Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking and Finance Review

Global Banking & Finance Review

Company

    GBAF Logo
    • About Us
    • Profile
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ
    • Magazines▾
      • Global Banking & Finance Review Magazine Issue 79
      • Global Banking & Finance Review Magazine Issue 78
      • Global Banking & Finance Review Magazine Issue 77
      • Global Banking & Finance Review Magazine Issue 76
      • Global Banking & Finance Review Magazine Issue 75
      • Global Banking & Finance Review Magazine Issue 73
      • Global Banking & Finance Review Magazine Issue 71
      • Global Banking & Finance Review Magazine Issue 70
      • Global Banking & Finance Review Magazine Issue 69
      • Global Banking & Finance Review Magazine Issue 66
    Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2025 GBAF Publications Ltd - All Rights Reserved.

    Editorial & Advertiser disclosure

    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Home > Technology > Improving employee retention and eliminating burnout through HR technology
    Technology

    Improving employee retention and eliminating burnout through HR technology

    Improving employee retention and eliminating burnout through HR technology

    Published by Jessica Weisman-Pitts

    Posted on July 8, 2022

    Featured image for article about Technology

    By Neil Pickering, Industry Manager, EMEA at UKG

    Agility and flexibility have been pivotal in ensuring the survival of organisations over the past few years. Industries have been burdened with the volatility of the pandemic and a shift in the type of service customers expect; only firms who have adapted practices to suit these changes have been successful.

    However, the evolution of how these businesses run would not have been possible without the workers’ compliance, many of whom have gone above and beyond to keep their industry afloat. This has come at the cost of severe disruption to employees’ daily lives, as they have filled gaps where needed, often at short notice or with little time to prepare.

    A recent study from The Workforce Institute at UKG on employee concerns around the workplace after COVID, revealed that more than half of UK workers have seen hours increase since the pandemic commenced, heightening the risk of fatigue and burnout. It is the responsibility of businesses to prevent this from happening and incentivise employees to stay, even if workloads increase.

    To do this, businesses must show empathy. They should try to understand the specific preferences of individual workers, balancing employee welfare with the demands of meeting client expectations.

    Workforce management and HR technology are beneficial instruments for sculpting a secure and harmonious working environment. Intelligent automation of people management methods can minimise the effects of burnout and enhance workers’ lives. After all, a motivated and untroubled workforce is in everybody’s best interest, as engaged employees will be more productive and provide better customer service, boosting business profits.

    Reaching Out

    According to recent research on the importance of investing in the voices of employees , businesses are 88% more likely to perform well financially when employees feel listened to by their employers. The diversity of roles within many industries increases the importance of constant connection with workers, especially when managing safety, wellbeing, and compliance.

    As well as allowing employers to share updates with employees, workforce management and HR Service Delivery solutions provide a means for organisations to check in on workers regarding health and wellbeing. ‘Attestation,’ a feature of workforce management applications, delivers customisable surveys to employees when they clock in or out of their shifts. This captures valuable information such as their physical health status, whether they are happy and fulfilled in their role if they suffered any incidents at work etc. Such tools– and the insights they gather– enable businesses to take the necessary steps to address the issues affecting burnout and retention.

    Essential company information can also be pushed to employees via their mobile devices, connecting all colleagues, even if they are not physically present in the workspace or do not have a company email address. Such efforts to maintain contact with employees provide a robust platform for building trust, respect, and transparency.

    Constructing the Perfect Schedule

    Employee dissatisfaction is likely to lead to poor productivity, jeopardising the quality of your organisation’s service. This will be compounded by a struggle to retain workers who won’t stick around if they feel unfulfilled, emphasising the importance of employers offering flexibility. As a result, businesses must consider the individual needs of employees to hold onto workers and prevent burnout.

    The same research around employee voices highlights the importance of employers getting their scheduling correct, as 59% of workers cited a poor-work life balance as a contributing factor in their decision to leave their job.

    The ideal schedule should align accurately with customer demand, workforce skills, certifications and availability, labour budgets, labour rules and regulations, and employee contracts, while factoring in the possibility of burnout. For instance, the role’s physicality, length of shifts, and physicality of the worker should all be considered when planning a schedule. Additionally, schedules should account for individual employees’ specific needs and preferences, such as where and when an employee can work. A spreadsheet cannot achieve all this; managers need tools that work more smartly.

    Fortunately, the latest workforce management solutions are developed to fix scheduling issues at the push of a few buttons. They leverage artificial intelligence (AI) and machine learning (ML) to simplify the processes of forecasting customer demand and building balanced labour schedules. With the implementation of this technology, managers can quickly and efficiently build schedules that reduce burnout and keep employees happy.

    A well-built schedule is a pillar of employee retention, as it helps workers feel listened to and valued, giving them a reason to stay and not chase small wage rises.

    The Importance of Flexibility and Autonomy

    The word ‘flexibility’ has added meaning in the wake of the pandemic. It has highlighted a change in the attitudes of both sides of organisations. Autonomy and flexibility have become essential facets of working life for many employees, who are happy to quit and move elsewhere if this is not being offered. Furthermore, empowering employees and giving them greater flexibility is also in the interest of businesses, as this can help align resources with demand and control labour costs.

    Giving workers self-service access to HR and workforce management tools empowers them to take control, improving communication and leaving employees feeling valued. Additionally, it can reduce the administrative burden on managers, meaning they will have more time to spend implementing ideas that will add genuine value to the business.

    As well as recording worked hours and attesting to health and wellbeing, mobile workforce management apps enable employees to book leave, swap shifts with colleagues, request additional shifts, view timecards and balances and payslips through self-service actions. If outdated manual methods are used instead, all these actions will involve either HR, payroll, or managers, which is an inefficient and costly way of operating.

    Affording employees autonomy through adopting HR and workforce management technologies helps them take greater control of their lives and work. As a result, they will feel more valued, engaged, and inspired. It is very often the case that happy employees deliver greater productivity, better customer service, and stay longer with organisations. Consequently, all businesses should implement this technology– regardless of size– if they wish to improve performance.

    Ultimately, workforce management and HR technology are handy tools for listening to employees, ensuring they are being treated fairly, and making them feel valued. This encourages retention, as workers want to know that their employer has their best interests and cares about their individual needs. In turn, happy and engaged workers will raise their level of performance, strengthening the business’s overall performance. For these reasons, the solutions detailed above should benefit organisations at every level.

    Related Posts
    Treasury transformation must be built on accountability and trust
    Treasury transformation must be built on accountability and trust
    Financial services: a human-centric approach to managing risk
    Financial services: a human-centric approach to managing risk
    LakeFusion Secures Seed Funding to Advance AI-Native Master Data Management
    LakeFusion Secures Seed Funding to Advance AI-Native Master Data Management
    Clarity, Context, Confidence: Explainable AI and the New Era of Investor Trust
    Clarity, Context, Confidence: Explainable AI and the New Era of Investor Trust
    Data Intelligence Transforms the Future of Credit Risk Strategy
    Data Intelligence Transforms the Future of Credit Risk Strategy
    Architect of Integration Ushers in a New Era for AI in Regulated Industries
    Architect of Integration Ushers in a New Era for AI in Regulated Industries
    How One Technologist is Building Self-Healing AI Systems that Could Transform Financial Regulation
    How One Technologist is Building Self-Healing AI Systems that Could Transform Financial Regulation
    SBS is Doubling Down on SaaS to Power the Next Wave of Bank Modernization
    SBS is Doubling Down on SaaS to Power the Next Wave of Bank Modernization
    Trust Embedding: Integrating Governance into Next-Generation Data Platforms
    Trust Embedding: Integrating Governance into Next-Generation Data Platforms
    The Guardian of Connectivity: How Rohith Kumar Punithavel Is Redefining Trust in Private Networks
    The Guardian of Connectivity: How Rohith Kumar Punithavel Is Redefining Trust in Private Networks
    BNY Partners With HID and SwiftConnect to Provide Mobile Access to its Offices Around the Globe With Employee Badge in Apple Wallet
    BNY Partners With HID and SwiftConnect to Provide Mobile Access to its Offices Around the Globe With Employee Badge in Apple Wallet
    How Integral’s CTO Chidambaram Bhat is helping to solve  transfer pricing problems through cutting edge AI.
    How Integral’s CTO Chidambaram Bhat is helping to solve transfer pricing problems through cutting edge AI.

    Why waste money on news and opinions when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    Previous Technology PostHow UK councils can unleash their data, held hostage by ‘legacy spaghetti’
    Next Technology PostThe state of play of artificial intelligence in the electricity sector

    More from Technology

    Explore more articles in the Technology category

    Why Physical Infrastructure Still Matters in a Digital Economy

    Why Physical Infrastructure Still Matters in a Digital Economy

    Why Compliance Has Become an Engineering Problem

    Why Compliance Has Become an Engineering Problem

    Can AI-Powered Security Prevent $4.2 Billion in Banking Fraud?

    Can AI-Powered Security Prevent $4.2 Billion in Banking Fraud?

    Reimagining Human-Technology Interaction: Sagar Kesarpu’s Mission to Humanize Automation

    Reimagining Human-Technology Interaction: Sagar Kesarpu’s Mission to Humanize Automation

    LeapXpert: How financial institutions can turn shadow messaging from a risk into an opportunity

    LeapXpert: How financial institutions can turn shadow messaging from a risk into an opportunity

    Intelligence in Motion: Building Predictive Systems for Global Operations

    Intelligence in Motion: Building Predictive Systems for Global Operations

    Predictive Analytics and Strategic Operations: Strengthening Supply Chain Resilience

    Predictive Analytics and Strategic Operations: Strengthening Supply Chain Resilience

    How Nclude.ai   turned broken portals into completed applications

    How Nclude.ai turned broken portals into completed applications

    The Silent Shift: Rethinking Services for a Digital World?

    The Silent Shift: Rethinking Services for a Digital World?

    Culture as Capital: How Woxa Corporation Is Redefining Fintech Sustainability

    Culture as Capital: How Woxa Corporation Is Redefining Fintech Sustainability

    Securing the Future: We're Fixing Cyber Resilience by Finally Making Compliance Cool

    Securing the Future: We're Fixing Cyber Resilience by Finally Making Compliance Cool

    Supply chain security risks now innumerable and unmanageable for majority of cybersecurity leaders, IO research reveals

    Supply chain security risks now innumerable and unmanageable for majority of cybersecurity leaders, IO research reveals

    View All Technology Posts