HR TECHNOLOGY: An efficient HR database and record-keeping technology can help HR teams to navigate the intricate processes of the profession – from hiring, firing, and benefits administration, to performance management, and providing in-house incentives and certifications.
In finding the right program or application for this, HR leaders should know exactly what they’re looking for. Some things to take note of are the software’s usability, its features, functionality, as well as its performance when integrated with other commonly used tools.
There are already several programs available to streamline HR databases, but the best fit would depend on the size of your company and the budget for digitalization. Many small business owners opt for a scalable, cloud-based solution, such as Gusto. It offers a team of experts that can help guide HR professionals when purchasing health insurance for the first time, integrating existing plans with their payroll solution, or providing employees with other insurance policies and benefits.
Those with growing companies could transition to using a mid-tier solution, such as BambooHR. This includes workforce data analytics and onboarding tools that streamline all employee data, from the whole recruiting process down to individual retirements. This is for HR teams that want to integrate tools such as applicant tracking system, time tracking, payroll processing, automated reminders, and employee engagement, all in one system.
As for larger enterprises, with multiple workforces across regions and jurisdictions, the cloud-based software-as-a-service model may still be best. SAP SuccessFactors, for instance, lets users combine data with financial and operational information, even from external systems. It is also equipped with smart automation that enables users to manage not just basic transactions, but even complex and lengthy processes.
Whatever software solution HR teams decide on, they should make sure that it can provide optimal organisation of all the organisation's documents and employee data. This is to help businesses make better decisions and streamline the succession of employees.