SWK’s HCM (human capital management) technology consulting team can help you determine when and how to upgrade your HR and payroll software with just a few questions. The SWK team has assisted thousands of businesses find the right solution for their operational demands, including integrating human resource management with their existing technology stacks. Engaging SWK’s HCM team will enable you to better understand the extent of your HR technology needs and how to best migrate to a system that fits (and enhances) your processes.
HCM and payroll software can fulfill a multitude of individual and organizational functions that span the lifecycle of your employees. SWK will empower you to make a decision based on your requirements and leverage our deep product and industry experience to ensure a seamless migration.
Here are four questions to help you determine your HR software needs and how SWK Technologies can help you find the right solution:
1. How Many Employees Do You Manage?
In HR and payroll, more employees = more compliance = more data = more difficult to manage without the aid of technology. While there are key compliance requirements at all employee levels, employers approaching the 50 FTE (full-time equivalent) threshold should evaluate the benefits of HCM technology to support their human resource process and compliance. Once the 50 FTE threshold is exceeded, the level of data management and compliance inherent to this workforce size is significant and a major indicator of the need for technology.
2. How Many HCM & Payroll Applications Are You Using?
Technology generates value when it makes our lives easier, and your HR software should be no different. If you are using multiple applications for each HCM function, then you are likely experiencing severe inefficiencies across your processes. Just think of all of the separate functions your human resource team has to manage:
- Benefit Management
- Time Management
- Performance Management
- Employee Engagement
Disconnected solutions result in redundant data entry, inconsistent or inaccurate data, and force your HR team to spend a significant amount of their time on non-strategic tasks. Your HR software should unify your databases as well as automate these tedious tasks to ensure accuracy and save valuable time.
3. How is Your HCM Technology Helping Your Meet Your Strategic Goals?
Coming back to the topic of growth, are you confident that your current HCM and payroll solution can handle a change in employee headcount? Will it help you retain your top talent, or identify disengaged employees? How about a big migration of remote workers back to the office after COVID-19? These are only a couple of examples that illustrate how and why your human resource management system needs to be able to empower you to meet your strategic goals.
The pandemic and the “new normal” it brought to the workforce are also good catalysts for reviewing the impact of your current HR software, including its ability to keep employees working from home. If personnel – including team leaders and executives – are losing time to legacy system processes that are hard to adapt to remote work, then they are not helping your business generate value. Your people cannot execute on tactical opportunities and contribute to your long-term business strategy if your HCM solution is holding them back.
4. When Was the Last Time You Evaluated Your HR Software?
Technology has grown by leaps and bounds in recent years, and that includes many of the applications available in the HR and payroll software market. Solutions have evolved considerably even over the past three to five years, and it is a common occurrence for SWK’s HCM team to hear surprise over new and enhanced features during discovery. The marketplace looks much different than it did a decade ago, with digital transform, the cloud and bringing your human resource processes into the modern age.
These advancements translate to a plethora of new benefits for your HR team and your company as a whole, with real-time reporting, automation and remote functionality delivered through web-based UI. More importantly, the strides made in HCM software have helped to remove many of the historical disadvantages of legacy systems, including the data silos and lack of accessibility. They also help ease a lot of the heavy lifting that plagued past implementations, making it much easier to deploy your HR solution.
Let SWK’s HCM Technology Consulting Team Take a Look at Your System
Your human resources management represents a big part of your business, and having the right system in place will enable your HR team to keep returning value on your human capital investments. Reach out to SWK today and allow us to help you do a full evaluation of your current software and determine if it helping you get the most out of your processes.
Sign up for a FREE HR and payroll technology assessment by SWK Technologies and let us help you find the right solution for your needs.