FREMONT, CA: Investment in HR technology will become more crucial for businesses to navigate the current economic climate. 78 per cent of senior HR specialists believe that AI and people metrics are essential for a more data-driven future in HR. however, the gaps in digital adoption, technology, people analytics, and data analysis skills. HR enters a crucial period concerning technology adoption and understanding. HR leaders play a crucial strategic role in assisting organisations to negotiate the current economic climate and minimise its impact on their workforce. The success of any organisation depends on the success of its workforce, and a robust HR technology
AI and people metrics are crucial for the future of HR. However, there is a need to support HR professionals in developing and enhancing their technology skills, so that businesses comprehensively benefit from the insights provided by people analytics and data analysis. These tools assist in minimising human bias, enhance efficiency, promote predictive decision-making, yield better results, and be both a tactical and strategic asset that provides more time for HR to focus on people.
Tech to Secure HR’s Value
HR has made significant progress in using technology to support and manage employees, particularly due to the pandemic and the rise of hybrid work. However, HR must continue to adapt to ensure that the benefits of technology are maintained even after the pandemic, as it seems to be entering another phase of growth and development.
HR technology is becoming increasingly important for organisations to steer the current economic situation, and to ensure a data-driven future for the HR profession. While there is recognition of the value of AI and people metrics, there are still significant gaps in digital adoption, technology, people analytics and data analysis skills within the HR function. HR professionals must develop and improve technical skills to take full advantage of the potential benefits of people analytics and data analysis. HR has already made some valuable shifts in technology adoption, but the function needs to adapt again to ensure continued benefits for the organisation. A robust HR tech stack is a powerful component to enable success for organisations, and HR professionals invest in their future by developing technical skills to support and manage individuals effectively.
