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CAN U. S. COMPANIES

Improve Workforce Productivity

    

INNOVATION? 

 

In response to new business challenges,  midsi...
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Improve Workforce Productivity Through HR Technology

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In response to increased market competition, midsize U.S. companies are looking for new ways to improve workforce productivity and performance. A survey of senior finance executives, sponsored by Paychex and conducted by the Research Services division of CFO Publishing, reveals that midsize companies see HR technology as a potential solution to achieving greater workforce productivity.

This infographic details the key research findings of how companies plan to improve their human-capital strategies.

LEARN MORE http://bit.ly/workforce-productivity

Publié dans : Recrutement & RH
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Improve Workforce Productivity Through HR Technology

  1. 1. CAN U. S. COMPANIES Improve Workforce Productivity INNOVATION? In response to new business challenges, midsize U. S. companies are looking for new ways to improve workforce productivity and performance. A survey of senior finance executives, sponsored by Paychex O and conducted by the Research Services division of CFO Publishing, reveals that midsize companies see HR technology as a potential solution to achieving greater workforce productivity. Labor Investments Midsize companies are looking to extract more from their current labor investments in order to overcome business challenges: , But only 0 0 Are trying to derive a great Are planning to allocate deal of competitive more resources to labor in advantage from their the near-term; the rest will human—capital strategy. be working with the same or lower levels of resources. 2 MAIN STRATEGIES: Maximize Output & Minimize Cost A majority of companies plan to maximize the output of their workforce as a strategy to boost productivity: Are most likely to focus on maximizing the output of their workforce by improving their ability to recruit, retain, train, and/ or develop employees. Are most likely to focus on minimizing the cost of their workforce by improving their ability to manage time and attendance, benefits costs, expenses, and/ or labor—related taxes. Said neither of these options describes their approach. Are not sure which strategy they will follow. HR IS EXPECTED TO Lead the Charge, but Manual Tasks are In the Way 2 l of companies expect their HR function will play a greater role in maximizing workforce productivity, however: Think HR is “very effective” Think HR is currently at helping maximize saddled with too many workforce productivity. manual processes. Technology Among companies not already using third—party HR technology, most think Web—based applications for these HR processes could help maximize workforce productivity. mvcuar it it ENTERPRISE PAYCHEX INNOVATIVE TECHNOLOGY AND PROFESSIONAL SUPPORT CAN HELP Paychex Flexstl Enterprise is a cloud-based payroll and HR system built to improve workforce productivity, communications, and decision—making. A single platform shares one employee profile across comprehensive and scalable services; professional support options are equally flexible and complete. Visit www. paychex. com/ major—market/ flex to learn more. Source: Human-Capital Strategies in a Slow Recovery, http: //www. cfo. com/ research/ index. cfm/ displayresearch/14660274.

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