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Why Paperless Companies Are More Efficient

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The business world is embracing the cloud, and all it has to offer. Cloud technology is becoming more and more intuitive, and users are becoming cloud savvy. Migrating technology to cloud systems has also become much simpler for companies to accomplish! The benefits of cloud-based collaboration tools are considerable, and the cost savings of making this transition are great! 85% of businesses already utilize cloud technology, and as a result, approximately 66% outperform their competitors. Those are compelling statistics.

Paperless companies are more efficient, and have several advantages over companies that operate with a paper system.  There are too many reasons to go paperless and digital over paper, but here are a few important reasons to with an online HR Management software system.

When onboarding new employees, documents will never be missed and always filled out, time and attendance issues will be no longer an issue, days off requests will be approved by managers before employee is granted the day off, HR system can talk to payroll easily, etc.

If you can achieve migrating your HR to a paperless system, the advantages will not only lead to a greener business, but will make your company more attractive to customers. The instant accessibility of digital documents offers a huge advantage, when you have the ability to remotely access information anytime, anywhere. This allows more time for business development.

Going digital requires having a document management system in place, that would ultimately manage workflow, receive and secure documentation from any source, and store and retrieve documents. Companies can easily update and exchange information via the cloud, saving a tremendous amount of time, and money. All Information and documentation can be digitally stored—with security and efficiency. It has become very easy for companies to back up critical information. This information can also be protected remotely via the cloud or an off-site hard drive.

We live in a hyper-connected age. Paperless processes help prevent a delay in transaction, which could result in a delay in revenue. Clients will typically reward you with more business when they know they are dealing with an efficient operation. The advantages of having a paperless HR operation cannot be ignored. Simply put, you are enhancing your company’s ability to succeed in both the short and long-term. Don’t risk being left behind!

5 Reasons Spreadsheets Can’t Replace an HCM

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Many HR admins and managers rely on spreadsheets to help them record key skill and talent-related employee data. It may be sufficient enough when you are managing a small number of employees or want to work with a very specific set of data. However, using spreadsheets once the your organization starts to grow and staff numbers increase isn’t going to work long-term.

The resources associated with tasks such as approving time off, changing demographic information and managing performance evaluation becomes very quickly. Before too long, there comes a point the HR team will need to look at other solutions – such as Human Capital Management software – to help reduce time and resources and process tasks more efficiently.

5 Reasons it’s Time for Your HR to Move Away from the Spreadsheets

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HR Technology – Looking To The Future

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Working with HR technology has never been more exciting. The HR landscape is evolving, as is the technology that supports it. It is empowering to provide businesses with the tools that can help manage the people side of their organization. Technological innovations have created the opportunity for HR departments to generate a far greater impact than ever before. HR technology trends in 2017 are creating unparalleled tools for achieving stronger cohesion and communication. In addition, they will undoubtedly attract millennial workers, while also maintaining familiarity with the older generation.

The advent of computers and the Internet has had a tremendous impact on the world, so it is no surprise that many business owners are embracing HR technology to benefit all facets of their businesses.

HR automation technology eliminates paperwork, manages compliance, onboards new hires, tracks vacation hours, tracks PTO, Applicant tracking, document signing, annual reviews, terminations, benefits communication, documentation management, and list goes on.

Every Company can Benefit from a Solid HR Technology Platform

It’s critical for even the smallest companies to make sense of all their data so they may thrive in a competitive market. Prior to the internet, HR recruiters had to rely on print publications to post jobs and find qualified candidates. Technology has revolutionized and globalized the way in which we find these qualified candidates.

In terms of training, there couldn’t be a more efficient manner to bring staff members up to speed. The ability for large numbers of employees to gain quick access to company information and training programs from remote locations has enormous benefits.

Electronic imaging has made it feasible for companies to retrieve and store files in electronic format. HR technology makes it easy to simply print any necessary forms that an employee may need from a central digital library.

Increased performance management is yet another byproduct of technological improvement. With the use of metrics, companies can ensure that employees are meeting performance standards; based on these metrics, employers can either implement additional training, or transition the employee out of their position.

With all of these developments, business leaders would be wise to understand these technology trends that will shape the year ahead, and far beyond. As a result, companies are vastly improving their strategic recruiting, performance management, employee development, social networking, and internal employee communications – all vital business issues.

This is a very compelling time to be in business, especially with all of the technological options available to business owners – and they will continue to get more and more innovative!

Recruiting Made Easier with CorpStrat®

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Hiring qualified, top-level candidates takes much longer than many organizations would like it to, especially with the population of job posting boards on the internet – how do you manage your time? As your company grows, your recruiting overhead increases alongside it. How do growing organizations keep these costs in check?

With CorpStrat® HR, you can collect data that will help you understand the applicant landscape and make more efficient hiring decisions. Here’s how:

Simplified Job Posting

Save time you used to spend posting to job boards and make the most of your day. CorpStrat® HR creates an out-of-the-box application portal which can be connected to hundreds of job posting sites, allowing your recruiters to attract as many candidates as possible!

Ziprecruiter Boost

Along with our many job board integrations, a new connection with Ziprecruiter Boost allows recruiters to reach potential applicants’ inboxes through Ziprecruiter’s job alert email notifications. Get applicants who aren’t actively looking!

Digital Applicant Interviews

In the era of ‘1-click apply!’ your recruiters can be hit with a tidal wave of unqualified applicants. Keyword-based application filtering can mean that you miss out on qualified candidates who did apply for the position, that you didn’t see.

Digital interviewing allows recruiters and hiring managers to ask more in-depth questions about the applicant’s background and know-how, without the time required to perform a phone screen.

Applicant Referral Tracking

With time, your hiring decisions and applicant screening will provide insight into what job posting platforms are the most successful for your organization, and how you best reach qualified applicants. With this information, you can focus your recruiting efforts in the direction that brings you the highest success rate, saving your recruiting and hiring teams even more time, and reducing job posting costs!

Built-In Background Checks

If you are hiring for a position that requires handling sensitive data or working with vulnerable populations, a background check is a great way to get insight about a candidate’s history and risk level. Our partnership with Aurico Reports means that background checks are simple to carry out, and fully integrated with your applicants’ data.

Simple Email Templates

When you find the right candidate, you want to make a good first impression! With CorpStrat® HR’s email templates, recruiters can send informative, branded template emails that look great and save everyone the work of copying over a form letter.

If your organization is struggling to keep up with the investment involved in making smart hires, call us today. We’ll set you up with a demo that answers your questions about how to equip your business to recruit and manage your employees the 21st century way!

How can HR Technology Streamline ACA Reporting?

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In past posts, we have discussed the value of a fully-integrated HRMS system for evaluating performance evaluations and hiring decisions. This value can also extend to your ACA reporting to the IRS, by reducing the amount of time you need to invest both ensuring year-round ACA compliance, and compiling employee data for year-end reporting.

Your HRMS dashboard can be configured to give you information on employees who are eligible for benefits, or may soon become available based on measurement period data, so that management can quickly make informed benefits and budgeting decisions.

How it Works

Employee Onboarding

ACA Reporting relies on a lot of basic employee information, including Taxpayer Identification Number (TIN). A properly secured and designed HRMS allows employee enrollment data to be cross-referenced by your payroll, legal, and ACA reporting HR systems, and can warn you of any potential TIN mismatch errors before you risk an IRS penalty.

Significant Life Events

Eligibility periods for significant life events can be small, and a major headache if an employee finds out too late that an election period has expired. Organizations can make use of their HRMS to communicate eligibility for insurance adjustment, as well as election deadlines to enroll or remove a spouse or child from benefits coverage.

Measurement and Stability Periods

If you have employees who work an average of 30 hours per week, these are variable hour employees – and their health benefits eligibility can be complicated. In order to reduce the overhead involved in hourly employee health benefits management, your HRMS can calculate any employees’ average hours worked per week, to determine their ACA eligibility during your Measurement Period, and track their eligibility though a Stability Period.

When further integrated with CorpStrat® Payroll, CorpStrat® HR simplifies the process. By allowing employees to enroll into the system online, CorpStrat HR can track employees through their stability period to ensure that deductions are made accurately and on-time.

Your CorpStrat® Account Manager will help you configure these data dependencies by understanding your organizations’ individual needs and capabilities, and provide the information that empowers your employees, HR department, and management teams to make the most informed benefits decisions.

Ask us how you can spend less time on ACA reporting and more time on growing your business. Contact us today, or learn more about CorpStrat® HR and CorpStrat® Payroll.

The Right ACA Reporting Tool For Your Business

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ACA Reporting season is upon us, and many business owners are still struggling to understand their reporting responsibilities, and make the reporting process efficient and low-cost. Unfortunately, many find out too late that they don’t have the right plan or information to correctly file ACA reports with the IRS.

If you don’t know where to start…

Wouldn’t know a TIN if it walked right up and pinched you? When are ACA reports due? How do you store ACA reporting data? If you’re a small business owner who didn’t sign up for all of this red tape, an HR audit may be in order. An HR professional can review your business for potential compliance problems and risk exposures, and evaluate the best way for you to go forward with your ACA reporting in 2017. [Read more…] about The Right ACA Reporting Tool For Your Business