What Is The Best HR Technology Solution For Your Organization?
According to Forbes, 57% of companies plan to make a major new HR software purchase in the next 18 months. The HR software industry has exploded in the last few years and HR administrators are faced with more choices than ever. The big question: What is the right solution for my organization?
Here are a few factors to consider when making your decision:
- Evaluate your organization. It’s important to take a step back and determine your main objective in implementing or improving your HR software. Does your organization have significant turnover and you need an HR software solution to onboard employees in an efficient way? Or, your workforce is stable, but you want to provide employees with the option of completing their benefit elections online and accessibility to an employee portal? This is a key differentiator because it will help you determine the tools and functionality the software should provide.
- Improve Efficiency. Is it essential for your HR software solution to communicate with your payroll provider and/or the insurance carriers? What cross technology will be available to help eliminate redundant work? How will the software help with any compliance requirements such as providing employees with required notices, Affordable Care Act tracking and reporting?
- User Experience. How customizable is your portal? Can it be branded to reflect the organization’s culture and needs? Will the software provide employees with a positive experience with the ease of use, accessibility and visual appeal?
- This is the component weighed most heavily; what is the return on my investment? As the portal includes more sophisticated features, such as connectivity to vendors, compliance reporting and tracking, the cost of services will be higher. However, implementing a sophisticated HR technology solution can alleviate the HR staff of routine data entry, allowing them to focus on tasks that provide greater value to the organization.
- Having the right support team is critical in developing a functional, accurate employee portal. Errors are inevitable, but having a support team of professionals will help obtain answers to your questions, ensure accuracy of the data being imported and provide responsiveness to your requests.
If your organization is ready to take the next step in implementing or enhancing your HR technology, it’s important to find a benefits advisor that can explore all areas of concern in an unbiased manner. Contact your benefits broker or a OneDigital representative today to begin working through these questions for your organization.
by Elvia Tito, OneDigital Advisor