Is Cloud-Based HR The Way of the Future?
Today more than ever, businesses turning to cloud technology to operations they once had onsite servers for. The cloud is now filling a wide range of applications in businesses of all sizes to store company records and sensitive HR information on employees.
The realm of cloud technology offers a newfound flexibility and increased efficiency in handling HR functions such as recruitment, compensation, training, tax information and specific payroll functions for employees. The cloud offers speed and efficiency where it may have taken far more man hours before.
Greater Cost Efficiencies
HR departments and company decision makers can access and have the ability to reduce both time and effort to perform tasks that were done manually before. With cloud computing, tasks that might have taken days to assemble can now be done in just a matter of minutes via the cloud.
Cloud payroll solutions can easily be calculated and applied. Tax information and collection, incentives and bonuses and other procedures usually performed by HR can be done faster and more efficiently than ever before.
Access from Anywhere
Company information that is stored on the cloud can also be accessed from anywhere on the planet. Whether a manager is on a laptop waiting for a flight, or in a meeting with a smartphone or tablet the information is available at the touch of a button.
Even if a company has offices in multiple locations around the world, the information is constantly accessible by authorized employees and managers. It can also be updated anywhere at any time 24 hours a day.
Cloud Technology Keeps Compliance Current
Human Resource professionals have access to a large amount of worker’s personal information that can be exploited by others. Clou based solutions are maintained by professional vendors and security measures are put into place in order to ensure that only those authorized to view such information have access to it. Vendor supported HR applications are constantly updated so that they stay compliant with the latest guidelines and labor laws set forth by lawmakers.
Increase in Company Efficiency
Cloud technology offers a cost-effective way for HR professionals to increase efficiency and can automate tasks that once took far longer to perform. Cloud access can also help eliminate potential errors as well as a large amount unnecessary or redundant paperwork.
An added benefit of cloud computing is that the data on the cloud is safe if the business were to ever be involved in a catastrophic event. In the past, things such as natural disasters or fires might have meant data loss through destruction or significant downtimes in order to get company backup systems up and running again.
If you have been considering utilizing cloud technologies to help you with your HR needs, it can be confusing to determine what your small to medium company needs. At EinsteinHR we have experience with the latest cloud technologies, applications, and vendors and can assist you in not only making the right choice, also to help you manage all of your HR needs. Contact us today for a free consultation at 770-962-1700 and find out how we can help.