As a return to some kind of normality is on the horizon, is now the time to look to maximise your HR & Payroll?
We’ve all had to adjust to new ways of working recently, whether that be your employees working remotely or being under furlough. However, with signs that we may soon be out of lockdown, is now the time to start looking at your HR and Payroll systems as a means to attract and retain the cream of the vast gene pool of talent that is available.
In a recent report by the Law Society¹ it states that clients are becoming increasingly used to utilising technology, as a result of the change in working circumstances due to the pandemic, leading to a move to the Cloud as one of their highest priorities. The report highlights increased revenue for firms and demonstrates that investment for them in such areas is key in gaining a competitive advantage.
By moving to a single cloud-based HR and payroll system, businesses can eliminate many manual, time consuming off system workarounds as well as gaining enhanced levels of security. Just as important in these difficult times, the systems also add to the agility and flexibility of the payroll system. By embracing the combined capability of HR and payroll operating as one, businesses can get more immediate access to the HCM and payroll data at their disposal and more quickly and easily make the adjustments required by initiatives like the furlough and SSP rebate schemes. That, in turn, contributes to employee well-being by ensuring that changes impacting them happen quickly and efficiently.
In summary, cloud brings many benefits in this context but a single cloud HCM and payroll system is even better for businesses. Equally, this approach supports greater agility by making key data available, where and when it is needed, across the organisation, enabling payroll changes and adjustments to be made quickly and easily and facilitating reporting on the results.
So, ask yourself have you outgrown your current systems but are daunted by embarking on a long and costly replacement project? We’ve all heard horror stories of HR and Payroll systems taking much longer than anticipated and not necessarily realising the outcomes of the initial plan. However, here at Symatrix as specialist partners of Oracle and Salesforce we’ve packaged our solutions in such a manner that they are tailored to meet your requirements with a fixed scope and best practice approach that can be implemented quickly and cost effectively. And if you’d like to go even further you can also consider a fully Managed Payroll service provided by the Symatrix team.
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