According to a CareerBuilder survey conducted earlier this year, a growing talent gap has top executives increasingly relying on HR leaders for innovative business strategies rooted in data. The same survey found that 60 percent of CEOs believe that their companies have not been able to reach their full potential because they cannot find enough qualified candidates.
The key factors behind the HR technology trends include the rise of the millennials in the workplace, shrinking labour pools, and the difficulty engaging and retaining employees.
Based on market research and insight from customers and partners, Navera, a leading provider of cloud-based benefits engagement solution provider believes 2016 will be the year of “technology firsts” for HR.
“HR departments are quickly becoming more influential members of the executive team as companies struggle with engaging and retaining employees,” said Steve L. Adams, president and CEO of Navera. “As a result, HR needs to be as digital and data savvy as other functions within their organization. The market is responding by delivering innovative technology solutions able to meet the needs of the modern-day HR executive.”
Top HR Technology Predictions for 2016
- Employees First: Many organizations are running on HR technologies implemented five to 10 years ago, with the focus on systems of record for company use. But today’s competitive labour market means that employees are the most important consumers of HR technologies, and that means employees’ needs will come first with the focus now on systems of engagement. Solutions that emphasize on the needs of employees as much as on the needs of the employer are signalling the upcoming trend in HR technology in 2016.
See: Top 10 Disruptive HR Technology Trends for 2016
- Millennial First: As baby-boomers retire, millennials will soon make up the majority of the workforce. Comprised of workforce aged between 18 and 34 in 2015, millennials already represent one-third of the current workforce.As a result, the needs of tech savvy millennials will need to be at the forefront of HR’s agenda. Expect HR to demand technologies and services to help them better understand and meet the needs of this core talent pool.
- Consumer Experience First: Driven by the need to attract and to retain talent, many of whom are millennials, HR will need to change the way they engage with current and prospective employees. Born and raised in the age of the Internet, millennials expect contemporary consumer experiences from technology.The result will be a growing number of HR technology solutions that present consumer-like experiences with immediate feedback mechanisms and quick and easy ways to get information or to complete simple transactions.
- Mobile First: With the explosive growth of Smartphone usage, the movement towards mobile (versus the desktop alone) is inevitable for HR technologies. According to a recent Bersin by Deloitte report, mobile is poised to become the primary HR technology platform of the future.
- Real Time, Data-Driven Decision Making First: The previously mentioned CareerBuilder survey also found that an overwhelming 90 percent CEOs believe it’s important that HR leaders be proficient in workforce analytics, with 35 percent saying it’s “absolutely essential.”
Current methods such as annual HR surveys, direct feedback, or word of mouth will either be blended with or replaced by technology-enabled solutions that provide real-time insight into what employees want most.
Also read: HR Tech Innovations Forecast in 2016
Image credit: talentculture.com