HR Trends in Health Care Companies
The new health care reforms are resulting in many changes to HR trends within health care companies. A thorough understanding of new health care policies and the company’s responsibilities in accordance with these, are leading many HR departments to find more efficient ways to accurately manage policy and benefit administration. Companies are increasingly choosing to streamline payroll and benefits, using software options or outsourcing these HR tasks. Software options ensure that companies stay up to date with policy changes, and may include software packages which administrate procedures such as the Family and Medical Leave act. As non-compliance to policies such as these can have serious financial implications, these options can prove to be particularly beneficial.
HR departments are also playing important roles in the company’s strategic decision making, helping to identify and implement long term goals. As a result, HR departments are beginning to become more results or goal orientated. The importance of HR analytic software and the ability to interpret data currently held by the department is more important than ever. Analyzing data, such as high employee turnover, can help to identify areas in which the company can improve, to both attract and maintain highly skilled staff, which is integral for success. In addition to utilizing analytic software, companies may also consider training HR staff within quality control and quality assessment.
HR trends include the use of software as a service (SaaS) applications, which are developed, managed, and operated by external vendors and which run over the internet as cloud-based applications. Companies have immediate access to these for a monthly fee, greatly reducing their overheads such as their IT budget and associated staff payroll. Moreover, the SaaS software helps companies to stay on top of the competitive market, as these are often updated and innovative. Similarly, cloud computing can help to reduce costs for a company by consolidating data centers and servers and reduce capital investments by allowing companies to only pay for the services that they use. The use of cloud software also allows companies to keep up to date with the fast paced changes in the industry, and efficiently roll out new practices and policies to multiple departments and locations.
Changes to the recruitment process are also taking place as part of these HR trends, with an increased emphasis on social media and networking sites. HR departments should ensure that they are familiar with these in order to effectively compete for high quality staff within the market. One way companies are attracting employees, is their provision of up to date training and helping to develop workers skills once they are employed. The use of e-leaning and webinar podcasts, allow employees to access global and up to date training which was not previously possible. These options also help to greatly reduced costs associated with travel, time lost from work, and allows business to stay on the cutting edge of new knowledge and information.