HCM Benefits Diversity and Inclusion
With public discussion of racial inequality
gaining traction in 2020, many businesses have
renewed their efforts to address diversity and
inclusion in the workplace. HCM software with
advanced reporting capabilities can provide
easy-to-access data on employee demographics
across departments, teams, candidate pools, and
management levels. This information can help a
business identify gaps in diversity so they can be
resolved.
Adapting to a Pandemic Work
Environment and Beyond
The pandemic has forced businesses to meet
health and social distancing mandates or shut
their doors. In response, remote workforces
proliferated quickly. Businesses are finding that
incorporating an increased remote workforce
is benefiting both employers and employees.
Many employees value the flexibility of working
from home and their satisfaction is translating
into increased levels of productivity. Cloudbased
HCM software is essential for HR to
successfully manage a remote workforce. A
powerful HCM solution can give HR managers
the ability to track payroll, benefits, time
and attendance, recruiting and hiring, and
other essential HR functions. Businesses
should consider solutions that give them
uninterrupted access to this type of information,
even during a major disruption such as a public
health emergency.
How Can an HCM System Help Manage
My Data?
The best business decisions are backed up
by accurate data. In today’s data-driven world,
analytics and big data are normal parts of
corporate conversations. The reality for many
companies, however, is that managers still struggle
to access real-time, accurate data when they need
it. Managers may have to spend hours finding,
organizing, and analyzing information that lives
in outdated and fragmented HR systems, which
increases the likelihood of data errors. Different
systems may not communicate across programs,
requiring duplicate data entry between platforms.
Investing in the right system can ensure that
managers and staff have access to streamlined
and accurate data at their convenience from any
location that can connect to the internet. This can
enable employees and managers to eliminate timeconsuming
and unnecessary tasks while being
empowered to better support smart business
decisions.
45 Article STATE OF THE INDUSTRY RESEARCH
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