Finclock is an employee management technology that allows you to track your employee's working time, attendance and payroll. It serves the basic purpose of keeping your employees on time and records their work accurately. Finclock is a cloud-based employee management software that automates employee attendance tracking and time sheets. It captures employee time, attendance, and payroll data. With Finclock, you can track time and attendance of your employees. Finclock is a cloud-based employee management system that automates employee attendance tracking and time sheets. It captures employee time, attendance, and payroll data. With Finclock, you can track time and attendance of your employees.
Finclock is an employee management technology that allows you to track your employee's working time, attendance and payroll. It serves the basic purpose of keeping your employees on time and records their work accurately. Finclock is a cloud-based employee management software that automates employee attendance tracking and time sheets. It captures employee time, attendance, and payroll data. With Finclock, you can track time and attendance of your employees.
Finclock is an employee management technology that allows you to track your employee's working time, attendance and payroll. It serves the basic purpose of keeping your employees on time and records their work accurately. Finclock is an online employee management software that allows you to track your employee's working time, attendance and payroll. It serves the basic purpose of keeping your employees on time and records their work accurately. Finclock is an employee management technology that allows you to track your employee's working time, attendance and payroll. It serves the basic purpose of keeping your employees on time and records their work accurately.
Latest technology in HR management
Advances in technology have definitely impacted the way businesses and organizations handle their HR processes. The entry of online employee management software has streamlined and accelerated tedious and repetitive tasks such as searching and reaching out to candidates, evaluating thousands of resumes and applications, onboarding new hires, and evaluating employee performance. With this, HR departments and staff experience a huge increase in terms of productivity and use of attendance software solutions.
Back in the old days, human resource management meant communication was done by both phones, notes, and registered mail. Employee files were inserted into folders and stored in cabinets. Searching for specific information took hours, if not days. The introduction of HR management software changed all that, and for the better.
Recent years have seen new emerging technologies that are poised to revolutionize HR management once again. From moving HR operations to the cloud with cloud HR software solutions to AI helping make smarter hires, here’s how emerging technologies are changing the way businesses do HR.
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Conducting HR Management in the Cloud
There is no denying that cloud-based computing has gone mainstream. The majority of companies and organizations all over the world are either moving their operations to the cloud or have plans of doing so in the near future.
The RightScale 2019 State of the Cloud Report revealed that 84% of global enterprises are implementing multi-cloud strategies. Of the 786 IT professionals interviewed, 94% use cloud to conduct business and perform work-related tasks.
Meanwhile, 64% of the respondents said that moving their business operations to the cloud means significant savings for the company. Fifty-eight percent reported that using the cloud allowed them to take off more workload from their systems, thus allowing them to become more efficient and use their resources for other purposes.
Said findings coincided with the results of the 2019 Industry Trends in HR Technology and Service Delivery. Over 60% of companies surveyed said they enjoyed huge savings after adopting and implementing cloud-based HR solutions along with other cloud technologies.
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Hiring the Best Candidates with AI
Recruitment and talent acquisition used to be costly and time-intensive HR processes.
First, you had to deploy people in the field to conduct recruitment drives and spend a significant amount of money to spread the word that you are hiring. Second, you had to evaluate and filter hundreds, if not thousands, of resumes to create a shortlist of candidates. Then you and your team had to interview qualified applicants and narrow down your list even more.
The recruitment process doesn’t end there. Hence, you can only imagine how much money, time, and resources are dedicated to ensuring that you find and hire the right people. Artificial intelligence, or simply AI, helps you make the best hiring decisions at a fraction of the usual cost.
With AI, you can filter thousands of applications to a shortlist in mere minutes, not hours or days. AI can parse resumes and emails, automatically finding and shortlisting potential candidates that meet your specific attributes and standards. These attributes range from location, academic background, specialization, and years of experience.
There are other things AI can do to enhance the way you perform HR management app. Finding the best candidates is just the start.
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Adopting VR Technology for HR
Virtual reality has been around for decades now but it is quickly becoming an essential tech in various fields, HR management included. In fact, VR technology is poised to shape three areas of HR management, namely: recruitment, onboarding, and training.
In fact, the British Army has incorporated VR technology to its recruitment campaigns. Potential recruits are required to undergo VR simulations of combat scenarios like driving a tank or jumping off an airplane to give them the ‘feel of the job.’ Recruitment applications saw a 66% increase, the British Army reported. Such success is a positive indication of how VR technology can be utilized to attract candidates.
VR technology will see an extensive application in employee onboarding. New employees are immersed in the workplace’s culture, getting them up to speed with the company’s mission and goals in a more dynamic and engaging way.
As VR technology for HR gains more ground, companies will soon adopt SaaS for employee onboarding and say goodbye to monotonous onboarding processes
The biggest area of application as far as VR technology for HR is concerned is employee training and development. Virtual simulations of training concepts and theories allow workers to immerse in a training experience that closely resembles real-world scenarios.
VR-based training is far more efficient and effective. On top of that, it eliminates the element of danger, especially in professions that are conducted in hazardous and potentially fatal environments such as flying an aircraft, operating heavy equipment, or defusing an explosive device.
Retaining the Human Element
Many business leaders argue that the adoption and implementation of these technologies have eliminated what they call the ‘human element’ of the job. But on the contrary, the automation of tedious and time-demanding tasks have allowed for more human-to-human engagement.
Conversations, interviews, and other employee communication app have seen an increase in quality. Old employees and new-hires alike are more engaged than ever. The relationship between management and its workers are stronger because they are built on dependability, speed, transparency, and reliability.
With that, the workplace environment can significantly be improved, especially when everyone is positive and motivated. Retention rate is also high. These technologies don’t remove the human element. Instead, they have eliminated the tedious manual tasks to give way to improving the human experience.