Moving to digital HR is imperative for companies today. The most recent Global Human Capital Trends report from Deloitte confirms that it’s a top priority for 74% of executives surveyed worldwide. “It has become mission-critical for organizations to embrace the ERP system in a cloud environment, because we know how much HR is changing every day. This is a must-have for organizations today,” said Melissa Swisher, Global VP of Sales and Marketing at Aasonn, a cloud based human capital management and benefits services company.
HR as the connective tissue
In order to remain relevant, traditionally administrative HR departments must become a digital hub connecting payroll, talent management, and other sources of employee data to a company’s business strategy.
As the workforce continues to shift from the traditional, full-time in-house employee to a network of full-time, part-time, remote, and contingent employees, HR management tools must adapt quickly to meet the changing needs this workforce requires. Cloud solutions deliver innovation faster than on-premise tools and can offer HR services tailored specifically to individual company needs.
Enhancing two-way communication
HR in the cloud also allows HR specialists to communicate more effectively with the partners that are developing, maintaining, and supporting corresponding software. They can offer feedback quickly and drive related innovations more efficiently.
Workforce demands are changing as well. Employees expect easier secure access to their data, a shared voice in the company’s culture, and greater transparency in the overall business strategy. Cloud solutions offer employee dashboards that connect them to the organization as a whole while allowing them to manage their own personal information in a simple and efficient user experience.
Cloud-based human resource management solutions must support the needs of a changing workforce and HR managers, while fostering better communication and collaboration through a simplified, digital hub of operations.
Growing beyond the data
Traditional HR entails storing a tremendous amount of employee productivity, health, morale, and financial data. Historically, this data has always been disconnected, making meaningful insights difficult to decipher. In Deloitte’s Human Capital Trends report, 77% of organizations surveyed cite people analytics as important, yet few have the resources to turn these analytics into compelling insights. With the rise of digital HR, these disparate data sources have been funneled into a comprehensive, cloud-based solution, turning data from across the company into actionable analytics that offer insights and influence strategy.
Cloud-based human resources management solutions position HR as a service department affecting the entire business. Operations such as talent management and benefits deliver actionable analytics that can lead to insights and changes in health and welfare, talent development, and payroll functions. Related innovations truly give HR a stake in the company’s financial strategy.
The imperative is clear: HR must not only respond to the changing corporate landscape, it must help define it. Cloud-based insights put HR squarely in the center of a company’s strategy for continued growth and success. “I think HR needs more innovation, a little bit faster, to have a seat at the table,” said Amy Grubb, CEO of Cloud Consulting Partners, a top SAP SuccessFactors HCM specialist based in Rancho Mirage, Calif, that serves customers throughout the U.S. and Europe. “It allows HR to contribute to the overall financial results of the company.”
HR departments, are you listening? Now is your time to take center stage. Don’t miss this opportunity to drive your company strategy, with people as your most valued asset.
To see the full #PartnersLive interviews with Jessica Swisher and Amy Grubb, view the video below. You can also check out this infographic for more details and statistics from the Deloitte Human Capital Trends report.