Human resources is one of the most important functions of a business, as it is responsible for the hiring, onboarding, training, and retention of employees. Every company needs an HR department to smoothly coordinate the experiences of their most precious resource: their people. It is important that HR’s jobs are completed flawlessly, which can be ensured by the introduction of technology into their daily operations. HR tech refers to the software and hardware that is used to simplify the processes that HR professionals complete on a daily basis.
This HR tech spans a wide variety of services. There is performance management software that is able to track employee goals, performance, and objectives. This can lead to an increase in recruiting efficiency and a 50% decrease in attrition rates. There are also applicant tracking systems that monitor candidates from recruitment to hiring. 97.4% of Fortune 500 companies rely on ATS software during their hiring process. An example of this software includes Fountain, which reduces time to hire by as much as 93%.
There are also talent marketplace platforms which are helpful to match people to opportunities around them. This software is unique, as it lets companies apply to top tech talent, instead of the other way around. This creates a 40% reduction in time to hire and has a high average candidate satisfaction rate of 90%. There are also employee referral software that ask existing employees to refer to new talent in exchange for gifts or benefits. There are plenty of options for HR tech, but all have a demonstrated ability to improve HR tasks. Finding the right HR tech PR agency can carry you the rest of the way. Learn more about it in the infographic below:
Source: Talent Tech PR
