Human resources (HR) is an important function of any business that centers around hiring, onboarding, training, and employees. HR tech is software and hardware designed to simplify these processes, and is extremely important to support these functions within any business. In fact, HR tech helps to make HR tasks 40% faster, recruiting tasks 23% faster, and decreases turnover by 17%. All of these massive improvements lead 83% of HR professionals to report that they have witnessed a positive return on investment when using this technology and a 43% increase in employee satisfaction.
So what exactly is HR tech? It comes in a variety of different forms. There are performance management softwares that track employee goals, performance, and objectives. Applicant tracking systems monitor candidates from recruitment to hiring. There are workflow automation systems, candidate management software, and talent marketplace platforms as well. One of the most innovative new softwares is an employee referral software that asks existing employees to refer new talent in exchange for gifts or benefits. This software is able to boost employee referral hires by 5x and decrease employee turnover by 50%. There are so many benefits that come with HR tech, and businesses should consider adopting it to improve their processes. An HR tech PR agency can take your company to the next level.
Source: Talent Tech PR
