6 Advantages of a Cloud-Based HR Solution
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6 Advantages of a Cloud-Based HR Solution
Managing human resources in the cloud – using online software, rather than a paper-based or computer-based system physically located at the office – is a strategic, reliable method that allows organizations to improve their processes and align workforce initiatives with business initiatives.Companies using cloud HR technology are gaining productivity and cost advantages over those using older technology and manual processes.
A cloud-based approach also offers a unified core HR system for companies that have, or plan to have, multiple locations, perhaps in multiple states. Cloud-based systems also have substantially lower costs of ownership and operation, and do not require continuous software upgrades.
1. Online benefits administration
2. Employee lifecycle management
3. Employee self-service
4. Manager self-service
5. Core HR reporting
6. Affordable Care Act compliance
Saving energy with cloud-based solutions
Switching to a cloud-based HR and workforce management solution can also be a key part of a company’s sustainability strategy. In addition to reducing IT and labor costs, cloud-based computing is more energy efficient. For example, researchers at Lawrence Berkeley National Laboratory and Northwestern University estimate that if all American businesses moved their email programs, customer management software, and similar programs to centralized off-site servers, they could reduce their computing energy footprints by 87%. That would save 23 billion kilowatt-hours – enough to power Los Angeles for one year.
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