HRsmart Introduces New OffBoarding Solution

HRsmart, a provider of talent management technology solutions, today introduced an off boarding solution to help streamline the employee departure process. The new OffBoarding solution reduces security risks resulting from departing employees, allows line management to participate in the process reducing the human resources work load, provides metrics and combines four functions to help companies better manage talent and reduce turnover.

HRsmartís OffBoarding solution facilitates the creation of exit surveys to be completed by departing employees within days of termination. These surveys give managers, as well as human resources departments, the opportunity to analyse key termination issues and recognise trends, reducing turnover.

The solution also helps reduce security risks by tracking employee assigned passwords, security access, and assigned company assets to help managers oversee their return, monitor the cancellation of third-party account accessósuch as HRIS, CRM system or other subscription based services--and upload necessary paperwork and employment history reports involved in the termination of employees.

In order to help with the outplacement of employees who have been terminated as a result of redundancy, the solution includes a CV bank that is available to other companiesí recruiters, allowing them to search departing employeesí CVís for possible candidates. Subsequently, it provides a central location for logging and reviewing whether or not an individual is eligible to be rehired within the organisation.

The solution is a part of HRsmartís Alumni portal, which provides ex-employees with the means to stay in touch with the company and keep their contact information, CV and other career data up-to-date. The Alumni portal can also include links to other benefit sites companies may offer their ex-employees such as career and retirement management sites and others.

ííHRsmartís complete suite of talent management solutions help organisations manage all of their human capital, from sourcing the candidate and integrating them into the organisation to development and, when the time comes, retiring the individual from the company,íí said Chris Buckley, HRsmart United Kingdom. ííOur new OffBoarding solution completes the suite by ensuring necessary actions have been taken and documented when an individual leaves the organisation.íí

The uniformity of processes created through the HRsmart OffBoarding solution can help managers complete the termination process with fewer errors that could cost their organisation time and money. Important records are stored in one central location, improving efficiency and reducing paperwork within the organisation.