The Silver-Lining is in the HCM Cloud
Large businesses will always be required to manage essential HR functions; and, the trend to consolidate aging, disparate systems into the cloud continues at lightning speed. There is no time to be wasted in this day and age as consumers of HR information require transactions to happen now, accurately, and on their mobile devices. The demand is clear: agile, user-friendly experiences that initiate transactions seamlessly and keep the overall HR operation in compliance.
Beyond core functions, large businesses must be strategic from talent acquisition and onboarding to succession planning. Making decisions strategically requires data analytics from reliable sources.
What are the large business human capital management “must haves” of today?
One Seamless, Unified Human Capital Management Solution
Resident HR systems trying to talk to one another is a thing of the past. Increasingly time and cost prohibitive as well as error prone, the awkward interfaces between incongruent systems produce user experiences that are confusing as well as unfitting in today’s technology-centric world. A huge challenge for HR today? Worrying their investment will not be utilized by their employees. They are demanding a consumer-like experience for their employees to keep them engaged. The ease of downloading an e-book to buying goods online is what people are accustomed to. They expect their experiences of uploading a timesheet or requesting time off to be equally intuitive.
Cloud-Based is the Only Way for Today
Managing employee assets on a large scale requires an economic solution that is both quick and easy to use. The HR consumer like anyone else is on the go and mobile. Providing an efficient experience for today’s employee will no longer work with yesterday’s aging HR software. With on-premise enterprise software becoming obsolete in just a matter of years, companies are moving to cloud-based technology to ease the burden of keeping up with updates, enhancements and technology changes that affect speed and overall efficiency.
Ease of Compliance
Labor compliance will always be a core strain on the large employer’s HR function. Changes like the ACA rules that require steadfast and granular data tracking only make this burden increasingly difficult. Working with a human capital management solution provider that eases exposure to liability by keeping track of compliance changes on a grand-scale is an insurance policy for large organizations. One penalty issuance alone can wreak havoc on a company’s financials.
All-inclusive is Not Just for Honeymooners
The large employer of today cannot accomplish the goals of a unified system by contracting with 15 vendors to make it happen. One stop shopping gives large employers the opportunity to take advantage of a human capital management vendor’s economies of scale. One payroll expert at your HCM vendor aids hundreds of clients, saving each one of them from having to hire experts in every discipline. From payroll taxation, benefits outsourcing and compliance management, large employers are opting for the “all inclusive” package.
EPAY provides large employers with a completely unified human capital management solution. Learn how our technology and administrative services can help ease your HR burden, reduce labor and administrative costs and improve your compliance with labor laws.