The HR structure of a company is its backbone; in case it is not united, the number of inefficiencies, redundancies, and disengagement of employees increases. WalletHR HRMS has already an extended list of functions, including attendance, payroll, leave, performance appraisal, analytics, mobile, core HR data, training, etc. In the meantime, Skills Caravan LMS (or Learning Experience Platform, LXP) provides an AI-driven system of delivering learning, skills benchmarking, personalization, gamification, content library, and analytics. Incorporating both the WalletHR and Skills Caravan, organisations can combine both the HR data and the learning and development in a manner that enhances performance, upskilling faster, reducing overhead costs, and enhancing decision-making. Five reasons why it is an interesting idea are mentioned below.
Disintegrated data is one of the largest issues facing Hr teams. The core HR data, such as employee profiles, org-structure, attendance, leave, payroll and performance, are already under the management of WalletHR. Another leg that Skills Caravan adds is skill assessments, learning history, analysis of skill gaps, and the learning paths designed to fit each employee. By bringing the two together, you get the whole employee record: who he is, what his abilities are, how he performs, what learning he has done, and what he needs. This source of truth alone does away with duplication, minimizes the chances of error in manual transfers, guarantees precision of metrics and makes reporting significantly more dependable. Decision-makers do not only get to view at a glance absenteeism or payroll costs, but also the impact of learning interventions on performance, turnover, or satisfaction.
In addition, since Skills Caravan enables the comparison of skills against industry standards or expectations in the given role, the combined system will provide HR leaders with a better idea of where there are gaps, strengths, and upcoming training investment opportunities. With that talent-data matched to payroll and performance with WalletHR, you can make decisions such as promotions, compensation changes, or role change based on actual evidence instead of a feeling.
New employee onboarding can be a tedious task that can consist of administrative forms, training placements, policy briefs, compliance courses, etc.; when managed through fragmented systems, it is usual to find delays or oversights. The administrative onboarding (employee master data, attendance settings, payroll setup, access, etc.) is administered by WalletHR. Competency, paths to learning and benchmarking Skills Caravan takes care of the assignment of the necessary learning modules, verification, and the management of the learning process through the learning paths. New hires can automatically receive their onboarding learning schedule the moment they are enrolled in the system and avoid wait time or manual configuration.
But it’s not just onboarding. To sustain a state of continual learning, this integration implies that learning is an aspect of employee lifecycle, as opposed to a bolt-on. With the changing roles, the WalletHR performance feedback triggers specific training at Skills Caravan thus keeping the employees abreast. This continuous learning minimizes skills obsolescence, enhances morale and retention grows. Statistics indicate that organisations that invest in formal onboarding are capable of retaining as many as 82 percent of the new employees.
WalletHR has HR analytics dashboards: turnover, attendance, performance metrics, etc. Skills Caravan adds to that, and skills maps, learning progress, engagement metrics, competency benchmarking, and so on. Integrating the systems allows the HR leaders to see the Big Picture, what learning programs are actually moving the needle on performance, what skills are associated with improved productivity, what departments are performing poorly or what roles are bottlenecks because of training deficiency.
This allows the allocation of budgets strategically: instead of generic training, you are able to invest in those areas where you can measure the ROI. As an illustration, you can make comparisons between performance appraisal ratings during WalletHR with the training completion rates during Skills Caravan and you may find out that there are some training tracks that will result in 20 to 30 percent improvement in performance. Such understanding can be used in workforce planning and succession planning and even in determining where to recruit vs. to upskill. Moreover, it becomes easier to comply with or audit reports in cases where learning records, certificates and training completion are automatically drawn into HRMS records.
Hand data entry, system-system reconciliations, tracking the completion of required training, everyone updating their learning history, all these of the HR spend time and leave chances of errors. Many HR functions are already automated by WalletHR: the attendance, payroll, performance appraisals, leave, etc. Skills Caravan automates many learning processes: the courses are assigned, learning paths are generated, mandatory training is scheduled, progress is tracked, credentials are issued. Much of the duplication is eliminated in case it is built in. As an example, after a course has been passed within Skills Caravan an HRMS record (through WalletHR) may automatically indicate that completion, issue a certificate or even be marked as non-compliant.
Through this, the HR employees are able to focus more of their time on more strategic HR practices: performance coaching, talent acquisition, employer branding, etc. instead of spending it on the dull administrative controls. There are also reduced errors such as mis-entered learning completions, lost training data, missed compliance, etc. because of less manual processes. This results in increased internal audit compliance, reduced risks and increased trust of HR data amongst the leadership.
The employees appreciate well-defined career advancements and rewards. The LXP of Skills Caravan is designed to do so: it provides individual learning experiences, skill management (benchmarking and rewards), library-like content (technical and soft-skills), and dashboards. Employees become more motivated when they have awareness of what they are expected to master, they can see their progress, they receive motivation after reaching milestones, and they know how they are performing at their workplace (monitored in WalletHR).
The retention rate will be enhanced when employees feel that they are being invested into by the employer. Research has indicated that organisations that are concerned with continuous learning and feedback have a low turnover. Although I was unable to find the exact figure in the case of WalletHR or Skills Caravan integration, general searches (e.g. within HRMS-LMS literature) point to the idea that training-based engagement has the possibility of increasing retention by 10-digit margins. When WalletHR and Skills Caravan are combined, it is possible to integrate the learning outcomes into the HR process- appraisals, increase in salary, a shift in a position. Such visibility and level of fairness enhances employee loyalty. Besides, mobile apps, geo-fencing (to record attendance), dynamic data and general visibility provided by WalletHR, access to easy and engaging learning offered by Skills Caravan make employees feel more empowered and more supported.
To understand why integration works well, it helps to list key features of Skills Caravan that align with HRMS systems like WalletHR.
Isolated HRMS and LMS/LXP systems lead to companies being left with disjointed data, slower onboarding process, disengaged employees, learning opportunities that are missed and lost administrative time. Organisations can fill that gap by integrating WalletHR and Skills Caravan: combining HR and learning data, fast-track onboarding and ongoing upskilling, smarter workforce planning, fewer errors and reduced administrative workload, and increased engagement and retention. Combining the key HR, payroll, attendance, performance modules of WalletHR with the intelligent learning provided by Skills Caravan, the benchmarking, gamification and analytics of Skills Caravan produces more than the total of the parts. This is an effective road to go in organisations that seek not only to control but to develop people.
If you want to see how this works in practice, how WalletHR & Skills Caravan can transform your learning & HR operations, book a demo of Skills Caravan today. You’ll get to explore the integrations, see your data, and understand how you can immediately begin realising value.