HR is evolving, and it’s happening alongside the evolution of the workforce. In short, 2018 is the year of talent and the technology needed to find, develop, engage and retain it. Workers are increasingly more attracted to independent work, the gig economy, employee engagement and employee experience. The impact of those changes has created a real struggle for people in human resources. In response, HR professionals are changing the way they hire employees, train them and manage them and all of this is related to the disruption of HR technology.
WHY A REPORT ON HR TECHNOLOGY?
The global market for HR technology is massive. In an article, the Times of India reported the industry is valued at $400 billion. In the past two years alone, $2 billion has been poured into the market in the form of venture capital and private equity investment. Those numbers are expected to rise in 2019. Despite that, HR analytics guru Josh Bersin says 45% of companies are still focused on underlying infrastructure instead of more innovative HR technologies. Simply, this puts companies and their respective workforces at a disadvantage, not just with competition, but with the business world in its entirety.
OTHER KEY TAKEAWAYS
In addition to the statistics, there are other signs of proof emanating from the HR space. People analytics is surging. Data is providing HR professionals with a deeper understanding of an
employee’s needs and concerns, strengths and weaknesses. And there’s mounting concern about the protection of that data from those who would use it for nefarious means. Self-service tools are evolving. Data is driving this revolution toward the self-serviced employee. These platforms simplify training, reporting, time tracking, and almost every other HR function. Talent sourcing is changing. HR professionals are using more technology to recruit candidates to fill their needs. The gig economy is growing and there’s more emphasis being put on developing talent and teams to meet the outlined business goals.
SSON Analytics surveyed Shared Services professionals in Canada to put together this visual analytics report which focuses on the topics of milennial talent and digital transformation. For a copy in your inbox, please e-mail: Amnah.Munir@iqpc.com
While the world seems to be spinning faster, corporate entities are fighting hard to keep up. This year, digitalization and customer centricity are what it’s all about. Understanding your customer and having quick access to the right data, will ensure you stay in the game. Shared services play a key if not critical role in supporting organizations today. Here are the 10 most important trends for the year ahead...
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Download this report to find out how cognitive automation works, why it's a critical application right now, and how to successfully integrate it.
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SSON’s annual market report highlights the underlying trends driving these shifts, identifies the ‘new and improved’ profile of a modern Shared Services team, and points to strategic value-add embedded within the Shared Services model. For a copy in your inbox, please e-mail: Amnah.Munir@iqpc.com
In this interactive report, travel through the four levels of shared services maturity (Emerging, Evolving, Adding Value and GBS) to find out where you currently fall and what you need to do in order to advance your SSO to the next level.
For a copy in your inbox, please e-mail: Amnah.Munir@iqpc.com