Navigate the Future: RMI’s HR Technology for Success
- HR technology streamlines processes, boosts performance, and offers better data control.
- Encompassing software and hardware, HR technology covers payroll, talent management, analytics, and more.
- RMI‘s HR technology offers tools for talent management, onboarding, payroll, document management, reporting, benefits, and more. Contact us to find out more!
Before implementing HR technology, HR departments used manual methods or disparate systems to manage employee data, track performance, and handle other HR tasks. These manual methods were slow, inefficient, and prone to human error.
To improve the performance of this department, companies began to use HR technology systems, which allow them to streamline these processes, improve performance, have more control of their employees, and have a historical view of the data to be able to make more informed decisions.
In this post, we will show you the advantages of having HR technology in your company to support your HR team, what functions you can implement, and how you can get the most out of them.
The Essential Features of RMI’s HR Technology
At Resource Management Inc., we understand the importance for small and medium-sized companies to streamline tedious and slow processes that are detrimental to their ability to grow. That’s why, before discussing the advantages and features of our HR technology, we want you to understand why HR software is a true revolution and very important for companies seeking to grow.
What is HR technology?
HR technology is a broad term that encompasses the software and associated hardware used to automate the HR function in organizations. This includes employee payroll and compensation, talent acquisition and management, workforce analytics, performance management, and benefits administration.
The development of HR technology has been rapid in recent years, and many companies of different sizes globally have adopted HR technology systems from expert companies. The global HR tech market is expected to reach $30 billion by 2025. In the United States, many of these companies have begun to migrate their local systems to cloud platforms and partner with expert HR companies such as RMI to improve the performance and capabilities of their software while obtaining specialized advice on Human Resources.
And since this is a constantly growing industry, in the future, HR technology trends may include integrating functions with AI and optimizing existing systems. This could involve improving technology systems to improve remote workers’ productivity, workforce management, and recruiting and learning platforms to meet changing needs.
The development and use of increasingly advanced HR technology can significantly transform the practices of HR teams, enabling better business and talent outcomes and improving the value of HR for employees and the company.
Workplace leaders agree HR tech is a worthy investment. 80% of HR professionals believe investing in HR technology has improved their business.
Features of RMI’s HR Technology
Now that we have seen what HR technology is and you know a little more about what it means for your company, let’s talk about RMI‘s HR tech software and how it provides a comprehensive suite of tools to manage various HR functions.
Here is a detailed explanation of the features offered by RMI’s HR technology:
- Talent Management for Recruiting and Hiring: Streamline finding, attracting, and hiring new talent. It may include job posting, applicant tracking, resume screening, and interview scheduling. It helps your HR team manage the entire recruitment process.
- Full Employee Onboarding for Payroll, HR Documents, and Benefits: The onboarding process begins once the new employee is hired. This feature allows new hires to complete necessary paperwork, set up their payroll information, and enroll in benefits. It ensures a smooth transition for new employees and helps them get up to speed quickly.
- Payroll and W2 Information: This feature manages the calculation and distribution of employee paychecks, tax withholdings, and year-end W2 forms. It ensures that your employees are paid accurately and on time and that all tax obligations are met.
- Document Management for Handbooks and Custom Agreements: Store, organize, and manage essential documents like employee handbooks, contracts, and custom agreements. It ensures that these documents are easily accessible and up to date.
- Reporting Tools: Generate reports on various aspects of HR operations, such as hiring trends, employee performance, payroll expenses, etc. These insights can help you make informed strategic decisions.
- Benefit Links, Plan Information, and a Complete Summary of Each Employee’s Enrollment and Costs: This feature gives employees easy access to their benefits, including plan details, costs, and enrollment status. It helps employees understand and manage their benefits more effectively.
- Electronic Time Clock and PTO and Other Leave Tracking System: Employees will clock in and out electronically to track their paid time off (PTO) and other leaves. It ensures accurate tracking of work hours and leave balances.
- Available Performance Management and Training/Learning Software: Assess employee performance and offer training and development opportunities. It can help improve employee productivity and career growth.
The Advantages of RMI’s HR Technology
Now let’s talk about how technology helps small, medium, and even large HR teams achieve your business goals. These are some advantages that RMI‘s HR Technology offers to improve companies’ HR.
- Automation of Administrative Tasks: HR technology can automate routine and administrative tasks. This reduces the chances of human error and frees up your HR team’s time to focus on more strategic tasks.
- Recruitment and Talent Acquisition: Technologies like Applicant Tracking Systems (ATS) can streamline your recruitment process by automating job postings, applicant screening, and communication with candidates, reducing the time-to-hire and improving the quality of hires.
- Performance Management: Performance management systems allow real-time employee performance tracking and evaluation. This can provide valuable decision-making insights and help identify gaps in skills or performance.
- Data Analysis and Decision Making: HR technology can provide analytics and data-driven insights to guide strategic decision-making. This includes workforce planning, talent management, and identifying employee behavior and performance trends.
- Employee Engagement: HR tech includes tools for improving communication, collaboration, and feedback within the organization. This can boost employee engagement and satisfaction.
- Compliance: HR technology can help maintain compliance with labor laws and regulations by providing updated information and automating compliance-related tasks.
All these advantages make RMI’s HR tech software a game-changer for businesses seeking to streamline their HR operations. By choosing RMI, you’re not just buying software but investing in a more efficient, productive, and successful future for your company. Let RMI handle the complexities of HR, so you can focus on what you do best – growing your business. Contact us today and make a difference in your business!
On average, organizations replace their HR technological solutions every five years. With RMI you will no longer have to change software because we stay on the cutting edge by constantly updating ourselves.
Final Thoughts on HR Technology
Technology always changes the game. Since the digital era began and even more so since the COVID-19 pandemic accelerated the digitalization of businesses, we have realized that manual processes are out of fashion and that the only thing they achieve is slowing down growth, stagnating companies in archaic practices that hurt their development.
Human resources are already an area that consumes a lot of time and resources in administrative tasks that, although essential and mandatory, are not necessarily those that contribute the most to the growth of companies. HR technology is a complete paradigm shift, a 180-degree turn for companies to become more efficient and faster.
HR technology is the present and future of HR in the digital age. It will only continue to advance, so the best thing your company can do is ride the wave and take advantage of technology’s advantages. Get a quote from us and get started!