SAP BLOG SuccessFactors Can Improve Your HR Strategy in 2018

SAP Blog

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22 Ara 2017
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Are you looking forward to everything 2018 will bring to your organization? Are you excited about making changes that will improve your company across the board? Are you hoping to adjust your HR strategy to bring more benefits to your workforce?

It goes without saying that there are many ways to improve an HR strategy. Even when everything appears to be in place, there’s always something you can do to ensure a higher level of success down the road.

The use of SuccessFactors, for example, can go a long way in changing the way you think about and approach human resources.

Here are just a few of the many ways SuccessFactors can lead to a better HR strategy in 2018:

  1. More Success with Recruiting

According to Employment Background Investigations, the average job opening attracts approximately 250 resumes.

While it’s a good thing when you receive a large number of applications for an open position, it can also lead to trouble when making a final decision.

If you want to achieve more success with recruiting, SuccessFactors makes it easier to source and engage with the most talented professionals in your industry.

  1. Top Notch Technology

Are you struggling to better understand how to implement technology within your HR department? Is this something that has held your company back in the past?

With the use of SuccessFactors, it’s easier than ever to implement technology that has an impact on your organization as a whole.

In addition to traditional HR technology, it’s often up to workers in this department to decide on new ways of doing things.

For instance, a growing number of companies are learning more about 99 Bitcoins, as they’re considering the idea of paying employees in this manner.

One of the largest companies in Japan will begin to pay employees part of their salary in Bitcoin come February 2018. If you have any plans on taking this step – or a similar one – in the future, you need to have the right technology and systems in place.

  1. Time and Attendance Management

When it comes to time and attendance management, there is no room for error. You know employees will take time off every now and again, so it’s imperative to implement a system for tracking this.

According to Gusto, the average employee receives 10 days of paid vacation per year.

Without the right approach to time and attendance management, you could soon find the HR department in disarray.

As long as a worker has time off available, it doesn’t matter if they spend it watching People You May Know or shopping on JUUL online. What does matter, however, is that you have the right system in place for tracking everything.

  1. Training

It’s one thing to hire a new employee, but another thing entirely to train this person to do his or her job.

When it comes to learning and development, SuccessFactors can be the difference between success and failure.

If you don’t have a training system in place, you may soon find that your new hires aren’t in a position to succeed.

Get this: Forbes notes that it costs approximately $1,200 to train a new hire. This may not be money you want to spend, but it’s better than the alternative.

Pinpoint Problem Areas

Even if things are going smoothly in your HR department, it doesn’t mean that everything is perfect. As you take a closer look, you may come to find that there are a few areas that deserve your attention.

Once you pinpoint problem areas, you can then decide which solution is best. Some areas that may require your attention include:

  • Recruiting top talent
  • Training
  • Benefits and compensation
  • Technology
  • Workplace planning and analytics
  • Health and wellbeing

Maybe you need to focus on one of these areas. Or maybe you need to focus on all of them. As long as you know what deserves your attention, you can make the necessary changes.

Final Thoughts

It’s good to know that there are things you can do to improve your HR strategy in 2018. It’s not always easy to make changes, but once you take the first step forward everything will come together.

What are your thoughts on the current state of your HR department? Do you have reason to believe that a few changes could go a long way in making things better for your company? Share your personal approach to HR strategy in the comment section below.

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