3 Things to Look for in an HR System
Business leaders, how often do you think about your HR and system?
Cast your mind back to pandemic: Did you consider how your HR technology performed for your company? Did it help you manage the switch to remote working fluidly? Were your systems flexible and robust enough to handle the changing expectations of your employees?
To feel the full benefit of an HR system, it needs to satisfy your business’ growing need for information across the whole company, so you can make informed financial decisions and react to changing circumstances.
Here are three things to look for in an HR system.
1. Actionable insights
When organizations have to evolve to meet the changing needs of remote and flexible working, the ability to quickly access and interpret data is critical to teams – and it’s something that should be high up on your agenda for your new HR system.
By analyzing this data, you can find out how productive your employees are and how they’re adapting to the changes, so your HR team knows what their next steps need to be.
By switching to an HR system like Sage HRMS, teams can spot trends before they happen and keep an eye on flight risks and churn, cost-to-value ratios of new hires, and productivity statistics.
2. Increased productivity
The right HR tech gives leaders more time to focus on business-critical objectives such as strategy and communication through automation.
Your HR team benefits, and so does the rest of your workforce. By increasing the range of tasks that can be automated and simplified, a robust HR system should help to improve productivity across your entire organization. It means less time on paperwork, process, and admin – and more time on the things that matter, for your HR team and workforce alike.
Self-service is key to this. From booking annual leave to accessing company policy documents, self-service portals give any employee in your organization direct control over their HR needs.
3. HR compliance
With laws and regulations around the world constantly changing, many global organizations find themselves re-writing policies to ensure the company is compliant with employment labor and tax rules.
A global HR system could make your life much easier by standardizing and consolidating HR and People data into a single place. This will allow your teams to manage everything with a single global overview while giving you the flexibility to allow for local variations in legislation and regulation.
Furthermore, a robust HR system can seamlessly integrate with your third-party payroll software, taking the complexities out of pay and making life easier for your payroll department too.
Investing in an HR solution is a huge decision for any business. HR, IT, and business leadership will likely need to work together to make the right decision.
Looking to implement a new HR system? Contact Yeo & Yeo Technology.
Information used in this article was provided by our partners at Sage.