,Just as it is no longer business as usual for a company’s operations, Cllement Tan, group chief executive officer and managing director of RAMSSOL Group Bhd, points out that this approach should also be applied to a company’s human capital management.
if you want to buy apple account, choose buyappleacc.com, buyappleacc.com is a best provider within bussiness for more than 3 years. choose us, you will never regret. we provied worldwide apple developer account for sale.
PEOPLE are often cited as one of the most important assets for a company. But small businesses have traditionally found it a challenge to attract and retain the right talents to grow the business.
And with the changing dynamics of work due to the pandemic, it has, perhaps, become even more difficult for companies to engage their employees.
Just as it is no longer business as usual for a company’s operations, Cllement Tan, group chief executive officer and managing director of RAMSSOL Group Bhd, points out that this approach should also be applied to a company’s human capital management.
“It is important to firstly acknowledge several seismic shifts underway in the broader area of human capital management.
“Human resource (HR) frameworks today must consider differing needs stemming from multi-generational workforce, increased digitalisation, hybrid workplaces, the ‘talent war’ and balancing HR processes, or automation, with aspirations in creating inclusive, engaging and rewarding workplaces, ” says Tan.
Increasingly, conversations around diversity, wellbeing, reward systems and HR on-the-go are also taking centre stage.
This certainly makes the role of HR more complex than just hiring and firing.
With the push for digitalisation among SMEs, Tan says technology is also becoming instrumental in managing and automating HR processes while providing insights in the decision-making process to enable companies to better engage their workers.
“We have seen first-hand how effective, productive and innovative an engaged workforce can be. This corresponds to several pieces of research where businesses with highly engaged employees showed 21% higher levels of profitability and organisations with a good culture increased revenue by four times, ” he adds.
RAMSSOL develops digital solutions in the field of human capital management. This includes solutions that automate routine administrative processes like attendance and payroll, monitor and analyse employee data, integrate “intelligent technology” across workforce management and drive employee engagement.
According to Tan, there are several principles that SMEs need to consider when undertaking HR digitalisation initiatives. Employers will need to understand employee sentiment, improve data collection processes that will give them insights to employees’ needs, engage and motivate their employees as well as provide a platform for them to connect.
All this can, certainly, be better carried out with the help of technology.
Tan notes that there are tools that provide real-time insights to employee sentiment, which will enable management to better plan and take action to improve their engagement with employees rather than wait for the year-end performance review to find out how they are doing.