Having the right HR and payroll solution is pivotal to the success and overall flow of workforce management. If your business is currently expanding, it is highly likely that you'll be expanding your team in order to accommodate business growth. With growth, having a reliable and flexible HR and payroll platform that can handle your increasingly complex needs will become essential for managing your workforce.
The Great Resignation isn’t slowing down anytime soon. According to the Bureau of Labor Statistics, about 4.2 million people quit their jobs in July of 2022 alone.
Giving your employees the opportunity to log overtime hours enables you to meet the demands of busy periods and staff shortages without having to bring on extra staff. Your employees earn more, and you, as an employer, reap the benefits of higher workforce efficiency.
Diversity and inclusion have become an integral part of attracting new talent. In fact, 76% of job seekers consider diversity to be a significant factor when evaluating potential employers. Writing inclusive job descriptions is no longer a choice if your company wants access to a larger talent pool.
Congrats on recruiting the perfect candidate for your remote role. However, the work is far from over. There’s still a crucial phase that will determine the immediate future of your company’s new remote employee: virtual onboarding.
You just finished making yourself some coffee and are walking over to your desk when you suddenly hear a commotion. You and your colleague give each other puzzled looks and go find out what all the ruckus is about. You stare in disbelief at an enraged co-worker being dragged away by security!
A modern HR professional needs to be competent in the use of human resource information systems. This is a key requirement if you want to thrive in a data-driven world. While learning on the job is a great way to go about it, there’s one way you can expedite the process: getting an HRIS certification.
You’ve spent a lot of time researching your options, interviewing stakeholders, and shortlisting HRIS vendors before making the final choice. After all that effort, you’ve finally decided on the best-fit solution to automate your core HR processes. But there’s still a major step left that can make or break this project: HRIS implementation.
Employers have been using defined contribution plans to attract and retain top talentsince the launch of 401(k)s in 1978. These plans transferred most of the risk involved with defined-benefit plans from the employers to the employees. The only problem? Managing a 401(k) comes with high administrative costs that most small businesses can’t afford. As a result, only 53% of workers at private companies with fewer than 100 employees have access to employer-sponsored retirement plans.
HR was traditionally viewed through a narrow lens — a function that relied on intuition to make decisions with no real way of measuring their impact. The closest HR managers got to analytics was reporting on a handful of metrics, such as headcount, employee retention, and turnover. However, they rarely got involved in extracting insights for business leaders and driving company-wide decisions.
Today, analytics is at the center of HR. Known as people analytics, it’s what enables businesses to make informed strategic decisions about workforce and talent management. 73% of HR professionals say that people analytics will remain a top priority for their organizations until at least 2025, according to LinkedIn.
Your company will experience higher efficiency, happier employees, and better decision-making by relying on people analytics. More businesses are beginning to realize these benefits and are investing in analytics solutions to gain a competitive edge.