As the business need for a more manpower-lean environment grows, more companies are turning to Technology for help. Besides improving efficiency and employees engagement, going digital also opens up new sources of data to help decision-making.
“SMEs should harness technology to manage their people processes and costs,” said Christophane Foo, Group Director for Human Capital and Capabilities, Spring Singapore.
Example of Technology for Efficiency
Most HR have started using technology to streamline administrative work such as payroll processing and sourcing of employees. A simple applicant tracking system would be able to build a database of resumes which the organisation could tap on when need arises. More HR are turning to Technology to learn about their employees for better retention. Technology is able provide real time analytics to help make decisions about managing your workforce. For example, wearable tech allow insights to the lifestyle and health challenges of the workforce. These data provide statistics for informed decisions on the policies to introduce to better the well being of your workforce.
Most importantly, a common reason of shift is that Technology helps save time. ShopBack cites an example of saving “about 25 per cent of time” when using technology to gather feedback. Time saved would be able to allow business to explore other areas of development. For instance, equipping staff for new skills if they understand that technology will impact the business and lead to retrenchment, says Singapore Human Resources Institute president Erman Tan.
“It saves money, it’s good for the company’s reputation, and it lets staff know the company cares for them and their career development,” he added.
Want to know more government funding you could tap on to go digital? Read about it in this article.