Most modern executives instinctively know there are multiple ways technology can increase efficiency and save cash.
Yet according to a new study from TomTom Telematics, 31 per cent of senior managers at companies with five or more employees say their businesses are not quick to take up technological innovations.
If you want your enterprise to stay ahead of the curve, here are three digital solutions that will transform the way you do business.
- General health
The latest UK Office Of National Statistics show that 137.3 million working days were lost to sickness absence in 2017 — this cost £18 billion in lost productivity, according to further analysis from the Centre of Economic and Business Research.
So if ill health is preventing your staff from attending work or compromising their performance, you’re losing out.
But a good corporate healthcare app ensures staff have access to professional medical advice for the most common ailments 24 hours a day — meaning there’s often no need to spend time travelling to and from a practitioner’s premises.
This type of service enhances health outcomes for employees and makes sense for your bottom line — definitely worth the initial outlay.
No workforce is a perpetually joyful utopia.
But employers are gradually realising that happier workers are more productive than their unhappy colleagues — by up to 20 per cent, according to a 2015 study by the Social Market Foundation.
The UK Health and Safety Executive also reports that over 11 million working days are lost to stress each year and employers have a legal duty to protect employees from this illness.
Creating and maintaining a positive workplace culture is probably the foundation of stress prevention at work — but mindfulness apps for business can help too.
And once staff members learn a few basic meditation techniques to help them deal with difficult situations, it can make a noticeable difference to their anxiety levels.
HR functions are crucial to any business — but running an HR department is expensive.
Salary comparison site Payscale reports that an HR officer earns an average £24,441 per year, an HR manager takes home £35,813 and an HR business partner draws a whopping £41,131.
So when you add the cost of paper and IT resources, HR costs are prohibitive for some small and medium firms.
But automated HR software can perform tasks like payroll payments faster and more accurately than human staff — while ensuring compliance with tax regulations in different jurisdictions.
It also collects and collates useful data on staff attendance, health and wellbeing and uses analytics to generate management reports.
A software solution can dramatically reduce time spent on tiresome admin tasks and free staff to work strategically.
Deciding what to delegate to service providers and when is important for any enterprise — transform the way you do business by adopting these three digital solutions.
Which digital solutions boost your business? Share your thoughts in the comments section.