Why HR Spreadsheets Stink

Post on 11-Nov-2014

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Why using spreadsheets to manage HR data stinks, what it's costing you, and what to do about it. You don't have to be a slave to your spreadsheets. There are better options that will actually save you time and money. $ Cha Ching! $

Transcript of Why HR Spreadsheets Stink

One of life’sgreatest mysteries:

What happened to the other sock?

It’s like magic the way a sock can disappear—then reappear

anywhere.

You find stinky, balled-up socks tucked into bags or stuffed between couch cushions. Scattered everywhere, kind of like HR spreadsheets.

But we know it’s not your fault.

You probably inherited HR spreadsheets or used them as a coping mechanism.

And kept feeding them data no matter how bad they were …

19801970

19902000

because for decades there was no alternative.

Like dirty socks, spreadsheets stink!

5 reasons why spreadsheets STINK:

They waste time.

They’re inaccurate.

They can’t report.

They lack security.

They’re not universal.

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SPREADSHEETSWASTE TIME.

1

Some of your employees may work in different locations.

When does Bob’s scuba-diving certificate expire?

Or how about Jane’s Jamaican passport?

Where’s that info?Was it saved by location or title?

By the time you check all those spreadsheets, you could have gone scuba diving in Jamaica yourself!

SPREADSHEETS AREINACCURATE.

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Inaccurate spreadsheets can kill your credibility!

More than

of company spreadsheets have significant errors

YIKES!

A scandal erupted involving JPMorgan Chase underestimating its synthetic credit portfolio, due to an error in an Excel spreadsheet used to model risk, “which ultimately led the bank to declare $6 billion in losses and could lead to another $600 million in fines.”

—Heather Timmons wrote in an article entitled“Damn You, Excel Spreadsheets” dated August 29, 2013

Your workforce data represents your people—and you. If it’s not accurate,

you seem untrustworthy.

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Not only that, missing data or undocumented employee info can sink you later.

“Watch the little things; a small leak will sink a great ship.”

—Benjamin Franklin

Over fifty percent of companies have had some sort of lawsuit filed against them.

Now that stinks!

You have got to be prepared for a potential audit with accurate documentation.

SPREADSHEETS CAN’T REPORT.

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Generating reports from spreadsheets can take hours…or even days!

By that time, the information may already be outdated—and the moment of decision has passed.

Now you need to start all over on a new report!

Or you’ve missed an opportunity to make a difference.

“Our lives are defined by opportunities, even the ones we miss.”

—F. Scott Fitzgerald

SPREADSHEETS LACK SECURITY.

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HR has to store lots of super sensitive information—like social security numbers, addresses, and other private information.

That’s a ton of confidential data!

Here’s a scary stat:

Fifty percent of identity theft happens because employee records weren’t properly stored.

And ninety percent of stolen business records are from HR!

That sensitive stuff shouldn’t be stuffed into filing cabinets—or even digital files all in one location (like at the office).

What happens if there’s a fire, flood, or other disaster?

SPREADSHEETS ARE NOTUNIVERSAL.

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People are different.

We all do things differently.

Are you stuck using spreadsheets with formulas and tabs set up by the HR person who worked there a bazillion years ago?

What if the decoder key to your company’s bizarre tracking system exists only in the head of the last person who worked there?

This sets you up for failure.

And we won’t even mention the time (which equals money) that’s wasted with those old spreadsheets.

So, how can you fix your spreadsheet problems?

What are your options?

Well, we’re glad you asked.

HR software can solve your problems, but the software you

choose needs to actually be better than spreadsheets.

You need to make sure you’re getting the right software for your company’s needs.

It should simplify your job andyour life.

It just makes sense to have all your employee data in a single, secure database.

Stop spending valuable time searching, gathering, and compiling information that’s scattered everywhere.

It’s got to be easy to use—the interface should be clean, fast, and fun!

You need a drag-and-drop dashboard you can easily customize. So you only see the info you use most!

Having custom reporting eliminates hours spent poring

over spreadsheets.

You should be able to easily create reports for things like employee turnover, additions and terminations, time off—or employee census—on demand, with just a few clicks.

Sometimes a reminder can save you.

Built-in and custom email alerts should be sent to remind people about benefit eligibility, birthdays, license expirations, and training renewals.

This can save you hours not having to manually update spreadsheets and calendars. And you won’t miss critical deadlines or forget to wish Cassie a happy birthday!

Your company needs features designed specifically for its needs.

Your HR software should include the fields, tables, and tabs you

need most.

You name it? You got it!

You should be able to create unlimited types of time-off—like sick, vacation, jury duty, sabbatical, FMLA, or bereavement.

That makes it easy for your employees to ask for time-off and for you to approve it!

All your employees aren’t going to have the same benefits. You need to check who is enrolled in which benefits. Also, who is eligible and when.

Can I get an email alert for that, please?

You’d better be able to update multiple employee records by type or group—like showing who was at that training session—so you’re not updating records one-by-one or worse, creating a new spreadsheet for that.

The HR software you choose should have the most competitive price with all the right features.

No more, no less.

And make sure you choose a software that gives you the best support possible.

Free and friendly.

Any of that sound good to you?

So now that you know what you want, what do you do?

You can start by going to bamboohr.com

is a refreshingly simple alternative to stinky spreadsheets.

We’re certain you’ll want to throw out your stinky spreadsheets.

And you’ll find all of your HR data nestled together in a single database, like a drawer full of clean, paired socks.

Welcome to

We’re excited to meet you!

Contact us801.724.6601 | sales@bamboohr.com