Published on 12 Jul 2022
Twenty years ago, businesses couldn’t even imagine allowing their employees to work remotely – in fact, it was only fairly recently and in a select few industries where this was beginning to be accepted. Many managers across various industries generally believed that working from home prevented proper monitoring, and there were simply too many distractions for workers to get their work done – a lack of decorum and environment, therefore, would be a disaster for productivity. However, the modern workforce is rapidly changing and, remote work increasingly became, quite simply, inevitable. Global leaders then needed solutions, so they turned to global HR technology and new HR strategies that support this new way of working.
Businesses, small and large, have now shifted to remote working permanently or are at least considering it. In this in-depth article, we will discuss the benefits of having a remote workforce and how global HR technology functions as a significant role in remote work management.
Benefits of a remote workforce
A survey by Owl Labs found that 50% of those interviewed were more likely to choose to work for a company that offered remote work after the pandemic. More than 24% of U.S workers say that they are willing to take a 10-20% pay cut, and 21% of them will voluntarily give up a portion of their vacation time in exchange for a remote working arrangement.
While the statistics clearly show the inclination towards remote working, the key benefits of a remote workforce must be reiterated. A remote working arrangement can help employees maintain a healthy work-life balance as they now have more flexibility and won’t have to lose a substantial amount of time being in commute. All ultimately leaves employees more happy, engaged, and satisfied with work.
Similarly, on the business end, a study by Stanford claims that worker productivity actually increased by 22% when working remotely. Businesses will also open up doors and gain access to global talent while saving the funds previously allocated to renting/buying/maintaining a physical space and travel allowances.
So, the future of HR is managing a remote workforce.
Functions of Global HR Technology
Now, how do you manage a remote workforce?
This turbulent task is the responsibility of the modern HR leaders and they require robust and reliable global HR technology. In order to be good at people management remotely, the modern HR structure needs to focus on the following functions:
Recruiting, hiring and onboarding remote talent
Previously, candidates used to dress up in a suit and tie and travel long commutes to get to their interview. Now, all there is to do is click a link and connect via video as soon as their interview is scheduled – and more often than not, they are in casual attire.
While it’s easier for candidates to interview, is it easy for HR?
The modern HR professionals require a strategic approach to scheduling interviews, moving candidates through the hiring process, and interviewing them.
In order to do so, they need a reliable one-stop global HR technology that helps them send out invitations to interview, manage feedback from top executives, and then conduct interviews and record responses.
Likewise, they also need a proper system to handle the onboarding process, disperse relevant information to employees, and collect and record important information.
Managing payroll and benefits
Ineffective people management or problems in providing pay and benefits in a timely manner can cause deterioration in employee motivation and productivity – and profitability.
Therefore, it is essential to have a system that manages payroll- properly calculates salary, benefits, and any allowances automatically and generates pay slips so employees can have all the financial information they need on file.
The system also needs to calculate unpaid leaves and PTO to ensure employees receive the right amount at the end of the month and all of their documentation requests are catered to.
This is perhaps one of the most challenging aspects of remote workforce management. Ensuring your employees are staying focused and productive at home can be a tricky task. With distractions left and right, employees have a higher tendency to slack off and delay work progress. However, there are workforce management solutions available for employers to implement to monitor employee productivity. Popular solutions provide a way for employees to log in/out and for HR to monitor hours easily.
Managing communication and collaboration
It’s also vital for HR to be able to communicate with employees easily and vice versa. Some HR solutions offer an instant messaging platform and an email management system to immediately send messages to the whole team. Effective communication is a must within and between departments, which applies even more so in larger corporations.
Excellent global HR technology makes HR departments more responsive and responsible while also helping the department maintain a professional virtual environment within the organization. Therefore, it is essential for HR to future-proof the company by adopting a futuristic HR solution.