7 Trends in HR and Payroll Technology

HR is one of the vital wings of an organization. Monitoring and keeping a track of all employees, managing organizational resources and working in close collaboration with the administration makes HR a crucial department of any business. Companies just can’t do without their HR team. Of late, technological advancements and progresses in various business sectors have brought significant developments even in the HR department.

Here are 7 tech trends predictions which are more likely to continue in 2017.

  • Cloud Dominance – Working in Open Space

The emergence of cloud technology has influenced the ways of business execution. Today, most companies are moving towards cloud-based apps and are enjoying the cost-efficiency, convenience and flexibility of cloud solutions. The HR departments of medium and large-sized MNCs have lately embraced this HR software technology to simplify its day-to-day activities. From managing payrolls to tracking employee attendance and leaves, the entire HR sector is driven by cloud applications. Besides this, automatic software updates, real-time data entry and data backup and remote access to HR data even from the Smartphones are also some other reasons for using the cloud technology.

Incorporating cloud has also enabled an organization especially its HR to think differently about employee work hours. Nowadays, working professionals prefer flexibility, ease and convenience, when it comes to work. They love working outside their office, yet finish their work on time. Modern professionals are not comfortable being confined to the interiors of their company. Moreover, the “9 to 5” rule is simply not accepted by many. This concept of working in open space have forced HR to go beyond its traditional policies and T&Cs and make a win-win solution that will work both for the company and for the employees.

HR tech

  • Payroll Access from Smart Devices- Creating New Trends

HR is all set to create new trends and upgrade their regular course of work. Payroll software access from smart hand-held devices is one of such trends which help the HR team and each organizational employee to keep real-time track on payrolls. It’s a centralized system that binds every organization members in a common forum and enables the staff to gain remote payroll access through individual emails. Besides current employees having access to pay stubs; retired professionals can also set their retirement account and look into their earnings, using their Smartphones. Such applications ensure fair, transparent and equal payroll calculations for all employees across the company.

  • Employees Engagement & Performance Counselling- Optimizing Productivity

With the growing need for tracking employee performance and optimizing productivity, the HR team of every organization has started adopting ways for measuring employee progress, over a specific period of time. Project managers and business heads in large MNCs had reported various difficulties in measuring the performance and development of every member of their team. To address such concerns, the HR team, with the help of new-age software and applications, now tracks employee performance at real-time and helps the team leaders with useful insights about their team workers. HR professionals also counsel and train the employees, from time to time. They engage the organizational staff through varied ways and concepts. With this, they ensure maximum productivity and constant engagement among the organizational staff.

  • Data Ownership & Security- Embracing Data-driven Decisions

Data-driven solutions pave way for making strategic decisions of an organization. While automating the routine activities, HR also emphasizes on capturing relevant employee data to know their key areas of interests, specializations and expertise. Knowing such talents of employees help the management and the project managers to allocate the right job to the most deserving employee.

Also, with more online/cloud data, data security becomes another concern for the HR department. In various organizations, data security is still a barrier that prevents employees from accessing online data from remote devices. Nonetheless, the HR managers are on the look for ways to enhance their online security and make things clear and transparent for the organization.

  • Artificial Intelligence- Man-Machine Collaboration

With more app-based features and dynamic modules, the present day employees work more with their machines, than their team. Current work mechanisms have inspired the concept of artificial intelligence. Employees love automated systems, auto-generated data and take help of such technologies to execute their routine activities. From the ground-level to the top management, artificial intelligence is becoming more prevalent across organizations.

  • Integrated HR Operations- Focusing Team, Not Individuals

Regardless the size and nature of a business, the HR departments now believe in integration. From payroll access to employee engagement, they are gradually being more accustomed to using integrated solutions. With such integrations, HR has re-defined its roles and now directly helps the management team with its tech-based operations.

Using the integrated solutions, the HR department also focuses on team performance, more than individuals. Since the productivity of each organizational team counts into the overall growth and prospects of a company, HR has shifted its focus towards team management. Through its integrated operations, it maintains connectivity among the teams and highlights the progress of employees, more as teams than as an individual.

  • Customized Software Finding the Right Fit

HR functions and objectives are largely dependent and influenced by the strategic mission and objectives of a company. To make their needs in line with the overall organizational vision and work in close collaboration to meet the requirements; HR considers custom payroll software that will work best for fulfilling their responsibilities. Customized applications also allow HR to effortlessly manage payrolls of different kinds of employees: full-time, part-time and freelancers. Thus, they find the right fit to their professional requirements and use the custom applications with maximum efficiency.

Conclusion

In short, HR is continuously growing, evolving and innovative. By adopting the above trends, HR personnel are matching pace with similar progresses and improvements taking place in other departments of an organization. With such advancements, HR aims to efficiently manage its people, achieve the strategic goals of an organization, and take the company to its zenith.


Opinions expressed in this article are those of the author and not of The HR Gazette or its team members.

Author: bhavesh.k

Bhavesh Koladiya is currently a Digital Marketing Executive at SoftwareSuggest. In just 2 years, he has made his mark in the field of Digital Marketing. When not working, you can find him either listening to Music or reading Tech stuff.

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