As we’ve discussed previously, creating an onboarding process is critical to growing your business. It can help reduce turnover and significantly improve your new hires’ time to proficiency. But let’s focus on how new onboarding technology can eliminate a lot of outdated, manual processes. Having the right technology will reduce potential problems or delays, and provide more flexibility for HR and managers to train and socialize new hires.
What to Expect from New Onboarding Technology
As industries become more comfortable with remote working environments, technology will become a necessary component for onboarding new hires. Human Capital Management (HCM) platforms allow new workers to fill out their essential digital forms, learn about their responsibilities, and begin setting goals for their first 90 days.
Technology allows companies to create customized workflows to fit a business’s orientation needs. This creates a better overall experience for your employees, which can help you retain them for much longer. It’s important to remember that nearly one-third of new hires grow dissatisfied and look for a new job within their first six months of employment, and those who stay take an average of eight months to reach acceptable levels of productivity, according to a recent study from Gartner.
Having onboarding technology makes a better first impression on new hires, which can make a long-term difference. Only 12% of employees strongly agree that their organizations do a great job of onboarding new hires, according to a Gallup study. So you need to ask yourself… how do you get into that top 12%?
Finding the Right HCM
When searching for technology that will make your onboarding process more streamlined, there are several features you should consider.
Biometric Clocks: A Biometric Clock can provide you with a specialized tool to track, record, and upload employee time and attendance data. With Mihi, you also have the unique advantage of maintaining compliance with local labor laws and regulations in over 150 countries.
Time and Attendance: A good HCM will automate the collection of detailed employee data and complex pay rules for hourly, salaried, or contingent employees.
Leave Management System: According to several studies, the total annual costs related to lost productivity due to absenteeism in the U.S. alone totaled $84 billion. Having a better system in place can help you avoid much of this lost labor cost.
Employee Benefits: It’s important to be able to manage insurance, non-insurance benefits, and expense reimbursement for all your countries of operation in one flexible, user-friendly platform. This can reduce the stress of compliance and provide a better experience for employees.
Help Desk Support: In a world transitioning to remote working environments, we need better methods of communication. Good onboarding technology will allow employees globally to communicate with their HR teams. An online helpdesk enables a faster response and resolution. With a cloud-based model you can scale and tailor your HR helpdesk when and how you need.
These are just some of the factors to think about as you assess your need for a Human Capital Management software. But as you invest in your employees, your overall productivity and growth as a company will increase. If you’d like to learn more about Mihi, feel free to contact us at any time.