Experts tell You Why HR Technology is Significant for Enterprises Today
The truth about Enterprises today is that they need to embrace digitisation in order to stay ahead of the game in the highly competitive market. On this journey towards digitisation, the key requirement is the use of Technology for the automation of the various business processes by investing in the right set of software, tools and platforms. While this calls for an initial investment, the returns in the long run make it a successful business decision. Surprisingly enough, there is technology available for the successful digitisation of every business process today and this applies to every department of an organisation.
When it comes to the HR department, you have new age HR software that is designed to automate every function of the HR, making it possible to digitise the complex process of HR and employee management. Digital HRMS is an example of an advanced integrated HR software platform that comes with dedicated modules for every HR function. A platform like Digital HRMS is what the HR department needs today in order to implement the process of digitisation.
However, one might wonder how significant HR technology really is for Enterprises today and so we bring for you what the renowned HR experts say about the significance of HR Technology for Enterprises today.
1] Ignoring Tech is Commercial Suicide in Today’s Business Climate
Barry Flack, HR and Business Change Mentor, talks about how the enterprises today are waking up to the need for advanced HR technology. In one of his interviews, he says, “A decade ago, I was the oddball advocating HR Technology when our profession viewed it as an obvious threat to be managed… Thankfully the tables are turning.”
Talking about how organizations are sometimes not very sure how their employees will adapt to new HR technology, he says, “Whether people fear the risk to their reputation, or the data-related issues, we need to move on from the opinion that we can’t trust employees with new technology.” He further adds, “HR Tech is an amazing enabler to enhance productivity. It lets us focus on the important stuff, like engaging personally with our people.”
2] AI is all Set to Revolutionize HR Technology
Bill Kutik, leading influencer and expert on HR technology, talks about how artificial intelligence is all set to bring new avenues to HR technology. He mentions in his blog, “Artificial intelligence will be another successful big new technology for HR.”
Bill explains how AI will be the next big thing in HR technology. AI is making a big difference in our lives already, with the advent of smart devices like Google Home and the Amazon Alexa. With AI bringing in that factor of smartness, the future looks promising, but currently even though almost every HR Software provider is talking about AI, as Bill says in his blog, “almost nobody agrees on what that umbrella term actually means, including full-time AI experts. There were 2,300 attendees at the recent AI World Conference in Boston, with reportedly half as many differing opinions.”
3] HR Technology is a Powerful Means to Employee Empowerment
Karen Azulai, Co-founder of HRTechnation, insists on the role of the new age HR tech as the ultimate tool for employee empowerment. She states in her blog, “As I see HR Tech now, it is nothing more than a MEANS
TO AN END. An ENABLER. And, that is in my opinion, the total and outmost empowerment of people in the workplace…”
Karen talks about how the new age HR solutions are designed to make the employee feel more empowered than ever before. And today, we’re indeed witnessing how new age HR solutions are revolutionizing employee empowerment, as employees now have the power to perform basic activities themselves through the HRMS portal. What’s more, the new age HR software has made it possible for employees to track the status of the requests they have created. Karen writes in her blog, “most CEOs or many CEOs are beginning to realize that employees are actually more important than customers because the employees are not happy, the customers aren’t happy either.”
4] Small Businesses & Startups Need to Leverage HR Technology Early On
Sabrina Baker, founder of Acacia HR Solutions which is a HR consulting firm based in California, recommends that small businesses and startups start investing in HR technology early on, before waiting for the team to grow upto a specific team size. She mentions in her blog, “Whenever a small business asks me when they should make that second HR hire, I ask them to tell me about their technology stack first. It may be that an investment could be made in technology that could irradicate the need for additional support.”
Sabrina explains why small businesses need to leverage HR technology before they think of expanding their HR team. In her blog, Sabrina says that more often than not, small businesses run HR processes manually with the help of MS Excel or some legacy software that is a far cry from the latest HR technology available today. In such a scenario, there is a huge scope for a HRMS software. She further talks about the 2 primary reasons she recommends investing in technology, as she mentions, “First, implementing technology is cheaper the smaller you are. If you go with a larger tech system you can start with just what you need and then build as you have the additional need and budget to do so. Second, if you hire before leveraging tech, you are simply passing on manual processes to another person. Nothing gets automated or streamlined.”
5] HR Technology provides Organizations what ERP Systems Cannot
Tim Sackett, President at HRU Technical Resources and a HR/Recruiting Talent Pro, compares the capabilities of ERP systems with that of core HR technology when he says in his blog, “In a world where big ERP systems are taking over HR technology (Oracle, SAP, Workday) there is a need for technology for organizations that actually need some higher-level ability when it comes to learning, reskilling, performance, and talent management.”
Tim tells you why HR technology is irreplaceable even though ERP systems like SAP are taking over the functions of HR software in many organizations today. In his blog, he explains why HR technology should matter to you as a business owner. HR technology comes with capabilities that your ERP software can never completely compensate for, when he says, “The enterprise ERP HCM systems are actually fairly good at core HR and payroll, but fairly vanilla when it comes to things like learning, performance, and recruiting.” There are aspects like training, performance assessment, employee empowerment and bringing new talent on board, that will always remain beyond the scope of ERP systems, which makes HR software a must-have.
So, that was a few ideas shared by leading HR experts on the HR technology and its importance in the current scenario. There are many reasons an enterprise today needs to invest in HR technology and you can explore them in the blog.