Your business is only as good as your employees. Unhappy, dissatisfied staff leads to lower productivity and potential for a bad business reputation. Your product and services may be solid – even revolutionary – but if no one is excited to spread the word or work for the company who developed it, how can you expect customers to get excited?
Job satisfaction is growing as a demand for job seekers and active employees. Work is about a paycheck and enjoying the workplace and their contributions, not just about security at a company for decades. Companies who value their people get more business and earn more revenue than those companies who have terrible reputations and never make the Best Places to Work lists.
So how can you affect your company culture positively and drive up employee job satisfaction?
How to improve your employee’s job satisfaction with the right human capital management system.
Human capital management systems help businesses by giving them more insight into their employees and processes for how to hire, train, recruit, onboard, and review employees. These systems offer ways for employers to collect important feedback from their staff and gives businesses an opportunity to make corrections and changes that improve culture along the way.
Here’s how to make HCM systems work better for you and your business.
Most HCM systems have the training and continued education processes in place for their employees. Opportunities for learning and betterment make employees feel like their company values them and wants them to be their best selves. It also often gives them a clearer picture of company expectations, as well as a more straightforward path to advancement – both things linked to employee satisfaction.
When a company has an HCM system in place, it allows for better communication throughout the organization. Being organized about human resources and team management is the crux of good human capital management, and this organization can and should lead to better communication about personal and company goals, values, job openings, career paths, and company policies. Employees who understand not just what is happening at the business but why report higher satisfaction than those where HR teams are less communicative and more disorganized.
#Enhanced hiring processes
HCM doesn’t just refer to the internal processes and systems that help define the employee experience, but also the software that helps to support those plans and objectives. Integrated human capital management technology, like ePay, helps to streamline processes.
If an employee is brought in through an applicant tracking software system, HCM technology can help onboard them faster and bring them up to speed. This means that departments aren’t waiting around forever for new hire paperwork, but actually able to get a new team member who they can train and can be contributing. This tends to make everyone (particularly in understaffed spaces) happier and more satisfied with their company. It also makes the new hire happier by moving them through the process more efficiently. A human capital management system that simplifies the processes for everyone in an organization is more likely to help create satisfied people at that organization.
Companies that elicit feedback from their employees more than just during their annual or semi-annual reviews give them the opportunity to have their voices heard, which often results in more employee engagement and higher satisfaction. It also allows companies to make the necessary changes to improve their business. Many HCM software programs have built-in feedback features or prompt that helps you collect information from your staff through surveys, forums, and other measures.
As an employer, one of your main responsibilities is to your employees. An organized, intentional, human-centric HRM system helps to give employees support and purpose and gives HR teams a better sense of what’s working in their attempts to create more satisfied employees for a more successful business.