Until very recently, the primary function of the HR technology was to ameliorate the efficiency and effectiveness of the process by automating the repetitive tasks.
However, today, the presence of smarter technologies enable the HR teams to disentangle the crucial business challenges, drive exponential performance and even impact business outcomes and profitability.
‘Chat bots’ or ‘Messenger-bots’ have been around for a surprisingly long time- the first one was coded way back in 1966- but it is only since last year that they burst on to the scene as the newest and the coolest rock-stars of the AI technology brigade. Simply put, a chatbot is a software program that provides an automated, interactive interface by simulating the way humans have conversations.
Is your payroll software like an unwieldy piece of furniture- not the most comfortable to use but too heavy to move? Or is it a huge liability to your business?
You cannot hope to run a business successfully if your payroll is riddled with holes. It is what keeps the employees working and the business humming along.
Globally, Human Resource is almost a whopping $54 billion industry, according to the current research by the Everest group. It’s no surprise then that close to $14 billion of that pie has been contributed by one single vertical- HR technology. In just 2016, investments in this segment went past $1968 million globally.
For organizations still considering going automated, the concept of HR on Cloud may seem daunting, but its actually much easier to do than it looks.
PeopleStrong’s Alt Worklife is India’s first HR app that offers an HRIS systems to manage all HR processes. Under the Alt Worklife module, everything from onboarding to exit management can be processed effortlessly from any place and time.
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As part of an organizational chart, HR looks like a formidable function- the immense task of linking people with processes and protocol is not an easy one. But in reality, HR systems sometimes work in independent silos, detached from core business and employee needs. This causes a lot of needless delays in paperwork, payroll processing etc.
HR workflow management is all about managing a multitude of micro tasks that weave together unique HR processes. PeopleStrong Alt provides automated support to manage some of these arduous tasks at hand.
For instance, Alt can shave off 25% of the time you spend in managing employee attendance. Reimbursements are almost 50% faster since all requests and approvals are done real time.
Data is the foundation of success, from fueling scientific research to delivering a personalized shopping experience. Today’s organizations are utilizing machine-learning and artificial intelligence to harness the full power of their data.
Big Data is key to extracting real-time insights, and enabling organizations to achieve new levels of performance. A term typically used alongside AI is machine learning, which is a field of computer science that grants computers the ability to learn without being programmed.