flevyblog

Flevy Blog is an online business magazine covering Business Strategies, Business Theories, & Business Stories.
MANAGEMENT & LEADERSHIP STRATEGY, MARKETING, SALES OPERATIONS & SUPPLY CHAIN ORGANIZATION & CHANGE IT/MIS Other

Essential Toolkits for HR Professionals

Editor's Note: Take a look at our featured best practice, Fiaccabrino Selection Process (44-slide PowerPoint presentation). The Fiaccabrino Selection Process is a powerful methodology for interviewing and screening the best people for your organization. The objective is to select those people who will be the highest performers with the lowest turnover. (Whereas the methodology was originally developed for a sales [read more]

Also, if you are interested in becoming an expert on Human Resource Management (HRM), take a look at Flevy's Human Resource Management (HRM) Frameworks offering here. This is a curated collection of best practice frameworks based on the thought leadership of leading consulting firms, academics, and recognized subject matter experts. By learning and applying these concepts, you can you stay ahead of the curve. Full details here.

* * * *

Technology is making the work of HR professionals easier by the minute. Reporting tools allow them to measure performance down to the last metric. Management tools allow people to track work in progress even when they’re not on the premises. More automation means less time working on repetitive tasks. This has made today HR workers more efficient than ever. Let’s take a look at some of the top tools for HR professionals.

Human Resource Management System

Businesses nowadays have a huge amount of data they have to deal with, and one of the most common ways to organise this data is by using a human resource management system. A good human resource management system will allow you to store, track, and compile employee data fast and easily.

Depending on the business, you could either use a software as a service solution that will allow you to pay per month and get the most up to date version of the software without buying the next version. Or, you could opt for a license. Either way, these are some of the most important tools for any HR professional, as it gives them quick access to things like schedules, attendance records, and various information on employees.

You also have human resource information systems (HRIS), which focus more on the data aspect. These will often have additional analytics tools to measure various metrics and can help with things like audits for instance.

Performance Solutions

Human resources are also in charge of monitoring performance, and there’s not much space for guesswork these days. Reporting tools are becoming better than ever and allow HR professionals to monitor day to day performance of departments and employees.

Performance evaluations should be more than just annual or bi-annual meetings between employees and supervisors. The objectives touched upon in these meetings should be followed through and evaluated.

Performance reporting tools are added to management systems like ADP for instance. They allow HR to track evaluations, add notes and feedback on employees, and help employees and administrators better keep up on evaluations and meet objectives.

Online Learning Tools

Online learning is one of the best ways for HR professionals to brush up on their knowledge or seek advancement. HR professionals can now get a master of human resource management online and move to become heads of a human resource department. They will also get all the tools needed to become better recruiters, learn how to adapt to the new realities of the workforce, and use the most recent tech tools to help in their tasks.

Recruiting Software

The type of recruiting software you use will have a direct impact on how fast and well you can find employees to fill positions. The goal of recruiting software is to streamline the whole process as much as possible.

A good recruiting software will allow you to reduce the amount of manual tasks you have to perform every day, such as looking up applications so you can accept or reject them, manage candidates, or automatically post job ads.

Small business owners however should be careful when implementing one of these solutions. First of all, they should pay special attention to how these are priced and what kind of features they have. Not all are suited for small businesses, and some may have features that will only benefit larger companies. In some cases, smaller companies would benefit more from using a lighter tool with fewer capabilities that will be able to handle all the essentials.

Payroll Service

Payroll is one of the functions that is a central part of all organisations. Thankfully, there are plenty of tools available to make sure that your payroll operates optimally. Investing in a good payroll software solution will make things easier for you and your bookkeeper. It will help them stay on top of bonuses and any exemptions. You’ll be able to keep track of deductions, vacation pay, and more. Some will allow you to automatically pay all of your payroll tax and report new employees directly to the taxation office. This kind of tool can be invaluable if you want to remain compliant and make sure that there are no payroll issues affecting your employees.

Benefits Management Platform

While a good payroll service will be able to take care of some benefits for you, it would be a good idea to also invest in a benefits management platform that will allow you to take care of certain benefits, such as paid leave, retirement benefits, workers’ compensation, and more.

Outsourcing benefits management could also be a good decision depending on your situation. For example, it may put you on par with some of the biggest companies in your sector and allow you to focus on what you do best.

Employee Engagement Tools

Employee morale is one of the most important things you should keep an eye on if you want a productive workforce. But it can be a very elusive metric and one that can’t be measured only through questionnaires. Employee engagement tools allow you to constantly work on improving morale and your workplace in general.

Some tools even allow workers to anonymously reward workers they feel are doing a good job. This allows you to identify which workers are the most esteemed by their peers and reward them accordingly.

This could also help with promotions – not only will it allow you to see which ones are performing their jobs the best, but you will be able to recruit people who have the respect of other employees. This will insure that promotions are as fair as possible and also make sure that employees work for people they actually have respect for, which can work wonders for any company’s morale.

As a HR professional, you will need to understand and master these tools if you want to be as efficient as possible. Make sure that you always stay informed on the most recent changes and tools, and don’t be afraid to make some recommendations if you feel some tools could help you or your department work better.

26-slide PowerPoint presentation
Job Leveling is a disciplined approach to gauge the value of work for individual positions across the organization. It entails ascertaining the nature of work done by each position, authority levels, and the effect of each job on business results. Jobs that are configured inadequately bread [read more]

Want to Achieve Excellence in Human Resource Management (HRM)?

Gain the knowledge and develop the expertise to become an expert in Human Resource Management (HRM). Our frameworks are based on the thought leadership of leading consulting firms, academics, and recognized subject matter experts. Click here for full details.

The purpose of Human Resources (HR) is to ensure our organization achieves success through our people. Without the right people in place—at all levels of the organization—we will never be able to execute our Strategy effectively.

This begs the question: Does your organization view HR as a support function or a strategic one? Research shows leading organizations leverage HR as a strategic function, one that both supports and drives the organization's Strategy. In fact, having strong HRM capabilities is a source of Competitive Advantage.

This has never been more true than right now in the Digital Age, as organizations must compete for specialized talent to drive forward their Digital Transformation Strategies. Beyond just hiring and selection, HR also plays the critical role in retaining talent—by keeping people engaged, motivated, and happy.

Learn about our Human Resource Management (HRM) Best Practice Frameworks here.

Readers of This Article Are Interested in These Resources


230-slide PowerPoint presentation
Curated by McKinsey-trained Executives Unlocking Business Excellence: The McKinsey Talent-to-Value Framework Toolkit In the dynamic world of modern business, staying ahead of the competition means maximizing the potential of your most critical asset – your people. The **McKinsey [read more]


 
101-slide PowerPoint presentation
 
 
27-slide PowerPoint presentation

About Shane Avron

Shane Avron is a freelance writer, specializing in business, general management, enterprise software, and digital technologies. In addition to Flevy, Shane's articles have appeared in Huffington Post, Forbes Magazine, among other business journals.


Complimentary Business Training Guides


Many companies develop robust strategies, but struggle with operationalizing their strategies into implementable steps. This presentation from flevy introduces 12 powerful business frameworks spanning both Strategy Development and Strategy Execution. [Learn more]

  This 48-page whitepaper, authored by consultancy Envisioning, provides the frameworks, tools, and insights needed to manage serious Change—under the backdrop of the business lifecycle. These lifecycle stages are each marked by distinct attributes, challenges, and behaviors. [Learn more]

We've developed a very comprehensive collection of Strategy & Transformation PowerPoint templates for you to use in your own business presentations, spanning topics from Growth Strategy to Brand Development to Innovation to Customer Experience to Strategic Management. [Learn more]

  We have compiled a collection of 10 Lean Six Sigma templates (Excel) and Operational Excellence guides (PowerPoint) by a multitude of LSS experts. These tools cover topics including 8 Disciplines (8D), 5 Why's, 7 Wastes, Value Stream Mapping (VSM), and DMAIC. [Learn more]
Recent Articles by Corporate Function

  

  

  

  

  

The Flevy Business Blog (https://flevy.com/blog) is a leading source of information on business strategies, business theories, and business stories. Most of our articles are authored by management consultants and industry executives with over 20 years of experience.

Flevy (https://flevy.com) is the marketplace for business best practices, such as management frameworks, presentation templates, and financial models. Our best practice documents are of the same caliber as those produced by top-tier consulting firms (like McKinsey, Bain, Accenture, BCG, and Deloitte) and used by Fortune 100 organizations. Learn more about Flevy here.
  


OUR CORE OFFERINGS
Flevy Marketplace: Top 100
· Strategy & Transformation
· Digital Transformation
· Operational Excellence
· Organization & Change
· Financial Models
· Consulting Frameworks
· PowerPoint Templates
FlevyPro (Subscription Service)
KPI Library
Streams (Functional Bundles)
Flevy Executive Learning (FEL)
PowerPoint Services

FREE Resources

About Flevy
Management Topics
Marcus (AI-Powered Consultant)
Partner Program
LinkedIn Influencer Marketing
FAQ / Terms / Privacy / Blog
Contact Us: support@flevy.com



CONNECT WITH US!
       
TOP 100 TRENDING TOPICS
Acquisition Strategy
Agile
Analytics
Artificial Intelligence
Balanced Scorecard
Best Practices
Big Data
Breakout Strategy
Business Continuity Planning
Business Plan Financial Model
Business Transformation
CMMI
COBIT
Change Management
Cloud
Communications Strategy
Company Financial Model
Competitive Advantage
Competitive Analysis
Consulting Frameworks
Continuous Improvement
Core Competencies
Corporate Culture
Cost Reduction Assessment
Customer Experience

BROWSE BY FUNCTION
Strategy, Transformation, & Innovation
Digital Transformation
Operational Excellence and LSS
Organization, Change, & HR
Management Consulting

Customer Journey
Customer Service
Cyber Security
Data Privacy
Decision Making
Digital Marketing Strategy
Digital Transformation
Digital Transformation Strategy
Due Diligence
ESG
Employee Engagement
Employee Training
Enterprise Architecture
Growth Strategy
HR Strategy
Hiring
Hoshin Kanri
ISO 27001
ITIL
Information Technology
Innovation Management
Integrated Financial Model
Kaizen
Kanban
Key Performance Indicators

ADDITIONAL RESOURCES
Business Strategy Frameworks
Case Studies
Consulting Training Guides
COVID-19 Trend Data
Digital Transformation
Financial Advising Services (FAS)

Knowledge Management
Leadership
Lean
Lean Manufacturing
Logistics
M&A (Mergers & Acquisitions)
Manufacturing
Market Research
Marketing Plan Development
Maturity Model
McKinsey PowerPoint
McKinsey Templates
Operational Excellence
Organizational Change
Organizational Design
Performance Management
Post-merger Integration
Pricing Strategy
Process Improvement
Process Maps
Procurement Strategy
Product Launch Strategy
Product Strategy
Project Management
Quality Management


Free Resources
KPI Library
Lean Management
Lean Six Sigma Training Guides
Marcus Insights
Operational Excellence

Real Estate
Remote Work
Restructuring
Risk Management
Robotic Process Automation
SWOT
SaaS
Sales
Scrum
Service Design
Six Sigma Project
Social Media Strategy
Strategic Planning
Strategic Thinking
Strategy Development
Supply Chain Analysis
Sustainability
Target Operating Model
Team Management
Total Productive Maintenance
Value Chain Analysis
Value Creation
Value Stream Mapping
Visual Workplace
Workplace Safety


Product Strategy
Small Business Owner
Startup Resources
Strategic Planning
Strategic Planning Process
Value Innovation Strategy


© 2012-2024 Copyright. Flevy LLC. All Rights Reserved.