3 Reasons You Need a Unified HR and Payroll System
Unified HR and Payroll systems are changing the way organizations operate. Processes that would take countless hours of manual data entry are now completely automated, and can be accomplished just a few simple clicks of a button thanks to a single platform that handles an organization’s HR and Payroll needs. Trouble is, not too many organizations that currently use separate systems spread out among different departments realize the amount of time, money, and resources they could be saving by switching over to a more unified, holistic approach.
Unified HR and Payroll solutions allow executives to have more informative and insightful data, allowing them to make informed, intelligent business decisions. Such solutions also empower leaders to set their organization’s goals and productivity standards higher, achieving better workforce visibility. A unified HR and Payroll system is designed to help executives organize, manage, staff, report, and pay their workforce, all while streamlining communication throughout their organization.
Read below to discover the three reasons why executives need a unified HR and Payroll system.
Moving away from multiple internal systems to a single, unified system that can be used across all departments within an organization will develop and improve interdepartmental communication. When employees can communicate internally, they are more likely to form cross-functional teams, and collaborate to tackle common goals and objectives.
A unified system acts as a single system of truth, allowing for information and analytics to be shared between departments without any integration issues or interruption. This will help keep important information stored in a central database that can be easily viewed by those with a certain security access.
An article by the Huffington Post outlines that 38% of workers feel there is not enough collaboration in the office. This is likely due to insufficient tools in place to aid internal discussions and relations between employees. Using a unified system can streamline communication for departments and employees, making it effortless to share important information across the organization.
With better communication, employees are empowered to share documents, data points, and other important information electronically without a fear of it being lost in translation or slipping between the tracks. Employees are able to read and acknowledge these documents such as employee handbooks, company policies, job descriptions, and more. Organizations can also require certain documents to be downloaded and saved. HR and Payroll systems that improve the way employees communicate with one another make organizations more efficient, productive, and impactful.
With a unified HR and Payroll system, executives can access concise and relevant reporting of HR Analytics to view workforce trends and identify key issues within each department. Executives also have access to crucial financial information pertaining to their organization, down to daily-lost-revenue of vacant revenue generating positions. Being able to use robust real-time reports provide innovative and actionable insights that can save executives valuable time.
According to the DATIS 2018 State of Workforce Management survey report, 44% of organizations have three or more systems used to handle their workforce management processes. When modules within an organization are separate, and when organizations have multiple systems implemented internally, it becomes extremely difficult for one department to pull data or reports from another. Having the ability to see these key workforce issues makes it so executives can pull the data they need when they need it without having to hassle department heads or login to a system each time they require a report.
Now is the time to make the switch to a unified HR and Payroll system and get better insight into your workforce. Being able to increase inter-departmental communication, store all employee information, and execute real-time robust reports can make your organization operate as efficiently as possible.