Paul Jelinek – Director of Product Management, Ceridian
As a recent new hire at Ceridian, I’ve gained a whole new appreciation for everything that goes into bringing a new person into an organization. From my perspective this included a lot of details, such as completing all of the required paperwork, registering for training, ordering my computer equipment, enrolling in benefits, learning about the company’s values and policies, getting to know where I could go to for answers to my questions, and so much more that doesn’t even include learning my new day-to-day tasks. I can truly say from experience that when an organization makes this process easier for a new employee, it makes all the difference. Read more
James Arsenault – Director of Strategic Communications, Ceridian
Growing up is never easy, whether it’s getting through middle school or a technology platform. There are those periods that are full of things not working correctly and awkward moments.
When it comes to technology platforms, this process has been repeated many times. Before ERP platforms there were hundreds of start-ups solving supply chain problems. Before comprehensive financial software there were accounts payable, receivable and bookkeeping packages. But, eventually they merged into the platforms we know today.
Solutions that help organizations manage and develop their people have gone through the same process, with Talent Management, Benefits, Payroll, Workforce Management, and core HR all coming together to become single platforms. Granted, some of those “integrated” platforms aren’t really working together well yet, but the trend is clear that organizations are looking to have all their people processes combined in a real-time, one-version-of-the-truth solution. Read more
By Jennifer Nuttall, Marketing Program Manager, Ceridian
Maybe it began with selling a few products over their Facebook page or monetizing a YouTube video gone viral? How ever they caught the entrepreneurial bug, our youngest adult demographic are grabbing the reins on their own businesses – and quickly changing many of the rules.
Although often stereotyped as spoiled and entitled, Generation Y’s or Millennials are proving to be very effective business owners. The 2016 BNP Paribas Global Entrepreneur Report reveals they have launched about twice as many businesses as boomers have—nearly 8 companies each versus 3 to 4 for boomers. These ‘millennipreneurs’, as the BNP Paribas study calls them, are not only starting more companies, they’re also managing bigger staffs, and targeting higher profits than their baby boomer predecessors. Almost 75% of Millennials expected their profits to increase in the coming year as compared to just 42% of boomers.
What gives these Millennials the business edge? Here are five of their success secrets:
- Tech savvy – This is the generation that has grown up with technology. Tech is almost as intuitive to them as eating or breathing – and they are ultra-eager and fast to adopt whatever comes next then leverage it to benefit their businesses. 74% of Millennials say technology makes them feel more connected and makes their lives easier. When it comes to HR technology, nothing can help a small business more than tech that uses the cloud. Since paying your employees is your biggest expense, the cloud allows HR tech to have automated tax filing and receive updates on all the ever-changing government regulations. This is one tech that really helps free up your time to focus on your business.
- Optimistic risk takers – Although just half of older business owners say they would be willing to take a risk for their business – the percentage is far higher for Millennials. Nearly two-thirds of Millennials today take financial risks to grow their businesses. What’s more, 77% say they feel very positive about the future of their businesses and expect good things over the next year. Having the right tech will really help with risk taking. HR tech on the cloud will not only free up cash by helping you stay compliant and avoiding fees, but it can better predict cash flow so you know how much you have access to and when.
- Collaborative & innovative – No more silos. Millennials love to collaborate and working in teams on projects in order to accomplish goals. They are big fans of using wiki’s, social networks and other technologies to share ideas, solve problems and innovate. As leaders, they enthusiastically spread these collaborative behaviours and foster a team-oriented culture of innovation across their organizations. The newest HR tech fosters a collaborative environment with respect to Workforce Management. Employees can update their own data, request time off online, view their paystubs and more.
- Effective multi-taskers – Millennials tend to use many different devices and juggle multiple tech tasks at the same time. From document collaboration on Google Drive and social campaigns on Facebook, to web meetings on Skype, text and Twitter, Millennials have agile minds and nimble fingers. While past generations may have compromised the quality of their work by multitasking, Millennials have mastered it – and put it to exceptional use in efficiently managing their many entrepreneurial responsibilities and business processes. For small business owners, nothing helps multi-tasking more than a mobile phone. Being on the go and juggling work life and family life is just a regular occurrence. Processing your payroll and approving time off requests are just some of the items you can do on your mobile phone with the latest HR technology.
- Freedom & Purpose vs. $$$ – Millennials are more motivated by flexible work environments and their quality of life than they are about making the big bucks. While they are driven to be online working on their businesses 24/7 – it is generally through their mobile devices while they are on-the-go. Often they have altruistic goals – and take a creative, motivated and positive approach to meeting their personal and business objectives – with maximum profit generation not always a number one on their priority list. Technology is a great way to make your business more flexible – with the right HR software that is easily adaptable to your changing business needs as well as save you time and money, you could have more time to devote to your employees and what makes them happy.
Need help getting your small business up to speed with the latest HR technology? Contact Ceridian today!
This blog was originally posted on the Ceridian Canada HCM Blog.
Jennifer Nuttall is passionate about the inner workings of small to midsized businesses. She joined Ceridian in 2013 with a Masters in Communications from Carleton University and has a life-long love of education, in all its forms. When she’s not providing small to mid-sized businesses with concrete Human Capital Management tips to help reach their goals, you can catch her in Ottawa spending time with her son, playing video games with her husband, walking their crazy dog or snuggling the cat!
By Julie Palmer, Technical Writing Manager, Ceridian
Sometimes, I feel like my brain is constantly on a treadmill that’s maybe moving a little faster than I’d like. There’s just so much to keep up with: work, family, school, trends, the Kardashians… it never ends. Now that I’m also blogging about compliance, there’s a whole new world of content to keep on top of, particularly with all the changes coming in the wake of the recent US election. Read more
By Jayson Saba, VP of Market Research & Industry Relations, Ceridian
Cloud computing has provided businesses with a vast array of technology to improve processes and productivity. One sector where it has gained significant traction is in human capital management (HCM) – the technology leveraged by human resources (HR), offering employers new, innovative strategies for improving a wide range of functions ranging from basic record keeping, advanced workforce planning and everything in between from paying employees on time, to developing them and maintaining overall compliance with the ever-changing regulatory landscape. However, to realize the maximum value and benefits of cloud HCM solutions, organizations need to go about its adoption and implementation in a specific way. KPMG recently released its 2016 Global HR Transformation Survey report, which indicated that while the benefits of cloud HR technology are huge, they are not materializing for some businesses. The research, which surveyed over 850 HR professionals across more than 50 countries, showed that organizations need to successfully integrate people, processes and technology if they truly want to realize all of the benefits of moving to the cloud. Read more
By Jayson Saba, VP of Market Research & Industry Relations, Ceridian
In a few short weeks, I get to spend a few days with the best customers in the world at INSIGHTS 2016 in Las Vegas. I am very excited about this year’s event as we are expecting the largest attendance ever. Our customers will be seeing our newest enhancements to Dayforce HCM while mixing in some fun and educational sessions throughout their time in Vegas. Read more