How Outdated ERP Can Hurt Your Entire Workforce
Is your current legacy ERP system reducing your business’s potential by scaring off talented younger workers? According to Inc. magazine, by 2020 millennials will make up 50% of the American workforce, and by 2025, millennials will comprise 75% of the global workforce. Economies and businesses are changing, and attracting and retaining new talent is key to sustainable growth for your business. So what’s all this have to do with your ERP solution?
Legacy ERP interfaces can deter younger workers
Legacy on-premises ERP systems were originally designed 25-30 years ago, and they’re nearing their end of life. Microsoft Dynamics GP, for example, is 30 years old. Business strategies and needs have changed a lot in the past three decades, and what was once innovative is now often inadequate.
The user interface (UI) of many legacy ERP solutions, for example, is a 1990s style interface that was originally designed for 14” monitors with 800 x 600 resolution. The task pane is small, doesn’t show a lot of information at once, and is slow to navigate. By contrast, millennials expect and sometimes demand innovative and efficient technologies with intuitive UIs that will help them (and your company!) thrive in the modern economy.
New employees don’t want to learn complex workarounds
Business models and needs have changed dramatically in the past few decades. For example, reporting used to be a simple historical and compliance-based exercise and it played much less of a role in daily business decision-making and strategy. As a result, legacy ERP systems lack the reporting capabilities your business needs to enable strategic growth in the present-day economy. Many businesses cope by using an external application for their reporting, which requires workers to use multiple UIs on a regular basis. On top of this, you may have developed a host of complex workarounds for other tasks that your primary ERP system can’t fully perform – adding yet another level of inefficiency for your new workers to learn and deal with.
New employees, regardless of their age, don’t want to learn the numerous complex workarounds that your business has developed over the years to cope with the inadequacies of your legacy ERP system. The lack of productivity and ensuing frustration that result can lead to an unhappy workplace and reduced employee retention.
Implementing a modern ERP solution can attract new talent
Modern cloud-based ERP solutions offer a variety of advantages that draw talented young workers to your organization:
- Modernized UIs improve productivity and reduce worker frustration.
- Access to real-time data helps employees stay informed about organizational goals.
- Improved efficiencies help workers feel more productive and relevant to the company’s mission.
- In an era of remote workers, built-in collaboration tools can help employees stay engaged with each other.
- Automation of recurring processes helps workers spend less time on repetitive tasks and more time helping the organization strategically with added-value work.
- Successful, growing businesses attract successful, talented workers.
That last bullet is particularly key to your organization, so let’s explore it more:
Talent attracts more talent
Maintaining great workplace culture is at the heart of your business’s success. World-known industry analyst Josh Bersin identifies factors of the positive employee experience which include “productive environment,” “meaningful work,” and “trust in leadership.” By improving efficiency and revealing key operational and financial metrics, an innovative cloud-based ERP solution can encourage sustainable business growth and affect the employee experience for workers throughout your organization, not just those in Finance.
Learn more about cloud-based ERP
With our focus on helping businesses achieve growth with better technology solutions, The Resource Group fully understands the benefits of implementing a top-quality ERP system for your business. Contact us today to learn more about cloud-based business management solutions and how they can benefit your entire workplace.