Human Resources (HR) departments have been introduced to a whole new world of innovative technology that streamlines solutions and efficiency in the workplace. From recruitment and onboarding to performance management and employee engagement, HR technology trends are revolutionizing the way organizations manage their workforce. Here are some of the latest HR technology trends that can enhance and reshape the HR landscape to drive efficiency goals.
The era of AI is here and it is time to use it to our advantage. According to Jobylon, 43% of Human Resources professionals are already using AI in their hiring processes. Recruitment takes time and money to source and screen candidates and to conduct interviews. AI has made this process much faster, saving time and resources.
There is a large market for AI recruitment softwares, and as AI continues to develop so will these softwares. It won’t take away the work of HR, it will only make the process more efficient and smooth. But it is important to use AI as a tool to assist, not to do the entire recruitment process.
HCM systems are platforms that assist in the management of employees. It includes recruitment, payroll, benefit management, and more. HCM is a great tool to keep organized. These systems typically incorporate multiple functionalities and modules to manage different HR processes. Consider adding HCM systems to your HR departments to improve efficiency, reduce administrative burden, enhance employee satisfaction, and allow HR to focus on greater organizational goals.
Employee feedback softwares offers several benefits for organizations, contributing to improved employee engagement, performance, and overall organizational effectiveness. Technology has granted companies the ability to give feedback on a digital platform. Feedback makes an overall corporation stronger and a positive work culture. In fact, according to Gallup, organizations with high employee engagement experience 17% higher productivity, 20% higher sales, and 21% higher profitability compared to those with low engagement.
Performance management software helps companies facilitate the process of setting, tracking, and evaluating employee performance within organizations. This software typically offers a range of features to support many aspects of performance management, including goal setting, performance reviews, feedback collection, and employee development. These softwares include a 360-degree feedback feature which allows organizations to provide and recieve feedback from supervisors, peers, and subordinates.
Investing in online learning and development programs is extremely beneficial to a company. It allows for employees to learn at their own pace on their own time and offers a larger range of resources. L&D Programs also increase employee retention rate because it shows the employees that the company is willing to invest in their success. Since online training doesn’t require extensive infrastructure setup or trainers to travel, organizations can save almost 30% of training costs.
With the rise of remote work and the use of smartphones to access information, HR apps are a great addition to companies. HR applications enable employees to access HR services and information from anywhere at any time. This includes features like mobile-friendly onboarding, time tracking, and communication tools as well as many of the softwares and programs listed in this article. It makes HR services more convenient, accessible, and efficient.
To enhance work cultures and environments, the use of wellness and mental health applications can encourage employees to prioritize their well-being in and out of the office. These apps offer resources for stress management, mindfulness, fitness tracking, and access to counseling services. According to Glassdoor, 80% of employees would choose a job with benefits that support their mental health over a job that doesn’t.
By embracing cutting-edge HR technology trends, organizations can streamline processes, enhance efficiency, and create a more engaging, caring, and productive workplace environment. From AI-powered recruitment tools to HCM systems and employee engagement platforms, the possibilities are endless. Trends are constantly evolving so it is important to keep yourself in tune with emerging trends. By staying on top of the latest trends and investing in the right technology solutions, HR departments can position themselves as strategic partners in driving organizational success and employee satisfaction.