518-373-4111
Employees are the most valuable asset to any business and are responsible for driving the day-to-day tasks that lead companies toward their goals. They create, innovate, and implement ideas that help companies grow. However, with that growth and success comes the important responsibility of retaining and recruiting top talent. Business owners and HR professionals face this responsibility every day, continually striving to form an efficient and attractive company culture. But the future of benefits and employee engagement is being guided by technology.
Technology often takes a back seat when making these decisions, while in reality, the right HR tools can and should help us identify appropriate benefit packages and create greater employee engagement.
The past few years have brought new insight into the future of the employee-benefit landscape and the role technology can have in helping form corporate culture.
Evaluate your Resources
There are a lot more resources today, and business owners and HR professionals should be seeking the best tools for employees and administrators. Employers frequently have benefits brokers, who are completely isolated from their technology platforms, controlling payroll, HR and benefit enrollments. Unfortunately, this means data flow is stopped short of what it could be, leaving many insightful analytics unattainable.
Forward-thinking employers are transitioning to a more unified approach by joining expert resources with comprehensive HR platforms. By unifying your platform and broker, employees have sort of a “digital vault” of data and information that is both easy to use and easy to access. It simplifies the lives of your team members and fellow employees, allowing them on-demand access to the information they need to make important decisions.
To increase employee engagement, tear down the barriers that are getting in the way, most commonly lack of information and lack of communication.
Empower Your Employees
Finding employee-benefits information can sometimes feel like that “messy attic” no one really wants to deal with. It’s disorganized and musty, making what you’re looking for difficult to find. Companies should strive to simplify processes by making things more accessible, encouraging employees to frequently check, update and interact with their own information.
As the famous quote goes, “With greater power comes greater responsibility.” Empowering employees to take greater responsibility for their well-being starts with technology. With an increase in smartphones, tablets and cloud-based software, accessing employee information or monitoring benefits should be at one’s fingertips.
Equip Your Team
By equipping your team with the appropriate tools, unifying disparate systems and connecting benefits brokers, companies are preparing for the changing benefits landscape. The future brings increased employee insight and engagement, as the industry has seen with the new human capital management (HCM) platforms. With a complete HR process, benefits brokers can leverage businesses’ HR tech tools. The increased insight will give benefits administrators an inside look at companies’ demographics and population trends, while also giving employees a greater voice.
A complete HR process will bring a future that uses data, gathered by HCM platforms, to align a benefits strategy with company goals and employee insight. The future brings a more collaborative and customized look at benefits that will improve company culture and drastically improve turnover rates and recruiting.
As you are preparing a new benefits strategy or brainstorming ways to create greater employee engagement, don’t overlook the power of an HCM platform that can create one solution to solve all your needs. isolved gives you one location to manage all payroll and HR data, with just a single login. Request a demo and see how we can help you prepare for the future.
