Each company is a living organism which experiences different stages of internal development and adaptating to the external environment, to the market. For example, an upward digitization trend has emerged on the evolutionary line for a few years now, accelerated by the pandemic situation, which we are all trying to overcome. Thus, the need to use techniques and technologies supporting the strategies established in each organization has become more profound.
The pressure of a digital future that we need to prepare for at all levels as well as all the constraints imposed by the current pandemic have also reshaped the relationship between the employee and the employer. Many HR strategies were abruptly reconsidered without any prior training nor any guarantee of success. However, as forced as change may be, it represents the beginning of a new HR modus operandi which addresses a wide range of issues, from specific issues such as new employee integration regardless of their workplace location, to more general issues related to organizational culture, commitment and performance.
Since interpersonal relations and human resources management are extremely important for the dynamics of any company and in order to help anyone interested in this field, we decided to discuss, in short, the 5 most important issues encountered in organizations.
For each of them or for any combination of them, Co-Factor has developed a solution as an employee-centric digital platform capable of meeting the acute needs faced by HR managers.
1. The need of digitization of the strategic HR processes
Many leading companies in Romania have already carried out or are shifting from the traditional and tedious practices to a digitalization of the strategic HR processes, so they could store and track all the information they need much more easily.
In this sense, Co-Factor offers solutions that connect and combine digital processes with real life ones to help both employees and the business.
2. The need for consistent, efficient and real-time communication
In addition to internal misunderstandings and frustrations, ineffective, delayed or distorted communication leads to customer issues.
Thanks to technology, the Co-Factor digital platform enables real-time, transparent, structured and relevant communication, based on topics of interest and communication groups. Some of the advantages of using the Co-Factor platform include:
• aligning the entire organization with the strategic and operational themes through increased relevance and attractiveness;
• transitioning to a high level of internal connection, not only top-down, but also bottom-up and transversal between colleagues from different departments and sites;
• identifying topics and opportunities for communication and collaboration between colleagues that have potential to create a high degree of involvement and attachment.
3. The need to increase engagement or a low engagement
The lack of employee engagement or the low level of involvement at the workplace seems to be the main problem encountered by most companies, regardless of their activity field. 87% of organizations refer to engagement as one of their main challenges, 50% consider it "very important" (Global Human Capital, Deloitte) and 71% of Millennials say are not engaged or actively disengaged at work (Gallup).
Thanks to the Co-Factor digital platform, employee involvement can be increased, team spirit activated and the internal climate improved. The Co-Factor solution ensures a transparent and collaborative process, it encourages employee participation and provides real-time visibility into the progress and activity generated within the program.
4. The need for a healthy organizational culture
An unhealthy, dysfunctional and inefficient organizational culture is often mentioned as the cause of poor performance. The lack of or a poor transmittal of the values and of a common vision that are shared at all levels, the lack of cohesion, clarity and transparency all lead to anxiety, stress, ambiguity, insecurity, to a feeling of not belonging and they have direct negative effects on organization performance. Also, not aligning with a common set of objectives leads to the impossibility of assuming them consistently from top to bottom, having direct consequences on performance.
5. The need for an effective performance management process
The absence of this process represents a major risk of demotivation and non-performance for each employee, a serious problem impacting the organization numbers. The performance chart must be accessible to employees at all times and they should receive their managers' support to achieve their objectives. Co-Factor can solve these problems with an employee friendly dynamic and adaptable performance plan.
The Co-Factor platform isn't only a strategic HR tool, but also an extremely powerful leadership tool that can help leaders engage the whole organization in the real-time implementation of their business strategy, whatever this may be and in any type of organization.
