One of the biggest concerns for organizations is employee turnover. There can be many reasons as to why employees turn over, but all those reasons equate to one thing: lost time and money on training new people. Employee turnover rates are extremely high especially in this digital age where it’s just too easy for employees to quit their jobs and head elsewhere.
Employee turnover isn’t just a problem at large companies, it’s also an issue in small and medium enterprises. SMEs in particular don’t have the resources to hire and train new employees every time someone decides to leave, which is why they need HR technology that can help them retain their workforce. There are various reasons as to why employees are prone to resign, but digital solutions are now available that can help combat these problems.
The digital age and its constant evolution, have led to the birth of new technologies that not only help employees work more efficiently, but also deliver solutions that can combat issues related to employee turnover. Here are 5 digital HR technology solutions that can help SMEs retain their workforce:
1) Paid video interview tools
This tool is best suited for companies that are hiring in bulk because it allows managers to save time when it comes to interviewing people. It’s also an efficient digital solution if the manager is looking for someone with specific attributes since he can carry out a series of video interviews and choose the most viable candidate. It is more efficient to buy paid versions of it if the budget allows since it can remove restrictions and limitations which can be frustrating to employees.
2) HR chatbots
Chatbots can help organizations improve their digital marketing efforts by answering employee queries, sending out relevant information about the company, and even scheduling events. HR chatbots are digital versions of personal assistants that can be accessed through digital messaging platforms. They can answer employees’ questions about salaries, career opportunities, work schedules, benefits and other topics related to the workforce. HR chatbots are programmed to ask follow-up questions so that the information they gather is more accurate and detailed.
3) Employee engagement platforms
These digital solutions allow organizations to find out what their employees are thinking about at work and how satisfied they are with their current situation. Employee engagement digital solutions include surveys, polls and feedback forms where employees can share their thoughts about the company, their line manager and co-workers. HR digital solutions like this one allow managers to get feedback on several different levels – departmental, organizational and individual.
4) Streamlined communication channels
Companies nowadays are moving away from physical offices because of digital technologies like Slack that let employees communicate with each other instantly, no matter where they are. This digital solution is perfect for companies that require employees to work remotely because the workforce can talk to their managers and HR personnel through digital messages. Through Slack, employees can discuss company policies, ask questions about their benefits or share feedback with the organization’s digital HR team.
5) Time management software
The digital age has led to more flexible work hours, which is why employees are constantly under pressure to perform at their best, even if they’re working from home or another location. To address this issue, digital HR technology is providing solutions that allow employees to track the amount of time they spend on specific tasks and how productive their day was.
Start-ups are one of the most common companies where employees tend to leave early on because they don’t feel engaged at work or the company isn’t doing well financially speaking. To address this issue, they need to invest in HR technology. HR tech is providing hiring managers with online tools that can help them better engage their employees, as well as digital solutions to boost the company’s reputation and make more people aware of its activity. It is important to amp up your HR technology and be on-trend as this contributes to employee satisfaction and retention.
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