SuccessFactors: One Solution for All Common On-Premise HR Challenges
If you’ve yet to take on a cloud-based solution for your HR needs then it’s time to seriously consider making the change now. On-premise solutions for on-premise HR challenges are simply too time and resource-intensive to meet today’s competitive requirements. To keep up in the current market, agility and transparency are key; things that on-premise solutions with their complexities and limitations just can’t offer.
Digital Transformation with SuccessFactors
As a cloud-based HR system with superior capabilities, SuccessFactors enables you to spend less time on operational issues and time-consuming admin tasks, and more time on strategic and innovative initiatives that are more likely to drive results. In fact, it can help you tackle all of these common pre-digital transformation HR challenges that executives face according to a 2018 study conducted by Forrester Consulting on behalf of SAP Success Factors.
Disparate Worldwide Systems
If you’re a global company, then you already know how difficult it is to manage a worldwide workforce effectively. Even if you’re not already a global company, you probably have plans to become one soon. Whichever the case, clunky on-premise solutions just aren’t practical to solve on-premise HR challenges; the clue is the name.
Only a cloud-based system like SuccessFactors has the agility and power to manage a global workforce all in one place. Access employee information and all of the tools you need from any device, any place or time. Your employees can do the same, so they can access their information and self-service tools in their preferred language from any location.
SuccessFactors enables you to standardise processes globally while giving you the flexibility to still localise to specific regions for country-by-country compliance and a tailored solution. With SuccessFactors Employee Central you get one global core HR system in 80 countries.
Limited Access to or Inaccurate HR Data and Analytics
Businesses all over the world need to make decisions faster and more accurately than ever before. With fierce competition and more informed customers, data-driven decisions are the only way forward. On-premise solutions simply can’t offer the same depth and speed of analytics as a cloud-based solution like SuccessFactors. You can not only collect and store more data than ever that you can access anytime from any device and location but thanks to intuitive dashboards and forecasting tools, drawing out important insights from this data has never been easier.
With SuccessFactors, leaders can access real-time data to manage teams across locations and empower true communication and collaboration. Instead of taking hours or even days to collate and access data sometimes as simple as a basic employee headcount, SuccessFactors enables you to analyse data when it matters and make informed decisions to drive immediate improvements. With SAP SuccessFactors, customers experience up to a 95% improvement in the completeness and accuracy of HCM data for more intelligent decision making.
Limited Talent Transparency
Today HR executives realise that for truly effective recruitment and talent management you need to go beyond basic people tracking. Many on-premise solutions simply don’t offer the real-time holistic view of gaps between their current skills and potential skills, especially in combination with overall business goals so that recruitment is truly aligned with where the business wants to be next year, not just where they need to be today.
The SuccessFactors suite overcomes these limitations by giving companies an in-depth look into their current workforce along with individual skills, capabilities and ongoing performance. It also provides a complete picture of current vacancies as well as the job roles your business may need in the future. Identify skills gaps, along with succession opportunities to streamline the recruitment process, reduce the time it takes to fill roles and ultimately reduce costs all while ensuring you fit the best person for the job. For example, reassignments can automatically change location, job role and team structure while recommending new learning and development opportunities, performance and goal changes, and updates to succession planning.
With SuccessFactors, 65% of customers manage to fill open positions with internal promotions or transfers rather than outside recruitment. They experienced an average of a 30% reduction in the annual percentage of employees leaving the organisation in one to three years after the solution was deployed.
Unproductive Manual Processes
It’s no secret that many HR teams today spend just as much, if not more time, on tedious everyday admin and lengthy manual processes rather than strategic decision making. These processes are unavoidable and contribute to the successful running of HR workflows, but they also take precious time that could be better spent on more high-impact strategies.
SuccessFactors offers unparalleled automation and digitisation to streamline everything from everyday paperwork to important workflows. Partnerships with other popular cloud systems like DocuSign enables HR teams to send and complete paperwork from any device and location as well as easily keep track of progress and store securely. The cloud-based modules all offer simpler implementation and lowers costs with less need for customisation. With cloud agility, you can even look at the impact of automated processes and changes for testing and quick roll out for ongoing efficiency improvements.
HR teams using SuccessFactors have seen average time savings of 59.9% and even as much as 90% thanks to a reduction in the administration of HCM processes. Plus, 85% of customers found these new processes to be easy and simple.
New Compliance Risks
The benchmark for compliance is higher than ever before and the consequences of not meeting compliance requirements are growing ever more severe. To make matters worse, countries are moving away from global compliance standards to bring in their own increasingly complex compliance regulations. Keeping up with changes such as GDPR is becoming a huge concern and continues to be increasingly challenging to tackle.
It’s only with an agile yet consistent cloud-based solution like SuccessFactors which meets these compliance needs. SuccessFactors makes it a simple automated process rather than a manual burden. With better-integrated data sources, improved data validation as well as data cleansing, SuccessFactors is compliant and it offers complete flexibility for your own requirements globally and regionally. Automate auditing processes and reduce risk with fewer user errors and consistent compliance across the board.
Inefficient Disparate Systems
If you’re still operating with disparate systems whether on-premise solutions, software or even cloud-based solutions, then you’re not working as efficiently as you could be. This type of set-up only drives higher recruitment spend, onboarding and training costs, and attrition. Not to mention the problems with integration, accuracy and transparency.
With complete cloud-based solutions, you have fewer vendors to manage as well as fewer integrations to build and maintain. A complete solution that can handle your HR strategy from start to finish like SuccessFactors offers even more simplicity with automated tools and workflows for less manual processes, spreadsheets and paper. Built-in integrations such as DocuSign and easy integrations such as SalesForce can be implemented by TalenTeam, which means you have everything you need all within one solution.
It’s no surprise that Line Managers using SAP SuccessFactors solutions reduce the time spent on HR processes from an average 37% up to a huge 50%. Customers experienced a 26% reduction in cost per HR transaction.
Value-added Strategies for a Value-added Bottom line
The bottom line is always the bottom line. SuccessFactors empowers HR teams to increase efficiencies and reduce costs across the board so that they can focus more on value-added strategies such as compliance, diversity, inclusion, health, wellbeing, and much more. Combined with SuccessFactors out-of-the-box affordability, thanks to no big up-front costs and no hardware or maintenance costs, your business can leverage this leading cloud solution to save money and increase revenue.
To find out more contact one of our team today, or book your demo and see the solution in action.