By: Mark Dresser, Employer Solutions Practice Director
Now is the time to create your HCM strategy going forward…Let Net at Work assist you in creating a strategy that will help you unleash the power of your HCM solution to take advantage of your most important asset – your human capital.
Aligning human capital management technology with your business processes enables each HR function to run effectively and efficiently. From recruiting to payroll to talent development, HCM technology transforms HR into a strategic function by optimizing workflows, improving employee experience, and increasing the return on investment in human capital.
Human capital management is about making the most of your workforce through strategy and data. As a human resource professional, part of your role in this management process is making sure your company remains in compliance with the laws and regulations for employers in your industry. At times, this part of the job can be overwhelming.
In the past, Human Resources departments have had to make many decisions based on emotion or intuition. While many aspects of the field still rely on human decision-making skills, new technology has allowed companies to make decisions that are driven by data and facts. This is where the field of workforce analytics (also called human resource analytics and people analytics) comes into play.
Organizations looking to optimize their HCM systems have a host of practical necessities to consider — including the overall importance of modern HCM to support their business goals. Research by Korn Ferry found that human capital is 2.33 times more valuable than physical capital, and organizations that improve the discretionary energy of their people see their EBITDA double on average.
An effective HCM is valuable always, but never more than during an emergency. The right HCM streamlines business-as-usual so when business is very far from usual, HR has the bandwidth to adapt. In that sense, the right HRIS is a success lever and a crisis mitigator. Let’s dig into the six ways a good HRIS helps HR teams handle emergencies more effectively.
Farmers & Merchants Bank of Timberville, VA has been serving the banking needs of Northern Virginia since 1908. With 14 branches and almost 200 employees, F&M Bank has been a client of the Employer Solutions practice of Net at Work since 2016 and was a client of Dresser & Associates for several years prior.
The Net at Work Diversity and Inclusion team promotes diversity and inclusion within the workplace. It is our goal to not only promote these values but to influence the company in accomplishing these goals. Diversity, equity, and inclusion go hand-in-hand and through continued conversations and meaningful action to implement and uphold more impactful strategies, it is our aim to create and establish real, lasting change.