Continuing from where we left off in Article – The Next Frontiers in Recruitment Technology, there are a myriad forces that are shaping acquisition technology around the globe today. Every facet of the talent landscape is being impacted by technology tools- from talent acquisition to talent management. More now than ever because, if you look at the numbers, more than 20 percent of all workers change jobs every year, so looking for talent is almost a perennial activity for most organizations.
Gone are the days when hiring people meant taking out adverts in the newspapers and hoping for a good response.
For the last 10-15 years, certain technology-dependent recruitment practices that have been around but the recruitment-process environment hasn’t really changed all that much. Video-interviewing, satellite conference calls, social and business networking portals etc.
Companies lose an average of 5% of revenue annually due to payroll process inefficiencies, errors and fraud. Out of this 5%, 99% of the errors are due to poor employee workforce administration.
Despite being an important aspect of a company’s payroll, workforce administration does not get the kind of attention it should.
With the advent of technology at every step in any workplace, putting the H back to HR is getting questioned with every passing day. I could see startups & organizations are more engrossed in achieving their profit margins, thereby losing the focus on humanity. In one of the event attended with Isha foundation on #Humannotresource has made me think more on how much human touch is missing in the daily corporate lives of people around.
By : Team PeopleStrong
Articles, Employee Life Cycle, India Story Articles, PeopleStrong Blogs
Sometime or the other in the recent past, we’ve all overheard conversations or caught snippets of discussions about the great ‘UX (User Experience)’, or the poor ‘UI (User Interface)’ of a product. With an ever expanding and ever evolving digital environment, we come across such terminologies almost every day and often end up confusing one with the other.
Human resources (HR) technology can help the Indian corporations save significantly, according to experts. PeopleStrong, an HR outsourcing and technology firm, estimates that India Inc. can save at least $600 million annually by 2021 using HR Technology.