What is Modern HR?

HR is evolving quickly. The human resource departments are no longer just the beneficiary of complaints and employment paperwork.  Today, HR is about creating the best employee experience possible by driving culture and engagement throughout the workplace.

 

Technology
Many companies are adopting software platforms that provide online information through a single sign-on (SSO) solution.  These platforms are giving employees access to their benefits, company policies, workplace safety, and compensation.  Additionally, employees can use these systems to request time off and interact with other members of the organization.  These platforms are referred to as Human Resource Information Systems (HRIS) or Human Capital Management (HCM).

 

HR platforms not only provide flexibility, but they also allow satellite and short-term employees to integrate more easily into your company through paperless onboarding and electronic benefits enrollment.  Customized information is sent to individual employees based on their location and role in the organization.

 

Data
In addition to technology, data is also driving the “new age” of human resources.  The use of workforce data analytics to improve a company’s performance has increased drastically over the last several years.  HR experts are able to use data to determine the causes behind trends in the workplace.  Such trends include:

  • Employee turnover
  • Compensation
  • Benefit packages
  • Culture

 

Employers are now able to use the data collected from these sources to determine best how to meet and exceed the expectations of their staff; driving the value of the organization.  This experience is no longer a luxury, though. In a report published by Deloitte in 2017, 71 percent of organizations now see people analytics as a priority for their company.

 

Human Capital offers its clients all of the “Modern HR” tools necessary to stay competitive in the marketplace.  Our Vfficient technology is a single sign-on HRIS platform providing employers the necessary technology and data to improve the employee experience. Contact us today to learn more.