How can HR software transform your business
by Sandeep Nahata
oday’s businesses are increasingly seeing the significant impact HR decisions and operations have on their overall success. With such a direct and powerful effect on both costs and overall business performance, it’s more important than ever to make sure your HR processes are optimised for success. Today’s human resources management software (HRMS) uses the latest technology and harnesses the power of the cloud to deliver rich, real-time data and streamlined workflows that deliver powerful benefits across the whole business. Armed with advanced HMRS like SAP SuccessFactors, it’s easier than ever to transform your business for the better.
Hire the right talent
Get it right from the start by refining your recruitment strategy to secure the best talent for your business. You can use powerful data insights to assess the success and failures of your most recent hires, so that you can carefully optimise your future recruitment processes to make sure you hire the best fit for your business. As well as helping to reduce wasted costs through poor hiring decisions and high staff turnover rates, you’ll also see a significant uptick in overall productivity as your new employees hit the ground running.
You can also use the same data to make your search, interview and overall recruitment process more efficient. Make more informed decisions about the skills and qualifications needed for specific roles as well as the best interview questions, assessments and formats to help you find the perfect candidate.
Get the goals right
While businesses are usually able to set and measure individual goals, many often struggle to align these with the overall business goals, whether financial or otherwise. A centralised HR management software like SAP SuccessFactors gives both a granular and holistic look of goals and performance so you can make the decisions needed to keep all your employees working towards the KPIs that really matter to top management and the business itself.
Additionally, you can make sure that all your employees understand their own goals and performance in relationship to those of the business as a whole. With a better understanding of how their own performance effects the success of the organisation, many employees will be able to focus on ways to work smarter and more efficiently that will benefit everyone and the business.
Provide the best support
Good HRMS provides a platform to share important training material and supporting collateral to help your employees perform the best they can. Whether it’s videos and assessments to help onboard your latest hire, or assessments and certifications to renew employee’s current skill sets or progress to the next stage. With superior insights and a singular platform to reach out and communicate with staff, you can ensure that they’re supported each step of the way to help them stay productive today and nurture talent for the future. Plus, when you nurture that future talent, you can provide vital succession support and training to help them fit into their new role.
Assessment and goal tracking
With superior HRMS the days of setting and forgetting goals are over. With access to all employee information and real-time data in one place, you’ll be able to track performance and identify your top talent as well as those that might be missing the mark. You can also identify patterns and whole areas of the business that may be consistently missing goals or lacking performance information. For these areas, simply use the data at your fingertips to develop more robust assessment processes whether it’s peer reviews or feedback opportunities. By using a range of assessments to gather information, a richer picture of each employee is created for better insight into overall performance and therefore better decision making to improve this performance in the future.
Increase company collaboration
The most successful organisations are those with superior communication and collaboration. When employees are given a chance to share and learn within teams, departments and even cross-departmental, businesses can cultivate a culture of innovation and efficiency. A centralised HR hub like SAP SuccessFactors does this by providing a single place for employees to share and connect. Utilise internal company blogs, forums and social networking tools to help employees find answers and share information company wide. You can also give them the power to upload videos and material for internal training to augment your own powerful support collateral.
It’s also a place for employees to update their own profile and information with certifications, skills, competencies and information on previous and current work projects. Fellow employees can then source the best person to help with new work projects, minimising the time and admin involved with setting up new work teams. Plus, with all this information centralised and at your fingertips, you can track all these new efficiencies and the productivity progress your company makes.
Make the best decisions for success
The key to all these benefits is their ability to be tracked and monitored for real-time insights. Armed with this powerful data, HR teams can work with top management and other business functions to make strategic business decisions. Whether it’s looking at ways to minimise wasted costs across the business and increase profitability or driving the efficiencies and productivity needed to stay competitive.