HR technology boasts many benefits that help everyone in an organization. This is especially the case for the newest industry tool, Direct Data Exchange. In keeping up to date with maintaining effective communications and ensuring efficient HR processes, moving companies can turn to this tool to maximize their work and grow their businesses. In this article, we will show you just how it works.
What is Direct Data Exchange?
Direct Data Exchange is the first comprehensive management analytics tool that focuses on analyzing efficiencies through engagement with HR technology. It comes with a long list of features, including detailed reports of data entries, estimated cost effectiveness through comparison of methods, employee trends and more.
The main value of incorporating Direct Data Exchange into your moving company’s systems is that it can provide you with real-time return on investments based on employee usage of HR technology. This will allow your company to determine what appropriate use of HR technologies in the workplace looks like and how to alter their processes and procedures to maximize your employees’ time.
Save to Grow
The automated features offered by the Direct Data Exchange software let employers track exactly how much they can save by making various changes in their HR processes, based on concrete employee data. In a study done by Ernst & Young in 2018, it was determined that the average cost of a single HR task could reach as much as $18.96 to complete. This number only increases across various HR task categories.
Fortunately, Direct Data Exchange exposes these gaps. Moving companies can leverage the trends gleaned from the data to modify how HR tasks are completed to save money on costly HR tasks in the long run to refunnel into growth strategies instead.
Drive Recruitment, Increase Retention
Promises of savings are already a huge benefit for moving companies that already invest in equipment, logistics and employees. Add in more effective recruitment practices and better long-term employee retention and you have a winning combination.
When employers can streamline many HR tasks, HR personnel have more time to focus on the true backbone of the company: the workers. With employee retention rates dropping more each year, diverting HR efforts from time-consuming tasks to employee-centered solutions can make or break a company. Using data that supports how differences in HR usage saves on money overall, HR can advocate for better wellness plans and engagement initiatives to keep employees satisfied. All of these things are made possible with Direct Data Exchange.
Employees feel valued when they are treated with respect and allowed a certain level of autonomy, especially when it comes to workplace functions. Employees that are valued are less likely to leave their company, allowing for those at the top to focus on growing the business with high-quality staff by their side. Direct Data Exchange allows employees to access HR information at any time, encouraging them to take responsibility for data accuracy and take pride in knowing the company is updated on important HR data.
Direct Data Exchange: Worth the Investment
Companies that don’t embrace new HR technologies find themselves falling into additional costs and time-waste that could be instead repurposed towards growth. Moving companies with expanding services and locations can trust Direct Data Exchange to help them gain new insights on their business.
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