Are You Plugged into the Power of HR Technology?

With technology at our fingertips, the world is moving faster than ever and that includes the world of business.

Putting that technology to work for you can help you save money and, even more valuable, time.

But this isn’t just about saving time. HR technology helps you maintain compliance, improves data accuracy and security, reduces costs, and provides valuable insights into your employee performance.

From automated payroll to employee onboarding and time tracking, there’s a world of possibilities when it comes to HR technology.

Let’s take a look at how digital solutions can help you save time, money, and stress.

Onboarding New Employees

While there are some aspects of employee onboarding that require a personal touch, many of the administrative tasks can be integrated into an automated onboarding system. There you can quickly create job descriptions, easily capture digital signatures, and even simplify the entire payroll setup.

Time Tracking

Time-tracking software can make it easier to monitor employee attendance and evaluates productivity levels. With a time tracking system, you can also monitor employee activity and manage payroll in real-time.

Processing Payroll

Using cloud-based payroll software, you can automate the entire payroll process–from calculating salaries to reconciling deductions and making payments. Not only does this give you and your HR team access from anywhere, it allows your employees to check their pay stubs and view their payroll history.

Open Communication

Open communication is essential to business success. With the rise of remote work, this has never been more true. Technology makes it possible for everyone to stay connected and informed with everything from one-on-one messaging systems to companywide intranet.

 

 

Virtual Training

Of course, there are some job-related tasks that simply cannot be mastered through virtual training, but for those that can, you will save money and improve employee engagement. With a digital learning platform, you can efficiently and effectively deliver job-related training to your employees. A whopping “89% of employees want training available anywhere and anytime they need to do their job”.

Benefits of Using HR Technology in Your Business

HR technology offers a range of benefits for businesses in terms of compliance, data accuracy and security, cost savings, and insights into employee performance.

With the right HR tech solutions in place, you can streamline processes from start to finish so your business can grow without added stress or hassle.

More Time and Resources for HR Team
Menial paperwork takes up a bulk of HR time, energy, and resources. Automating menial tasks such as payroll and onboarding helps you free up valuable time to focus on employee development.

Increased Employee Engagement
HR technology can facilitate employee engagement in the workplace by providing them with self-service portals, allowing employees to access their benefits, record time or even submit feedback or ideas. With the right technology in place, employees can be more engaged and productive.

Improved Security of Data

“Over 50% of all cyber attacks are done on SMB’s.” Data is the lifeblood of any organization and keeping it secure is essential. By using the right HR technology, you can ensure that all your data is safe and secure. Security measures like multi-factor authentication can go a long way in protecting sensitive information, such as salaries and employment contracts.

Ultimately, HR technology can help you achieve greater efficiency in your business operations. From streamlined payroll and time tracking to improved employee engagement, HR technology can provide you with the tools necessary to make sure your business is running smoothly.

If you’re ready to save time and money while improving employee engagement, there’s no better time than now to explore the world of HR technology.

At iPay Solutions, we can guide you in selecting and implementing the right HR technology solutions for your business. Get in touch with us today to learn more about how we can help you make the most of your HR team’s time, energy, and resources