Five reasons why HR can’t afford to take five

Don’t let your business fall behind the times

The world of work has changed dramatically. It sounds like a cliché at first, but in this period, following the global upheaval that emerged in 2020, it’s an incontestable truth. Old ways of working have been eroded, traditional places of work have undergone everything from tweaks to transformations, or fallen silent altogether, and countless work processes have been altered. At the heart of it all, as ever, are people, and the onus is therefore on HR functions nationwide to make systems and experiences simpler, safer and quicker. 

A crucial question that arises as a result is whether the needs of the ‘new normal’ can be met through existing practices and technology? If the characteristics of work have changed so fundamentally, can current HR means and methods make the grade? The Fosway Group produced a Viewpoint paper recently that provided some pretty clear answers. In short, now is not the time for standing still in HR, because doing nothing is not a good option. Let’s look at five key factors that support the case for an HR system upgrade.

  1. Targeting less cost and more agility

Fosway’s research has highlighted that at the start of 2021, organisations considered their top four challenges to be: improving business performance and profitability, coping with the effects of the pandemic, reducing operational costs, and enhancing business agility. The lack of agility within companies (70% of which have been negatively impacted by the pandemic) is a big concern and it’s going to be vital for businesses to become more flexible and able to react in a timely fashion, as they move forward in the months ahead.

  1. Preventing the competition from pulling ahead

HR teams that had the support of a modern cloud-based HR system, such as PeopleXD, have typically handled the effects of the pandemic well. Much of that comes down to having digital-first processes that mean business-critical functions, such as salaries being paid as normal, can be carried out remotely. It extends further though, because whether it’s answering staff questions or managing furlough schemes, up-to-date digital systems make it easier every time. The thing is, your competition are likely to know this too and will likely be outsmarting you if they’re twisting with new technology, while you stick with yours.

  1. Sparing businesses spreadsheet-based pain

Organisations that are still utilising emails and spreadsheets to run their HR systems are taking a gamble. It’s a given that the risk of violating Europe’s General Data Protection Regulation (GDPR) is considerably higher in these circumstances, with non-compliance entailing significant fines. What’s more, digitising HR workflows introduces a good degree of future-proofing, by facilitating a functional work-from-home model that is more flexible, agile and will allow you to cope better with any further disruption down the line.

  1. Fast-tracking improvements by shunning slow systems

If you were reliant upon on-premise systems in the early stages of the pandemic, you might have found that it took a disconcertingly long time to get relevant updates to your software at a critical time. Even when they were actioned, did they address all the issues you faced? Also, with a contemporary, change-ready HR solution that’s geared towards an evolving workforce, you gain a greater understanding of what employees are actually feeling, plus new options to cater for their wellbeing. Simply put, the right cloud-based HR product can provide near-instant support and adaptability when you and your team need it most.

  1. Looking at people’s capabilities afresh

HR functions up and down the country can be proud: they’ve played a crucial role in enabling people to do their jobs effectively at home, with remote working being one ongoing impact of the arrival of Covid-19. But the virus has also shaken up to how HR teams and leaders regard talent management, with disruptive solutions arising that have allowed savvy businesses to shift staff and their skills around fast, and blur the boundaries of traditional roles and responsibilities. But both of these trends benefitted from digital, progressive HR systems that provided the right data and processes and did so quickly and easily.

There’s never been a better time to empower HR

In changing times, the time is right to change up your HR system. Find out why PeopleXD is the perfect solution please. Or get in touch with one of friendly team members for a no-strings chat about your needs and our offering.

Building your business case for a new HR system

Our latest guide will help you create the watertight business case you need to invest in a market-leading HR software, whilst also securing buy-in from key stakeholders within your organisation.
Find out more

Explore further