While human capital does not appear directly on your balance sheet, it is safe to say it is the most important asset of any company. Human resources bring economic value that sees a company's growth, strength, and health.

The more a company invests in human capital, the more productive and profitable they get. A company's power is in skills, training, motivation, and the loyalty of its employees. That is why a strong human resources team is instrumental to the operations and success of an organization.

The HR team must also have the right tools to manage human resources in the changing work environment where more employees are going for the flexibility provided by remote and hybrid work.

HR professionals should understand the role of the tools in their day-to-day operations and how they can utilize them for effective HR management.

1. Conferencing for Retention

When employees start thinking about alternative employment, productivity dwindles. Disengaged employees cost companies millions every year. They are also likely to negatively influence their colleagues, drive customers away, and even miss work days.

Companies need employee strategies to keep their employees engaged for the productivity and growth of their company. One of the strategies is giving them a good work-life balance. When employees have this, they have a better chance of staying in your organization and being productive.

Conferencing is an essential tool leveraged by companies to give employees more control over their work days and help them enjoy work-life balance. You can have remote workers actively connecting with their co-workers and collaborating on different projects regardless of location.

Thanks to conferencing, employees can have the versatility and flexibility they need at work, increasing retention. By utilizing conferencing tools, human resource managers can bring their teams together, streamline support and create a collaborative culture at the workplace, increasing productivity while at the same time allowing employees to enjoy work-life balance.

2. Access to a Larger Talent Pool

Conferencing tools offer many opportunities to human resources when it comes to hiring. As many employees prefer hybrid and remote work environments, it gives companies many possibilities, including access to a broad talent pool.

You can access talent beyond your geographical boundaries when hiring, increasing your chances of recruiting the desired candidate. If the best marketer is not in the country, you can reach them through conference calls, interview them and even recruit them online.

This significantly reduces the number of applicants you have to engage and the time you take to hire. HR will have the flexibility to hire the talent they want from any part of the world.

3. Training

Employers face many challenges in training and developing new hires and existing employees.

One is the hectic employees' schedules that render training and development an agent of stress. Companies with dispersed teams also present challenges to HR in training and development. Training a dispersed workforce can be challenging due to differences in time and job demands.

Employees have different learning habits, which can impede the effectiveness of one-size-fits-all training programs.

By leveraging conferencing tools, HR departments can address most of the challenges. For instance, they can maneuver the hectic employee schedules by optimizing mobile training, allowing employees to access learning materials anytime and anywhere. For example, they could give employees unable to attend the training sessions a recorded training conference call.

HR can avoid face-to-face training by using conferencing tools and, simultaneously, reducing travel requirements to attend training.

They can also use conferencing tools to unite dispersed teams and use them also to address the individual training needs of the teams. HR can deliver personalized training most efficiently by utilizing the tools. They can also keep training consistent and ongoing and an open feedback loop for increased effectiveness.

4. Reduce Travel Costs

HR is one of the multi-faceted departments in companies, which are also tasked with cutting a company's operating costs.

Recruiting, training, and retaining staff is costly, and businesses factor it into their HR budgets. In addition, there are unforeseen HR costs, which HR practitioners need to be mindful of to remain cost-effective.

Employee benefits account for a significant percentage of HR costs. The average daily cost of business travel expenses is $325. By optimizing conferencing tools, HRs can minimize travel expenses. The HR department can reduce travel expenses by hiring and training through conferencing tools.

The tools give them an opportunity for real-time communication without meeting face-to-face.

5. Onboarding

Onboarding is one of the HR headaches conferencing software can address. Whenever a new role is created or there is a vacant position, the HR team must align their schedule with the hiring and onboarding process.

Manual onboarding processes are no longer feasible for the evolving job market as it does not only leave employees with time-consuming paperwork to handle but is also a tedious process for HR teams.

The remote and hybrid work environment comes with new onboarding demands. Effective onboarding goes beyond getting new hires accustomed to a company's standardized workflow. It plays an instrumental role in job satisfaction and productivity.

Conferencing and automation tools make the onboarding process smooth and effective. It simplifies the work of the HR and team and the employees while at the same time improving the experience of new talent.

Conferencing technology streamlines onboarding work and communication. New hires can communicate with IT teams and be provided tools. They can have online meetings with HR as they transition into their new roles to ask questions or discuss outlying concerns in their job descriptions. HR can also call them to find out how they are settling in.

Using conferencing tools, new hires can have introductory meetings with their line managers and colleagues.

Streamline Your HR Operations Using Conferencing Tools

Conferencing software is transforming HR operations. The tools allow employees to control their workdays, improving retention. HR teams can access a broader talent tool and onboard new hires cost-effectively and efficiently through conferencing software.

Let Conference Town cater to your HR department's communication needs with software that will integrate seamlessly with your systems. Contact us to learn more about how conferencing calls can streamline your operations.