Today’s evolving business climate has forced many organizations to rethink their HR strategies. Managing through uncertainty can be challenging, but it also presents an opportunity to innovate with technology that improves the overall employee experience.
It’s time to think differently about core HR and payroll – not just as a system of record and payment but also as a hub where everything in the organization comes together to transform how the workforce is managed. Outdated systems and processes are unable to provide the agility and experience that the modern workforce demands.
To meet future challenges head-on while driving sustainable growth, make sure your HR organization is equipped to support both business goals and employee needs by addressing the following critical issues:
- Keeping up with changing legal and regulatory requirements
In today’s world, there is an increasing regulatory burden that is adding further complexity to the already complex topic of HR management. The graph below showcases the number of HR legal and regulatory changes addressed by SAP. As you can see, in 2020, the COVID pandemic resulted in a more than 36% increase in legal changes. In addition, evolving local government regulatory changes increase the burden of addressing local HR related statutory and compliance changes.
- Managing and streamlining core HR processes
Leverage automated HR workflows and intelligent technology, such as AI, to manage and simplify core processes. By adopting the latest cloud HR solutions, organizations can gain valuable insights, support strategic decision-making, and ultimately, drive peak business performance.
- Providing individualized, engaging end-to-end experiences
Build meaningful interactions with employees through engaging AI-enabled experiences. Minimize the burden of traditional HR tasks, such as enrolling in benefits and clocking in and out, and using tools designed with a focus on user experience.
- Making data-driven decisions to enhance business processes and structure
Ensure easy access to reporting tools and data insights to enable informed, real-time decision-making. Analyze relevant data to adapt processes to the evolving needs of the business, ensuring a future-proof set up.
- Accurately paying your workforce on time, every time
Elevate payroll operations with continuous payroll functionality that allows for proactive auditing and ensures accurate and timely payroll. Leverage cloud technology to help optimize and accelerate payroll processing and provide the scalability to support a global workforce.
- Empowering employees to take charge of their HR data
Introduce AI-enabled self-service tools that provide a simplified and intuitive user experience, reducing the time it takes to complete HR tasks. Equip employees with key visibility into relevant HR data, enabling them to take immediate action when changes are needed.
- Delivering consistent and personalized benefits experiences globally
Take a global approach to benefits administration to standardize processes, increase efficiency, and maintain centralized, strategic oversight. Use a flexible global benefits framework to tailor your benefits programs to local needs while delivering a consistent benefits experience to employees worldwide, regardless of location.