The advent of the COVID-19 pandemic brought drastic changes in the business landscape. A global health crisis forced CEOs to adopt new strategies to sustain their operations, especially maximizing available technology to make HR and payroll management more mobile and efficient to cope with the unprecedented situation.
In a recent survey conducted by software company Sage among HR leaders, 83 percent of the executives said that HR technologies allowed flexibility and responsiveness to handle internal business processes in this sudden technological shift. The research team also revealed that 81 percent of the respondents stated that techs played a huge role in facilitating HR processes.
HR-related software has enabled big-time or small businesses to process their payroll system with accuracy, reliability, and much faster amid security, privacy, and privacy concerns. Indeed, leveraging technology to your paycheck computation and distribution yields positive outcomes for the business and employees.
As a plethora of business software continues to emerge, business owners should understand the ongoing trends in the industry to prepare themselves. Continue reading to know more about the developments happening and affecting HR!
Combined efforts of on-site, off-site teams
Businesses will most likely switch to a hybrid form of work wherein employees are split into two: rendering their work hours in the office and others doing the job remotely. The HR management now needs to support the workforce in a whole new working environment.
Organizations will rely more on their learning management systems (LMS) as in-person learning development has yet to come for a while. Sticking with cloud-based systems and hiring excellent prospects through remote screening and onboarding is an up-and-coming norm for HR professionals to fulfill their administrative functions.
Reliance to cloud computing
Cloud-based payroll software offers businesses flexibility and saves costs at the same time. Expanding your organization becomes less expensive and feasible through cloud computing as there is no need to purchase or lease extra hardware or software.
Cloud services come with automatic and routine software updates that benefit small and mid-sized businesses with lean finance and IT functions. Its built-in tax compliance feature keeps you updated with the current state, federal, and local payroll regulations to avoid legal concerns. If you do not where to begin, seek professional help from experts likepayroll tax services Fort Myers.
Artificial intelligence as hiring solutions
Business owners and managers favor artificial intelligence (AI) as the technology can help them hire the best recruits that fit the position. Businesses do not hesitate to invest in AIs to do candidate screening and handle routine questions among applicants.
However, HRs should keep their eyes on the computers. Amid its upcoming sophistications, AIs can intensify workers’ discrimination as they tend to become biased. Therefore, companies still need human HR experts to double-check the selection for the sake of fairness.
HR as a vanguard of data privacy
HR teams will play a huge role in ensuring security in the virtual world. Understanding how phishing and malware happen will help them formulate strategies to protect their employees from data breaches. Following strict cybersecurity protocols are essential for HRs to keep highly confidential information safe from hackers that target them.
Aside from keeping themselves secured, HRs are required to educate the workforce about the dangers of the web. Imposing the best security practices is a must nowadays in the advent of rampant illegal online activities. Businesses could also restrict the data employees can access depending on their duties by establishing a systematic role-based access control.
Contact Entrust Payroll by calling our customer care number, 239-208-8788, or through our website for more information and inquiries.