In today’s fast-paced and increasingly digital landscape, managing a dynamic and often dispersed workforce has become more complex than ever. From talent acquisition and onboarding to performance management and compliance, the responsibilities of human resources (HR) teams continue to grow—often without a corresponding increase in resources. As a result, companies are increasingly turning to technology to help manage their workforce, streamline HR processes, and empower their HR teams to focus on what matters most: their people.
Here are a few ways a cloud-based enterprise resource planning (ERP) platform like NetSuite can help:
- Automate HR processes and free up employees to focus on more strategic work.
- Offer talent management features that improve employee engagement and retention through better performance reviews and development planning.
- Provide integrated workforce planning functionalities to optimize staffing levels and proactively address potential gaps.
- Improve collaboration with a secure ERP platform that’s vastly more secure and reliable than sharing messages and sensitive HR documents via email.
These are just some of the ways NetSuite helps companies manage their workforce and provide a better experience for their employees. NetSuite also empowers employees with self-service functions that reduce administrative burdens on HR staff by allowing individuals to manage their own information. This efficiency gain can improve overall productivity and help companies best leverage their existing workforces in this tight labor market.
Solving the Employee Retention Puzzle
Human resources executives lead busy teams that are tasked with recruiting, hiring, training and retaining employees and managers. These responsibilities are both important and time-consuming, particularly when some or all of the work is handled manually, on spreadsheets and/or using disparate software systems that don’t share data with each other.
“It forces HR professionals to spend valuable hours on repetitive administrative tasks,” says Drew Preiner, VP of sales at Vursor, “instead of focusing on strategic initiatives like talent acquisition and employee engagement, which are crucial for attracting and keeping skilled workers.”
NetSuite comes standard with numerous HR-focused capabilities and also integrates well with standalone human resource management systems that a company may already have in place (or, that it may want to use to complement NetSuite’s native features and functionalities).
The SuitePeople HR management solution provides a suite of capabilities that make HR service delivery easier and more efficient for everyone across the organization. Using a single tool to manage human resources, payroll and financials, organizations can eliminate disparate third-party integrations, improve data accuracy, create a more engaging workforce experience and make better-informed decisions to tightly align workforce performance with business performance.
With HR, payroll and financial data in a single place, companies can:
- Empower employees and managers to securely accomplish common HR tasks, like changing addresses, initiating promotions or viewing time-off balances, at any time.
- Connect employees to their work with active goal setting. Recognize, review and reward achievements to increase engagement and productivity.
- Reduce the cost of running payroll. Run payroll in minutes without importing or manipulating third-party files, and post to a general ledger in real time.
- Improve workforce performance and conduct more engaging performance reviews with built-in performance metrics based on accurate ERP data.
- Automate HR processes to reduce administrative time spent on common tasks and easily route information for approvals.
- Use dashboards to monitor key performance indicators (KPIs) and access controls to ensure only proper changes are made, by the right people with the right permissions.
SuitePeople’s Payroll module also provides efficient end-to-end payroll processing and management for U.S. workers. The full-service solution is kept up-to-date with payroll calculation changes, is compliant in all U.S. states and local jurisdictions, and automatically files payroll taxes. Real-time posting to the general ledger keeps accounts in balance, financial reports accurate and companies in control of their payroll expenses.
NetSuite: Your Strategic Workforce Management Advantage
A module within NetSuite's SuitePeople Human Capital Management (HCM) suite, NetSuite Workforce Management provides a centralized platform to efficiently manage employee schedules, track time and attendance accurately, automate wage calculations, and gain valuable insights into labor costs and productivity—all of which help organizations optimize their workforce and improve their bottom lines.
With NetSuite Workforce Management in place, companies can:
- Optimize staffing levels. Use sales and production data to build labor models and see exactly where shifts need to be added or adjusted to ensure the right staffing levels.
- Reduce compliance risks. Lower compliance risks with a solution that manages and automates the calculation of hours and overtime and files payroll taxes, all within one unified system.
- Maintain timecard accuracy and eliminate “buddy clocking.” Employees can clock in and out on a range of devices, with optional fingerprint or photo identification providing additional verification.
- Save money. Reduce the costs associated with using multiple technology solutions, spreadsheets and outside services to manage a growing workforce.
- Improve operational efficiency. Streamline routine tasks like scheduling, time collection, approving timesheets and running payroll.
- Take the guesswork out of scheduling. Visual shift scheduling capabilities allow managers to easily see if they are under- or over-staffing before it impacts people, production and/or customer satisfaction.
NetSuite clearly offers a powerful and integrated way to address the complexities of workforce management, but the most successful implementations go beyond simply installing software. Engaging with a reliable, experienced implementation partner like Vursor ensures a smooth deployment, proper configuration tailored to your organization’s specific needs, comprehensive training for your team, and ongoing support to help you maximize your ROI.
Contact us today.