Simplify, Connect, Thrive: Maximize the Potential of Next-Generation HR Technology
In today’s rapidly evolving business climate, Human Resources professionals face numerous challenges, from managing complex employee data to ensuring compliance with ever-changing regulations. As new technologies transform past practices, HR professionals who neglect to leverage automation run the risk of being marginalized or not being compliant. The key to adapting to these pitfalls lies in harnessing the power of technology.
Last year, 12.1 million employers in the U.S. spent over $5 trillion on HR tech, 74% of companies plan to increase their HR tech budgets, and HR tech spending increased 66% between 2020 and 2022.
HR technology solutions have revolutionized organizations. Some benefits of leveraging state-of-the-art HR technology are: simplifying employee data management, enhancing talent acquisition and onboarding, and ensuring compliance and reporting.
Data management continually grows more complex as virtual means of information storage and communication becomes more prevalent, which automation technology helps manage. However, this technology still has its limitations. In addition to some staff still needing technical training, there are other obstacles to overcome, such as long implementation times or a lack of flexibility in automation. For example, your business might schedule or run payroll in a certain way that’s incompatible with standard HR technology. Another obstacle companies sometimes need to overcome might be in having to adapt when the service package they’re paying for doesn’t completely fit their specific needs. To make that worse, many HR automation services don’t include personal help from human professionals, leaving many employers feeling alone and uncertain when they need help or have questions.
Lyceum Insurance solves that dilemma by offering practical automation solutions while also ensuring that professional, personal human help is never out of reach. Embracing the dynamic advances in HR technology doesn’t have to be difficult, and can help employers stay ahead in an increasingly competitive and unpredictable market. Now more than ever, it’s critical to keep outdated practices from holding your HR operations back–especially when there’s a world of possibilities just waiting to be explored. For more information on how Lyceum can help provide some of today’s most cutting-edge technology services for your HR department, call us at (301) 840-6624 or visit our website at www.lyceumins.com.