A study according to Forbes says that HR industry has grown to around $14 billion that has hundreds of software solutions resolving all the recruiting, talent performance, and benefit needs. Implementing a single integrated talent management system across your organization can smooth the flow of information across HR, payroll, and benefits the organization. This sharing of information can empower your business to enhance and your workers to perform better. Here is a more critical look at some of the vital advantages an integrated talent management system can offer your organization.
Ability to Tap into the Expertise of Partners: No in-house lab for executing pre-employment screenings? No problem. An integrated talent management system empowers you to recognize the correct partners to deal with specific aspects of your HR functions, enabling your team to focus on their core responsibilities. Third-party partners can incorporate organizations that have expertise in recruiting, onboarding, benefits administration, payroll outsourcing, and training and development.
More Strategic Hiring: Integrating hiring efforts, for example, job descriptions, applicant tracking, pre-employment assessments, background checks, and drug testing can help make sure that you are bringing excellent talent into your organization. Also, with an integrated framework every information you take in about a new hire at the time of recruiting, hiring, and onboarding processes can be imported into their employee profile for use in different areas of talent management, reducing time-consuming data entry and the opportunity for clerical errors.
Improved Employee Experience: Sharing one employee profile that starts when resumes are sourced and proceeds all through the employee’s time at the organization can enable you to keep up long-haul relationships with star entertainers and may lessen turnover. The ability to effortlessly update employee data, and manage benefits by a single, integrated framework can give employees peace of mind and may enable them to remain productive at work. An integrated framework may likewise make it less difficult to manage benefit plans that attract and hold profitable employees.
Access to Accurate Data Drives Smarter Business Decisions: Integrated HR frameworks unites benefits all through the HR lifecycle, from enrollment to benefits management, to continuous execution evaluations. This end-to-end employee information gives management a better vantage point to see patterns within your operational information, making it less difficult to decide how choices will influence different areas of the organization. In addition, by actualizing a single HR framework over your organization, you can alleviate barricades to the perfect scenario of every territory of your organization working together utilizing exact information.
For example, utilizing a solitary HR system may help dodge clerical mistakes, which are frequently hard to pinpoint in a scattered framework and can prompt cash flow issues and wasted time to settle issues crosswise over various offices and programming.
Investing in an integrated Talent Management System will allow you to be more strategic, more informed and free up time to focus on the talent you have hired or are recruiting.For more information on our solutions, get in touch with us at email@example.com.