HCM software has the potential to dramatically improve an organization’s use of resources and human capital – and they also streamline workflows for HR, managers, and other professionals.
However, like most other enterprise-grade SaaS platforms, HCM software carries a learning curve.
The Potential Benefits of HCM Platforms
HCM platforms are enterprise-grade HR tools that can deliver major productivity gains to an organization – if these tools are used to their fullest extent.
Here are a few of the potential benefits to using these platforms:
- Streamlined HR workflows. HCM platforms integrate a number of HR functions under a single hood, from payroll and attendance to hiring and talent management. This significantly improves HR workflows, which saves time, increases efficiency, and more.
- Improved organizational communication. An effective communication system, which is a main feature of HCM platforms, helps superiors connect more easily with their subordinates. This improved communication helps to reduce misunderstandings, miscommunications, and conflict.
- Greater insight into organizational performance. HCM platforms provide access to data and analytics that, when used properly, can ultimately improve the organization’s performance. Data on employee performance and productivity, for instance, can be used to identify and fix a wide range of workplace issues.
- Cloud-based HR management. Cloud-based SaaS platforms enable HR staff to work remotely. Before 2020, this was advantageous, since it allowed employees to stay productive no matter where they were located. However, as COVID-19 demonstrated, remote work helps organizations maintain business continuity even during disruptive crises.
These are just a few of the many reasons that have compelled today’s leading organizations to adopt HCM platforms.
However, as with any other enterprise-grade software, the actual value of HCM platforms depends directly on employees’ ability to use those tools.
To improve employees’ skills – and, as a consequence, the ROI of HCM software – employee training is often a must.
How Employee Training Can Boost the Value of HCM Software
Modern work environments are built upon digital tools and technology, and those tools are continually evolving. As a result, employees must continue to adapt and learn new skills.
There are several reasons why employers should invest in workplace training:
- Employees prefer working for employers who provide training. To keep up in the modern work world, employees need modern skill sets. This need will drive employees to work for organizations that provide training and skills development.
- Educational organizations, such as academic institutions, usually lag behind the private sector. The private sector adopts technology rapidly, and in most cases, those adoption rates far exceed educational institutions’ ability to keep up.
- Each organization has its own unique ecosystem of digital tools. Every company implements its own technology stacks and toolboxes, so it is rare to find employees with all the skills needed to perform a job. Customized training, therefore, is usually necessary.
- Training boosts productivity and proficiency. Even if an organization can find skilled employees, workplace training almost always helps improve worker productivity and, as a result, organizational performance.
Next, let’s look at a few ways to improve HCM training efforts.
