Technology is definitely not something new to the HR department. In fact there are multiple HCM software that have bombarded the HR field. All these HCM software are more or less similar, but what needs to be understood is that what is expected by HR is somewhat not similar.
It can be said that no more is there a demand for a standard platform to help you in your daily HR tasks and functions, what is required from a HCM software is something more. To understand this more why not look into the top priorities of a modern HR department.
According to research,
- 43% of organisations prefer cloud technology and 36% have adopted mobile technology as a foundation.
- 26% have started to adopt analytics.
- 24% of employers also request self-service hoping to improve the employee experience.
While the above gives an idea to the basic requirements of an HCM software, Technologies such as AI and gamification have started to trigger and excite the HR industry despite it still being in the early stage.
With technology taking over by storm, the simple HR department can be carried away with all the fancy tech terms. But what is important is to identify the jist of the modern HCM requirement.
Artificial Intelligence (AI) is something that is always talked about, in simple terms it is the computer replacing the human, which is most of the time confused with Intelligence Augmentation (IA) which means using technology as a tool to assist humans and not replace them. This would include automation to reduce some demotivating work, improve accuracy and increase speed. In short, something that frees up time to focus on more important work.
So most often when HR leaders expect AI as a basis for HCM software, what they really look for is ideally IA.
According to statistics, the early adaptors of automated HR can be accountable put to one third of HR leaders followed by approximately 28% who plan to adopt such technologies by the next 2 years. Although, a shocking 43% of HR leaders are not keen in keeping up with the ever evolving technology over the next 10 years.
So what keeps this 43% from embracing the change?
Who doesn't like an ease in their work load. Let’s not get it wrong, it’s not that this portion of HR leaders are against change, in fact all HR leaders are in the hunt for change. But their intentions are not always realised due to multiple reasons.
So what exactly is making these HR leaders hesitant towards taking that step of change? Let’s talk stats.
- 53% of HR leaders have too many competing priorities that needs attention.
- 57% have are unable to invest on modern HCM software due to resourcing restrictions.
- 53% find it difficult to make the business case for change.
- 51% identify a lack of vision and leadership within their organisation.
Transformation via automation is the key to fast growing people companies to stay ahead of the game. PeoplesHR is a future-proof cloud based HCM software that ticks all the top priorities of any modern HR department. Whether it is mobile technology and self-service to improve your employee experience or people analytics for your high impact strategic decisions, we got you covered.
