Welcome to the world of human resources or HR technology, where hardware and software join forces to revolutionize people process management. It’s not just about payroll and benefits anymore – HR technology is breaking new ground. In fact, developments in HR technology tackle the pressing issues of remote and hybrid work setups, harness the power of artificial intelligence and data analytics, and pave the way for a tech-savvy workforce hungry for self-service options and continuous learning opportunities.
HR technology now covers the entire employee lifecycle from recruitment to retirement, offering organizations a centralized platform to manage diverse HR functions while maximizing productivity efficiently. The importance of HR technology becomes evident when considering the widely accepted standard ratio of 1.4 HR staff per 100 employees in organizations, highlighting the need for efficient technology-driven solutions.
To address this need, Tandem HR provides a comprehensive suite of solutions meticulously crafted to simplify and streamline HR processes. By leveraging their platform, organizations can ensure optimal efficiency and compliance at every stage of the employee journey.
Hiring
Finding and attracting top talent is a critical aspect of HR. Consequently, 58% of companies rely on HR technologies to facilitate talent recruitment and retention efforts.
HR technology facilitates hiring by automating job postings, applicant tracking, resume screening, and candidate communication. With advanced features like applicant analytics and integration with job boards, HR technology enables organizations to make data-driven hiring decisions and improve the overall recruitment experience.
Onboarding
Efficient onboarding is vital for a positive employee experience. HR technology automates workflows, including document collection, policy acknowledgment, and training. This eliminates manual paperwork, streamlines the process, and reduces HR administrative burdens. HR technology allows for a smooth transition for new hires, ensuring seamless integration into the company. It also enhances compliance by automating document collection and verification, reducing errors, and maintaining accurate records.
Additionally, HR technology provides valuable data for analyzing onboarding effectiveness and identifying areas for improvement. This ensures onboarding is an efficient, personalized, and compliant experience, setting the stage for employee success.
Time Tracking
Accurate time and attendance tracking are vital for workforce management and payroll. HR technology simplifies this with automated time tracking, scheduling, and leave management. Integrating with biometric devices or mobile apps enables real-time attendance monitoring, ensuring accuracy and reducing compliance risks.
Automated time tracking eliminates manual entry and errors. Scheduling becomes efficient as managers create and update schedules easily. Leave management is streamlined through digital requests and automated updates.
HR technology also integrates with time clocks or mobile apps, monitoring real-time attendance, preventing fraud, and maintaining accuracy. It can also reduce compliance risks by automating calculations, ensuring adherence to labor laws, and fair compensation.
Payroll
HR technology simplifies payroll management by automating calculations, tax deductions, and direct deposit. It ensures accurate and efficient payroll processing, enhancing employee satisfaction and compliance. Integration with HR and timekeeping systems reduces errors and ensures data consistency.
With built-in compliance features, organizations minimize risks, enhance data security, and meet regulatory requirements. HR technology prioritizes data privacy and confidentiality. Efficient payroll management through HR technology saves time, reduces costs, and ensures timely employee paychecks.
Employee Self-Service Portal
HR technology’s self-service portals, like Tandem HR’s PeopleHub, empower employees with 24/7 access to essential HR information. They can view personal details, access pay stubs, and manage benefits independently. This fosters transparency and autonomy, reducing HR assistance needs.
Employees take ownership of their HR tasks, freeing HR professionals for strategic initiatives. Self-service portals streamline processes and promote a culture of self-sufficiency.
Reporting
HR technology simplifies data-driven decision-making in HR management. By automating data collection, analysis, and reporting, technology provides valuable insights into key HR metrics. Then, organizations can track turnover rates, performance indicators, and diversity statistics with HR technology.
Automated data collection both saves time and ensures accuracy. Advanced analytics tools enable in-depth analysis and trend identification. Consequently, leaders can make data-driven decisions based on insights obtained from HR technology.
Comprehensive reporting capabilities present findings and recommendations. HR technology allows for tracking the impact of initiatives and continuous improvement. This allows organizations to optimize HR processes and align strategies with business objectives by leveraging data.
Training & Development
Investing in employee training and development is crucial for enhancing productivity and retaining top talent. To that end, HR technology facilitates learning management systems (LMS) that streamline training programs’ creation, delivery, and tracking. With online course catalogs, automated certifications, and progress tracking, organizations can nurture a culture of continuous learning and skill development.
Performance Management
Traditional performance management processes often suffer from subjectivity and lack of transparency. Conversely, HR technology offers performance management modules that enable organizations to set goals, conduct regular check-ins, and facilitate 360-degree feedback. By automating performance reviews and tracking progress, HR technology promotes fairness, accountability, and alignment between employee performance and organizational objectives.
I-9 Verification
I-9 technology offers a secure and streamlined platform for electronic I-9 verification. It simplifies the collection and storage of employee information, eliminates manual errors, and ensures compliance with changing regulations. With built-in features such as automated form validation, document storage, and error notifications, I-9 automation reduces administrative burdens, improves accuracy, and mitigates compliance risks.
Background Checks
Background checking software automates the entire background screening process, from verifying employment history to conducting criminal record checks and drug screenings. By leveraging advanced databases and technology, this technology delivers quick and accurate results, allowing HR professionals to make informed hiring decisions while ensuring the safety and security of their workforce.
Bottom Line
HR technology has become necessary for organizations seeking to streamline HR processes, enhance efficiency, and ensure compliance.
Tandem HR’s PeopleHub platform offers a comprehensive suite of solutions that cover the entire employee lifecycle. These solutions allow leaders to focus on strategic initiatives and foster a positive employee experience. With the help of this HR technology, organizations can unlock the full potential of their workforce, drive organizational success, and stay ahead even in unpredictable times.
