Human resources management software can help companies mitigate skills shortages
Human resources management software can help firms mitigate the skills gap that is costing UK businesses more than £2 billion a year in higher salaries, recruitment costs and temporary staffing, according to research from The Open University.
The figures published within the the Open University Business Barometer revealed that 90 per cent of employers have found it difficult to recruit workers with the required skills in the last 12 months, and some have had to inflate salaries to attract talent above market rate, costing at least £527 million alone.
Due to continued Brexit uncertainty and the lack of clarity about future immigration rules, many EU citizens are not taking up new roles in the UK, while the recruitment process is taking longer for three quarters (75%) of employers – an average of one month and 24 days more than expected – which means many will have incurred additional costs in the form of recruitment fees and hiring temporary staff, estimated to be at least £1.7 billion.
Despite this positivity from organisations, seven in 10 (69 per cent) businesses believe they will struggle to hire people with the right skills in the next 12 months, implying certain skills may take longer to build. With three in five (58 per cent) employers saying the skills shortage has damaged their organisation, it is important that they ensure their training programmes provide their staff with the skills they require, in a way that allows them to put their new knowledge into practice in the workplace as soon as possible.
Tensor human resources management software WinHR helps companies streamline skills management
Beside checking attendance and worked times, the Tensor WinTA Time and Attendance suite also includes a dedicated HR module. Tensor Personnel allows you to record a vast amount of personal information about your company staff, including here basic details, course attendance, educational history, language skills, professional institute memberships, skills, etc.
Moreover, WinTA.NET supplies the relevant managers with information on employee’s absences through warning email notifications or via hardcopy reports. After that, the intelligent employee management system would rapidly identify missing employees that are expected to be at work and then informs you via automatic email reporting reports distributed by email.
Tensor’s range of products offer both a high level of reliability and good value for money, which means that companies who do decide to implement our solutions will immediately see the returns, without taking a hit as far as their balances are concerned.
If you’d like to find out more about the range of workforce management and Time and Attendance solutions supplied by Tensor, just contact us or Book a Demo, our representatives will be more than happy to answer any questions or queries you might have.