HR department has been comparatively slow in adopting new tools and technologies, but nowadays, they are gradually opening up to the endless possibilities of technology. Development in the area of reward and benefits can bring out fruitful results for businesses
Fremont, CA: Technology innovation is continuously taking place across the globe to cater to the needs of industries. In this tech-driven world, employers are leaning towards technologies to enhance employee experience. HR department has been comparatively slow in adopting new tools and technologies, but nowadays, they are gradually opening up to the endless possibilities of technology. Development in the area of reward and benefits can bring out fruitful results for businesses.
Here, we are highlighting few reasons why HR should start investing in reward and recognition tools:
According to a recent report by MetLife, 58 percent of employees want benefits that can meet their individual needs, while 48 percent want a platform that can adapt to family structure. This survey report makes it evident that HR should address benefits plan with the new 'Netflix-style' approach, which is to establish a benefits plan that lets workers the opportunity to choose and pick their perks. Plenty of tools can be found in the market that offers online portal access to employees in which they can select their own benefits from time to time.
The ongoing trend of freelancing and remote working makes it essential for HR to be more diligent when it comes to protocol- in this case, benefits plan. Businesses can invest in a durable HRIS that comes with additional features to ensure none of the employees are overlooked. HR needs to be extra careful while establishing employees' rewards and benefits plan, for any errors can lead to lawsuits against companies.
Technology, communications technology, in particular, has transformed the virtual healthcare benefit for employees. Platforms offer employees "virtual visits" to medical professionals across the world- not only does this reduce health-related absenteeism, but it also provides support to workers who have serious health concerns.
Check out: Top Employee Recognition Solution Companies