iBankCoin
Home / Tag Archives: hris

Tag Archives: hris

How Happy Employees Boost Your Revenue

When business owners motivate their employees and increase engagement, businesses succeed. In the age of technology, businesses need their employees to produce more efficient work to increase revenue. It is human nature to have an increase in energy, be less stressed, have more creativity, and help others when when we are happy. According to a study conducted by economists at the University of Warwick, happy employees resulted in a 12 percent increase in productivity, and unsatisfied employees were 10 percent less productive.

Although some may believe that salary is why the majority of people leave jobs, pay isn’t usually the case. Research has shown that salary isn’t typically the primary cause of people leaving their jobs. The main reason people leave their jobs is because they don’t feel appreciated and valued. Here are some ways that business owners and managers can improve revenue through happy employees.

 

Build a Solid Foundation of Trust

When employees don’t feel trusted to complete the duties of their jobs, it can hinder their ability to solve problems and cause a lack in confidence. By letting your employees know that you trust in their abilities, it will give them a sense of value and optimize their contribution to the success of the business.

 

Provide Employees with a Positive Workplace

When business owners encourage their employees to be themselves, it creates a seamless transition between work/home life. When employees can be themselves at work, they can relax and produce better work. Games, fun activities, and laughter can be excellent ways to relieve tension and create a bond among employees.

Be sure to acknowledge skills and qualities that are seen in employees because it is a vital factor when it comes to employee engagement. Thomas Britt is psychologist at Clemson University and stated if individuals are not provided with the opportunity to showcase their skills and talents, their level of engagement and commitment will significantly diminish.

 

Give Employees Perks

When employees are given perks, such as good insurance, free lunch one day per week, or casual Fridays, they feel valued and appreciated. There are many companies that use benefits to increase employee productivity, which may include free memberships to fitness centers, childcare, or the choice to work remotely once per week.

 

Use a Human Resources Information System (HRIS)

What is HRIS? It’s a software program that can be used to help those in the human resources department increase productivity. Although employees in the human resources department primarily use this type of software, it benefits employees in every department. With the use of HRIS, there will be less issues with payroll and benefits. There are also HRIS programs that have self-service features that provides employees with increased engagement.

 

Give Employees Opportunities for Growth

If business owners provide their employees with opportunities for career growth, it will enhance the skill sets of employees, which will boost productivity and revenue. In addition, by giving employees the chance to grow, it lets them know that you believe in their potential and are worth the investment. There are many companies that offer compensation for attending conferences and workshops, education, and mentor programs.

 

Establish Goals

When your employees are provided with specific, challenging goals, it will help them work to their fullest potential. Even if an employee is tasked with assembling a small product, he or she should understand every step of the procedure with a clear goal of how many he or she will assemble during their shift. Goals that are clearly stated and defined provide employees with a guide that helps them accomplish their goals and recognize their progress. According to a study conducted at the University of Alberta, employees who are focused on their goals show a 60 percent decline in absenteeism.

A business is only as successful as those who help it function, and when a business owner keeps his or her employees happy, it helps the whole business thrive.

Comments »

5 Digital Tools To Facilitate Employee Management

One key to running a successful venture is to automate as many business processes as possible using relevant software and tech tools. Human resource management systems enable businesses to focus on the needs of their clients, instead of their own. You could use tools like resourcing, operations, and reporting softwares, as well as a quality CRM to free up your team and focus on the customer. Here are five essential tools and technologies that help you do just that:

 

Project Management

Every project manager needs tools and technologies to manage client projects effectively. Some project management tools are simple to use and can significantly increase workplace productivity. These tools makes it easier to coordinate internal and external tasks among team members, like calling a list of clients and sending out mass emails. Project management tools, such as Workfront or Asana, give managers full transparency and enable them to work in clear visible workspaces away from email. While some project management systems are hard to understand, others come with vastly simpler interfaces. A digital project management system is an excellent tool for tracking client communication and collaborating with prospects. In fact, you can integrate many project management system with CRM platforms to create an even more seamless workspace.

 

Digital Reporting

Perhaps you have used tools such as Google Sheets for client reporting. If you find that the info you are tracking on Sheets isn’t giving you enough insight, then you could consider hooking it up to a BI system so that it can display and extract actionable insights about your clients. Digital client reporting systems are far much efficient than manual reporting. They are time saving and enable an agency to customize its analytics. Online client reporting tools provide a precise overview of market performance and make it easier to update analytics dashboards.

 

Human Resource Information System (HRIS)

Perhaps you have been wondering what does an HRIS do for business? It is a software package designed to help HR professionals manage their data. A human resource manager can utilize an HRIS to collect relevant data, such as birthdays, pay rates, tenure, hire dates, and more. The system will store it safely, and you can customize this software to the needs and requirements of your workers. It allows human resource professionals to store data in a centralized, accessible location. Moreover, HR professionals can use this system as a digital backup for paper files.

 

Cloud Storage

There is an array of options of storing critical files. However, the priorities for any company is security, ease of access, and syncing options. Google Drive is an example of an excellent cloud-based file storage option. It allows an enterprise to sync all of its files into one accessible area. Cloud-based storage is a perfect fit for online retailers as it facilitates secure data sharing and storage. Google Drive is also great because it automatically updates the previous version of a file whenever it is changed. As such, everyone can access the latest version, irrespective of the device they are using. Moreover, cloud storage allows staff members to share folders from any location. Of course, you want to add an extra layer of security to ensure client’s sensitive information doesn’t leak. Cloud storage vendors have a range of solutions for this, including physical security keys and 2-step verification.

 

Customer Relationship Management Software

CRM software is crucial to running a successful venture. You will need a system to manage customer data as your business continues to scale. A good CRM should also help you track client communication and billing contacts, manage invoices, and allow you to customize which employees are able to see customer info. Working with and without a CRM is a night and day difference, but make sure you find the right system for you company. No two companies are built the same, so make sure your software fits the needs of your company.

Comments »