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The Hub of Entire HR System
Technology in the form of modern HR System is essential for any size of Organization now. In order to keep your HR System function relevant and valuable; everything starting from Payroll, HRIS, Time Tracking, Leave management, Claim & Reimbursement, Loans & Advance, Employee Self Service, Performance and more to Training should be synchronized.
This is possible using right HR Software i.e. HR Mangtaa for your Business. Get all functions of HR System in one HR Software:
Ease your Payroll Services: Employees attendance and leaves are managed or retrieved easily using the time-tracker facility. Also the HR can modify the leaves of employees; add incentives, overtime and much more. The employee’s salary slip can also be managed in this.
Performance: Every employee can review their performance and get an opportunity to express their outlooks, which in turn becomes easier to discuss about work. This also adds up to their improved performance. Can also set automated reminders for different types of work and much customized.
Claim & Reimbursement: Employees can send travel, communication, general expense, custom and reimbursements requests easily through the dashboard with the click of a button.
Loans & Advances: Employees are granted the facility of applying for a loan online over the network with certain policies. It offers a full range of automatic loan processing capabilities.
The only Viable solution for your HR System is HR Mangtaa.
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Manage Your Employee Leave with Automated Leave System
Automated employees leave management system to robotize manual HR professionals duty, to free HR staff from performing these core human resources activities. This system offers many features including time-off email, notifications email, time off approval, time off balance records, availability of employee, and up to date information that will help enhance the overview of the organization. Some of the features listed for this system that will improve the efficiency of human resources and employee productivity. This system also integrates holiday and leaves reminder function. To make sure that the leave requests are not missing. Here are some reasons that promise to use this system: Fast Access to Leave Data An employee leave management system gives fast access to correct and proper leave transaction data. It put an end to turn pages of an attendance register, making it a one-step procedure to make decisions about whether to approve or reject the leave applications. Quick View of Leave Figure Dashboards and reports provide a panoramic view of all leave information, transactions, and leave adjusts for all colleagues. This helps administrators to see and understand leave patterns and allows them to take effective action in resource planning. Reports and dashboards provide detailed information about leave, where administrators can view the number of employees who are on leave, present, have a holiday etc. Easy Payroll Process Integrated leave management system with payroll software give correct information about leave to generate accurate payment slips. Filters & Permissions In most cases, you do not need your workers to see the whole organization and its activities, nor will your employees be interested in this information, you can disable the parts you want to see people make access to User roles and assigning them the right part of the system. Numerous employee leaves management systems to allow users to create, update and delete users and set permissions. In fact, you get at least two levels of users, administrators, and business users.
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Payroll Software Can Help Reduce Time-Consuming And Costly Mistakes
Processing payroll is not as simple or as easy as it sounds. The complication of keeping accurate records of hours worked, computing wages, and ensuring that you pay overtime correctly is a time-consuming task. Including factors like medical benefits, time off and retirement funds arrangements may require even small businesses to invest many hours on payroll processing every pay cycle. Employees need to be paid on time and regularly; however, there’s a lot that goes into ensuring that payroll is computed accurately and in a timely manner. An effective payroll software can save you lot of time which in turn can save an organization a lot of money in the long run.
Here are some important advantages of such a software:
Eliminates manual data entry errors Mistakes in data entry can create payment problems and the misuse of rules. This can be solved by using integrated payroll software. A good solution is to simply invest in payroll software, which can be much more cost effective than employing extra staff to deal with a growing manual process.
Access anywhere anytime On the off chance that your PC crashes, data may get lost. There is no such issue with cloud-based payroll software. Simply sign-in from another device and continue your task.
Access from different devices Cloud-based payroll software is designed to be used from any device. It allows you to access it from your desktop, smart phone, laptop, etc, and it also gives you multiple accesses, allowing you to invite your managers or accountant in the payroll software to help oversee it remotely from wherever they are.
Security of your data In the case of lost or stolen laptop, you can lose all your important payroll information and your financial details could be hacked but cloud-based tools use strong encryption to keep your data safe in the cloud, reducing the possibility of data loss.
Online payroll software can do what traditional products can do, however, with the additional benefits of the cloud, it allows you access from any device from anywhere.
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The Role Of HR Is Evolving, Now It’s Time For You Get Evolve
It was not so long ago that the administration of hiring, compensation, and benefits was the center of a human resources framework. With the growing need for companies to create a positive experience for employees to retain the better performers, human resources have to fully integrate with HR Software. HR is now focused on creating a growth environment for employees. HR managers are increasingly responsible for influencing how executives interact with employees and optimizing this interaction to retain employees and ultimately enable business success. Unfortunately, outdated manual processes of human resources can prevent companies to see the real value that HR executives can bring to the table. Here are a number of key strategies that HR leaders can use to expand their business.
Get A Forecast: Move From Analysis To Prediction
A “development situation” may seem qualitative, however, it’s really measurable and therefore this way achievable at scale. HR executivescan see through HR Software how to assemble a situation where individuals are constantly advancing their abilities. HR Software can help human resource managers to predict future attrition rates and what key actions for employee development can resolve the negative steady loss. These analyses also figure out prospecting functions before they are empty, identify key motivational factors and plot career paths.
Managing A Multi-Generational Workforce
The workforce is changing generations, and so what employees want from a job and a business. HR managers need to understand how to motivate and recognize employees individually and how to spot the signs when someone feels underrate. The role of HR is to help managers create opportunities to be present and to listen kindly, without permitting the simplicity of technology leads to breakdowns and confusion. By showing the importance of human cooperation, managers build their trust with the worker.
Connecting With A Reason
HR managers must make it a priority to ensure that employees feel equally satisfied with their work. HR professionals have to create an environment in which employees feel their work is important and provides a purpose beyond profitability. It can be done by using HR Solutions and supporting managers on how to talk to employees about their values and how to help translate this meaningful work at the organization. This HR Solutions builds confidence and gives administrators insight into the best way to recognize employees’ work. It is also essential that the organization values are integrated into everyday life through interviews, comment bases, conversations and promotion within decision-making.
Technology Can Offer Assistance
As you move into this new role as a thought partner and growth promoter, HR Software can allow you to collect and analyze data on people and performance, which will help you spot problems and opportunities. human resources can be a champion in creating an exceptional culture that attracts and helps retain the best talent.
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Benefits Of SaaS HR Software
The cloud-based HR software is taking businesses by a storm and does not seem to be stopping anytime soon. In addition to the minimal hardware costs and hassle-free, companies that use SaaS HR software invest less in the media. Being simple, the cloud is no longer limited to key players, because small businesses and start-ups can also exploit the potential of cloud technology.
Cost Saving
With SaaS, there is no need to purchase additional hardware or software or have IT staff available to configure and manage. Everything that is required to keep your human resources system safe and running smoothly – data backups of firewall maintenance – is managed by the provider.
Quick Setup
With nothing to buy or install, the startup is much simpler. SaaS HR Software providers can usually give you a link to your own “instance” within hours. SaaS human resource providers can also provide tools and assistance to help with importing data and other configuration activities.
Smooth Accessibility
As SaaS solutions are designed to be used online, employee self-service is built from the start. Most must have a robust workflow based on rules and approval, so HR processes are managed efficiently and confidential data is kept secure.
Time Efficient
Managing and updating the software can be very distracting for you and your IT colleagues. With SaaS, the provider is responsible for the system, including applying the latest updates, so you can focus on what matters most.
Quick Payback
There are no hardware or software requirements and a faster implementation process, reimbursement is almost always faster than for internal or hosted human resources systems. In fact, since SaaS providers often add new features every month, the value you get from your system can increase rather than decrease over time.
Always updated
SaaS providers have automatically introduced new features to all its customers as soon as they are released. Launches are too frequent, as SaaS applications are easier to extend. You never leave an obsolete system.
Expand Quickly
With SaaS, it is easier to upgrade your system to meet your needs. You can add or delete employees or users whenever you want, or deploy the system to new countries. The Infrastructure of your provider is scaled for you.
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5 Easy Steps For Choosing HR Software
HR Software Selection is an important decision. This system will increase the efficiency of their managers and administrators in the human resources department, improve employee satisfaction, and control the costs related to managing human resources. The good news is that at the end of this process if you have made the right decision, your HR department will work more efficiently and have more time and resources to assist your employees.
In this blog, I will guide you step by step through the 5 Easy Steps For Choosing the right hr software. Step For Choosing HR software are:
1. Improve Your HR Software Awareness Before you can figure out what your HR needs are, you should have a basic understanding of the features and functions and you also need to know what types of features the HR software offers. The basic features such software offer are Employee Database module, Payroll module, Time and Attendance module, Training Management module, Recruitment Management module, ESS (Employee self-service), Leave Management module, Claim & Reimbursement module, Loans & Advance Module and Cloud Options.
2. Figure Out Your Business Need You must figure out your needs first. The more details you put in to what can be considered the most important step in the process of choosing the software, the better. A company can figure out their needs for the HR software are ease of use, the process of hiring, performance survey, new employee onboarding process, history of work and salaries, or the process of termination.
3. Figure Out Budget Before you spend time on searching for an HR application, you need to figure out how much you can spend on the system. Figure out who will use the software, and speak with each key person of different departments. Including staff training, hiring managers, payroll of staff, group risk management, end-users, and other team members, who need software to perform their work.
4. Decide The HR Software Systems You should have a demo with the HR software dealer that you are going to evaluate. Evaluate each product and see how they fit your needs. Each provider will show you where their HR software is the strongest. Make sure that in the demo version you see exactly the features you need. You can create a short set of questions for the dealer to provide answers that will help you in buying the system. Because it is unlikely that you can cover all the needs that you have determined.
5. Make the purchase decision Now you have figured out your needs and have selected the dealer meeting those needs and the price. Now it is time to make a final decision about the purchase based on everything you have done so far.
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Web Based SaaS HR Software
SaaS means (Software as a service)
In the past, generally you buy software and install directly to a device, SaaS generally refers to a support-based model, where the software is hosted in the cloud and accessible via the Internet. There are a number of benefits to consumers of this, whether it is people who use the software for private purposes or business.
Benefits Of SaaS:
Quick Implementation
With SaaS, you just need an Internet connection and a browser. While regular software may take weeks or even months to operationalize. SaaS solutions do not require any software to be installed and you can immediately access your software at any time, anywhere from your smartphone, laptop, and from the desktop.
Reduced Costs
One of the benefits of web-based software is cost. The cost of using an online solution can be much lower. In addition, all maintenance responsibilities are managed by the supplier, which makes these solutions attractive to companies that do not want to spend money on infrastructure and employees. One of the advantages of the software is that you can protect your own information.
Backups and Data Recovery
If you are familiar with the traditional software, you know that if you have set up an expensive automated solution, the process of backing up your data every week can be laborious. SaaS solutions eliminate this laborious task, remind an automatic backup without interference and protect the integrity of your data.
Web Based, SaaS HR Software
Online HR services take care of your processes automatically over the internet. You don’t have to invest in costly hardware, software or other items to set-up. Cloud-based SaaS human resources software is an efficient and effective HR solution that helps more effectively manage employees, control costs, and improve overall workforce efficiency, thereby gaining substantial benefits for human resources department.
The cloud is no more a thing for the bigger business only, as being highly budget-friendly. As the cloud revolutionized and driven business by a storm around the world, it is time for startups and small businesses to use this innovative technology to automate, accelerate, and simplify critical activities of the business, especially for human Resources department.
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An Online HR Software Can Save You Both Time And Money - HRMangtaa
HR professionals spend up to sixty to seventy percent of their time on administrative activities, and processing HR manually. Automating human resources will give you opportunities to save time and money. An Online HR software can save a lot of time on a number of human resources tasks. Everything from hiring and on boarding, managing time and attendance, payroll processing and even profit management.
Two Important Function Of HR department: Recruitment
The necessary and difficult task of the Human Resources Department is hiring talented candidates to contribute to the growth of the organization. This complex process involves high cost and time. However, you can simplify this process by using HR software. The software allows you to effectively manage the recruitment. The system optimizes all stages such as pre-selected resumes, scheduling interviews, sending e-mail notifications to candidates and recruiters, etc. To speed up the process and ensure that recruiters focus on candidates’ skills.
Payroll
This feature has increased the popularity and growth of human resources software. The computerized payroll system saves time and cost, as all payroll work is automated. Here you can create the corporate payment structure for employees; The HR software accurately calculates the employee’s salary making the necessary tax deductions in less time and quickly generate pay slips regardless of volume and keeps copies for future use.
This two time consuming tasks take up most of the time of HR departments, who process it manually. Now it’s time to transform your human resources department with the online HR software designed for reducing errors, add efficiency and at the same time are cost-savings for the company.
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Questions You Should Ask Before Buying HR Software
HR professionals and software dealers agree that the first step in human resource software surveys is to understand your current processes, anticipate future needs and know what goals you want to achieve with the software. A simple Google search for “human resources software” will return many results. Each dealer will promise efficient, easy-to-use and cost-effective software.
Use the following questions to help filter this process.
1. Do you understand our specific needs and what we are trying to achieve with the new software?
2. Can this software meet all my human resource needs?
3. Will this software save us money?
4. What is new in this HR software and is it easy to use?
5. How do you determine the price?
6. How safe is employee data?
7. How can this software help our company achieve these goals, will it help us be more productive?
8. What costs are not included in the HR software?
9. Does the software work with my existing hardware, network, and data?
10. How easy is it to integrate the system with other platforms?
11. How often do updates come for this product?
12. Can I integrate the Time Tracking system with this product?
13. What amount of data can it handle?
14. Does the system hold all global employee records?
15. Does the system link with HR-related systems such as payroll and benefits?
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Top 5 Advantages Of Payroll System - HRMangtaa
A manual payroll system requires payroll that is processed manually and therefore much slower than an automated procedure. An automated payroll system allows the employer to process payroll through a computerized system. The most obvious advantage of payroll software is that payroll calculations can be completed in a fraction of the time then they do manually. This system can offer much more than the ability to calculate legal deductions – such as national tax and insurance – and maintain cumulative totals. They can also integrate Time Tracking systems that record employee attendance or time worked. In this way, the information on hours worked, either automatically collected by a user or operator, connected to a system.
1. Easy Calculations
Accuracy is required to pay employees the right money they have earned. To avoid the difficulty of manually computing the payroll, you can use a software to automate the process. The withholding tax is calculated for each employee based on data entry in the conditions of detention. This reduces the likelihood of errors in the payroll tax, which can lead to charges from the Corporate tax and the income tax. The process is productive and efficient to save time and money. Your accounting department can create reports and financial documents easily.
2. Easy Forecasting
Payroll system allows you to view and control instantly all payroll expenses. This helps you graph the financial data to help you create a forecast. If you have an idea of your business performance, it will be much easier to choose when you need to employ new workforce for the company. You can make adjustments and calculate salary increases to help you make an assessment of how this will affect your money. It’s easier to know if your decision is good for business.
3. Save Time
It takes extra time and resources for a company to manage payroll manually. But the payroll software helps to accelerate all aspects of the payroll process with a number of automated functions.
4. Safe Backup
As a company, keeping large amounts of data on the payroll can be difficult. You can not store plenty of documents and data manually. However, when using payroll software, it is convenient to save the records to various databases available online. If your computer or system is destroyed, you should always have a backup to recover all your recordings.
5. Cost Effective
By taking control of the payroll through the software rather than hiring another person to keep records, there is great potential to save money … especially once you can use the software quickly and efficiently.
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MAKE YOUR HR DEPARTMENT GO “PAPERLESS” - HRMangtaa
HR is full of processes, procedures and all departments of legal obligations, most of which are paper-based. To go paperless, human resource managers need to consider all types of security, accuracy, accessibility and compliance issues. In today’s office environment, paper is needless. In fact, it is a great waste of time. To make your documents more efficient, use human resource management systems. It saves you the time you usually spend trying to find the physical file you are looking for.
Here are some benefits of human resource management systems:
It gives you quick access to your document through a human resources information system
We can say goodbye to the long hours of presenting, storing, and submitting forms to their proper places. HR tasks can be fully accomplished with an online human resource management systems
It increases the security of locking documents with a password or other security measure
Electronically capture and store your documents and keep them in one place
It gives you a complete view of an employee, in one place
It makes, even more, portable documents
This saves desk space
A paperless technology is one of the biggest trends in the world of Human Resources and shows no signs of slowing down. And what can you ask for? Establishing good mobile browsing technology that can capture, manage and protect critical digital data in human resources has a huge impact on everyone’s productivity.
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5 Key Benefits Of Cloud-Based HR software
HR software based on the cloud offer many advantages in the current work environment and can help simplify many workforce management tasks. The Human Resources Department is responsible for several key functions, such as recruitment, management, employee data management and performance management. A common feature of the various HR functions is that they are difficult to process the data. Just as a growing number of businesses across the country are discovering that HR software for HR management is “must” rather than “nice to have,” they also understand unmatched benefits of cloud computing software compared to local solution levels.
1. Management Advantages
You can use it at any time and anywhere from your smartphone, laptop, and from your desktop. A cloud-based system provides fast access to applications in a personalized, self-service, connected and secure environment, reducing the time it takes to work with multiple systems. Cloud-based HR software also leads to increased use and participation – because access to human resources and benefits is quick, convenient and easy.
2. Eliminate Paper-Based Processes
You can save time and money with easier access to important company documents and information about employees. When your important business data is stored in a secure cloud, you can avoid wasting time chasing paperwork and paying unnecessary fines.
3. Advanced Recruiting Function
One of the core functions of the Human Resources department is hiring. Like most human resources functions, the recruitment process involves a gathering of massive data, which involves processing CVs, interview planning, collecting interview feedback and deploying job offers. Some processes such as CV processing have been handled by software applications for years, while some other processes have continued to be processed manually in many cases. The cloud-based HR software is designed in such a way that most of the processing is going on in the cloud. Using cloud-based HR software also provides high-quality data analysis.
4. Data Security
Companies that deal primarily with cloud providers often doubt the security of their data in the hands of the provider. Especially for data relating to human resources, which are confidential, with a lot of demographic and financial information. The main aspect of a cloud-based software is that it is designed with the security of databases, applications, and data in mind. While data is hosted and stored remotely any data sent to the client is always sent with an encryption. The software also restricts physical access and access to stored data by ID. This is also better supported by the cloud provider.
5. Reduce Cost
There are economic benefits to the HR in using cloud-based HR software. Removing sensitive hardware, software, on-site service and annoying updates, cloud-based HR software can help companies save a lot of money. With employee management benefits of cloud-based software, there is no new hardware or software to buy, thus immediately saving thousands. These benefits can include No installation fees, No hidden fees, no maintenance fees.
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An Online Payroll Software Can Help Solve Most of Your Major Problems
The changeover from paper-based or other static payroll processing to an online payroll system has always been a topic of discussion for management in many organizations. Payroll is one of the most important functions of any business, that no one wants to fiddle with. It is quite easy to make a mistake in the manual payroll process which can be greatly reduced by implementing a cloud-based payroll software for your accounting and human resources team. The payroll software is time saving and easy to use.
Manage Employee’s Salary
The payroll system automatically calculates employee’s salaries, loan, leave details, debt deduction, approved OT, IT TAX, and the advance of the employee for a month and the selected year. The system can also calculate the salary manually of the selected employee in the selected month and year based on the data manually entered by the administrator.
Tracking Employee Absence
Manually following leave and sick days of your employees can be a time-consuming task with room for errors. This can have an impact on the calculation of wages. Having an effective time tracking module in an online payroll system eliminates buddy punching and time-card problems as well.
Departmental Issues
Many companies, especially smaller ones, scrutinise their accounts manually. The manual payroll system usually have a lot of manual interruptions. Errors in entering data can create payment problems and poor performance. This creates an administrative burden for you and your human resources staff. This can be solved using payroll software. In fact, a good initial solution is to simply invest in cloud-based payroll software, which can be much more effective than hiring additional staff to manage the growing manual processes.
Managerial Challenges
Keeping records of wages and information of employees efficiently and accurately is one of the main problems of many organization. Sometimes it’s just a matter of the workflow saving files and documents in one place and creating a constant classification process. Gradual reduction or even the elimination of paper forms and files can be an effective solution. This can be achieved through payroll software that integrates all your human resources and payroll functions.
Full and Final Settlement
The payroll system will automatically calculate outstanding contributions, assets, leaves, loans, and pay all unpaid dues if the employee leaves the company.
Researching and investing in a program that can combine all these features will simplify your overall process, reduce the amount of time spent on tracking and data entry, and even enable your department to become more efficient and profitable.
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Top 6 Benefits of HR Software
A few years ago, if human resources wanted to keep employee records, their only option was a paper-based or at best a spreadsheet system. Fast Forward to today and current human resource management systems are available in the cloud and employees can securely access their information anywhere, anytime. HR software brings automation of HR activities that directly increases the productivity of HR department and also reduce the likelihood of errors in the functioning of the HR department at the same time.
Manage Payroll and Tax
Manage a full range of payroll functions with automated HR Software that helps manage tax deductions and taxes.
Efficiently Manage HR Administration
If you have more than a few dozen people working for you, tracking and administrating employee information can become a nightmare if you are confident to a paper-based system. Simple questions like “How much vacation have you taken? ‘Can I have a copy of my previous two months payslips?’ can become extremely time-consuming.
Reduce Errors
Human error can lead to serious financial and legal complications. A wrongly placed decimal point could cause serious problems, with a human resource management system, reduce the amount of error to a minimum. The HR software automates the most common processes such as payroll information, taxes, and leaves tracking.
Reduce costs
For any organization, managing or reducing cost remains the main agenda. By using HR software you do not have to worry about mistakes and multiple processes and as a result, your costs will reduce.
Risk Reduction
In the event of a discussion, how can you prove that an employee has been informed of a policy or training on how to use a piece of equipment? E-mail communication is fine, but it is not uncommon to find someone who refuses to see an e-mail. A large number of human resource management systems today offer ease of reading and acceptance that provides a paper trail showing not only that an employee has received a particular message but have also accepted the content of the communication.
Metrics
Companies must constantly review and develop information based on its own internal operating strategies and skills. HR software tools generally include human resource measures that allow you to accurately assess problems such as turnover rate and hiring costs. By implementing HR software in your business, you give yourself many tools that can be used to design business strategies.
HR software can handle many tasks, including salaries, benefits, attendance, performance data and more.
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Top 9 Trends that will Reshape the HR Software Market
The latest technologies, such as, mobile, cloud, analytics, and artificial intelligence, has pervaded the field of people management too, as is seen from the expected shifts for the future. New integrated human resource management platforms are seen as the major investment bucket when it comes to HR tech. HR needs to stay competitive within the company, acting not as a cost-center, but seen complementing business processes for profits.
Based on these tech interventions, new trends across the HR landscape are emerging:
Renewed Performance Management: Performance management is shifting from a yearly cycle to an “always on” feedback mechanism—this can be made possible with customized solutions in the PaaS framework. The shift is mainly because the business model is changing to a more seamless, collaborative and team-based model. Hence, performance parameters must change in sync, too. Agile methods to reward high performance are evolving, with specialized vendors creating new performance management systems and processes, backed by real-time data and 360 degree feedback of teams. The process must also engage the employee and assessor—game-based performance assessment is one such example.
Measuring engagement real-time: Pulse surveys for measuring employee engagement are seeing a shift. No longer is a single data point the prime decider of engagement levels. A lot of data which is currently unaccounted for, is floating out there, waiting to be tapped to help organizations understand their people better. For example, comments on the internal social media site, can serve as an indicator of happiness levels. In accordance, a new range of pulse survey tools, mood indicators, culture assessments and savvy media feedback tools, are emerging. The idea is to make the environment more receptive for employees to share what they truly feel. An intuitively designed system-interface can make this happen.
People Analytics: Applying analytics and data to people processes helps derive insights into employee behavior. Companies are seen investing in such platforms which are driven by machine learning and big data analytics. Integration in the HR Tech landscape is also happening through acquisitions and the emergence of niche start-ups. Consolidation of data is the foundation for effective people analytics, and these platforms will help companies achieve it.
Mobile: “On-the-go” is the buzzword for the customer who is glued round the clock to his or her smartphone. For HR, the customer is none but the employee. People processes and self-help employee portals are increasingly being accessed through mobile, especially with a global and mobile workforce fast becoming the norm. Building software that is compatible with mobile architectures with mobile-friendly design, and many a times in the Cloud, is thus, vital. These mobile applications also need to “talk to” other applications, such as video, camera, location services and so on.
Platform-as-a-Service (PaaS): Increasingly, companies are turning to the cloud for business. HR applications are no exception. Platform-as-a-Service (PaaS) applications are making it possible for companies to quickly and effectively adopt the Cloud-based applications, at an affordable cost. This includes applications that challenge fundamental work models. Collaboration, communication, engagement and innovation are the new-age expectations that companies have from PaaS vendors.
Evolved Learning Mechanisms: The way people learn has changed over time, with learning becoming more hands-on and continuous. Accordingly, learning content must capture low attention spans, maximise retention and be accessible across channels and devices. Virtual learning, collaborative learning and on-the-job learning are the latest contenders. According to the report, companies have shifted from 77% instructor-led training to only 32%. Massive Open Online Sources (MOOC) is expected to provide “learning and engagement” in a capsule, and learning management systems must evolve to incorporate this design thinking.
Recruitment: With the war for talent becoming real, finding the right people is becoming a new task in the digital age. New platforms, such as, LinkedIn are taking over. For example, LinkedIn’s recruitment business had grown to $1.9 billion between 2012 to 2015. Applicant tracking systems are being redefined with a preference for end-to-end recruitment management systems.
Workforce and employment models: New ways of working are here. Right from having a contingent workforce to remote and part-time working. This demands new ways of time tracking and attendance management.
Team Management Tools: With the increasing focus on collaboration and team-work, talent management and in-house communication software must keep pace. Chat applications, such as, Slack and employee-social sharing sites like Yammer are key developments that are challenging traditional hierarchy-based work interactions.
Source: hrtechnologist.com
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