Paperwork is something that almost all business owners seem to despise. So, why are so many people still doing it?
The fact is that as your company expands and you hire more personnel, you’ll have to deal with more and more time-consuming administrative responsibilities.
While some business owners believe that switching their HR to a technology platform will take too much time, effort, or money, the truth is that with the appropriate technology, you may save time and money while simplifying your administrative burden and preventing costly mistakes.
Here are five significant administrative issues that small and midsize business owners face and some solutions that technology may provide.
1. Keeping track of things
You could feel like you’re drowning in forms because of the amount of information you’re required to collect and store on each employee for HR purposes.
The number of duties demanding your attention can be a significant time drain, from onboarding or enrolling in benefits to authorizing time off and administering payroll.
A little structure and a single platform to store all of your data could go a long way toward assisting you in completing chores more quickly and accurately.
Solution: A single platform with a streamlined and user-friendly interface reduces clutter and makes information easier to discover.
A good platform organizes all of your HR needs, such as payroll, benefits, onboarding, and time-off tracking, into categories so that you and your employees can access everything from one place.
You’ll be more efficient and successful in getting the information you need, when you need it, with important HR information consolidated in one place and the opportunity to tailor your platform for your business.
2. Management of Productivity
When you spend too much time working on complicated activities, staying focused on managing and expanding your core business is challenging.
You may already be utilizing various digital tools to assist you with your HR responsibilities.
You might have multiple different technology platforms, such as one for payroll processing, another for scheduling time off, another for benefits management, and yet another for retirement account management.
While this is a decent start, it is far from ideal for becoming more streamlined and efficient or in terms of growth for future demands.
Solution: A self-service technology solution that is simple to use. Allowing your employees to manage their HR data minimizes the amount of time you spend on administrative activities.
To avoid redundant work, make sure your HR technology connects with other tools you already use.
3. There aren’t enough hours in a day.
You have a lot on your plate. You don’t have time to sift through mountains of paper, look for hard-to-find information, or cope with faulty technology.
You require information at all times and in any location, and you need it promptly.
Solution: An HR platform with mobile capabilities is the technical answer. Your staff, like you, will be able to access their information in real time via their phone or tablet.
Everyone can update information, making complex processes like filing bills or reports as simple as a few taps on a mobile device.
4. Insufficient funds
Budgeting is a significant challenge for most SMBs, which should be no surprise. HR technology should save you money by lowering risky compliance concerns, enhancing productivity, and reducing costly mistakes in the long term.
It can be challenging and depressing to look for cost-effective HR technology solutions, especially when interacting with many providers.
Solution: A packaged HR solution with a technological component. You may select the greatest and most basic HR product by limiting your alternatives to a single source and examining the costs and technology that they supply to their consumers.
5. Compliance management
It might be challenging to ensure that your company complies with state and federal standards.
It’s critical to stay on top of ever-changing and complex regulations. However, few business owners are equipped to deal with this independently.
Solution: A technology package that includes access to an HR team to answer any questions you have about changing legislation topics and how they can affect your company.
Thanks to configurable metrics, app connectivity, and intuitive navigation, staying compliant and productive has never been easier. You can utilize the best HR technology solutions to ensure that you also get the best output.