Now more than ever, technology is key in business. From CRM (customer relationship management) tools and chatbots to accounting systems and business communication platforms, various forms of software and hardware can be found throughout an organization, all implemented in hopes of enhancing productivity, automation, marketing, communication, and other business functions.
For business owners looking to truly strengthen their organization, however, human resources (HR) technology cannot be missed. HR technology, such as performance management and reporting, or tools specific to payroll and benefit administration, can be important assets in providing both employers and employees with a positive experience.
Here are a few ways in which HR technology can have a positive impact on your business.
1. Improved Employee Experience
First impressions are everything, and employees can learn a great deal about their organization during their first few days. When it comes to HR tech, traditionally complicated tasks such as onboarding, benefits enrollment, and time and attendance can be easily completed by employees anywhere from any device via simple, step-by-step processes. With minimized paper forms and confusion, employees and employers alike won’t have to worry about complicated or mismanaged processes.
2. Enhanced Benefits Enrollment
Administrating employee benefits can be incredibly complex. Not only are the ever-changing rules and regulations difficult to keep track of, but the amount of time and money put into administering benefits can be extremely high for a business owner. To make matters worse, the hard work that goes into introducing benefits could potentially be met with low enthusiasm and participation.
By implementing HR and benefits technology, your benefit administration tasks can be simplified, and employees will be well-informed of their options. The easy-to-navigate enrollment software also provides seamless registration for employees, along with deadline alerts and updates.
3. Better Hiring Strategies
Hiring a new employee can be expensive, time-consuming, and extremely difficult in today’s competitive job market. One specific form of HR tech, an applicant tracking system, can streamline this process.
A strong applicant tracking system can automatically post jobs to a website career portal plus job boards and social media platforms, review resumes for keywords, score and rank candidates as they apply, and more. These features allow you to be significantly faster and more competitive in finding and attracting the right candidates for your jobs.
Interested in implementing the latest in HR technology into your business? With SynchronyHR as your HRO partner, your teams can get access to leading payroll, benefits, and HR technology that will transform your business. Contact us today to learn more.