DECEMBER - 2022HR TECH OUTLOOK6As software has eaten the world and venture capital funding has skyrocketed, one category of disruptive tech startups has flown under the radar: HR Tech, the technology transforming how companies manage their people and making possible the so-called future of work. The pandemic, however, catalyzed explosive growth in what had been a steadily emerging industry.A scarcity of technology talent, combined with the increasing popularity of hybrid work, is leading U.S. tech companies to scout for new hires in Latin America. There, they a number of qualified candidates who'll work for lower pay. Latin American companies have thus begun to prefer generalists over specialists as they recruit. Until now, the workforce has largely been responsible for investing in training, but technology helps identify broader skillsets for recruiters and highlight training opportunities for candidates.At a time when innovation is a priority, the importance of taking full advantage of the commitment and talent of employees is undisputable. Human Resources management in Latin America requires innovative methodologies that increase engagement among employees, who thereby make the organization's challenges their own. Technology and initiatives that rely on technology appear as great allies, with actions like active listening programs that focus on employees, or programs that promote intrapreneurship. The digital transition in organizations has practically become a necessity: business models have changed and adapting to this new digital world is almost an obligation.HR teams simply cannot effectively manage all this operational and regulatory complexity with their traditional solutions, which in most cases continue to be spreadsheets, emails chains or on-premise tools. There is one key concept: HR offerings are only now starting to be collaborative as HR cloud solutions gain penetration in Latin America.Let us know your thoughts.LATAM HR Tech Market Driving Massive InterestHanna WilsonManaging Editoreditor@hrtechoutlook.comEditor's NoteManaging EditorHanna WilsonEditorial StaffAaron PierceAva Garcia Philo VazRussell ThomasVisualizersChris LynnCalvin JamesCopyright © 2022 ValleyMedia, Inc. All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher thereof.Disclaimer : *Some of the Insights are based on the interviews with respective CIOs and CXOs to our editorial staffEmail:sales@hrtechoutlook.comeditor@hrtechoutlook.commarketing@hrtechoutlook.com HR TECH OUTLOOKDecember - 08 - 2022, Volume 08 Issue 50 (ISSN 2644-2477)Published by ValleyMedia, Inc. To subscribe to HR Tech OutlookVisit www.hrtechoutlook.com David Parker
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