When it comes to choosing the right solutions for your HR team, getting it right can be challenging. There are so many different HR systems, from payroll to pension platforms, internal communications hubs, to time-logging software. Even within each element of HR, there’s so much choice – with holistic solutions that cover all the bells and whistles for niche HR requirements, and those that offer simpler, more focused coverage for smaller, nimble teams.
Adorning your HR team with the right tech stack is crucial if you want to empower productivity and efficiency within your HR team and in turn across the wider business.
The importance of choosing the right benefits platform
According to Gartner, employee turnover is set to be 50-75% higher in the coming years than it has been previously. Particularly when we compare employee experience and engagement with that of the pre-pandemic work landscape, HR managers have to evolve their employee experience proposition to suit the changing needs of the workforce.
Offering the right benefits at the right stage of the individual’s career (different generations will have different requirements when it comes to workplace perks so it’s best to stay flexible) has become more important now than ever.
Having the right platform enables you to unlock the power of these flexible benefits. That in turn means you’ll reap the rewards of a workforce that feel respected and valued, stay engaged, and remain loyal to your business for years to come.
Knowing what you need from your benefits software
Again, with so many different tools on the market, it can be tricky to know you’re choosing the right solution for your HR team and the wider business.
First and foremost, you’ll need to identify the problem you want to fix. Has your workforce outgrown the benefits you offer as your business has grown? Are you offering the right rewards but need a better way to make staff aware of them? Do you need a way to put the power of choice back into the hands of the individual? Maybe it’s all of the above, but it’s important to pin down a core requirement or two before you start to shop around for your benefits platform, as different solutions will vary.
Ultimately, it’s wise to look for a solution that will offer your team a single central, accessible hub for team members, whether they’re working remotely, hybrid, or office-bound, to see and access their workplace rewards.
Features to look for in a benefits platform
Total Rewards
Being able to craft and showcase holistic Employee Value Propositions (EVP) within your chosen platform is crucial. With software that gives your team access to Total Reward Statements, you’ll be able to share your comprehensive investment in each employee, fostering a clear understanding of their workplace value. Whether online, as PDFs, or in print, your HR benefits solution should enhance accessibility and empower you to boost engagement across your workforce.
Communication
A comprehensive benefits platform should enable you to utilise personalised communications so that you can engage the individual. For example, sharing regular updates on Total Rewards, Benefits, and Pension Statements will help to consolidate employee engagement, motivation, and retention. Whether online, on paper, or via email, effective communication showcases employee worth.
Calendar Management
It’s a good idea to get the basics right when choosing your benefits software to improve your organisational efficiencies. Being able to keep track of annual leave dates, wellbeing days, and compassionate leave or manage non-standard working hours is really important and can help streamline your resource tracking across the workforce. It’s important to select a platform with customisable calendar categories and approval processes so that you can avoid calendar conflicts and implement your new solutions with minimal disruption to your existing systems and processes.
Customisation
Customisation should be a key element for consideration when selecting the right benefits software for your business. Being able to tailor your HR solutions to match your unique branding could help to enhance your efficiency and the user experience in general. Choosing a software provider such as Strait Logics means you’ll be able to implement a centralised, personalised HR hub with advanced features that enable you to reach those HR objectives that are unique to your organisation and foster productivity and efficiency across the board.
Flexible Benefits
As employee engagement becomes increasingly paramount, now is the time to pass the power back to your employees by offering more customisable, tailored benefits. As employee expectations rise, you’ll want to ensure you can unlock benefits that suit diverse needs, ages and career stages, and put your employees back in control of their own perks. With a platform like Rewards Portal by Strait Logics, you can seamlessly integrate your existing or new benefits providers, depending on what works best for your business.
Having a benefits platform that gives you a centralised hub with EVPs at a glance, benefit options that focus on the individual, web customisation and calendar management allows you to motivate your workforce, and streamline the workflows for your HR team. What’s more, you get to decide whether you want to hand-pick your benefits according to the needs of your team or appoint an advisor to curate those benefits for you.
For more information on how Strait Logics’ suite of solutions could change the game for your business, book a demo with us today.
