Employee engagement isn’t just a trending topic in HR, it’s proven to have a significant impact on operations and employee retention. Studies have shown that positive employee engagement affects productivity by as much as 17%, and profitability by as much as 21%. Companies are recognizing this and implementing technology with features and services that bolster engagement, starting with onboarding software.
The demand for companies to retain top talent is escalating. And, yet, companies often spend very little time in onboarding new hires. In a recently published survey of HR managers by job site CareerBuilder, 16% said poor or non-existent onboarding lowers their company’s productivity, 14% said it brings on greater inefficiencies, and 12% said it leads to higher employee turnover. Another report by the Harvard Business Review notes that 32% of global executives rate the employee onboarding they experienced as poor and replacing each failed executive can cost a business up to 213% of his or her salary.
Modern businesses are driven by analytics and the right course of action is often determined by the data and statistics available. Human resources is no different.
In this blog, we'll discuss nine surprising HR stats that you need to know and how each of them can be used to improve your company.
The whole purpose of a HR department is quite easy to define: it’s all about bringing the right employees into the company and helping them grow. In between the moment of employment and the process of growth, there’s an important stage, onboarding... and for some recent college graduates, they are joining a company for the first time.
When it comes to business bookkeeping and payroll, QuickBooks by Intuit is the king of the hill with over 2.2 million active subscribers. For decades, small businesses have relied upon QuickBooks to accurately track their company's expenses, record income and pay employees.
Today, we're proud to announce that HR Cloud's Onboard now integrates with QuickBooks Online.
By connecting these two platforms, users will be able to easily transfer critical employee information attained in the onboarding process to their QuickBooks accounts — eliminating the need for tedious manual data entry and ensuring accuracy!
If your company is anything like ours, you probably use a multitude of different apps to run your business everyday. This is what's known as the best-of-breed (BoB) trend — organizations using various pieces of software, each designed to fill a specific business need.
At HR Cloud, we're big proponents of the BoB approach. And when it comes to human resources, we believe you should never have to choose between a great software solution and the other apps you already know and love.
That's why we developed and environment where all of your favorite HR Tech can work together! When you invest in HR Cloud, you're not just investing in the best Onboarding software on the market, but a complete digital ecosystem that includes communication, payroll, applicant recruiting and more through our growing list of possible integrations. Intrigued?