MAY - 2023HR TECH OUTLOOK8In MyOpinionThe global marketplace that we all work in today, requires a company to have both a core set of principles to work from and the agility to adapt that foundation when the situation demands it. To create a consistently excellent product, an organiz ation needs stellar employees with a method for ensuring consistency and easing the burden of administrative tasks so they can focus their skills on what matters most: satisfying the customer. This is where human resources technology can bridge the gap between stability and adaptability.A strong centralized system like a global Human Resources Management System (HRMS) allows a company to keep all relevant data in one place, creating a cradle-to-grave system that manages information for the duration of an individual's career. When employees across the globe have access to the same system, it creates clear standards that can be acted on equally regardless of location.It does not end there, a good HRMS is just the beginning. Technology is flexible and constantly growing, and it needs to change along with the global market. An employer can use analytics to determine the best employee retention strategies, track employee performance, and change the way teams are structured all with the same system. While the information is stored by HR technology, companies can use this information in innovative ways, such as using demographic data to determine where an organization can improve diversity and inclusion. Being conscious of how a company's diversity reflects the diversity of the greater world can help employers be more intentional when seeking out different voices and creating a more inclusive environment.This flexibility also allows employees to use HR technology in a way that best suits their needs. A key goal of HR is to retain quality employees and direct their efforts to where their skills are needed most. Human resources HR TECHNOLOGY: A KEY STRATEGY EXECUTION ENABLER FOR EVERY BUSINESSBala Sathyanarayanan, Senior Vice President & Chief Human Resources Officer, Greif, Inc.By
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