Human Capital Management

/Human Capital Management

Six Tips to Creating a Culture that Attracts and Retains Millennials

Millennials in the Workforce

Employee loyalty is priceless. It fosters long-term stability in an organization with a workforce dedicated to an organization’s success.

The Millennial generation has seemingly upended the hopes of companies looking for long-term commitment. However, their reputation as job-hoppers may be undeserved. Loyalty is a two-way street, and Millennials can inherently sense the short-term views of some employers and have structured their career outlook with this uncertainty in mind.

To attract and retain the largest workforce generation, human resources departments will have to transform the core dynamics of the workplace and adapt to Millennial values and expectations.

Key Takeaways:

  • Understand the values driving employment decisions made by the Millennial generation
  • Identify opportunities to help attract and retain Millennials in the workplace
  • Analyze key statistics to help understand and define the Millennial generation

Download our free guide to learn ways to create a culture that attracts and retains Millennials.

By |Jul, 18th, 2017|Human Capital Management|

What to Expect from a Cloud-Based HR Vendor

Cloud-based HCM

Employees and customers want on-demand access to their data on any device, which has exponentially increased threats to data security. Companies cannot keep up with this technological demand alone and have turned more to Human Capital Management Systems (HCM) in the cloud. It is, therefore, vital for HR professionals to know what cloud service they are using and how it can secure and protect important employee information.

The good news is that cloud architectures have been built from the ground up with a laser-focus on security. Many cloud systems have been built to deal with daily probes from the Internet and have agile designs that can react faster to threats than most traditional enterprise systems. Despite these advances, it is still imperative that HR teams vigorously assess cloud vendors and what they offer. The best cloud providers will include a number of extra features to protect data. This could include two-factor authentication that may send a user a code through a text message. Furthermore, good cloud vendors should be on the cutting edge of security practices, which should also include 24/7 support and state-of-the art security at their data centers. Attributes such as these can actually enhance a company’s data security when compared to a legacy, on-site enterprise system that may currently be in use.

Oracle points to a number of other expectations HR departments should have for a HCM cloud vendor. First, the vendor should be on solid financial ground to ensure longevity. In addition, a good cloud vendor will not mix your sensitive data with other customers’ data; your data should be isolated with security at […]

By |Jun, 8th, 2017|Human Capital Management|

Increasing Employee Engagement

engaged employees

Once you have implemented and evaluated your new HCM you can focus on the value-added tasks that
make HR departments irreplaceable, it’s people! Focusing on making the organization a great place to work.

The level in which employees engage with and recognize the goals of the organization can determine
business results as well as whether those results succeed or fail. There are many ways to increase employee engagement. A flexible and configurable HCM that empowers employees and generates a productive environment can certainly help with this.

Download our Free Guide on How to Successfully Evaluate and Adopt an HCM System for
a few tips on how to leverage your new HCM investment for further employee engagement.

By |Jun, 6th, 2017|Human Capital Management|

Key Metrics to Measure Your New HR System

Businessman pressing a Human Resources concept button.

Once you have evaluated your options and chosen an HCM it’s important to ensure you’ve made the right choice by putting a plan in place for measuring your return on investment (ROI). At the end of the day, the main reason to purchase a solution is the value you expect to get in return.

HCM solutions are often one of the most important investments your organization will make. Not just because they are costly, but because they can change the way an organization operates. This could be in terms of improved processes, increase in efficiency, reduction of overhead and more. The key is to identify specific metrics you can measure both before and after the implementation of the new system.

There are four key areas to look for improvements in a new HCM system.

  1. Reduction of Employee Turnover
  2. Streamlined Onboarding Process
  3. Reduction of Recruiting Costs
  4. Improved Administrative Productivity

For a deeper look into these key areas, download our Free Guide on How to Successfully Evaluate and Adopt an HCM System.

By |May, 24th, 2017|Human Capital Management|

Benefits of an HCM Solution

HCM

HCM solutions are often one of the most important investments your organization will make. Not just because they are costly, but because they can change the way an organization operates. Whether you’re in the market for your first HCM system or looking to replace your current one, you should have a plan in place for measuring your return on investment (ROI). At the end of the day, the main reason to purchase a solution is the value you expect to get in return. This could be in terms of improved processes, increase in efficiency, reduction of overhead and more. The key is to identify specific metrics you can measure both before and after the implementation of the new system. Here are four key areas to look for improvements in a new HR system:

Reduction of Employee Turnover
Your HCM can assist you in employee performance and job satisfaction. You’ll be able to see warning signs right away and maximize the amount of time your most talented employees spend at your organization. If your company has a high turnover rate, observe how your new HCM system changes that and determine what replacement costs you avoided.

Streamlined Onboarding Process
Solutions that have a robust hiring and onboarding process can help your organization reduce time and administrative work that normally occurs when you bring a new hire from the application process to their first day on the job. If you can manage the hiring process efficiently, you save money and resources. A key point to look at: the average time to hire and cost per hire before you implemented your new HCM solution and where are you now?

Reduction of Recruiting Costs
Before you hire additional […]

By |May, 4th, 2017|Human Capital Management|

InfinityHR HCM Evaluation Checklist

Checklist

Choosing an HCM is a big commitment and choosing the right HCM solution that can help businesses streamline their processes is critical. HCM systems also empower HR teams to better react to their employees’ needs in a timelier manner. Although every HCM is unique and offers various features and benefits it can often be overwhelming to an HR department who is looking for a new solution to suit their needs.

Download our free checklist to help you during the vetting process.

By |Apr, 26th, 2017|Human Capital Management|

InfinityHR Launches New Human Capital Management (HCM) App for iOS and Android

Mobile App_Screen Shots_Layered_2InfinityHR is pleased to announce the launch of the InfinityHR Mobile App, an extension of our popular HCM platform that allows employees on the go to access human resource information they need wherever they are.

“We are living in a connected world and employees expect information and services to be delivered on demand in a mobile-friendly format,” said Jeff Torczon CEO & founder at Infinity Software Solutions. “HR departments and businesses focused on delivering innovative HCM, must meet their employees in the mobile space to stay relevant. Launching our mobile app allows our clients to connect and engage with their employees on the go.”

Mobile technology is disrupting the HR market. Look around wherever you are, and you’re likely to see people glued to their smartphones. In fact, your phone is probably sitting on your desk or in your pocket right now. Human resources is no exception as the workforce is already turning to mobile solutions.

“The modern employee expects that core workplace functions are accessible through mobile technology,” said Jacob Coulter, Product Manager at Infinity Software Solutions. “This release not only meets that need but allows us to be creative in the solutions we continue to deliver to our diverse customer base.”

InfinityHR is taking advantage of this tremendous opportunity to connect and engage through mobile technology. The InfinityHR mobile app gives employees access to Time and Labor Management, Benefit Management, and Employee Self Service functionality. The mobile app, ensures you always have the most up to date information wherever you are.

InfinityHR mobile app – HR Where you are.

  • Time […]
By |Apr, 25th, 2017|Human Capital Management, Infinity News, Mobile Solutions|

How to Successfully Evaluate and Adopt an HCM System

Choosing an HR Software

Choosing an HCM is a big commitment. HCM solutions are in a constant state of evolution, adding new functionality that meets market demands and the  ever-changing landscape of business processes. When considering an HCM solution focus on a solution that will improve your business processes, help fulfill you compliance requirements and offers great customer service when you need support. Having a mutual vision will help to ensure that the HCM solution will meet your requirements now and into the future.

Key Takeaways:

  • Learn some common HR Technology acronyms
  • Review a checklist to use when evaluating HCM solutions
  • Details on key metrics to measure your newly implemented HCM
  • Tips on how to increase employee engagement once your HCM is implemented

Download our our free guide to learn more about how to successfully evaluate and adopt an HCM system.

By |Apr, 18th, 2017|Human Capital Management|

Mobile Solutions in HCM: The Future is Now

HRTech

 

Mobile technology is disrupting the HR market. Look around wherever you are, and you’re likely to see people glued to their smartphones. In fact, your phone is probably sitting on your desk or in your pocket right now. We are living in a connected world and expect information and services to be delivered on demand in a mobile-friendly format. Human resources is no exception as the workforce is already turning to mobile solutions.

Key Takeaways:

  • Learn about the tremendous opportunity to connect and engage with your workforce through mobile technology
  • Hear how others are creating a strategy to maximize new technology that pushes the envelope every day
  • Details on choosing tools aimed at providing value to your employees and managers
  • Connect and engage with their workforce through mobile technology

HR departments and businesses focused on delivering innovative HCM, must meet their employees and consumers in the mobile space or risk being left behind.

Download our our free guide to learn more about how to connect and engage with your workforce through mobile technology.

By |Mar, 24th, 2017|Human Capital Management, Mobile Solutions|

Converging Payroll and Human Resource Systems

systems-integration-image

Technology changes fast, and each successive generation’s expectations are quickly reshaping how human resources works with employees. In order to adapt, businesses must simplify their HR strategies to gain efficiency, reduce costs, and maintain employee engagement. The convergence of cloud-based HR systems and payroll is one area of opportunity that can help businesses stay competitive now and into the future.

Key Takeaways:

  • Understand how new technology and employee expectations are shaping HR strategy
  • Analyze how improving payroll processes can increase competitiveness and advance the employee experience
  • Explain how cloud-based technologies can enhance traditional HR services
By |Mar, 8th, 2017|Human Capital Management, Human Resource Management, Payroll|