Driving Digital Transformation of Enterprises through 2020
The Ultimate Guide to HR Software in 2018
HR software solutions are used to assist all types of organizations in managing their most crucial asset – their people. For this reason, the HR software market is predicted to grow up to $9.2 billion by 2020.
HR software solutions are cloud-based solutions with improved security and mobility streamline recruiting, onboarding, performance tracking, payroll processing, overall administering, and much more. This, in turn, allows your HR department to focus on talent development rather than paperwork. Aside from the automation of some HR processes, companies also save money on software that can be easily integrated within their pre-existing systems.
Six components of HR that can be improved with the right software solution
Choosing the right candidate can be strenuous. Posting job advertisements, reviewing applications, performing background checks, screening and scheduling job interviews — all these steps should be done in a timely and cost-effective way.
SmartRecruiters handles the entire recruiting process from its multi-channel recruitment marketing to the final hiring of best-qualified candidates with further tracking. The hiring managers’ job is facilitated due to the mobile app which allows them to screen, engage, and hire candidates even when on the go.
Onboarding is much more than just the first-day orientation of a newly hired employee. It’s a smooth daily process that includes the step-by-step acquisition of job-related skills, knowledge, and overall familiarization.
BambooHR helps to empower your employees right from the first day. This service allows fresh hires to get all necessary instructions for their first day on the job, further training information, as well as access to the company’s system files and documents. Once new employees log into the system, they can participate in all events, training, and discussions. It also breaks communication barriers with colleagues by introducing new employees to their new team through an organizational chart, including pictures, names, and LinkedIn profiles.
- Employee Engagement
According to Gallup research, disengaged employees cost the US somewhere between $450 and $550 billion each year. Employee engagement is key to business performance in terms of financial stability, improved productivity, and increased customer satisfaction.
Qualtricks helps to drive engagement and reduce cost-intensive attrition. It provides you with the real-time analysis of employee performance. Managers get access to the necessary dashboards and hierarchical levers to improve employee engagement. They also get data on your onboarding and training programs, based on real-time feedback, in order to improve these programs and increase engagement.
- Talent Development
Talent development is a complex ongoing process that combines onboarding, training, and employee engagement, as discussed above. Why is this important? The right talent development strategy leads to increased employee retention, improved productivity, and drives measurable business results.
Rallyware provides your company with the right tools to help your employees grow professionally and thus contribute more to the business. With the platform, every employee enjoys a personalized micro-learning journey from day one. Employees get on-demand content to successfully perform their job, receive feedback, and enjoy peer recognition. Metrics and real-time tracking help managers to identify levels of engagement and KPIs to be able to modify the training program on the go. Companies can pick and choose which solution they want (onboarding, engaging, or training) or they can adapt the platform in full to cover the employee’s life cycle.
- Team Communication
A survey shows that 46% of employees leave meetings having no idea what to do next. Why run meetings if none of your employees knows what they’re supposed to do after? Misunderstandings kill productivity. A lack of communication leads to isolation and the failure to meet project deadlines.
Slack is all about effective communication. You can create open channels or private groups, use private messaging, share files, enjoy audio and video conferencing, use contextual search tools, add apps such as Dropbox or Google Calendar, and more. Your team will get all the apps and resources needed to get work done. Slack is available for Mac, Windows, Android, and iOS.
Payroll management comprises many mundane but necessary tasks including withholding taxes, running vacation leaves, sick leaves, maternity leaves, and more. The process of filing all these forms takes time and can be quite stressful due to the possibility of errors.
Gusto facilitates the whole payroll process. This software provides the following:
- All local, state, and federal payroll taxes are calculated, filed, and paid automatically.
- Your employees can update their own information as well as receive emails with their pay stubs.
- You can generate and download reports for payroll history, bank transactions, contractor payments, paid time off, tax payments, and more.
Align your choice of HR tools with your strategic plan to streamline and simplify HR tasks. Don’t simply use software just to show that you’re keeping up with latest trends, focus on functionality. Keep in mind that the main goal of any HR software is to ensure that you’re on the same page with your employees.
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