Statistics has revealed that organizations spend billions of naira globally in the HR tech industry. This simply symbolizes that the industry would experience continuous growth and evolution in 2020, as new talents are being released in the market. With these amazing increased demands, comes an onslaught of new tech products in the marketplace. This, however, calls for today’s employers to be technologically driven enough to filter through the array of options and scout the right technologies to improve HR functions in their workplaces.
HR tech, in simple terms, comprises of various software applications that help to enhance HR processes within the organization. The HR department uses technology to execute their tasks ranging from employee management to employee payroll to talent acquisition and so on. In other words, the ultimate goal of HR tech is to cut cost, improve outcomes, boost employee engagement and streamline HR practices.
Nevertheless, in order to consider which HR technologies are suitable for your business, it’s essential to understand emerging trends and how these trends can enhance productivity. Below are the top 5 HR tech trends of 2020.