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Finding The Right HR Tech Solution For Businesses

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by Ashley Walsh, Director of Marketing for Formstack

Human resources management is a key component in any successful business, no matter the size. All companies have fundamental human resources tasks, including payroll, benefits, and taxes. All those tasks can seem overwhelming, but if you have the right human resources technology solution, those tasks suddenly become significantly simpler.

There are many HR tech solutions, but how do you pick which solution is best for your business? Below are four questions to help you decide which HR tech solution is the perfect fit for your department:

1. What does my company’s HR department need?

In order to improve your business, it’s important to consider what your company needs. If you need a tech solution that will assist with multiple human resources tasks — including payroll and benefits, recruiting, hiring, reviewing employee performance, training, and monitoring time and attendance — then you probably need a specific HR software such as a PEO, or professional employment organization. PEOs offer broad HR support and great healthcare rates and benefit packages. Some examples of PEOs include Trinet, Insperity, and XcelHR.

2. How many employees work for my company?

Size is one of the most important factors to consider when deciding on an HR tech solution. For example, if your company is big, a larger software solution is needed to handle the differing needs of your business, such as transactional processes and benefits packages.

On the other hand, if your company has less than 20 employees, the solution can be easier and fairly straightforward. For example, smaller companies can manage PTO requests using forms. Online form building software can be more efficient when submitting PTO request forms to the correct managers for approval. 

3. What are the biggest HR challenges at my company?

In order to find the best solution for your HR tech needs, you must first identify the problems. Some challenges, like managing payroll and benefits, require a solution such as hiring an outside consultant, but sometimes the problems faced by a smaller business can be easily solved.

If your small company is growing, you may find yourself swimming in job applications and hiring requests. Implementing an online form solution can help you easily manage HR data by allowing you to instantly create and submit job applications, hiring request forms, and performance reviews. Online form builders like Formstack can be a great solution, with an easy-to-use drag-and-drop interface and secure data collection.

4. Will this technology work for my business in the long run?

Finally, a basic — yet extremely important — question to ask when choosing HR tech: is this product going to benefit my organization for years to come? In order to get the most out of your HR tech solution, make sure the software reflects up-to-date technology and current trends. If your company is looking to expand, it’s a good idea to limit your search to technology that is scalable for future growth.

 

Ashely Walsh Ashley Walsh has worked in multiple areas of the B2B marketing sector and is currently the Director of Marketing for Formstack, an online form building solution based in Indianapolis.