DEC - JAN HR TECH OUTLOOK6The HR tech space is experiencing a market boom in the post-pandemic world, where it has become essential for businesses to remotely conduct the employee onboarding process and maintain everyday operations. As per a recent report, in 2021, around $13 billion has been invested in HR technologies and tools. On the one hand, small businesses realize that it is time to capitalize on the HR tech trends and scale their systems to maintain compliance, track time, process payroll, and maintain employee information. On the other hand, large companies are harnessing the potential of the booming HR tech to help HR leaders become even more engaged to the overall organizational strategy objectives than they were ever before.In the current market, consumers are no longer shying away from adopting cutting-edge HR technologies from startups. HR functions are increasingly adopting platforms that offer both employee self-service (ESS) as well as manager self-service (MSS), making HR-related information more accessible. Moreover, organizations will continue to leverage technologies embedded with AI/ML in their HR departments to gather daily recommendations and insights about their workforce performance. It is also expected that within the next ten years, up to 50 percent of organizations will harness the power of AI/ML in reviewing and filtering job applicants from the sea of resumes. Apart from recruiting and onboarding, these technologies will work wonders in retaining workers, helping employers make faster and well-informed decisions, administering benefits wanted by workforces, managing performance and continued learning, supporting essential employees, and last but not least, guiding new business strategies.As changes continue to surface and impact businesses, HR professionals need to identify and deploy solutions that can help them mitigate challenges affecting their workforce and the organization. In this edition, we aim to provide readers insights from industry leaders to help them have a detailed understanding of the advancement of the HR tech arena and the recent developments in this field.Let us know your thoughts!Technology Driving the New Era of HR OperationsHanna WilsonManaging Editoreditor@hrtechoutlook.comManaging EditorHanna WilsonEditorial StaffSalesAaron PierceAva Garcia Philo VazRussell ThomasVisualizersChris LynnCalvin JamesEditor's NoteRichard Watsonrichard@hrtechoutlook.comCopyright © 2021 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.*Some of the Insights are based on the interviews with respective CHROs and CXOs to our editorial staffEmail:sales@hrtechoutlook.comeditor@hrtechoutlook.commarketing@hrtechoutlook.com HR TECH OUTLOOKDec - Jan - 2021, Volume 07, Issue 15 (ISSN 2644-2477)Published by ValleyMedia, Inc. To subscribe to HR Tech OutlookVisit www.hrtechoutlook.com Jaxon Jase
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