In today’s world in order to attract the right talent, HR department has to be data driven, skilled and agile. HR department in your company may or may not be ready yet to face this challenge. How would you face this challenge? Is reinventing HR the ultimate solution?
Eventhough statistics indicate that most of the enterprises are moving to cloud, some organisational and HR leaders remain uncertain of the benefits and payoffs of making such a decision. However, cloud computing has enabled HR professionals to relook at managment. Here are some advantages of cloud based HR for your organisation which may help you decide whether you should migrate to cloud or not.
1. Helps simplify day to day HR processes
With constant change expectations of HR is expanding and technological innovations are opening new paths in human capital management. Having a cloud supported HR management system will help organisational transformation as it helps simplify day to day HR functions. Strategic objectives of a business with increased productivity and efficiency can be met with an enabled and informed workforce that work towards a common organizational goal.
2. Cost-effective
With an affordable subscription model, the cloud based HR system works as a pay per employee/ pay as you go service. This means that initial installment investors and dedicated IT teams to manage and monitor functionalities are eliminated. Furthermore, transition to cloud will reduce the cost of system upgrades as the service provider will manage the bulk upgrades. Companies therefore will benefit and save by removing sensitive hardware, on-spot software maintenance, and difficult upgrades.
3. Improved agility
With a mobile and dispersed workforce who wants instant access to information, and tools to be more productive, cloud based HR solution comes handy with its flexibility and agility. Therefore, initiating cloud HR solutions will empower employees. On the other hand, HR will also come across instances where it will be working from a different location and would need access to information, this is where cloud will be extremely helpful and less stressful. The biggest advantage here becomes the ability to access work-related software or information from any device, anywhere, any time.
4. Improved security measures
Data breach is becoming a common problem to most of the firms by losing confidential files of employees.
Cloud helps you address the biggest challenges HR faces, the data security. Eventhough most companies are compliant with modern standards, cloud based software will allow documents to be kept safe from any data breaches and will also reduce the paperwork.
As the cloud providers usually offer a improved level of data center and virtual security than most of the organisations can themselves build its always better to opt in for cloud based HR system.
5. Global engagement
Outsourcing functions of HR has become a norm to most companies. For global entities based in different geographical locations connecting with employees has become way easier now. Employees can access their performance records, personal benefits, leave allocation etc any time from any device. It’s a common known fact that disengaged employees are a burden on productivity and morale. Specially in an era where millennials will take over 75% of the global workforce during the next decade, getting engagement from them definitely needs the consideration of having tech savvy systems. Millennials will definitely look for greater flexibility and mobile friendly environment. Therefore having a cloud based system will let them share files, access information and applications from anywhere.
HR in the cloud always makes sense as it’s a business reality that HR must accept to drive its workforce to reach the strategic objectives.
Companies looking for cloud based HR Software, should look beyond the cost saving. Look at the day to day benefits it could offer your company. CEMEX HRM specialises in offering cloud based HR applications endorsed by many Sri Lankan entities. Talk to the experts and find out the best solution for your growing business.