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HR Tech Outlook | Monday, February 28, 2022
Following The Great Resignation, collaboration and engagement tools aid in the retention of talent and the enhancement of employee happiness.
FREMONT CA: The COVID-19 pandemic has caused numerous changes in daily life, but none have been as significant as the workforce. During the Great Resignation, burnt-out employees left their jobs searching for a greater sense of purpose, stronger connections, and a better work-life balance. 4.4 million employees quit their jobs in the United States in September 2021—more than any other month—while companies were still working to transition to new remote technologies and virtual business models that engaged employees.
While some quick decisions were required to keep businesses running during the pandemic, companies and HR departments are now focusing on retaining talent and increasing employee happiness. Okta's eighth annual Businesses at Work report highlights the tools businesses are using to communicate, increase productivity and employee engagement, and improve security. This year's report includes data from 14,000 global customers, including FedEx, Allbirds, Spotify, Lyft, and others, and provides insights into the rapidly growing tools HR teams and businesses are using to help manage change.
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One of the biggest outcomes from this year is that the increase in virtual workspaces and remote work, employee engagement, and collaboration apps have become the most popular, with a 28 percent year-over-year growth. This is especially impressive given that these tools have been almost absent from the list of the fastest-growing since last year.
Lattice, a people management platform, grew 109 percent this year and was ranked sixth overall, while Culture Amp, an employee experience platform, grew 75 percent. Collaboration tools also saw growth: Miro grew by 301 percent year over year, Figma grew by 236 percent year over year, and Monday.com grew by 149 percent year over year. Each of these tech platforms, along with Amazon Business, rocketed to the top of the list. Finally, large, end-to-end HR tools such as Workday and BambooHR continue to perform well, with growth rates of 23percent and 38 percent, respectively.
To keep teams connected and company culture intact, HR teams' tools and apps must be diverse, robust, and easily accessible. Forty-nine percent of U.S. workers said they would leave a company if dissatisfied with their workplace technology. Companies, especially as remote work becomes more common, must find tools that help productivity and collaboration.
As businesses navigate The Great Resignation and strive to retain talent and increase employee engagement, HR teams must continue to find solutions for employees—both remote and in-office—to work efficiently and stay connected. Employees are said to be a company's most valuable asset, and it is critical that they not only have equal access to information and leadership but also that they can collaborate and engage with one another. This will contribute to more productive and supportive company culture. These tools and apps are likely to shape our post-pandemic workforce, and HR teams can use them to ensure that employees remain the primary focus moving forward.
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