THE FUTURE IS NOW: THE HR TECHNOLOGY REVOLUTION

Did you know 89% of HR leaders plan to increase or maintain their technology budgets for 2024?

Technology infiltrates every aspect of our lives, and the HR function is no exception. Rapid evolutions in HR technology continue to transform the workplace, offering opportunities to streamline operations, enhance engagement, and drive strategic decision-making.  The advantages of HR technology extend beyond task automation. Such systems provide insight into employee performance, retention rates, engagement levels, and more, empowering leaders to make data-driven decisions. HR tech improves the overall employee experience, providing resources, simplifying onboarding, and improving training to boost productivity and satisfaction. 

2024 HR Tech Trends

Implementing AI: Generative AI moves out of the experimentation phase and AI-powered tools continue to fine-tune their platforms with 61% of CHROs planning to invest in AI in 2024. With this increase in technology comes responsible AI, practices encouraging ethical, compliant use of AI in the workplace. 

Enhancing Employee Experience: Employee experience proves to be a critical concern in 2024, with 66% of technology decision-makers planning to increase investment in employee experience or HR technologies designed to improve efficiencies. 

Comprehensive HR: 29% of HR leaders identify integrated HR service management platforms as pieces of software that drive the most impact on their organizations. HR knowledge bases, core HR management software, and virtual assistants serve as essential tools for streamlining day-to-day operations. 

Employee Analytics: HR leaders increasingly leverage analytic technologies to predict talent trends, identify skills gaps, gain insights into employee performance, and target employee engagement. 65% of employees in organizations with a culture that values people analytics report that their companies outperform competitors. 

Top 10 Tips for HR Technology

1. Align tools with organizational goals. 

2. Prioritize tools that are accessible, easy to use, and mobile-friendly. 

3. Develop a change management and implementation strategy for new tools. 

4. Establish clear expectations surrounding HR technology use. 

5. Ensure data privacy through robust systems and cybersecurity training. 

6. Integrate data from all systems for holistic insights. 

7. Use HR technology to automate routine tasks and compliance processes. 

8. Leverage predictive analytics for strategic planning and data-driven decisions. 

9. Use HR technology to personalize the employee experience. 

10. Provide employees with self-service HR tech options. 

Stay on the cutting edge with PuzzleHR! Whether you need assistance determining which tool is right for you or building a robust change management strategy to implement a new resource, PuzzleHR can help your HR tech program thrive! Contact us today to learn more