Why Farsight’s HRIS is Essential for Financial Services?
In the last few decades, the financial services sector has undergone a paradigm shift and the new-age technologies have enabled the industry to take the next leap into the future. The manual and conventional systems, which were labor-intensive, were the causes of procedural delays, outdated and inaccurate information, incorrect documentation, redundancy, leading to escalated expenditure for storing files and their safe keep. Besides, as the sector grew, it began facing other regulatory challenges such as the Senior Managers Regime (SMR), Performance & Compensation Management and Succession Planning, which needed immediate attention and intervention of the human resources department. The boardroom priorities like configuring policies, integrating and bridging the compliance mismatch made the HRM’s presence universal.
To serve the financial institutions, which are high intensity, high performance and high risk, Farsight’s strategic HR module provides an extremely responsive and fully-integrated platform to manage and record the entire employee records. Farsight brings together the compliance and HR allowing financial organizations to successfully administer and reduce their risk profile and achieve substantial saving in man hours and cost and efficiency across the process in the organization. Farsight’s automated system transforms the manual processes to computerized systems offering feature-rich, broad-based and self-contained HRIS.
Risk & Compliance: Bridging the disparity between compliance and HR, reduces an organization’s risk profile while centralizing data related to human capital risk
Talent Management: Authoritative recruitment, on-boarding and talent management modules ensure seamless management of an organization’s workforce requirements
Succession Planning: Managing large-scale global workforce pools and developing a succession strategy enabling an organization’s success in the future
Learning & Development: Creating a high resource organization with competent learning and constant professional and personal development module
Real-time Analytics: Robust insights and analytics helps in delivering the compensation, workforce and performance requisite data for tactical progression.