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4 Reasons HR Technology Is Your Business' Smartest Investment

While it’s critical to remain on top of HR issues as they arise in the workplace, the complexity of HR processes often demand a significant amount of attention and resources.

As a result, small to midsize business (SMB) owners often get caught up in the minute details of HR when they should be focused on the bigger picture. HR technology can help alleviate this power struggle.

Modern HR technology systems integrate multiple different functions at once, such as payroll and learning. In doing so, they can improve your relationships with employees and your operational efficiency at the same time.

Here are 4 reasons why.

1. Enhanced Efficiency with Integrated Payroll and HR Technology

Repetitive tasks are often more difficult than varied ones. It takes more focus to ensure every line and item is entered correctly, which can turn seemingly minor jobs like payroll processing into serious administrative burdens.

Employees who are constantly completing monotonous tasks like this are prone to burnout and errors, and when it comes to time tracking and critical HR functions, mistakes like these can cost a fortune.

Integration = Simplification

Modern HR technology combines workforce management support with payroll systems, greatly reducing the administrative workload required for both.

For example, an integrated system can enable:

  • Automated Payroll Processing: Payroll tasks like tax calculations and salary disbursements are automated, reducing the need for manual intervention. This minimizes errors, saves time, and reduces stress for business owners.
  • Batch Payroll Features: Integrated payroll and HR technology allows the processing of payroll for multiple employees simultaneously. This is particularly beneficial during pay periods because it significantly cuts down the time spent on these tasks.
  • 24/7 Access to Financial Information: With the right HR technology solution, business owners and employees can access pay information at any time from any device, which is crucial for transparency.

A smart technology solution should make life easier through as much automation and integration as possible.

2. Empowering Employees through Self-Service HR Technology Platforms

As your business grows, your HR needs will become more complex.

Automation and integration can help with this rising complexity. However, even a well-automated system becomes a burden if it lacks the transparency employees need for their own financial planning, benefits questions, and HR-related issues.

Helping Employees Help Themselves

Your HR technology solution should do more than just make it easier to send paychecks. It should also have an easy-to-use platform that enables employees to self-service and avoid adding tasks to your already full plate.

A self-service platform allows:

  • Direct Access to HR Data: Employees can view and manage their personal HR data, such as pay stubs, PTO, and benefits. This naturally decreases the volume of HR inquiries owners and managers need to handle.
  • Enhanced Employee Autonomy: By allowing employees to handle routine administrative tasks like time-off requests, management becomes free for more strategic activities.
  • Increased Data Accuracy: With employees entering their own information directly, the likelihood of data entry errors is reduced, ensuring more accurate HR records.

When your employees don’t need to rely on you for every burning HR question, both of you have more time to focus on building a great company.

3. Keeping Employees Engaged with Integrated Learning and Development

One of the best ways to avoid HR-related issues or complaints is to keep your employees satisfied. Employees who feel like the company has their back and that it’s invested in their future are foundational to your success.

Modern HR technology solutions recognize this. In many cases, they’ll come integrated with learning management systems (LMS) that enable ongoing employee training and upskilling alongside your HR needs.

Why Investing in Employees is a Great HR Strategy

Helping your employees advance in their careers is the best way to signal to them that you’re invested in them as people, not just as workers.

An LMS that’s integrated with HR technology can help you achieve this with:

  • Customized Training Solutions: The right LMS allows SMB owners to choose from training programs tailored to the needs of their business and employees, which can directly enhance job performance and productivity.
  • Scalable Learning Opportunities: As businesses grow, the platform scales to provide ongoing learning opportunities, helping businesses adapt to changes and upskill their workforce efficiently.
  • Tracking and Reporting on Training Progress: Owners can monitor and assess the effectiveness of training programs, adjusting as necessary to maximize outcomes.

These training courses don’t just have to be about the employee’s future, either. An LMS is a great tool for required training, such as annual compliance refreshments.

4. Streamlining Workforce Management

HR and workforce management go hand in hand. Great HR departments work well because they find ways to streamline workforce management processes without ever getting in the way of business.

HR technology solutions can help SMB owners with…

  • Strategic Workforce Planning: Real-time insights via HR technology can help in the development of effective hiring strategies and performance management processes.
  • Efficient Resource Allocation: By automating and optimizing workforce management tasks, SMB owners can allocate resources more effectively, focusing on growth and operational improvements.

Pick an HR Technology Partner with HR Expertise

With the right HR technology platform, you can combine everything from payroll to learning and employee administration into a single, easy-to-use portal.

The myBBSI portal is exactly the kind of technology that can make your efforts as an SMB owner easier and more successful.

BBSI’s technology platform offers:

  • End-to-end payroll processing that simplifies your administrative experience
  • An intuitive interface for employers and employees
  • Employee self-service options that reduce workload and empower your staff
  • Optional integration with our Learning Management System, BBSI U

In addition to the platform, BBSI has experienced HR Consultants and Payroll Specialists on staff who can help you make the most of this technology. We developed our platform using our HR and payroll experts, so we’re certain it can help businesses in any industry reduce their HR workload and improve efficiency at the same time.

Looking for an HR technology solution that comes backed by real-world HR expertise? Find your local BBSI representative today and let us know what you need help with.

Disclaimer: The contents of this white-paper/blog have been prepared for educational and information purposes only. Reference to any specific product, service, or company does not constitute or imply its endorsement, recommendation, or favoring by BBSI. This white-paper/blog may include links to external websites which are owned and operated by third parties with no affiliation to BBSI. BBSI does not endorse the content or operators of any linked websites, and does not guarantee the accuracy of information on external websites, nor is it responsible for reliance on such information. The content of this white-paper/blog does not provide legal advice or legal opinions on any specific matters. Transmission of this information is not intended to create, and receipt does not constitute, a lawyer-client relationship between BBSI, the author(s), or the publishers and you. You should not act or refrain from acting on any legal matter based on the content without seeking professional counsel.

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