In our last post, we discussed the competitive recruitment marketplace that has companies one-upping each other for the best candidates. And, while you’ve successfully beat-out the competition and have built a solid team of go-getters, you’re not out of the woods. Actually, you’re only halfway there.
The second post in our 2-part series focuses on maintaining your talented, valued employees.
Retaining employees can be just as labor-intensive, if not more so than hiring, for Managers and Human Resources professionals. Now that you’ve taken the time to onboard, acclimate, and groom these employees to be trusted members of your team, their departure would be a critical loss to your company. Therefore, retaining top talent is a top priority for today’s businesses.
Implementing a flexible, intelligence-based HCM solution with the self-service capabilities employees want, can help to avert departure and keep them happier in the workplace.
Innovative HR management tools should not only streamline processes, but provide a collaborative resource that can improve communication across an entire company.
Your HCM solution should reflect today’s workforce - mobile, accessible, and adaptable. Change is a constant, as new technology is introduced and HR evolves. Employees, whether they work on-site or telecommute, want to be able to access personal information related to the workplace. They want the option of logging in to edit contact and emergency information, review payroll history, and manage their paid time off (PTO). Scheduling and dynamic, real-time calendar features on-demand are essential to those clocking in from devices, and the need to track hours for billing. Without these features, talented employees could end up frustrated with the amount of time spent on monotonous tasks and look for a more innovative workplace.
Benefits Administration – health, 401K, wellness plans
Today’s unstable health care and retirement reform makes it more important than ever for employees to be able to manage their own medical coverage and savings plans. Companies offering robust benefits can minimize the risk of staff switching jobs. The right benefits solution will provide intuitive data to let an administrator determine what plans are most beneficial for employees and cost-effective. In addition, giving employees online access to available coverage during open enrollment periods, and electing policies with all related materials available online, provides a better understanding into the complexities of benefits administration. Retirement and pension plan information online may illustrate contributions made on behalf of a company that can influence overall compensation - leading to increased job satisfaction as well.
Payroll Data HR Solutions
Employee engagement is central to all of Payroll Data’s HR solutions. Our Orbit Workforce Management platform is powered by the best technology in the industry and the friendliest user-interface. We don’t just make it easy for HR administrators, our inviting HCM solution benefits an entire organization.
Discover how Payroll Data can offer your company the features, capabilities, and HR resources managers and employees need to succeed on the job, and in life. Learn more about our all-in-one HCM with integrated payroll, recruiting, time tracking system, benefits, and compliance services that can be tailored to your business objectives.
Contact us to architect a flexible solution that meets your current need, and grows with your company.
Payroll Data transforms HCM for companies. With complete integration, ease of use, and the flexibility to adapt to your individualized needs (all without breaking the bank), we provide the tools, resources, and personalized service clients need to run their HR Departments. Find out how to put Payroll Data to work for you.