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Survive the Wave of Resignations With the Right HR Tech

The right HR tech can help you navigate what could be considered an upcoming storm of resignations. The U.S. Bureau of Labor Statistics reported as of June, 3.9 million employees jumped ship by quitting their jobs. Affected employers are looking to stay afloat in a competitive labor market. While a number of factors may be out of their control, one reason for employees leaving is largely preventable, yet not top of mind: your HR technology.

For many employees, one of the most common workplace frustrations is potentially the most straightforward. In a recent OnePoll survey commissioned by Paycom, 77% of employees voiced concern over outdated tech they have to use to do their jobs, and 67% went so far as to say their workplace tech is so ineffective, they would take a pay cut in exchange for better tools.

A way forward

Fortunately, an opportunity exists to address at least one factor that pushes employees away.

For example, in Deloitte’s 2021 Global Human Capital Trends report, 41% of executives stated “upskilling, reskilling and mobility” are among the most important actions they are taking to evolve their organizations. The right HR tech allows for such opportunities in a learning management system that is not only accessible 24/7 via mobile device, but resides in the same software as all other employee HR functions, including payroll, time, expenses, benefits and more.

Additionally, Deloitte found 61% of executives suggested they would focus on reimagining work going forward, more than doubling the amount of similar responses in last year’s report.

“Reimaging work” can be less daunting than it sounds with the right HR tech. For example, employees cited “too many logins” — such as those for benefits, training and other job-related needs, when spread across multiple systems — as the top reason they are dissatisfied with their organization’s current tech.

The right technology can help your organization avoid the increasing trend of resignations.

Navigating rough waters

Knowing leadership and employees are on the same page about the need for more effective technology, you can chart the appropriate course for your organization. Doing so won’t just help you retain employees in the short term, but also give them a glimpse into their future with your business. This reassurance could be especially important, as the aforementioned OnePoll survey reported that 67% of employees don’t believe their company prioritizes digital transformation. Thus, the right technology can give employees agency and build trust in their employers.

A seamless single software can help you master the turnover tide and address employees’ most notorious frustrations. For example, Paycom unites many of your workforce’s most common HR needs into one intuitive app with a single sign-on, eliminating the need for multiple logins.

Offering tools that not only simplify employees’ experiences but grant them greater insight into their own data may also improve their satisfaction. For instance, maybe your current payroll tool isn’t particularly transparent. With Paycom’s BetiTM, the first employee-driven payroll experience, your workforce is given the opportunity to identify possible discrepancies with their check before payroll runs so those can be resolved prior to payday.

By vetting your current technology, you can address concerns before they cascade into resignations that capsize your operation. Discover how a comprehensive HR tech solution can help your business today.

 

DISCLAIMER: The information provided herein does not constitute the provision of legal advice, tax advice, accounting services or professional consulting of any kind. The information provided herein should not be used as a substitute for consultation with professional legal, tax, accounting or other professional advisers. Before making any decision or taking any action, you should consult a professional adviser who has been provided with all pertinent facts relevant to your particular situation and for your particular state(s) of operation.