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Organizations report an increase in engagement when useful technology solutions are in place. A 49% increase when wellness technologies are implemented, a 51% increase for rewards and recognition technologies, and a 56% increase for coaching and mentoring technologies.
For every $1 spent on HCM technology, companies see an average return of $9.13
53% of HR professionals say that an improved onboarding experience increases employee engagement.
A 6% improvement in engagement equates to 8 million more workers who are engaged at work, yet only 33% are currently engaged.
Initial implementation of cloud-based HCM solutions can cost 79% less than on-premise solutions.
Human capital management (HCM) software automates human resources (HR) processes to help employers manage employees, and employees to be productive. HCM systems like isolved support a wide range of HR functions and offer a centralized place to manage recruitment, payroll, benefits administration, time keeping, and more. Companies that invest in a HCM platform will see increased efficiency and performance improvements.