The outlook for the human resources industry is cloudy.
For many organizations, moving HR processes to cloud-based technology is inevitable. According to a 2015-2016 Sierra-Cedar HR Systems Survey, more than half of purchased core human capital management (HCM) systems are now in the cloud.
Those who have already made the switch are wondering how they functioned without it. Cloud technology enables HR to be more strategic and employees to be more productive. Coupled with social and mobile advances, the cloud has transformed HR from an administrative activity into a faster, more efficient business process.
Below are just a few of the benefits of cloud-based HR technology.
Better Able to Adapt to Change
From ever-evolving labor laws, to a fluctuating talent pool, change is the only constant in HR. To keep up, services must be quick, easy, and adaptable. A cloud-based system offers convenient access to applications in a customizable, connected, and secure environment. With a cloud-based system, you no longer need regular software upgrades. It’s easy to add the features you need as your business needs change and grow.
Enrich the Employee Experience
Today’s workforce has become accustomed to performing everyday tasks, like calling a cab and ordering lunch, from an app. They expect the same ease of execution when it comes to the workplace. Cloud-based technology is inherently mobile friendly.
Self-service features empower employees by giving them access to common HR-related tasks 24/7. They can easily apply for a job, request time off, communicate with managers, update personal information, and more from their personal devices.
Cloud-based HR leverages data, dashboards, and reporting capabilities to offer HR teams and managers helpful insight in order to make strategic choices about talent, scheduling, and other workforce needs. Without cloud-based technology the only way to accomplish this is to piece together information from various, antiquated systems.
Increased Flexibility and Mobility
Being in the cloud gives you control over data with maximum accessibility – anytime, anywhere. According to a recent Gallup survey of 15,000 employed adults, 43 percent said they spent at least some time working remotely. With mobile technology you can better track these employees, while giving your employees the freedom to conveniently check in as needed.
Simplify Common HR Tasks
Last but not least, and perhaps the most impressive benefit of cloud-based technology is its ability to streamline common HR tasks, such as:
- Recruitment – No longer restricted to a desk and phone, HR can easily attract and hire talent using robust applicant tracking systems.
- Onboarding – As soon as a candidate accepts the job, an email can be sent with a link so that all paperwork can be filled out ahead of time. New hires are acclimated before they even report on their first day.
- Performance Management – You can manage performance reviews and training history, and access the information at any time.
- Benefits Enrollment – Cloud-based HCM systems streamline open enrollment and connect with carriers to ensure proper communication.
With many daily operational tasks out of the way, your HR team can focus their attention on more strategic efforts that support your organization’s long-term growth. Sunny skies ahead!
Introducing Balance Point
Balance Point’s state-of-the-art cloud-based HCM solution can provide your organization with the benefits listed above and more. The intuitive technology ensures your payroll is processed more efficiently and accurately than ever before.
But that’s just the beginning.
In one platform our solution can simplify all your workforce management needs. It’s scalable so it grows with you. To learn more, click here.