Companies that place a greater emphasis in their employees are often the most successful of all, writes Matt Straz, CEO and founder of the human resources platform Namely, for Entrepreneur.
Mr. Straz explains, however, that managing human capital becomes more and more difficult for any business as it grows. He offers these tips to keep a grip on your business — and employees happy and productive — as your brand expands:
1. Create employee profiles
"They allow managers to collect and store important employee information in one place while also encouraging sociability and camaraderie among coworkers."
2. Streamline employee onboarding
"Unlike traditional onboarding methods, automated onboarding procedures can be used and referred to as often as needed — saving companies both time and money on new hire training."
3. Revive the performance review
"Employers should aim to keep the review process as simple as possible. This can easily be done by asking employees only key questions and focusing on core competencies.
4. Offer unlimited PTO
"Flexible paid time-off policies simplify [human capital management] by eliminating the tedious process of calculating vacation accrual and tracking employee absences."
5. Embrace mobility in the workplace
"With 1.75 billion smartphone users worldwide last year, as found in a 2014 report by eMarketer, it's no wonder mobile applications are on the rise in the workplace. Using mobile in the workplace has helped spur the improvement and management of the employee experience."
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