If there’s one division across all businesses that has undergone the largest operational changes, it’s probably human resources, which has had to deal with productivity, absenteeism, working from home and travel restrictions. Having identified how businesses can best manage these challenges, HR tech company ELMO Software (ASX: ELO) has launched new modules for its platform that specifically address Hybrid Work and Wellbeing.
With the working from home phenomenon first sweeping the world as fears of the virus spread at the start of 2020, HR departments have been scrambling to maintain organisational productivity. This has required a larger amount of information be relayed around the organisation while also ensuring the health and safety of employees remains front-of-mind.
Addressing these HR requirements after calls from existing customers, ELMO’s new Hybrid Work and Wellbeing modules are aimed at automating some of these requirements while creating cross-sell opportunities for progressive workplaces that are permanently adopting recent trends in the post-pandemic workplace.
“Like many of our module releases, the idea for ‘Hybrid Work’ and ‘Wellbeing’ came about by listening to our customers’ feedback as we sought to address their challenges head on,” said ELMO Software CEO, Danny Lessem.
“Key to getting the hybrid model right is making sure that when people are in the office they are collaborating with their teams and across the broader organisation. To do this, businesses need to know who is going to be in each day to best coordinate that invaluable face-to-face time.”
Using the Hybrid Work module, businesses are able to set capacity limits across divisions and locations to give managers an idea of where employees are working from at any specific time, while ensuring capacity limits are not breached. This will also integrate with payroll functions where hourly work needs to be tracked.
As a byproduct of the working-from-home trend and fear around the virus, there has been increased attention around employee wellbeing, primarily due to changes in the work environment where organisations have had to adapt to new conditions.
For most, the flexibility to work from home has been a godsend which has saved countless hours in transit. For others however, it has had an adverse effect where the lack of human interaction has impacted mental health and subsequent productivity.
Identifying management issues in this area, ELMO has partnered with Acacia Connection, a specialist provider of employee assistance programs, for their Wellbeing module.
Through the Wellbeing module, employees are given access to confidential, professional, short-term, solution-focused counselling, 24 hours a day, 365 days of the year. Via Acacia Connection, the employee can contact one of the 1,300 experienced clinicians that can offer the counselling services face-to-face, over the phone, via video conference, or through live chat.
“It’s unsurprising that as a result of the pandemic many people are feeling burnt-out, tired and in need of extra support,” said Lessem.
“It’s no secret that when wellbeing suffers, performance suffers too. With the heightened pressures being felt by so many people, having support measures in place to foster wellbeing is important in creating sustainable high performance in the workplace.
“ELMO is continuing to respond to the ever-evolving market and innovating at speed with new modules that meet the needs of our customers.”
With HR departments continuing to adapt to pandemic trends that have become permanent, ELMO has seen a substantial uplift in annual subscriptions to their cloud-based HR tech platform.
In response to this, the Company recently increased their FY22 guidance where ELMO expects FY22 annualised recurring revenue to be between $107m-$113m which would represent a 28% – 35% increase on the previous year.
Alfred Chan is a Business Reporter at The Sentiment specialising in ASX-listed small cap companies, a bloodstock enthusiast and former equities analyst.
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