Every technology goes through a lifecycle and HR technology is no exception. In what seems to be a good move, HR or human resource departments are becoming independent entities in companies across the world. They are fast turning out to be the core people in an organization and are no longer restricted to paperclips and payroll. Yes, today’s human resources people with the help of HR management software are paving their way into the boardroom as well driving an organization’s decision-making processes.    
 
Yet for a business to get the most out of HR solution or technology, it is important to ensure that the system is up-to-date. The reason being an outdated HCM technology will shove your business into troubled waters.
 
Is your HR technology advanced and up-to-date to help your human resources department stay ahead in the race?  

     1. Intelligent reporting

Today’s volatile business landscape has made it mandatory for every business to make smart and quick decisions on the go. An organization’s sustainability and growth is highly dependent on its decision-making ability and the way it manages its workforce. This is why your HR department needs to receive real-time insights and analytics into key human resource functions in order to hire as well as retain top talents. Simply put, we are living in the era of powerful and real-time reporting for making healthy business decisions.

     2. Timesaving

If your HR solution fails to drive employee engagement, you need to rethink. HR plays a pivotal role when it comes to driving workforce engagement thus, ensure that your HR management software offers employee self service portal to empower and engage your employees. The portal empowers employees by allowing them to apply for leaves, download payslips, check salary details, attendance, etc. right from their smartphones so that your HR don’t have to thus, saving time and efforts.

     3. Prompt tech support

Most importantly, your payroll software vendor ought to offer top-notch customer handholding and tech support. In case of breakdowns or queries, you don’t have to go through extensive FAQ checklists or send out multiple emails to get the required support or resolution. Make sure that your HR tech vendor provides personalized and prompt customer support.

     4. Comprehensive

Right from hire to retire, your HR management software ought to address all the problems experienced by human resources professionals. It should offer a user-friendly interface with robust and intelligent functionalities. Be it on-boarding of a new employee to his full and final settlement, your payroll software should accompany the HR people across all these and various other critical HR and employee stages.

     5. Statutory compliance

For any company, failing to keep up with statutory compliances and regulations can be devastating and it is also the most common area where human resource departments lag. Thus, make sure that your HR solution addresses all your statutory compliance needs and reporting. Full compliance infers that a business does not miss any deadlines averting heavy penalties. In short, your HR management software should automate the entire process of statutory compliance management and workflows as well as should send out notifications and reminders for deadlines.
 
When looking for a payroll software vendor, keep away from the ones that rely on outmoded technologies, as it can be a mortal blow to your business.