With the impact that COVID-19 has had on the business world, Employee retention and attraction seems to be at the forefront of every HR department in the country. The question on every HR professional and every employer's mind is "how do I retain my employees?" Proper employee retention relies heavily on proper employee engagement. Proper employee engagement benefits from a proper, modern, cloud-based payroll solution.
In order to keep employees properly engaged, you need to keep them motivated and make sure that they feel taken care of. One way this can be achieved is by ensuring that you deliver the perfect paycheck, every time, with a modern, cloud-based payroll solution. While accurate and efficient payroll won't prevent employee burnout and other barriers to employee engagement and retention, it is a very strong start.
Organizations need to understand how payroll issues can impact employee engagement and the strong link between accurate payroll and employee engagement. In this symbiotic relationship, there are a lot of potential benefits in regard to the management of human capital. Small and medium-sized businesses need a modern, cloud-based payroll solution that solves problems relating to timely payments, classifications, and work benefits. Ignoring these problems, or not solving them in a timely fashion can cause dissatisfaction among employees, which can lead to performance drops and eventual abandonment.
Your employees rely on their paychecks to help them get through the month, and quite literally, live. So, it’s only natural for them to expect that their paycheck is accurate and sent out in a timely manner, and it is only natural for them to get flustered, anxious, and upset when they don't. Employees will trust their employers better when organizations deliver accurate paychecks in a timely manner. This is why employers need to make sure that they have the right, modern, cloud-based payroll solution in place.
This naturally motivates the employee to do better in their respective area of operations leading to better employee retention rates. The real impact of employee engagement has long-term positive effects on your business.
Today's cloud-based payroll solutions with human capital management and HR tools, help deliver higher paycheck accuracy, which can have a positive impact on employee engagement.
Simply put, proper HCM solutions can improve employee engagement, directly.
Employees are often required to go through complicated processes to access their information. Doing so causes frustration and eventual disengagement. Today, cloud-based payroll systems eliminate this by offering employees easily accessible information that may be accessed from any device.
The average employee now has easy access to all the information he or she needs and more importantly, this information can be accessed from anywhere. As a result, a significant amount of frustration is done away with. The employee now has more time to focus on his/her primary tasks. This is just one of the many benefits of a cloud-based payroll solution, and one of many steps you can take today to improve employee engagement.
Payroll systems with time tracking tools allow employees to know how many exact hours they’ve spent executing their primary tasks. This allows them to attest to the number of hours worked and verify payments, taking the burden off of HR and employee engagement.
Other than that, they’re also likely to follow stricter standards with regard to their own working hours. This is because employees are highly vested in ensuring that they receive due payment for the work done.
If you are an Arizona-based employer, or any employer looking to unlock better employee engagement through payroll, then cloud-based payroll from Inflection HR may be the answer. To see how we are already helping countless businesses achieve greater employee engagement through our payroll solutions, contact us today.