5 Ways to Capitalize on HR Technology Trends
5 Ways to Capitalize on HR Technology Trends

5 Ways to Capitalize on HR Technology Trends

Today’s business environment is increasingly mobile and wireless, yet when managing HR and people matters, a surprising number of organizations are still bogged down in spreadsheets, paperwork and manual data entry.

A recent Paycor survey of more than 1,400 small to mid-sized businesses revealed:

* 51 percent of businesses still store employee data in multiple spreadsheets
* 69 percent manage job descriptions and applications manually
* 54 percent are manually tracking hours—if they’re tracking hours at all!—to stay compliant with the Affordable Care Act.

Companies that invest in technology for tasks such as payroll, time and attendance and benefits administration spend 18 percent less than organizations that rely on paper, according to PricewaterhouseCoopers.

Paycor Executive Vice President Stacey M. Browning offers five ways to take advantage of tech trends that make your organization more efficient, ensure tax and legislative compliance, improve employee engagement and promote big-picture thinking.

1. Timekeeping systems

Businesses nationwide are scrambling to track employee hours to determine health-benefit eligibility as required under the ACA. A Paycor survey found that 28 percent of organizations still aren’t sure how they’re going to report hours. That uncertainty opens the door to thousands of dollars in fines per employee per year. One solution is to *adopt a cloud-based time and attendance application that offers more control over labor expenses and powers decision-making with better insights into costs and schedules.

2. Employee self-service

HR professionals can create time to address talent challenges such as engagement and retention by letting employees initiate routine tasks. For example, self-service tools allow employees to update personal information, access their timecards, request leave and view schedules anywhere they have online access. This streamlines basic processes so HR associates can focus on organizational and operational contributions.

3. Automated open enrollment

A web-based HR information system, or HRIS, simplifies one of the most labor-intensive HR tasks: benefit enrollment and administration. No longer does an HR associate need to spend hours on data entry, inputting benefit selections—employees can do it directly. An HRIS also can connect to an organization’s payroll system to collect premiums.

4. Data and analytics

“Big data” is the business buzzphrase of the moment, but what truly matters is “good data.” Good data starts with good systems and custom reporting tools that enable you to make information truly actionable, such as identifying overtime or retention hot spots. The best tools allow you to view trends in historical data, create your own formulas for analysis and summarize information quickly without help from IT.

5. Mobile technology

By 2015, Generation Y will outnumber Baby Boomers in the workforce. That means mobile technology will be a basic expectation of employers. Top-level SaaS providers already offer mobile applications that let employees view pay details, make time-off requests and connect with colleagues via their smartphones, whenever and wherever they choose.

How many of your people processes are sapping resources from bigger opportunities? Is your organization still dependent upon paper? Consider these five HR technology trends as your starting point to fast-forwarding your business’ efficiency, security and strategy. Get in touch with Paycor to learn more about how our HR and payroll solutions can empower your organization to keep up with these trends.


**Stacey M. Browning* is Executive Vice President with Paycor, where she is Paycor’s voice on the importance of design and usability, overall product visionary and culture keeper. She is also a frequent speaker on the power of personal branding and on HR technology topics.*

More to Discover

HR COE Benefits Benchmark Quiz

HR COE Benefits Benchmark Quiz

Is your benefits program all it could be? The path to achieving excellence in benefits administration is a continual journey that evolves over three phases. Find out what phase you’re in and get a customized action plan. TAKE OUR QUIZ TO FIND OUT: Quiz will load down below shortly Content loading... Please enable javascript! Recruiting Benchmarking Quiz What’s preventing you from attracting and hiring top talent? To get to the next level, evaluate your team’s approach to benefits and open enrollment. Where are you losing time? What routine tasks are holding you back? Once you answer these core questions, you can devise a plan to leverage technology to drive efficiencies. Based on your responses, you’re in Phase 1: To get to the next...

Paycor Wraps Up 4th Annual Holiday Market

Paycor Wraps Up 4th Annual Holiday Market

This month, Paycor hosted its 4th annual Holiday Market. Employees, from around Cincinnati, were invited to HQ for an afternoon of shopping, raffle prizes and tasty treats. The initiative for hosting the Holiday Market is simple. Our employees work hard year-round, and during the holiday season we feel as if we should reward their efforts. Not only is the event supposed to give associates a break during their busy day but it encourages departments to spend time with one another. In addition, we live to support our clients and love that we get a chance to showcase a handful of amazing people and local businesses. Some of the clients and local vendors included: City Scape Tiles The Candle Lad Bling Favorites Cincy Shirts Bengals Brewhaus...

HR Software for Small Business: 3 Things to Look For

HR Software for Small Business: 3 Things to Look For

Your Time is Valuable When you own your business, there are a lot of “you should’s.” You should network. You should follow up with prospects. You should build a brand. You should prioritize customer service. But no small business guru ever said you should do more paperwork. Or you should project manage every step of recruiting and onboarding new employees. Or that you should worry more about compliance. If you own a business, or if you think like an owner, repetitive administrative tasks can be time consuming. Any organization with one or more employees can benefit from payroll and HR technology. For example, take hiring a new employee. How much time does it take you or your team to: Write an offer letter Issue an I-9 and W-4 Write a...

We’re Thankful for Our Employees

We’re Thankful for Our Employees

During the holidays, families are overwhelmed with parties, travel plans and activities. And our Paycor associates are no exception. With all the craziness that goes on during Thanksgiving, people should be focused on spending time with family and friends, not worrying about expenses. Well, that’s what Paycor’s founder and CEO, Bob Coughlin, believes. This initiative is close to Bob’s heart and for more than 25 years he’s been handing out turkeys for employees to enjoy with their families. This year, through Bob’s support, nearly 900 turkeys were given to associates. From the top down our organization truly is inspired to do the right thing and support one another. He didn’t forget about our remote employees, our temps and contractors or...