What five things are you currently doing to increase your human capital? You are doing something, right?
According to a recent SHRM survey, organizations’ top priority over the next decade will be obtaining human capital. Is it your top priority?
C-level executives said the two biggest challenges in the near future are:
- Retaining and rewarding the best people
- Attracting the best people to the organization
If these are two of your biggest challenges and you’re scratching your head trying to figure out how to tackle them, consider software. Here are five ways software will help you increase your human capital:
1. Land top talent
The first step in retaining the most talented candidates is getting them in your door. Applicant tracking software can find and assist in your pursuit. These solutions will help find the right candidates by filtering through applicants based on criteria you determine. Eliminating the tedious aspects of the hiring process frees you to focus more on the people you’re hiring and not a stack of resumes.
2. Create and emphasize company culture
Onboarding software will get new hires onto your team quickly. Training employees on company practices can be done from anywhere with the help of software. Send your new hire his/her login information before the first day and they can begin the onboarding process before stepping through your door.
3. Align career goals with company objectives, and then pay them properly for it
You can handle both of these with performance appraisal software.
You can maximize employees’ work output by strategically aligning their career goals with those of the company. This software allows employees to see exactly how their own goals help the company succeed in achieving its goals.
A quick poll of your office will probably show that everyone wants proper compensation for the work they do – any hard worker would! Performance appraisal software also lets managers and employees track their accomplishments throughout the year to ensure accurate year-end reviews and compensation.
4. Commit to employee development
Performance appraisal and talent management software will help your company commit to employee development. Retaining employees is about more than just the work they do. The top employees also want to grow while doing work they enjoy. Making a commitment to their development will help to keep them around.
5. Provide latest tools to maximize work efficiency and effectiveness
Making your employees’ jobs easier is a good way to retain top talent. Saving them time with tedious human resources tasks will allow them to efficiently allocate time for their own work. Human resources software packages update your processes and can bring you to the forefront of technology.