Advancements in modern technology are getting more frequent, which puts early adopters at an advantage in staying ahead of their competitors. HR and Recruitment are especially viable since they are one of the most fast-paced industries that can test out the technology’s effectiveness.
Recruitment trends change along with the challenges you face in today’s workforce. But 24% of Chief Human Resources Officers say they don’t understand how HR technology can impact talent management. This can make it harder for your company to grow and build a reliable team with the right skills.
The Benefits of Technology in HR
The use of modern-day tools and programs can help you get rid of obsolete HR practices to help your business find the best talent possible. Here are some of the most common advantages that you can gain by adopting the latest tools in HR technology.
- More efficient hiring process
HR managers get multiple applications daily, especially when your company needs to fill several roles at once. Rather than going through each candidate manually, AI-based tools can help speed up different parts of the process.
Functions that can be automated include job postings, interview scheduling, sending out reminders, and tracking your operations. This helps make your hiring process more efficient and simpler to manage.
- Easier onboarding process
Using new technology in HR management ensures that you can create better recruitment strategies from start to finish. This includes building a solid onboarding experience by using dedicated software that helps new employees be familiar with their roles.
Onboarding software is a great solution to lessen duplicate paperwork since digital signatures and forms are automatically generated and sent to the respective contact. The lack of physical forms and documents also creates a simplified way of organizing your data where search functions can quickly locate it.
- Secure yet accessible data storage for HR documents
HR teams can be at a higher risk of facing cybersecurity threats because of the large volume of data they handle daily. But with the use of secure platforms like cloud storage, you can safely store your digital data without needing to worry about threats getting in.
Another notable advantage is the convenience it gives you with your remote work policy. All employees can access the data they need through the cloud while you control their access points and keep a secure lid through verification and tiered authorization.
- Employee performance analytics
Continuously hiring new employees does not always equate to company growth. When this happens, HR managers need to rely on monitoring tools that help them figure out what is going on in every aspect of the business. This typically means looking at employee performance, turnover rates, and other related factors.
These days, there are multiple tools with developed AI and machine learning technology that can automatically gather data for you. It can also give you valuable insights that may have gone unnoticed before.
- Multiple channels of communication
More companies are adopting hybrid work setups to accommodate the new trends and demands of the current workforce. This emphasizes the importance of advanced video conferencing tools and messaging apps to ease communication even when in remote locations.
HR managers have the advantage of using platforms like cloud-based project management software to voice out information to multiple employees at once. Similarly, employees can reach out to their team leads about concerns like taking a day off by submitting the proper HR forms online without having to contact an HR staff.
- Better employee engagement
Employee satisfaction is an essential factor that HR managers need to be aware of to prevent high turnover rates and improve productivity. While you can host team engagement events, the best way to know how your employees feel is by asking them directly.
An easy way to gauge company work satisfaction is by using tools like survey forms with analytics that you can study. You can also use simple options like an HR chatbot, so your employees can reach out to you directly for immediate concerns.
These bots can be programmed to answer the most common queries by themselves and filter the more delicate concerns that you can delegate to your HR staff. This leaves them more time to do more crucial tasks.
Gamification helps keep everyone motivated and engaged by turning daily tasks into fun games. It can also be an effective way of boosting your recruitment process. For example, Google often hosts coding competitions for potential employees to showcase their skills and talent. In this situation, the winners get job offers as a potential prize.
The Future of HR Technology
Technology in HR can now perform many complex tasks that help you save time and resources. It can also grant plenty of other benefits to boost employee experiences and talent acquisition. But some management teams still don’t fully understand how they can unlock their full potential through these tools.