A recent study suggest that 92 % of workers in HR dept some form of outdated system. The HR tech industry is growing fast.
In the last five years it has grown by 50 percent into a $10 billion industry. Attracting and retaining talent has become crucial for every company worldwide . There are plenty of roadblocks preventing businesses from taking the HR tech leap. For instance, there are often concerns from HR employees around the difficulty of the technology. You’ll want to ensure that you focus on integrating user-friendly software or hardware that won’t intimidate your employees. And you also want to avoid simply adding more technology on top of what you already have, otherwise employees may look at it and say “Why do I need other tools in addition to my current HRIS system? according to Steffen Maier, co-founder of Impraise — a company that provides real-time employee feedback for HR — and Tom Haak, partner at Crunchr — a company that uses data analytics to create meaningful employee data.Attracting and retaining talent has become crucial for every company worldwide and therefore, having a great work culture should be a part of every company’s priority list, if companies want to remain competitive, motivate employees and grow their business.