At the nerve center of any organization is the constant drone of HR activities. More often than not, there are disjointed repositories of data that have to be constantly coordinated within the HR team and employees in order to provide a seamless information stream. Mostly the numbers and reports that are crunched are kept in distinct silos and are brought together only when needed.
It's the massive amount of human interface that impinges on overall productivity. Where the company gains from manual intervention to pull out important employee-related information as and when needed, it also loses in terms of time, cost and efficiency. And all of this is a factor of technology a company uses to manage its processes.
One can say that the HR department is what defines the “perceived age” of any organization. If your HR systems are aging, then so is your firm. Traditional HRMS systems in large companies today are more than 5 years old, and more than half are over 7 years old.
The changes that HR technology has seen in the last decade have prompted many such companies to join the cloud HRMS bandwagon, not only because of how easy it is to switch to but because they have a greater purpose in mind. The HR system is no longer seen as a tool only to streamline HR and increase its efficiency. Today, companies are subscribing to such HR SaaS platforms which aim to simplify and automate your entire HR information system and give a single view for all employee information with comprehensive HR reporting & analytics.
One such company that benefited greatly from adopting a similar HR SaaS solution is India’s No. 1 Auto Portal, CarDekho.com.
As one of the most dynamic industries, Auto Industry faces a constant deluge and attrition of talent, and considering the stringent paperwork that comes along with each exit and hire, the HR team at CarDekho was constantly stretched to the limit. What they were looking for, was an HR technology solution that would give them a much smarter way of handling the multitude of processes that currently required manual intervention.
The partnership gave birth to a smart & digital way of operating Human Resources with the help of PeopleStrong Alt; via extensive process mapping at CarDekho, a solution was created that allowed the company to host services on PeopleStrong’s proprietary HRMS cloud solution that dealt with automating- Employee Onboarding, Leave and, Attendance Management, Travel Management, BRE (Business Related Expense Management) and Payroll Management.
The primary objective was to remove the ambiguity in data and in roles and responsibilities to achieve greater business efficiency; along with an instrumental HR Solution for businesses to scale up.
For the first time, CarDekho employees were able to work on a cloud-based HCM technology that gave them 24/7 access to their own payslips, investment declarations, reimbursements, etc.
Not only did CarDekho benefit monetarily, in terms of significant cost-savings but also created a significant environmental impact by reducing consumption of paper, toner and ink cartridges. Furthermore, all employees wholeheartedly welcomed the move towards a “Paperless Office”; 70% of all letter formats moved to soft copy, turnaround times for letter generation to receipt by employee reduced by a whopping 85%. For an organization that is less than a decade old, achieving this level of automation was an amazing feat.
How much ever inertia one might feel towards switching technology, one thing is for certain- you’ll always get something new. Organizations are much more progressive today when it comes to adopting approaches that make them more agile and market-ready and empowering your employees with best-in-class human capital management (HCM) solutions is one sure way to go.
Payroll and HR are at the core of every organization. With a new-age workforce distributed across geographies, organizations are grappling with multiple payroll processes, numerous pay-components, and inconsistent tax and compliance handling. Alt Payroll provides an intelligent payroll management solution for building smarter workplaces.
Get in touch with our payroll and compliance executive to know more about Alt Payroll and how we can manage your payroll better.