8.HR technology (Human Resources Tech)

8.HR tech 

HR tech is a rapidly growing industry. There are solutions for every aspect of HR, from recruiting to onboarding, global mobility, people management, learning & development, and more. 

"HR technology is not just an enabler, it is a game-changer" Josh Bersin,(2017).

"The rise of HR technology should not mean the fall of the human touch" Robin Schooling,(2018).

"HR technology can only succeed when it is married with human expertise" Ben Eubanks,(2019).

"The best HR technology in the world will still fail if the people using it don't embrace it" Mark Stelzner,(2018).

The right HR tech stack can transform a company’s ability to provide a compelling employee experience and retain talent in the long run. To reap the full benefits of these tools, it will be necessary to pair them with workflows and strategic processes that seasoned HR leaders possess.

8.1.Significance of HR Technology  

Human resources technology is significant because it has transformed the way organizations manage their HR functions, including recruiting, hiring, onboarding, training, performance management, payroll, benefits, and compliance. Here are some key implications of HR technology:

• Enhancing efficiency
• Improving accuracy
• Increasing employee engagement
• Enhancing analysis
• Transforming the workplace

Figer1.What are the reasons technology is important to human resources?

8.2.What is HCM

According to Gillis, (2024), Human capital management (HCM) refers to a set of practices and tools used for recruiting, managing, and developing employees. HCM views employees as valuable business assets to be managed objectively and invested in.

Youtube-What is HCM

8.3.HCM vs. HRIS and HRMS

Figer 2: HRIS vs HRMS vs HCM

In summary, HCM is a comprehensive approach to managing employees strategically, while HRIS and HRMS are software systems that enable HR professionals to manage HR processes efficiently. It's important to note that HRIS and HRMS are often used interchangeably, and their exact functionality and features may vary depending on the vendor and the needs of the organization.

7.4.How to use HR tech for Organizations.

In summary, HR technology can support and enhance various HR processes, from recruitment and hiring to learning and development, performance management, and HR analytics. Investing in appropriate HR tech solutions can help organizations streamline HR processes, improve employee engagement, and drive business success.

The organizations use HR Tech for the following processes.

• Recruitment and Hiring
• Employee Onboarding
• Learning and Development
• Performance Management
• HR Analytics

 8.5.What are the Current trends in HR technology

• Artificial intelligence (AI).
• Cloud-based HR systems.
• Self-service technology. 
• Improving the employee experience.
• Upskilling and reskilling.
• Supporting various work models.
• Committing to diversity, equity, and inclusion (DEI)
• Global hiring.

Conclusion

Overall, HR technology is rapidly evolving and adapting to the evolving needs of the workforce. As organizations embrace digital transformation, HR tech solutions are becoming more strategic and focused on delivering meaningful value to employees, HR departments, and the overall business.

References:

• - Bersin, J. (2017). HR technology: Disruptions ahead. Deloitte University Press.[Accessed 01 04 2024].
• - Schooling, R. (2018). The power of human connections in a tech-driven world. People Matters.[Accessed 01 04 2024].
• - Eubanks, B. (2019). Artificial intelligence for HR: Use cases and implications. SHRM.[Accessed 01 04 2024].
• - Stelzner, M. (2018). The formula for driving HR technology adoption. Human Resource Executive.[Accessed 01 04 2024].
• -Gillis, A. S. (2024, 03 26). TechTarget. Retrieved from HR technology (human resources tech): https://www.techtarget.com/contributor/Alexander-S-Gillis.[Accessed 01 04 2024].
• -You tube