Technology has become an indispensable element in our daily lives, driving growth and transformation across various sectors, including human resources. The adoption of digital tools in HR has led to significant advancements, enabling HR professionals to streamline tasks and focus on strategic goals. The impact of technology in HR has catalyzed the expansion of the global HR tech industry, making it easier to manage HR processes efficiently.
Human Resources and Technology
The role of HR professionals has evolved from traditional administrative functions to strategic leadership. Today, HR plays a crucial role in talent acquisition, employee engagement, conflict resolution, and organizational development. HR technology has been instrumental in reducing administrative burdens, thereby enhancing productivity and allowing HR teams to focus on achieving broader organizational objectives.
About 70% of the firms reported saving 10% or more, while 37% reported saving 20% or more, from the total HR cost after switching to an HR software, according to the 2021 ISG Study on Industry Trends in HR Technology and Service Delivery.
How does technology help transform Human Resources?
Effective onboarding is crucial for shaping employees’ perceptions of the company. Technology simplifies the onboarding process by automating document submission and approvals. HR software enables new hires to complete necessary forms with minimal intervention, reducing the workload for HR professionals and enhancing the onboarding experience.
1. Hassle-free Onboarding Process
Onboarding has the potential to influence how employees perceive the company. A positive, hassle-free onboarding process is the dream of both the employee and the HR professional. However, the various documents required, along with the approvals can be quite exhausting. HR software can help in a smooth onboarding with its simple questions and forms which the employee themselves can fill with minimal human intervention and monitoring. This reduces the workload of the HRs, and increases the credibility of the process.
“In my previous company, we used to enter the employee details manually. This used to be time consuming and has even led to numerous errors. PayWheel automates a self-explanatory form which the candidate can fill on their own. This makes it easier to cross verify the details while reducing common errors.”
-Niharika, Associate Technical Recruiter, Tricon Infotech
2. Optimizing documentation and automation
Digital tools have revolutionized documentation, making paperless operations a reality. Advanced HR software allows for quick access to information, eliminating the need to sift through piles of paperwork. Automation of routine tasks reduces human error and increases efficiency.
3. Enhanced Employee Analysis, Engagement, and Benefits
With routine tasks automated, HR professionals can focus on strategic activities like team building and employee engagement. Technology facilitates employee analysis, performance recognition, and benefits management, leading to improved satisfaction and retention.
4. Advanced Leave and Attendance Management
Traditional methods of tracking attendance are outdated. Modern HR software, such as PayWheel, offers automated leave management with features like biometric integration, location-based check-ins, and offsite attendance tracking. This reduces errors, simplifies workflows, and ensures secure data handling.
5. Efficient Payroll Management
Payroll management is a critical HR function that demands accuracy. Automation tools track working hours, tax calculations, and attendance details, ensuring precise payroll management. HRMS tools provide comprehensive reports and compliance data, supporting informed decision-making.
6. Effective Performance Management
Technology enables the tracking of employee performance, skill development, and career growth. Advanced software monitors performance metrics, feedback, and progress, helping HR professionals recognize and reward top performers, and fostering a high-performing workforce.
Being an HR professional of an IT company, I have often faced difficulties while assigning employees for various projects based on their skill sets. Many a times, we are unaware of the new skills they have recently acquired. This has led to eligible employees missing good opportunities while the company remains oblivious of a potential talent in the forefront. PayWheel, records the beginner level, intermediate and proficient skill set of each employee. This makes it easier for us to understand and keep track of the progression while assigning them to the best suited projects. “
-Prashanti, Executive- People Ops, Tricon Infotech
Conclusion
As an HR professional, it is imperative that one don’s multiple roles and tasks in order to ensure that the employees are happy and productive. There are multiple tools that are now available in the market that helps them navigate through the numerous tasks. However, a dedicated HR professional requires a reliable partner or a tool that they can trust. Tricon Infotech with over 26 years of experience in the software development domain, have developed our cloud based HRM solution – PayWheel. We currently have a diverse clientele of 100+ customers and empowers over 10000+ of their individual employees.
Kindly visit us at https://www.paywheel.com/ , to know more or write into us at paywheelsales@triconinfotech.com and our sales team will get in touch with you immediately.