BOOSTING HR EFFICIENCY

From tech tools to the latest HR trends, here is a round-up of some of our most popular blogs to help you build business and boost HR efficiency at your workplace.

Turnover can be costly. According to the Society of Human Resource Management (SHRM), the average cost-per-hire is $4,129 and the average time it takes to fill a position is 42 days. Until new software options were available, HR practices have had to rely on do-it-yourself methods, spreadsheets, and formulas to manage success. Manually tracking time and recording information is time-consuming, labor-intensive, and less effective for predicting changes influencing business, such as employee turnover. What if you could identify the employees before they resign? Or address the factors causing employees to leave? What if you could prevent a drop in productivity before it happens?

Human Resource Information Software (HRIS) tools help companies manage people more as a business and as a result, delivers new ways to demonstrate value. Advances in HRIS systems provide capabilities for capturing and analyzing workforce data which can be used to predict outcomes and manage a workforce more efficiently.

While HRIS workflow systems won’t replace the role of HR, it has reinvented it by taking the guesswork out of managing talent. By organizing information from multiple sources into one central location, HRIS delivers the analytics necessary to keep goals on track and the guidance to reach your company’s goals.  More accurate data translates to a more efficient workforce, more time to focus on workforce strategies and a cost savings to your company. By linking workforce data to business outcomes, it’s easy to see how companies with the advantage of HRIS tools would outperform companies without it. Here are a few ways HRIS technology can help strengthen HR and grow your business.

READ MORE: HRIS Tools that Drive Workforce Decisions and Build Business

TRENDS TRANSFORMING HR 

From new technologies, HR tools, innovative employee training methods, to new ways to deliver top employee benefits, emerging trends are reshaping the workplace and impacting the role of Human Resources.

 New technology continues to improve hiring accuracy and digital and mobile delivery continues to impact how employers find and connect with talent. As candidates have more control over their personal information, the use of social media in HR will increase. Looking ahead, employers will have to do more to attract the best talent, such as polishing their brand image and delivering a top-rated interview experience.

In addition to technology, employee benefits will be a key strategy for attracting and retaining talent. According to a recent study conducted by the SHRM, the main reasons employers increased employee benefits in the last 12 months was to retain employees and to attract new talent.  Learn more about this and other important trends shaping HR. 

READ MORE:  Latest Trends Impacting HR

INVESTING IN HUMAN CAPITAL

Investing in human capital is at the forefront of building business. And as a result, the role of today’s HR department has become more business-minded. By aligning HR services with company goals, new tools, and innovative workforce strategies are helping organizations become more efficient and providing the guidance to make important decisions impacting company performance.