This time last year you were probably thinking about your growth, business expansions, new services and, if you’re a company that values human capital, you may even have been thinking about your people strategy. For example, how you can keep your team happy, more engaged and make them feel cared for. that where your HR Tech Stack comes in.
Perhaps when you were creating a strategy for your business last year or earlier this year, you might have thought about investing in cloud-based HR Tech, but eventually had to park that idea. “Let’s come back to it later”, I can hear you say. There were investments in the sales team that you needed to make or money spent redecorating the office space, for example. After all, the way your office looks matters for people to be happy at work.
And then, a pandemic hit. Countries across the globe were put on lockdown and suddenly your office space didn’t matter anymore. Employees were forced to stay at home (many still are). They couldn’t travel, couldn’t meet in person and certainly couldn’t attend traditional office environments. It was a situation that countless businesses weren’t ready for. Some multinational companies were totally lacking crisis response plans and ill-prepared to go fully remote.
Lockdown inevitably made it difficult for you to stay connected with your team. Perhaps you took a moment to reflect on all the decisions you nearly made selecting and implementing HR Tech that could have helped during this level of business disruption. If only you had a suitable, cloud-based HRIS during the height of a global crisis, you could pull a report on the members of your team, their location and dependants at the click of a button. You’d be able to identify the most vulnerable members of staff in your organisation and support them accordingly.
But please, don’t beat yourself up about missed opportunities to invest in HR Tech. Let bygones be bygones. It’s not too late! If you’ve come to realise the value of HR technology in the wake of the COVID-19 pandemic, you’re certainly not alone. However, many of you might be weighing up the initial cost that comes with it. Let us show you the value that investment will bring. A survey from PwC has found strong business benefits from cloud-based HR systems. Below is a snapshot illustrating these benefits.
We’d like to explore the advantages of having an HR Tech Stack in a bit more detail. Here are just some of the benefits that we’d like to highlight:
Your HR Team can make a greater impact overall
The life of an HR operative is often bogged down with too much administrative work. Instead of helping employees grow and enhance their skills, the HR team is busy filling in paperwork. When you utilise HR Tech to introduce an element of self-service when it comes to administrative tasks, you free up the time of your HR staff to deliver more value-add initiatives and projects.
Drive business imperatives
The current trend for decision making is Data-Driven Decision Making. HR Tech Stack are not only service-oriented but can also provide tonnes of information about how your business can improve. For example, employee engagement surveys can be your data collection source to help recognise areas of weakness and dissatisfaction in your organisation. Based on these findings, you can identify and drive business initiatives.
Use workforce data intelligently
When the pandemic started, we had to change our working style immediately. Having an HRIS system in the cloud can provide you with the information you need during a crisis in just a few clicks. It can help you to plan how you manage your workforce, better understand who can work easily from home and who may require extra support and/or flexibility. Additionally, performance management tools can help to identify learning and development opportunities for your team, even when everyone is remote.
Operate a nimble, flexible and coordinated workforce
The implementation of an HRIS solution will help develop positive impacts across the workforce, such as increased innovation and coordination. HR solutions give managers the flexibility to access the information they need quickly and easily and take care of minor people management tasks on their own. Team leaders don’t have to wait for HR to get nonsensitive information about their team, allowing them to make swift and informed decisions and actions when necessary.
We hope that these points have encouraged you to think about the value that HR Tech could add to your organisation. DayoneHR helps clients to identify and implement the right HR software for their business. If you’d like to discuss your HR needs and how tech can optimise people processes and experiences, then we’d love to have a chat. For a free consultation with a member of our team, please reach out to us here: hello@dayonehr.com
This post was written by Lauren Cowen, Founder of DayoneHR on the DayoneHR website here. Check out more posts written about HR Tech Stack on our blog here.
