FREE GUIDE: The 3 ‘must haves’ that only a best of breed HR ecosystem can achieve
FREE GUIDE: The 3 ‘must haves’ that only a best of breed HR ecosystem can achieve

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FREE GUIDE: The 3 ‘must haves’ that only a best of breed HR ecosystem can achieve
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02/11/2021
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Providing a delightful and effective employee experience remains top of mind for business owners and HR leaders. In fact, 80% of HR and business leaders consider employee experience “important” or “very important,” according to a recent Deloitte survey.

But what is driving this response? A perfect storm of low unemployment, high competition for talent, and a changing workplace environment that is leaning toward remote work are the driving factors driving the importance of employee experience.

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Much of the efforts to create an effective employee experience center around delivering a simpler and more engaging work experience—one that aligns with today’s fast-paced, agile business environment and caters to tech-savvy millennials (they make up the majority of the workforce now).

Critical to creating a simpler and more engaging work experience is the technology used to deliver it.

“Today customers want HR technology that delivers a great employee experience and makes our work-life more productive and interesting,” said Graham Martin, co-founder at Worknice. “Customers are adopting HR tools that feel familiar and instantly intuitive, more like Facebook, Twitter, and YouTube and less like training and performance administration.”

You simply can not achieve this with older clunky and inflexible systems that are intimidating and confusing to the employee.

As a result, consumers are now moving to new and modern ‘best in breed‘ HR systems like Worknice.

HR technology is no longer primarily about features, features and more features in one single software option. It has instead evolved to a ‘best of breed’ HR stack approach – where the HRIS enables powerful workflows and unifies data across multiple specialised apps.

Can you have too many HR tools?

When it comes to HR tools available on the market, the supply is certainly meeting the demand. There is more than a handful of options to consider. Global spending on HR tech is more than $40 billion, and increased by 10 percent in 2018. In 2021, HR tech funding is exploding as companies grapple with transforming their workforce to attract and retain top talent and maintain performance and engagement in the hybrid work environment. Bersin estimates that large HR departments on average have 11 different systems.

Options are great – it enables businesses to choose a fit for purpose solution to their problems as they arise. And better yet, allows you to sub them in and out as your business evolves over time.

Three benefits of a modern HR ecosystem

Automated workflows for managers

Being a manager isn’t easy. Especially new managers who have to juggle multiple responsibilities while acclimating to a new level of responsibility. Time is low, responsibility is high. Whether it’s trying to make decisions, or evaluate employees, managers need to be equipped with tools that simplify their tasks.

Connecting all your HR data, people, and processes together to form a modern HR software ecosystem has now become the accepted best practice in any people and culture team. The reason for that is quite simple; people, systems, and data are mostly cross-functional and must work together to achieve exceptional results.

Employee experience and engagement

While HR tech is meant to improve employee experience and engagement, big, clunky all in one solutions can be counter intuitive.

Specialised apps are designed with user experience front of mind, which in turn increases adoption and empowerment. Modern HR leaders are now leveraging their HR tech ecosystem to innovate, improve and streamline the employee experience.

Employees want tools in the flow of work, and make completing tasks fast and easy. This doesn’t mean everything has be in the one single platform – but HR tools should be integrated with other apps employees use on a daily basis.

Scalability and flexibility

Tailor your ecosystem to your current needs and environment, with the confidence that it has the flexibility to adapt to challenges, change, and grow as your organisation does. 

Conclusion

There are various reasons why businesses end up with disparate HR systems. Some may have cherry-picked different solutions for particular functions that don’t integrate, and some simply accumulated different systems over time – that again don’t integrate. Regardless of how many HR tools you have, the benefits of modernising your stack are clear.

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