What makes a business successful? A lot of factors play into the overall success of a business, but nothing is more important than people. Without the people who come up with ideas, put them into action, build relationships, and manage the many other activities that drive the success of your business, you’re not going to have much of a business at all. Just having people employed in a business isn’t enough though, you have to manage people efficiently and cost effectively to maximize their success and employee return on investment (ROIE). Learn more in the Sage HRMS demo below.
When it comes to managing employees it all comes down to engagement; keeping your employees invested, productive, and active in the organization. An employee who is disengaged will cost you a significant amount of money in lost productive, accidents, theft, and employee turnover. In fact, it is estimated that disengaged employees cost $350 billion each year!
How do you keep employees engaged and motivated to stay at your company? By treating them fairly, empowering them to do their best work, fair compensation and benefits plans, and giving them opportunities for career growth and development. To do this you’re HR department needs to be able to manage many different factors, including:
- Policy communication
- H&W benefits
- Performance evaluation
- Career development
With all of that comes a lot of data, a lot of paperwork, and a huge risk for non-compliance with regulations. With so many places for inefficiencies and mistakes, companies stand to benefit significantly by automating the process with a human resource management system (HRMS) which allows companies to reduce the cost of managing employees, improving company culture, attract and maintaining top talent, and more. Watch the Sage HRMS demo below to learn how Sage HRMS can help you ease the burden of compliance, break the limitations of a limited HR staff, improve data security, reduce overhead, and much more.