How NOT Using HR Tech is Ruining Your Business

Not using HR tech is doing a lot more than just slowing down your HR team a bit. Staying behind the technological times could ruin your business.
How not using HR Tech is ruining your business

Only 19% of US employees and managers agree or strongly agree with the statement, “We often discuss new technology, trends, and ideas that can be relevant to our work.”

With the business and HR technologies in constant flux, the fact that only 19% of companies are actively preparing for it is a bit scary.

Technology is the world in which we live. In order to stay on the front of the wave, you have to take new technologies into account, and HR is no exception.

Not convinced?

Keep reading to learn how NOT using HR tech is ruining your business. 

Workflow Efficiency

Companies need to be efficient in every aspect of business in order to achieve a high level of success. 

How do businesses achieve that efficiency?

Employee experience, reducing turnover, keeping employees happy, and people operations are all just different ways of saying, “This is how we can get the most out of our employees.”

"Companies need to be efficient in every aspect of business in order to achieve a high level of success."

It sounds cynical, but businesses only hire people because they need work done. They do all those nice-sounding things to attract the best workers and keep them happy. 

Businesses put immense amounts of effort towards that end, but HR is often the last group to get the shiny new tech toys. Companies miss out on big opportunities when that’s the case.

Heightened efficiency in the HR department has a massive effect on a business’s top and bottom line. They impact it indirectly but significantly.

Here are just a few of the things HR does that can increase revenue.

  • Execute on culture goals
  • Hire top talent
  • Create a high-efficiency environment

Having more time to do a better job at those three responsibilities will allow HR to create a more attractive culture, evaluate and hire better talent, and create a higher efficiency environment. 

You make more money when you have a better team of developers, marketers, and salesmen. You make more money when this team is happy at work, and you make more money when this team can work more efficiently.

HR is the department that helps you win that grade-A team, keeps them happy, and helps them be efficient. Slow and old processes make this type of strategic work next to impossible. 

HR tech is key to achieving efficiency in HR which has company-wide benefits. 

"HR is the department that helps you win that grade-A team, keeps them happy, and helps them be efficient."

Process Scalability

Technology allows HR departments to operate using a principle called economies of scale.

Economies of scale in HR is basically the idea that the amount of work per person you manage is inversely proportional to the number of people you have to manage.

It’s true that the benefit of economies of scale exists with old processes too, but the effect is much more dramatic with good HR technology.

For example, without HR tech, the paperwork side of onboarding one new employee could take a few hours. Onboarding five new employees could take the entire morning. 

With a self-service onboarding tool like EddyHR, onboarding paperwork for one employee takes about two minutes of your HR pro’s time and about three minutes for five employees. 

You can avoid a lot of frustration, mistakes, and burnout among your HR team if you give them a tool to make things easier.

If you want to scale your business, you need HR processes that can keep up with the rest of your company. HR tech is how that’s done. Spreadsheet and paper processes don’t have economies of scale on their side, so get a software solution that does. 

"You can avoid a lot of frustration, mistakes, and burnout among your HR team if you give them a tool to make things easier."

If you want to scale your business, you need HR processes that can keep up with the rest of your company. HR tech is how that’s done. Spreadsheet and paper processes don’t have economies of scale on their side, so get a software solution that does.

Legal Compliance

HR is like a second legal department. They’re a wall between you and inadvertently slipping outside the bounds of the law. 

There are a lot of labor laws in the United States, hence the existence of an entire federal department devoted to it. 

HR professionals should be well versed in these laws, but what if you’re a startup without a dedicated HR pro in a sea of legalities and regulations? The odds of accidentally tripping one of these legal wires are pretty good unless you have some help navigating them. 

Enter the HR software solution.

HR tech can help remove that risk of legal incompliance with interview guides and a solid employee onboarding tool. 

Conclusion

It’s a shame when businesses use the same HR tools as they were using in the ‘80s. We have self-driving cars for crying out loud! 

HR tech has come a long way in the last four decades and it’s getting better and better. By adopting an HR tech system like EddyHR you’ll be able to reduce your workload, increase your efficiency, and make room for scalability.

So check out EddyHR and see how we can help solve your small-business HR issues.

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