Companies lose an average of 5% of revenue annually due to payroll process inefficiencies, errors and fraud. Out of this 5%, 99% of the errors are due to poor employee workforce administration.
Despite being an important aspect of a company’s payroll, workforce administration does not get the kind of attention it should.
With the advent of technology at every step in any workplace, putting the H back to HR is getting questioned with every passing day. I could see startups & organizations are more engrossed in achieving their profit margins, thereby losing the focus on humanity. In one of the event attended with Isha foundation on #Humannotresource has made me think more on how much human touch is missing in the daily corporate lives of people around.
When I started my first job, I remember signing in my attendance in the office’s ‘Attendance’ register and then signing out when I left in the evenings. At best, it showed that organizations had to trust their employees to enter correct attendance details. But at its worst, attendance registers were the bane of organizational productivity.
Alt Worklife by PeopleStrong Alt is the perfect HR and Talent Management system for the workforce on the go. Whether you are managing onboarding, performance, succession, time & absence, it empowers the employee with everything delivered seamlessly through the mobile app. What’s more, it leads to enviable engagement metrics and provides data insights to Talent Managers for timely decision making on employee productivity and Talent ROI for business.