The term integration is used so many times in so many ways that sometimes it loses its original essence.
What is integration after all? It’s nothing but a solution for effective data syncing. It’s making sure that information is available wherever and whenever it’s required. HRIS integration means connecting and sharing data among different HR functions such as recruitment, payroll, and performance.
When you encounter the term Human Capital Management (HCM) you probably think it is just another offshoot of HR software but HCM has a gamut of advantages that makes it a must for your organization.
Your organization probably keeps paper files, uses multiple Excel sheets or a combination of both to manage various HR-related information. It can be time-consuming and difficult even for a small organization. As time progresses and your organization scales up, such a system would almost be unmanageable.
The most effective HR practices are the ones where the focus is on company-employee engagement and building a symbiotic relationship that is conducive to both.
“The predictions that we’d have paperless offices were right, just premature by several decades,” ascertained Bill Gates long back which runs true across organizations today. Businesses have realized that paper is a cost-intensive and inefficient way to manage data.
In a ceaseless effort to drive efficiency and better employee management, organizations often pursue tasks that might just be spreading themselves too thin. This may impact the overall output quality and result in possible high costs.
Companies bear huge costs on buying or paying a subscription fee for Human Resource Management software. And it’s no surprise that most of these tools don’t live up to the expectations.
The current trend of the IT industry is based on the principle of automation. This isn’t just hype because the marvelous effects of automating various tasks are widely known by now. Planning out the budget effectively and reducing maintenance costs are some of the deemed automation outcomes.
Machine Learning is one of the proficient technologies that we have for pattern recognition, data mining, statistical analysis on large volumes of data. It’s enabling machines to recognize intricate patterns and make intelligent decisions, without human intervention. In order to achieve this, the ML technology is accompanied by neural networks.
Bill Gates was quoted as saying- “How you gather, manage, and use information will determine whether you win or lose.”
If we relate to his words with regards to customer information, then it can be rightly said that a Customer Relationship Management (CRM) solution is the key to win or lose a customer.