Environmental sustainability is a top priority for business leaders worldwide due to the increasing severity of the climate crisis and associated regulations. However, that is not the only type of sustainability that requires focus in 2024. “Businesses cannot operate, cannot function, and will not be able to meet our profit goals or help our planet survive if we are not focused on people,” said Jennifer McClure, the CEO of Disrupt HR, in a recent webinar. A report from the IDC defines ‘people sustainability’ as “the intersection of employee engagement, empowerment, and corporate responsibility.” It encompasses the holistic view of an organization’s relationships with employees, customers, and suppliers to ensure long-term success. For HR teams, actively implementing people-centered initiatives internally is crucial in fostering a positive and sustainable work environment. These might support diversity, equity, and inclusion (DEI), health and safety, or professional development. Such initiatives create a workplace culture where employees feel valued and supported, leading to higher productivity and retention. Establishing people sustainability as an integral aspect of the company’s identity in the marketplace can significantly enhance its brand reputation among customers and third-party suppliers.

Why is it so important in 2024?

Demonstrating that the organization champions its people is, arguably, more important now than ever. Many are facing labor shortages, and reasons for this include potential employees rejecting strict ‘back to the office’ policies or prioritizing personal development over joining the workforce. These factors also contribute to high attrition rates – according to PwC, in the next 12 months, almost a third of employees in the Asia Pacific region are likely to change employer, an increase of 10 percent on last year. A survey of 11,000 global employees from BCG recently found that salary, benefits, work-life balance, enjoyable work, and career learning opportunities were the top five factors that would tempt people to a new job. Younger employees, in particular, are placing more emphasis on company benefits. Such skills shortages, therefore, mean that companies need to offer more to attract top talent and survive in the current business landscape.

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How can HR teams achieve people sustainability?

1. Employee engagement: Ensure that employees are engaged and motivated within the organization and the work they do. This can be achieved with regular feedback mechanisms, opportunities for professional growth and development, and recognition and rewards for achievements.
2. Empowerment: Providing employees the autonomy and authority to make decisions and take action will make them feel trusted and valued. Offering opportunities for employees to contribute their ideas and voice their concerns can help foster a sense of ownership and commitment to the organization’s goals.
3. Corporate responsibility: Incorporating social and environmental responsibility into business practices, for example, through carbon footprint reduction and volunteering initiatives, will enable the business to contribute positively to society while enhancing its brand image. As a result, companies can attract new socially conscious customers, investors, and employees.
4. Diversity, equity, and inclusion: Fostering a diverse and inclusive workplace where everyone feels valued and included is essential. This can be achieved through diversity training programs, unconscious bias training, and mentorship and sponsorship programs for underrepresented groups, creating a culture of openness and respect.
5. Trust and transparency: Transparent communication and actions build trust among employees, making them feel more secure in their roles. Achieving this could include setting up an open pay and reward structure, clear expectations, and honest feedback mechanisms. Indeed, hearing from employees allows a business to continuously improve its processes.
6. Well-being and balance: Since the pandemic and the huge transition towards home-working, many employees prioritize their work-life balance over other aspects of their jobs. Employers can support this through flexible working policies, well-being allowances, and mental health initiatives.
7. Health and safety: All employees should feel safe at the workplace as a minimum, but employers can go beyond with extra safety training sessions, health insurance, and even ergonomic workstations. This not only ensures compliance with regulations but also makes staff feel valued and protected.
8. Digital transformation: State-of-the-art technologies, like human capital management (HCM) software, enable organizations to centralize employee data, track performance metrics, and implement talent management strategies effectively. This can have a significant impact on people sustainability by making employees’ day-to-day tasks easier and supporting their continued growth.

The Rizing approach

A sustainable approach to the workforce is a lot easier to implement with a digital solution. Rizing People provides organizations with the tools they need to realize their people’s full potential and create a resilient and sustainable workforce. The comprehensive HCM solution, powered by SAP SuccessFactors, supports the entire talent lifecycle with features tailored to optimize core HR processes, performance management, talent acquisition, learning, succession planning, and compensation.

Rizing People provides a centralized view of employees’ data, ensuring efficient management of organizational, personal, and payroll information. This can be used to spot opportunities for improvement, set achievable goals, and identify rewardable successes. Specific Performance and Goals functionalities also facilitate the continuous alignment of employee activities with business objectives. This information is easily accessible by employees through an intuitive, mobile-friendly interface so they can remain motivated. Furthermore, the Talent Acquisition tools streamline the recruitment process, facilitating smooth and universal onboarding experiences that improve the employee experience.

Rizing People’s training capabilities empower employees to develop new skills that could lead to opportunities for progression and enhance their engagement at work.  Nurturing talent internally also ensures long-term organizational resilience and growth. Its Compensation Management tools improve budget accuracy and fairness, ultimately contributing to employee satisfaction and retention.

By taking advantage of Rizing People’s features, organizations can create a supportive environment where employees are engaged, developed, and rewarded appropriately. Discover more about how your business can achieve true people sustainability with Rizing People by watching the ‘Strategies for Building a Resilient Workforce’ webinar or contacting the expert team today.

The post What is ‘people sustainability’ and why is it so important for HR teams in 2024? appeared first on Tech Wire Asia.

A Microsoft global survey released in March found 41% of employees will consider leaving their current employer this year, and 46% are likely to move because they can now work remotely. It also found nearly one in five respondents say they believe their employer doesn’t care about their work-life balance. With job churn becoming a significant risk, HR must cultivate a business culture and community based on empathy and technology support.

HCM APAC President at Rizing Mike Ellis said there are two aspects that HR is considering as companies are starting to return to the office: how the people are coping and how HR can serve the best interest of both the business and the people.

“From the first aspect, HR puts a lot of emphasis on (employees’) wellbeing and mental health. I think there’s a lot of shock and apprehension. We’ve almost settled into two years of being remote, not being around people, and suddenly you are around people,” Ellis explained to Tech Wire Asia in an interview recently. “They’ve had to adjust to being remote and dealing with different things, so we can’t expect them just to drop everything and run back into the office.”

Click the image to download the ebook “Keeping employees engaged in a new world of work”. It gives more information on how to keep employees engaged and productive in the face of dramatic workplace disruption.

Ellis continued: “The other aspect of it is, do we want them to? Is it effective having people in the office? Or do we now look at interactions in the office as being more of a collaboration and team-building/sharing type of activity, rather than ‘I need you to be at your desk from nine to five, so I know that you’re working?’”

These concerns lead to HR taking on more responsibilities as they navigate the corporate, social, digital and even legal transformations. It is a whole new ball game for the human resources department, from retaining loyalty to attracting and hiring new talents.

“We definitely see not just increased workload for HR, but also the changing nature of what they’re being asked to do,” Claire Badger, talent practice director at Rizing, told Tech Wire Asia. “More than ever before, they’re being involved in things like organization design and looking at the best ways to structure the organization, particularly with remote working and how that would look.”

“There’s a lot of different information that HR is being asked to capture or maintain now. Being the gatekeeper, it has to ensure that the business has the information needed to make the right decisions.”

Feeling of isolation and losing the sense of belonging are major demotivating factors for remote workers. As much as technology can be alienating, it too can be used to create a caring and inclusive work atmosphere for the employees wherever they are.

“There’s a need more than ever to have key touchpoints with your employees. You’re not meeting face to face regularly, so there needs to be a way to build that human interaction into the processes you’re running. An (HR) system can help you do that,” Badger said.

Click the image to download the ebook “Keeping employees engaged in a new world of work”. It gives more information on how to keep employees engaged and productive in the face of dramatic workplace disruption.

Rather than handing out the occasional engagement surveys, companies can do more regular “pulse checks” to help address employee concerns, like managing stress and taking time off. “Being able to get those regular real-time sorts of feedback from employees helps managers to have the right conversations with the employees,” she said.

Aside from that, a modern HR system can house more functionality to enhance the employee experience, from rewards to upskilling. For example, more companies are expanding their learning catalogues. “Companies are offering all sorts of different learning channels that they may not have considered before by providers such as LinkedIn Learning. They’re offering employees development opportunities which might not even be related to the business that they work in,” she said. “It’s giving them some other things to think about when they’re stuck in their home, and they can’t get out. It builds on the value proposition that they have for their employees.”

The ebook “Keeping employees engaged in a new world of work” gives more information on how to keep employees engaged and productive in the face of dramatic workplace disruption. It looks at HR’s challenges and how modern HR software can be part of the solution.

Rizing provides consulting and technical services leveraging SAP platforms to enable businesses to achieve a truly intelligent enterprise. Its proprietary apps, such as Synchrony People and Lyra, extend SAP Successfactors’ functionality to optimize the new functions expected of HR.

It is said that every great relationship begins with a conversation. Kickstart it with a Rizing expert who truly understands the business issues for HR and how to solve them.

The post The conversation, work-life balance and more: post-pandemic HR in discussion appeared first on Tech Wire Asia.

But the fact is that Covid joins other disruptive influences on the financial and professional services sector, changes being fueled by the mass technologies that now dominate everyday lives: social media, mobile, cloud computing, typical uses of AI (artificial intelligence) and big data analytics.

In addition to outside influences, customers and clients for the services sector now expect an always-on service, one that places at its core the individuality of the customer, the highest quality of user experience and immediate responsiveness of the organization’s teams.

And while the financial sector is perhaps not the fastest to respond to change (the vertical is known for its understandable conservatism when it comes to change in many ways), there are signs that significant changes are coming.

For the sector, this revolves around the types of expertise required at the touch of a button and the way such expertise is presented. Therefore, the service sector needs to transform both its communication and customer experience concepts into a fully omnichannel delivery model and realign its in-house staffing policies to address new customers’ requirements better.

It’s not an oversimplification to say that, in business, technology and people are now intertwined and co-dependent – one cannot exist effectively without the other. In our new world of virtual and hybrid work, and with a new generation of employees entering the workforce, businesses must be ready to embrace new ways of optimizing that most important, central, and valuable of assets.

HR in a new age of professional and financial services

The evolution and growing impact of HR itself has been facilitated by increasing access to technology; software that enables effective resource planning, requirement forecasting, talent sourcing, and recruitment assessments. Today, around 3 out of 4 HR teams worldwide use recruiting software to great effect.

But the same technologies are increasingly in everyday use by customers, who are coming to vendors better informed, armed with recommendations from crowdsourced data, and acting on advice given (in part) by AI-powered algorithms.

Click the image to get a hand-prepared custom report to help assess your organization’s performance and identify specific opportunities.

Finding, onboarding and keeping employees in the financial services needs to reflect this increased level of awareness overall. The challenge is on, therefore, to source a new generation of HR solutions capable of responding with much more agility to the permutations and unique needs of the service supplier.

Employees who are expected to be agile in skillsets and knowledge need freeing from repetitive and bureaucratic burdens. HR has its role to play here, more than any other department. Features for staff like on-the-job training through mobile platforms (with subjects offered aligned to customer demands) will soon be the bare minimum expected by new hires.

In each of the employee lifecycle steps, from pre-onboarding to exit strategies, technology platforms provide the required speed and elasticity of employee support and development.

Beyond individual employee satisfaction, when executed in a way tailored to the organization and its individuals, Human Capital Management (HCM) achieves a combined workforce that’s motivated, collaborative, continually developing – and one that feels rewarded and recognized for its performance.

Market view

An annual study by IBM found that most CEOs reported that empowering a remote workforce was their top priority during 2020:

“The COVID-19 pandemic challenged many leaders to focus on what’s essential, like their people,” said Mark Foster, senior vice president, IBM Services. “Many employees’ expectations of their employers have significantly changed. The ‘anywhere’ workforce can require leaders to provide agile technology, to adopt more empathetic leadership models that prioritize employee well-being and to champion flexible and inclusive cultures.”

For performance-driven organizations, such as those in the finance and professional services sectors, already tech-centric HR teams must ensure they have the HCM tools optimized to enable their people to adapt and grow in a new and longer-term era of hybrid work.

In these times, those organizations who prioritize and foster employee well-being and champion flexible, inclusive, and dynamic cultures will produce the best output from their people. And with the people of an organization forming a significant part of the overall end-user’s experience — the “public face” of the company — ensuring knowledgeable and helpful people on the front line will be a business imperative.

HCM for the remote workforce

SAP SuccessFactors is the most comprehensive and powerful HCM platform available to businesses today that reflects this highly competitive service-based sector’s changing nature. But leveraging SuccessFactors in a way that provides optimal business value is a complex and resource-intensive undertaking, requiring specialist knowledge.

That’s why some of the best-run companies today are turning to Rizing, the go-to partner for SuccessFactors implementation and software extension. Perhaps most crucially, Rizing offers access to a team of specialists that know both HCM and this vertical inside out.

Click the image to get a hand-prepared custom report to help assess your organization’s performance and identify specific opportunities.

Many issues—like health and safety, upskilling & reskilling, and new ways of working—are familiar to leaders in HR and across the business, but most have now taken on a unique complexity and speed of change.

To address this, Rizing’s flagship Synchrony People is an out-of-the-box solution with a host of offerings, all of which are deployable in as little as eight weeks. Rizing populates the required modules and processes, ‘turns on’ the reporting, and lets organizations choose the level of application maintenance support that fits their needs.

Modular successes

The Synchrony People Core HR Solution module aims to digitize and simplify service organizations’ processes to improve operational efficiency and workforce insight, all while being legally compliant with global and local requirements.

While Rizing admits that most HR transactions are ‘no brainers,’ even the weight of the bare necessities – like requesting time off, updating personal information, and keeping org charts up to date – all adds up in a world where seamless employee experience and people-centric solutions are drivers behind customer retention.

Rizing knows that there is a direct correlation between employee and customer experiences. In the financial and professional services market, the people and their knowledge form much of the high-quality customer interaction.

Rizing’s Synchrony People Talent Acquisition ensures financial service businesses can quickly onboard the best talent according to the business’s strategic needs. It marries recruitment marketing, recruitment posting (on specialist or generic job boards), and recruiting management (for selecting and hiring the best candidates), to make the recruiting function more aligned with overall company direction. Once that talent is identified, Synchrony People Onboarding will accelerate new starters’ productivity and enable pre-start engagement, so new hires get a jump start, ready to respond on day one to whatever challenges the market may bring.

Rizing’s Synchrony People Learning solution, meanwhile, instils a culture of dynamic and continuous learning among an organization and its people. Managers use the software to quickly navigate to a team member to which they’d like to assign a training program, select up-to-date courses, and assign them to team members with deadlines. Employees can log in and make progress on learning tasks on any device, while managers can check in on employee progress and ongoing development at any time.

For performance-driven financial and professional services firms, worthy of note is Rizing’s Synchrony People Performance & Goals solution, enabling managers to align employee activities with organizational strategy and monitor achieving those goals. This replaces quickly aging annual or bi-annual performance measurements with a focus on continuous, meaningful feedback and coaching, enabling companies to quickly adjust to the dynamic changing world and ensure that their employees are on track at any time of the year.

We’ve only scratched the surface on how Rizing can enhance the organization’s approach to managing their most important and valuable asset. Interested to health check your current practices and see how your organization stacks up against its industry peers? Rizing has developed a Talent Management Industry Benchmark Report which includes insights from over 5000 participants. Simply fill out the 15 minute survey  – your answers will inform the contents of a hand-prepared custom report to help assess your organization’s performance and identify specific opportunities. Use it to compare practises with competitors’ or as hard evidence for decision-making. Ensure your organization is putting people first as it adapts to the new world of work. Your bespoke results will be emailed to you in two working days — highly recommended.

The post Crafting a people-first business was never more necessary – or easy appeared first on Tech Wire Asia.