Human resources (HR) functions in most major businesses are changing as a result of modern technology. These functions include hiring, onboarding, and retention of employees, and businesses can benefit greatly from simpler and more efficient processes. HR tech is the broad category of software that supports these operations, and it is currently used by about one in three HR professionals. There is a lot of support for this technology shift: 78% of workers say it enhances their overall experience at work, and 75% of HR specialists say it makes hiring easier. 82% of businesses agree that HR technology is essential to the success of their organizations.
There are significant benefits that result from the integration of HR technology, such as a 40% decrease in the time needed for HR tasks, a 23% faster recruitment process, and a 17% lower rate of employee turnover. Additionally, 83% of HR specialists feel that there has been a favorable return on investment from using this technology. Examples of HR tech include application tracking systems (ATS), performance management systems, and employee referral platforms. All of this software can result in cost savings and long-term staff retention making the decision to find an HR Tech PR Agency the right choice for you.