A realistic HR & Payroll tech trends article for 2019
That technology is changing the face of HR is an unarguable fact, writes XCD's CEO Simon Fowler.
But when it comes to hot tech trends, there’s a tendency to focus on buzzwords rather than reality.
Take last year’s January predictions. According to many of them, artificial intelligence should be pervasive throughout the industry by now. And where is the blockchain tsunami? Where are the microchipped employees feeding biometric data into IoT applications?
That’s not to say these things aren’t in the post, but it illustrates that the hype train doesn’t always deliver the trends that are most relevant to normal professionals’ day to day lives.
The following list is arguably less exciting and contains no hoverboards or robots, but we’ve used stringent criteria, and we believe these are the things that’ll hit your to-do list in 2019, not 2022.
‘This is the year of mobile’. It’s been said so often that it’s almost become a cliché.
Last year, an international study by IWG found that 70% of professionals worked remotely at least once a week, while 53% did so for at least half of the week. Employees are already mobile.
But if you’re one of the HR and Payroll operations that’s already fully mobile compatible, congratulations, you’re in the minority.
So, drumroll… this is the year of mobile. Mobile accessibility for HR applications.
For employees, this means easier engagement with the self-service systems that can save so much admin time; the ability to update personal information from their smartphone, to check details like pay or holiday allowance, or to scan and submit expenses.
For instance, take expenses. Our own results show that implementing a mobile expenses system, where employees can submit receipts securely from their smartphone, can cut up to half of the time Payroll traditionally spends processing claims.
So if your current HR and Payroll platform doesn’t offer this kind of accessibility, and many can’t, perhaps it’s time to think about upgrading to one that does.
Over the past few years, cloud computing has democratised the cutting-edge people management and data tools that previously only enterprise level business could afford. Research from Deloitte indicates that the majority of organisations not already in the cloud are either actively transitioning, or planning to in the immediate future, so if this isn’t on your radar already, it will be soon.
For those already in the cloud, there’s another rung to this trend. SaaS is nearly 20 years old and the major cloud platforms have had time to mature and diversify the solutions they host. This means it’s possible to run multiple business operations on a single platform, HR, Payroll, finance, marketing and sales, all operating from a common data source with seamless integration; a single platform strategy.
Big data was big on the agenda last year. But for many HR professionals, just getting to the point of good data is a significant digitisation hurdle; missing records, incomplete data, or incomprehensible spreadsheets, saved on someone’s laptop, now lost.
Unfortunately, it’s very easy for data to become bad and comparatively difficult to make it good. But if you’re sitting on a Pandora’s box of bad data, there are two options. You either wipe the slate and start again, not practical or possible in most cases, or you roll up your sleeves and get stuck in.
A lot of organisations bring in a third party at this point, as cleaning data isn’t quick or easy. If you’re doing it yourself, create a list of your most vital data and focus your efforts here. You’ll probably find that the process will highlight many superfluous data sets that can be done away with altogether.
Good data is a result of robust data processes. Modern HCM platforms are underpinned by a single structured database, there's no needless data rekeying between recruitment, HR and Payroll, and no different or legacy formats to deal with. Once you’ve got good data, make sure you have a system in place that allows you to keep it that way.
You might be interested in: Challenges and opportunities in HR data
The international business advisory firm McKinsey estimates that over half of the standard ‘hire to retire’ tasks that HR is required to carry out could be automated using technology available today, with little in the way of process change.
Tasks like recruiting and retaining talent, managing payroll, benefits, training and performance management are among those that can be significantly streamlined with the smart application of automation.
If you’re still manually entering data, or laboriously transferring it between incompatible systems, you’re at a disadvantage in a modern business environment where HR is under pressure to be more strategic and achieve more. Make 2019 your year to embrace automation.
If the subject of analytics hasn’t come up yet, 2019 will be the year that it does. Given enough good data, analytics can reveal trends, spot insights and make predictions about your organisation and its people.
Combining information from recruitment, engagement, learning, compensation and resourcing, modern HR software crunches the numbers to look for statistically significant patterns.
What does this mean? It’s about why. Data tells us what’s going on in a business. Analytics use data to help us understand why. And board level recommendations underpinned by a data-backed why are the most compelling kind.
You might be interested in: What’s the difference between reporting and analytics?
To speak to one of our specialist consultants about how our platform can help you digitise your HR & Payroll operations, book a demo today.
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Simon Fowler brings tech industry leadership experience from roles with companies including Advanced Computer Software Group and Technology One. He will spearhead a major new five-year plan for XCD, focusing on business growth and customer service.