Startup Insights 2023: How to Streamline Business Processes
Recent political, social, technical, and not least pandemic-induced shifts have disrupted the way HR departments have traditionally done business, but the avalanche of HR software trends and industry-wide advances in the past year has kept HR practitioners on their toes.
First and foremost, remote work has become part of normal life, therefore it’s time to rethink how things like training, employee engagement, workflows, and so on are done in the workplace. Workers’ demands for attention to their mental health are on the rise, and automation in the workplace can be both a threat and an opportunity, depending on the industry.
PayDay Software Systems is a market leader in the professional payroll and human resources software space, serving clients ranging from sole proprietors to multinational corporations, accounting firms, and local governments. This leading HR Software Company provides customised consulting to a wide range of clients because of their PayDay software that has a variety of modules that meet client specific requirements.
In 2023, improvement and efficiency will be the watchwords. What does it entail, and what steps must a business take to realise it?
The term “optimisation” is commonly used in business to describe the process of improving operational efficiency. There are several approaches to this, but one common method is to automate routine processes and cut out unnecessary steps. For instance, if management notices that certain organisational tasks are taking too long to finish because of extraneous procedures, they may endeavour to streamline those procedures.
Employing state-of-the-art software solutions is another method for improving internal operations. In order to run their businesses, many organisations today rely on cloud-based software. For organisations of all sizes, this software is a terrific option because it is typically more easily accessible and has no onsite hardware dependency compared to conventional software.
This article focuses on the most significant HR software trends for 2023 to help organisations streamline their operations in the coming year.
Remote work is here to stay
In light of the pandemic, several businesses began allowing staff to work from home in 2020; by 2021, however, they faced a critical choice: bring staff back to the office or retain the remote work system in place. If the previous year is any indicator, a hybrid workforce will become the norm in the coming years.
This means that HR specialists may be interacting with staff members from all across the county or possibly the world, as well as in the office. As the 9-to-5 model evolves, so will the channels of communication between workers and human resources departments. Constant communication between HR and the rest of the company is essential for the successful implementation of any HR strategy. A company’s productivity may either rise or fall as a result of this. Having a system in place is essential.
Human resources professionals should get ready for a more streamlined virtual office process. Virtual training and team-building exercises should be considered and added to existing programmes if they haven’t already.
Analysing the company HR
Human resource analytics, sometimes known as “people data,” will become increasingly important in the field of human resources as technology and automation become more pervasive in the workplace in the years to come. There is already widespread use of HR analytics, and that usage is only expected to rise over the coming decade.
Using HR analytics, it is now standard practise to monitor such indicators as absenteeism, cost per hire, retention rate, turnover rate, and time per hiring. A company will be better equipped to foresee challenges, make sounder business decisions, and enhance the working conditions of its employees if it keeps HR analytics data on hand.
PayDay Visual is an intuitive employee self-service with many useful functions, such as real-time leave balances, an online leave application portal, PDF pay slip generation, and access to 12 months’ worth of pay slips.
With PayDay Visible’s time and attendance solution, the use of a biometric clock-in system yields excellent results especially when used in conjunction with PayDay’s other existing suite of modules such as Payroll systems and HR. With this system in place, calculating payroll each month is a breeze, and employees no longer need to keep track of their hours manually.
Innovative technology and automation
Human resources is only one of many sectors that stands to be revolutionised by technological advancements. The HR department’s workload is growing, and managers need to discover ways to simplify administrative processes for their staff in order to boost productivity.
McKinsey Global Institute concludes that current technologies can automate 56% of HR workers’ routine responsibilities. The use of technology is becoming more widespread as businesses see the benefits it provides in terms of reducing waste, improving decision making, and ensuring the safety of confidential data.
Using PayDay Software Systems, HR staff may automate a wide variety of administrative tasks, including onboarding and off-boarding, employee feedback, workflow and ESS management.
To a greater or lesser extent, automation will affect many business activities, including recruitment. Studies have shown that scheduling interviews is the single largest time sink for HR departments and software solutions that facilitate this function will go a long way to save time, energy and money.
More emphasis will be placed on the role of human resources departments in plans to protect businesses from cyberattacks. Inconvenient as it may be, businesses must accept that every employee on staff is a potential entry point for cyberattacks. Since more and more people are now telecommuting, there are more potential points of entry for hackers to exploit, which in turn increases the difficulty of security measures.
Human Resources handles things like remote access to computers, company intranets, employee self-service portals, lines of communication, mobile apps for working remotely, and individual employee databases. The data stored and made accessible by these systems is extremely valuable, and so is the access they provide to essential business infrastructure. Human resources will need to collaborate closely with security and IT personnel, becoming an integral part of the front lines of cybersecurity efforts.
In order to improve data security without impeding efficiency, human resources departments could assign users specific roles within the system. Human resources will also be in charge of training employees on how to spot and avoid phishing emails, social engineering, and other forms of cybercrime, as well as enforcing other precautionary policies for the digital workplace.