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Why Your ROI Depends on Employee HR Tech Usage

Payroll

We work to get paid, plain and simple. Unfortunately, many employees are still left in the dark when it comes to payroll. In fact, Ernst & Young found for the average company, 1 in 5 payrolls have errors.

Even small payroll mistakes carry big consequences. According to a Morning Consult survey commissioned by Paycom, 80% of employees who experienced an issue with their paycheck in the last year had to take corrective action. In fact, 20% of them were forced to:

CUT BACK ON NECESSITIES

OVERDRAW ACCOUNTS

MISS BILL PAYMENTS

Luckily, it’s possible to prevent these outcomes with employee-guided payroll. The tech automatically flags errors, then leads workers to fix those mistakes before payroll runs. While your people benefit from less stress and more accurate pay, employee-guided payroll also:

eliminates redundant, manual tasks

frees HR to focus on more important initiatives

elevates employees’ focus and engagement

reduces untimely and costly payroll corrections, such as:

reversals

rushed manual checks

wire transfers

voids

Time and Attendance

You’re well aware of how crucial timekeeping is to your business’s compliance. But when you rely on antiquated methods like bulletin boards, spreadsheets and sticky notes, this process is anything but accurate, especially for hourly employees.

When a workforce is supported by an efficient and intuitive self-service system for logging this crucial data, it empowers them to confidently:

ENTER THEIR TIME

VERIFY THEIR HOURS

PICK UP OR TRADE SHIFTS

REQUEST TIME OFF

After all, when you’re racing to lead your industry, the last thing you need is problematic data, inefficiency and potential compliance pitfalls. With a self-service tool for tracking time, employees enjoy invaluable flexibility while your organization gains needed agility.

Management

For your leaders to help drive engagement, performance and success, they need the right tools. Between addressing their team’s needs, ensuring excellent service, verifying inventory’s accuracy and any number of additional responsibilities, it can be hard for managers to stay focused, organized and 100% efficient.

But when the necessary, tedious tasks are automated and streamlined through a system accessible anytime, anywhere on their mobile devices, you give them the means to focus and complete more important aspects of their work, such as:

hiring top talent

coaching and upskilling employees

collaborating with other teams and departments

developing and implementing higher-reaching initiatives

As the champions of your employees’ engagement, equipping your managers with the right tools to help them lead helps ensure your continued success.

The Employee Experience

As today’s workers evolve, so do their needs and expectations. Uninterested in passively filling a role, employees want to assume an active part in their careers. And giving them the ability to do so through intuitive self-service software helps foster their engagement and, ultimately, leverage their growth.

Modern tech gives new hires the ability to complete many necessary HR tasks — like onboarding and benefits enrollment — in advance so they can start making an impact in your organization on Day 1.

Likewise, versatile learning management systems not only allow your workforce to get up to speed on necessary operational and compliance training, but also empower employees to embark on their own development journey at their own pace.

Plus, employees who enter their own HR information strengthen the integrity of your company’s data overall, because they know it best. This also helps eliminate the need for paper personnel files since all of your staff’s important documents are kept safe and secure in the cloud.

When your employees have an HR experience that enhances their work lives, it helps them envision a meaningful future within your organization.

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