Hiring, onboarding, training, and employee retention are just a few of the crucial business operations in which human resources (HR) plays a key role. These procedures are significantly improved by the use of HR technology, which is software and hardware solutions focused on improving all processes that are employee-related. This tech increases productivity and makes the daily responsibilities for HR professionals easier. When multiple solutions are used together, these technologies can increase HR efficiency by as much as 40%.
Performance management software is one of the HR tech solutions used by high performing HR teams. It keeps track of employee goals and performance and is able to improve hiring efficiency and lower attrition rates. Because they reduce hiring times by up to 93%, applicant tracking systems (ATS) like Fountain are used by 97.4% of Fortune 500 organizations. ATS solutions are essential for tracking candidates from recruitment to hiring.
Other software includes talent marketplace platforms that accelerate recruiting cycles by 40% and boost applicant satisfaction by 90% by proactively connecting companies with top talent. Employee recommendation software incentivizes current employees to refer new candidates, which promotes a collaborative hiring culture. Overall, HR technology is transforming the HR industry by increasing efficiency, simplifying processes, and raising satisfaction among employees.
Source: Talent Tech PR
