to cover shifts in case of critical situations. Moreover, according to ADP research, scheduling automation can help organization save over 20% on overtime costs. Fortunately, there are plenty automated staff scheduling software that provide visibility across your organization and give insight into scheduling gaps, cost controls and available resources and can help you optimize organizational performance.
The Correlation between Technology and Satisfaction
Did you know that more than 70% of employees who gave their manager high marks also rated their performance management systems as “very good” and “great”? Well, according to Gallup’s analysis of 50,000 employees, it’s absolutely true. And while we cannot say that all good HR managers have good tools, it’s evident that both HR professionals and employees are more likely to be efficient and satisfied at their jobs when they have the right set of tools at their disposal.
About the Author
Nate Vickery is a business consultant mostly interested in latest technology trends applicable to SMB and startup management and marketing. Nate is also the editor at a business oriented blog BizzmarkBlog.com