Top 5 HR Conferences to Attend in the Summer of 2019

Discover great HR conferences you should consider attending during hot, long summer months of 2019!  

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Best HR conferences to attend in the summer of 2019

If you’re looking for great HR conferences to attend in the summer of 2019, you’ve come to the right place. We’ve put together a list of the 5 best HR conferences around the world that will take place in the summer of 2019!  

Top 5 summer HR conferences

Here is a list of the best HR conferences taking place in the summer of 2019 around the world:

1. HR 360 European Summit

Date: 4 – 5 June, 2019

Location: Hilton Vienna Danube Waterfront, Wienna, Austria

Short description: HR360 is the meeting place for global and european HR leaders from the world’s biggest companies to share practical insights on how to boost the business bottom line. You can choose from more than 40 interactive sessions and listen to more than 50 speakers from IBM, Amazon, Microsoft, Vodafone, etc.

2. CIPD Festival of Work

Date: 12 – 13 June 2019

Location: Olympia London, London, United Kingdom

Short description: The CIPD Festival of Work brings together two unmissable CIPD events, the Learning and Development and HR Software and Recruitment shows. The result is a pivotal event that will power your working future. This event has more than 160 speakers, 300 exhibitors and 7 000 attendees.

3. HR Leaders Summit Hong Kong

Date: 13 June, 2019

Location: New World Millennium Hotel Hong Kong

Short description: HR Leaders Summit Hong Kong is the country’s premier gathering of HR professionals. This event is perfect for industry leaders at South East Asia’s who are interested to hear the freshest insights, exchange big ideas and expand their professional network.

4. HR Tech Summit

Date: 18 – 19 June, 2019

Location: Toronto, Enercare Centre Toronto

Short description: HR Tech Summit is Canada’s leading independent HR tech event. This event will feature keynote presentations, industry panel discussions, a contemporary trade-expo, tech talk & tech demo stage, main stage, interactive workshops, thought-leadership interviews, engaging activities, entertainment and more.

5. SHRM19 Annual Conference & Exposition

Date: 23 – 26 June, 2019

Location: Las Vegas, Nevada

Short description: This conference offers more than 200 concurrent sessions on different topics such as Workplace Strategy, Technology, HR Leadership, Talent Management, Compensation & Benefits, etc. SHRM Exposition is the world’s largest HR marketplace which provides access to thousands of solutions-providers in every industry. Lionel Richie concert is also a part of this event!

Bonus HR conference: Visit Bali!

And now a special treat – a great HR conference in the beautiful Bali island!

4th Asia Pacific HR Forum will take place at the end of August in Nusa Dua Beach Hotel in Bali! The 4th Asia Pacific HR Forum in 2019 is one of serial events annually designed to educate, develop, update, share and inspire today’s industry professionals about people, market, business which can help to determine a strategic planning in organization related with people and business.

Choose your perfect summer HR conference

Attending these HR conferences is an incredibly fun way to learn about the latest HR industry trends, best practices and useful HR tools. It is also a unique opportunity to network with other HR professionals from around the world!   

We can’t think of a better way to spend those long summer nights. So what are you waiting for? Pick a few of these HR conferences and plan your perfect summer getaway! 🙂

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Oracle Database System – Everything You must Understand for Proper Implementation

Various types of database programs are out there, and Oracle is one of them. Well, it is a type of database management software that is offering plentiful benefits for the users. With the help of this, users can easily manage a large amount of data easily in an organized manner. There are many other reasons why users prefer this type of database system. It is one of the best database programs that you can use to manage data with ease. Many companies are also using this software and getting amazing benefits.

Using this program can help the company or business to take numerous benefits. It will never cost you a lot of money as like the other types of software. It is really cost effective that is also the main reason why people give more preference to this software instead of the other ones. If you are operating a company that has a lot of complicated problems, then you should use an Oracle database. If you don’t know more about this database software, then you should read more about it. In the further post, you can easily other details related to the Oracle database to improve your knowledge.

How to manage the data?

If you are using the Oracle database for managing data, then it is not as difficult as you think. You can do it with ease and also in a fraction of minutes. The programmers of this software are maintaining the data properly. This can be accessed by more than two users in an easy manner. If you have selected this app or software, then you don’t need to worry while accessing it. With the use of Oracle DBMS, the overall structure of the data can be easily improved.

You can manage a large amount of data by using this software. You don’t need to get worried about the complications because it is free from hassles. You can also invest your money to get the advanced features of this app that are really beneficial for you.

More about Oracle DBMS

It is very beneficial to use Oracle DBMS system because it is offering various amazing features for the users. If you are using this app, then you can also get benefits of the backup and restore feature. Due to this feature, you can take various benefits that will also help you a lot while managing the data. You shouldn’t download the additional storage for storing the data. It has a feature of Netbackup that will give you unlimited benefits. It is also a reason why most of the people are giving more preference to the option of the Oracle database system instead of the other alternatives. Read this post till the end to check more vital details related to the Oracle database system.

Why should you choose the Oracle database?

The Oracle database is offering amazing features to the users as compared to the other types of databases. It is important to check all these features before going to choose Oracle database instead of other alternatives. To know the main reasons why you should select an Oracle database, check out the points that have been mentioned below.

  • functionality

Well, the Oracle databases are mainly used for the different corporation level applications. You can see that there are many banks that are using this database. Well, this database is a great combination of high-level technology and integrated business solutions. The companies or businesses that have a large amount of data can use Oracle database for its management. Users can also use this database for storing the data.

  • Reliability

The Oracle database also offers reliability for the users that is also an important reason why people choose this software instead of the other ones. It is also well known among the users due to its excellent performance and many other features. The data storage is one of the main purposes for which users make use of various types of databases. The Oracle database is a complete solution for data storage.

  • other features

Oracle database has plenty of features that are making it is a reliable option for the users. This database also incorporates flashback technology that is also one of the best advantages about Oracle database. With the help of using this software, the deleted or lost data can also be recovered with ease. In addition to this, it is also beneficial for increasing recovery time and also to eliminate human errors.

After knowing all these reasons, you can easily learn the importance of using Oracle database system. It may also encourage you to choose this database system instead of other types of databases out there.

Other things to know

Due to the availability of various database programs, it is not easy to choose the right one. In this situation, you should consider a lot of aspects related to data storage before making the final choice. When it comes to the popular options, then the name of the Oracle database can’t be ignored. Well, it is the right option if you want to manage or store a large amount of data. This program also has a lot of amazing features that you should check out once. It can also help you to take amazing benefits while storing the data in an organized manner. This database program is cost-effective as compared to the other alternatives.

Let’s wrap it up

The trend of using database programs is increasing these days dramatically. It is the reason why you can easily find various types of options to choose from. If you are still confused to select the right database program, then make your choices wisely. You can either visit RemoteDBA.com or other websites to avail quality services. With the use of right services, you can manage the data related to your business with ease. It will also help you to get rid of the issues that you are facing while storing or managing the business-related data.

Prioritizing Safety in All Ridesharing

Ridesharing is undeniably convenient. Using your smartphone, you can hail a ride, tell them exactly where you are and where you’re going, and pay your bill without even having to get your wallet out. However, you’re also technically getting into a stranger’s car. Because of this, and because ridesharing is relatively new, it makes a lot of people hesitant to use it over other, more traditional forms of public transportation.

On the same note, ridesharing is an excellent side or full-time gig for drivers, especially those in bustling cities where most people don’t have their own car. However, drivers have their own safety concerns. They can feel nervous and vulnerable letting a complete stranger into their personal vehicle.

How can HR professionals mitigate risks and provide peace of mind to both rideshare employees and customers? Let’s dive deeper into the issues at play:

The business responsibilities of ridesharing

Passengers and drivers should always feel safe in the car, and both sides should have a level of professionalism — this is a business transaction, after all. While you can’t control every single thing that happens during a rideshare trip, there are ways to create boundaries and guidelines so everything runs as smoothly as possible. Because of this, HR departments should create policies for normal rideshare situations as well as emergencies to keep all parties safe, comfortable and aware of what to expect. Remember that conflict resolution is key: When issues escalate, HR professionals must resolve the manner in a compassionate and reasonable manner.

Furthermore, it’s important for ridesharing companies — and all companies, for that matter — to recognize when and where they’re failing and make steps to improve. This happened to Uber, but instead of closing their doors or fighting criticism with defensiveness, they shifted gears and fixed the issues that had been plaguing the company. While it’s still not a perfect company, they have made efforts to improve their reputation and decrease risk.

Tech improves road safety for vehicles

There are all sorts of ridesharing-related safety concerns that companies have to troubleshoot, and one of them is basic road safety. Uber uses technology to make it safer for everyone on the road, including riders, drivers, and other vehicles. For example, drivers can use audio commands to contact passengers without having to use their hands or look at their phone.

The Ride Check feature is especially intuitive and useful. Ride Check auto-detects the vehicle’s speed and knows when the car is stopped for an abnormally long time. The app will text the passenger to ask if he or she needs help. The passenger can then say that the driver has purposely stopped and everything’s fine or that they want a new Uber, have been in a crash, or need to call 911.

This technology is used beyond ridesharing. Logistics-based businesses, like those in shipping and trucking, use third-party logistics (3PL) systems for a number of tasks, many of them related to keeping roads and personal data safe. For example, always-updated GPS systems means that routes can be planned more efficiently, keeping drivers on the road for less time.

Rideshare passengers and drivers need to stay safe from sexual harassment

Ridesharing is especially helpful for young adults who opt for a Lyft or Uber after a night of drinking. But while it can cut down on drunk drivers, there’s a different type of threat: sexual harassment. Intoxicated people are in the back of a stranger’s car, trusting them to go where they’re supposed to. It’s also easier than you think to mistake a regular car for a rideshare you ordered, and if the driver is a predator, passengers can get themselves into a lot of trouble.

Females are particularly prone to sexual harassment (or worse), whether they’re the passenger or the driver of the car. It’s also daunting that if you get a ride home, the driver then knows where you live. As the number of misconduct reports has risen, rideshare companies have made changes to policies to protect all parties, such as:

  • Branding that’s placed in the car window to indicate it’s a rideshare vehicle.
  • Photos and names of drivers so the passenger can confirm it’s the car they ordered. Passengers can also confirm the car through the vehicle type and license plate number.
  • Riders can share their ride status with a friend so that someone outside of the car knows where the passenger is. The passenger can then confirm when they arrive at their destination.
  • Two-way rating system (as opposed to only passengers being able to rate drivers) so everyone is aware of past experiences and potential threats.
  • 24-hour response line in case there’s a problem. Individuals can use this service to share a harassment claim and are encouraged to do so in all instances where they feel uncomfortable, just like they would in any work setting. Also, an in-app emergency button can immediately call 911.

HR departments can also provide passengers and drivers with basic safety information. For example, each party should ask the other person’s name to confirm it’s the right person.

When done right, ridesharing and related tech are convenient options for passengers and logistics companies, as well as a lucrative gig for drivers. Safety has to be prioritized over growth and flashy marketing, though. From preventing sexual harassment to enhancing road safety features, every rider and driver has a right to a safe trip to their destination.

What is the Average Salary of a Human Resources Manager?

Could you be earning more? Check out the benchmarks for a Human Resources manager position!

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Should you be earning more?

Are you an HR manager? How much are you earning? Could (and should) you be earning more? Check out the benchmark for the HR manager salary and find out!

We did extensive research to find out how much money do Human Resources managers make. We gathered the information and statistics from many different sources, including Glassdoor, Payscale, U.S. Bureau of Labor Statistics (BLS), etc.

What we found out is that the salary range for an HR manager position can be significantly different in different countries and across different industries, etc. With this in mind, let’s proceed by examining the average salary for Human Resources manager.

The average salary of an HR manager in the USA

  • Payscale reports that the average pay for a Human Resources (HR) Manager in the United States is $65,490 per year.

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  • Glassdoor reports that the national average salary for a Human Resources Manager is $76,464 per year in the United States.
  • According to the Occupational Outlook Handbook from the U.S. Bureau of Labor Statistics (BLS), the median annual wage for human resources managers was $113,300 in May 2018.
  • Data USA reports that the average yearly wage for Human resources managers was $85,939 in 2016.

The average salary of an HR manager in Canada

  • Neuvoo reports that the average Human Resources Manager salary in Canada is $77,006 per year or $39.49 per hour. Entry-level positions start at $45,000 per year while most experienced workers make up to $110,124 per year.
  • Payscale reports that the average pay for a Human Resources (HR) Manager in Canada is $68,698 per year.
  • Glassdoor reports that the national average salary for a Human Resources manager is CA$115,090 in Canada.

The average salary of an HR manager in the UK

  • Reed.co.uk reports that the average People Manager salary in the UK is £66,287 per year.
  • Glassdoor reports that the national average salary for a Human Resources manager is £46,520 per year in the United Kingdom.
  • Payscale reports that the average pay for a Human Resources (HR) manager is £35,628 per year in the United Kingdom.
  • Indeed UK reports that the average salary for a Human Resources Manager is £42,446 per year in the United Kingdom.

Conclusion:

The average compensation for an HR manager is around $80,000 per year in the USA and Canada and around £50,000 per year in the UK.

10 Best International Job Boards

Check out the list of the best job boards for international hiring!

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Why use international job boards?

Advertising your open job positions on the right job boards is the first step in finding qualified candidates.This may be especially hard if you need to fill many different positions in multiple locations around the world.

This is where international job boards come in. International job boards are the job boards and job posting sites that operate in many regions within countries around the world.

Employers who want to reach and attract candidates in many different countries around the world should consider using these job boards to advertise their open job positions.

List of the best international job boards

This list of the best international job boards includes many free options, as well as niche boards to help you fill roles faster.

Check out the list of the 10 leading international job boards:

1. Indeed

Indeed is the #1 external source of hire and provides 6 times more hires than any other job site. 200 million people from more than 60 countries visit Indeed every month, giving you access to the most talent in every field. You can post your jobs for free on Indeed. You can also pay to promote your job postings and reach more qualified candidates faster.

2. Glassdoor

Glassdoor is the world’s largest career community. 64 millions of job seekers from 190 countries visit Glassdoor monthly. You can post your job openings on Glassdoor for free. You can also pay for job ads that use a matching algorithm, so the right people see your jobs. You pay only when an ad delivers a candidate to your career center.

3. Monster

Monster is a global online employment solution used by job seekers and employers in more than 40 countries. To advertise one open job position on Monster for a month, you’ll have to pay $279. With Monster Premium Job Ads your job postings are automatically distributed to 500+ sites. Monster can also help you target both active and passive candidates on Facebook, Instagram and Twitter.

4. Craigslist

Craigslist is an old school style, classified ads website that operates in more than 70 countries. It is also used as a very popular job posting site. Unfortunately, you can no longer post your job openings for free on Craigslist. For job postings in selected areas you’ll have to pay form $10 to  $75 (fee varies by area).

5. CareerBuilder

CareerBuilder is a global online employment website. You can find CareerBuilder and its subsidiaries in the U.S., Canada, Europe and Asia. To advertise one job opening for one month on CareerBuilder, you’ll have to pay $219. You’ll also get resume database access to search for relevant candidates

6. Dice

Dice is a leading job board for tech and engineering professionals in North America and Continental Europe. Dice has more than 2 millions of unique tech professionals visitors monthly. Promoting your job post on Dice and within 3000 partner sites for 30 days will cost you $395. You can also pay extra to reach up to 1,500 targeted professionals with a custom email promoting your open positions.

7. Upwork

Upwork is a global freelancing platform where businesses and independent professionals connect and collaborate remotely. Upwork operates in over 170 countries.Upwork makes it fast, simple, and cost-effective to find, hire, work with, and pay the best professionals anywhere, any time. You can post your job openings for free on Upwork. You can also pay hourly or fixed-price and receive invoices through Upwork.

8. Gigajob

Gigajob is one of the leading online job portals with local sites in more than 100 countries and many different languages. You can use Gigajob without having to pay anything at all. At Gigajob basic ads are always free of charge. All Gigajob ads are active for 30 days. You can also search Gigajob’s extensive online resume database.

9. CareerJet

Careerjet is a job search engine. Careerjet’s job search engine network encompasses over 90 countries, featuring separate interfaces that are translated into 28 languages. You can publish your job openings directly on Careerjet for a price of $100. For that price, your job postings will be featured in the top search results and you can get quality applications directly to your inbox.

10. Dribbble

Dribbble is one of the largest global design and product communities and a destination for millions of designers and design enthusiasts every month. It also has #1 job bboard in the world for hiring designers and creative professionals. It will cost you $299 to advertise a single  job opening on Dribbble for a month.

Post jobs for free on multiple job boards

With TalentLyft, posting jobs on best job boards is fast and easy. You can post jobs for free on multiple job boards with just one click! Try it out and see for yourself.

 

How to Choose a Good Software Development Company?

There are so many software companies, so finding the right one can be very difficult. However, there are some ways you can make this process simpler, and it all comes down to knowing what to look for. Which is why we created a list with some of the features and things you should look out for when you choose software companies?

Domain expertise

You can find lots of software development companies out there, but you need one for your particular niche. Some of these specialize in mobile apps, others in desktop apps, you can even find some specialized in business apps. With that in mind, you need a good software company that has experience with the type of task you are looking for. It might be a bit hard to find something like that, but then again it will be worth it. Like, if you are looking for an artificial Intelligence consulting company, then Webtunix has domain expertise in Machine Learning, Data science, Business Intelligence and Data analytics.

Check reviews

Yes, reviews always tell you the real stories, at least some of them do. You need to check reviews because they will let you know if a company is reliable or not, if they are doing good work and what you can expect. Checking reviews on as many review platforms as possible is a priority here.

Ask for a quote

This is one of the best methods you can use to test the way that company communicates. Ideally you want to have a business that has efficient communication and which works amazingly well. Adaptability and value are key here, and that’s exactly what you want to keep in mind.

Agile software companies

Agile is a great system because it allows teams to work more efficiently. So if you really want to have a great development team, one that uses the Agile approach really helps a lot. You just need to give it a shot and keep it in mind, then results will be very good in the end.

Can they update your app in the long run?

Not all software companies are offering long term support, nor do they agree with free updates. So you have to clear things out, see how much you need to pay and what you can expect from them. After all, you might be looking for long term services, so you have to see the stuff they offer and what you can expect.

Check their portfolio

The portfolio offers a good insight into what a company can do for you. If you like the work they are doing, then that company might be suitable for your needs. You still need to follow the other tips above, just to be safe.

Picking one of the best software companies in San Francisco is not going to be an easy task. But it’s important to know what you are looking for and to create a shortlist of everything you want. All details matter and that’s why you have to focus on results and on getting what you want at the best possible price. However, it’s a good idea to prioritize high quality if you want great results!

How Does Google Interview Candidates?

What is Google’s secret? How does Google manage to choose the top talent in their interviewing process?

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Interviews at Google

Did you ever wonder what a job interview at Google is like? How does Google manage to choose the top talent in their interviewing process?

Their big secret is called – structured interviewing.

According to Google, structured interviewing simply means using the same interviewing methods to assess candidates applying for the same job.

Structured job interview definition by Google

Google defines structured interviewing as using the same interview questions, grading candidate responses on the same scale, and making hiring decisions based on consistent, predetermined qualifications.

Structured interviewing is a process where candidates are asked a consistent set of questions and clear criteria are used to assess the quality of responses. Structured interviews are used all the time in survey research.

The idea is that any variation in candidate assessment is a result of the candidate’s performance, not because an interviewer has higher or lower standards, or asks easier or harder questions.

Why does Google use structured interviews?

Research shows that structured interviews can be predictive of candidate performance, even for jobs that are themselves unstructured. The benefits of structured interviewing, including increased predictive validity and reduced adverse impact, have been well documented by academic research over the last 20 years.

Google’s hiring team decided to experiment with a structured interviewing and they found that:

  • Structured interviews are better at indicating who will do well on the job
  • Interviewers are happier and saving time
  • Structured interviews make candidates happier as well.

Why don’t you use structured interviews?

Why don’t more organizations use structured interview questions?

Well, they are hard to develop. You have to write them, test them, and make sure interviewers stick to them.

Research has also shown that interviewers generally think they’re good at interviewing. Surely many of them like to think they’re excellent judges of character.

But when it comes to hiring, trusting your gut can be detrimental. Research shows that during first encounters we make unconscious judgments heavily influenced by unconscious biases and beliefs.

Using structured interviews in your hiring process can help you choose the best candidates and ensure a better candidate experience.

If you want to learn how to develop and conduct a successful structured job interviews, check out The Ultimate Guide for Conducting Structured Job Interviews!

Only 1 in 10 People Possess the Talent to Manage Others

Discover how to recognize people with this rare talent!

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1 in 10 people possess the management talent

Did you know that Gallup’s research revealed that about one in 10 people possess the talent to manage?
Though many people are endowed with some of the necessary traits, few have the unique combination of talent needed to help a team achieve excellence in a way that significantly improves a company’s performance.

How to recognize a great manager?

What makes a great manager? What are the traits and characteristics of a great manager?

Gallup has found that great managers have the following talents:

  1. They motivate and engage employees
  2. They drive outcomes and have the ability to overcome adversity
  3. They create a culture of clear accountability
  4. They build relationships that create trust, open dialogue and full transparency
  5. They make decisions based on productivity, not politics.

McKinsey surveyed 189,000 people in 81 diverse organizations around the world and found out that four kinds of behavior account for 89% of leadership effectiveness.

According to McKinsey, successful managers:

  1. Solve problems effectively
  2. Operate with a strong results orientation
  3. Seek different perspectives
  4. Support others.

Google also wanted to know what makes a manager great, so it conducted its own research and got some interesting results. Google identified 5 key behaviors of its best managers. According to Google, a great manager:

  1. Is a good coach
  2. Empowers the team and does not micromanage
  3. Creates an inclusive team environment, showing concern for success and well-being
  4. Is productive and results-oriented
  5. Is a good communicator – listens and shares information.

In short, great managers are able to naturally engage team members and customers and sustain a culture of high productivity.

Hiring managers?

If you need to find and hire great managers, you might be interested in our useful resources:

 

The Top Must-Have 10 Recruiting Software in 2019 [INFOGRAPHIC]

Check out the infographic with the top 10 must-have recruiting software in 2019!

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List of the top must-have recruiting software in 2019

Which different types of HR tools do successful HR professionals and recruiters use to up their recruiting game?

Here is the list of the top 10 must have recruiting software that can completely change the way you attract, find, choose and hire top talent.

Infographic: Top 10 must-have recruiting software in 2019

Here are the top 10 must have recruiting software nicely put in one handy infographic:

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Recruiting software #1: Applicant Tracking System

An Applicant Tracking System (ATS) serves as a database with all of the applicants’ profiles, it helps interview scheduling, candidate screening and evaluation and enables easy team collaboration and communication.

Recruiting software #2: Recruitment Marketing Software

Recruitment Marketing Software offers features for implementing the most important recruitment marketing important strategies, such as employer branding and social media recruiting. With this software, you can also create your perfect career site based on your needs and your brand identity.

Recruiting software #3: Candidate Relationship Management Software

Candidate Relationship Management (CRM) Software Candidate Relationship Management (CRM) Software helps recruiters to achieve timely, relevant and personalized communication with their current and potential future job candidates.

Recruiting software #4: Candidate Sourcing Software

Candidate Sourcing Software is a recruitment software specialized in finding qualified candidates. With Candidate Sourcing Software, recruiters can scan millions of online profiles to retrieve passive and active candidates’ details including email addresses, resumes and more.

Recruiting software #5: Video Interviewing Software

Video Interviewing Software enables recruiters to conduct distance live video interviews with candidates from anywhere around the world, quickly and easily.

Recruiting software #6: Candidate Assessment and Testing Software

With Candidate Assessment and Testing Software, employers can quickly and easily test their candidates’ knowledge, technical and soft skills and traits needed for success in a certain job position.

Recruiting software #7: Employee Referral Software

With Employee Referral Software, you can create and send engaging employee referral campaigns and ask your employees to recommend suitable candidates for job positions you are looking to fill.

Recruiting software #8: Background Check Software

A Background Check Software is a specialized software created to automate an employment background check and perform a reliable search of a criminal background and do a thorough vetting of new staff before hiring.

Recruiting software #9: Employee Advocacy Software

An Employee Advocacy Software is a specialized recruitment tool created to help companies turn their employees into their employer brand ambassadors and share curated, pre-approved content across their social network in a fast and simple way.

Recruiting software #10: Job Boards and Aggregators

Job Boards are websites where employers directly post their open job positions.

Job Aggregators are websites that search the web and collect job ads from multiple sources and display them on their site, linking them to the original job ad.

 

A Dipstick On Present and Future Status Of HR Tech

From the time when individuals were reluctant to use the technology to now, when the influx of automation, AI, and machine learning, have shaken the technology for all the good reasons; we have indeed come a long way! These multifarious technological advancements have impacted the HR technology too. The methodology used for employing individuals and managing their stay at the organisation has got a whole new definition.

In this blog, I walk you through the current scenario of HR Tech. Apparently, the status of HR tech is great but technology can never settle the way it is. There is always scope for enhancements and proliferation. So, the statistics, evolution and trends, let’s glance at all of them.

Statistics-

The numbers are on a hike and hence supporting the current HR tech landscape. The future of HR tech seems to be quite promising as the experts have claimed that the current valuation of the HR market is somewhere around 10 to 30 billion dollars. The same is a result of the constant disruption in the HR technology for the better. This is why more and more SMEs have started investing in the HR software to keep up with the pace. In the coming years, it is believed that by the year 2021, the market will see a boom of at least $34 billion dollars.

Furthermore, the HCM in the coming future is going to see the investment of around 20 billion dollars. On the other hand, the estimated value of payroll software is $8 billion.

Evolution-

The past few decades have focused only on improving attendance and payroll software. However, now, the arena has spread to all the facets of HR including performance and engagement management. The focus has now shifted more to improving the employee experience and using data & analytics to fetch actionable insights. Moreover, predictive analysis is increasingly helping HR in reducing the attrition rate and increasing engagement. Furthermore, the advancements have also improved accessibility thereby promoting better tab on activities. Also, by measuring the performance frequently, the employees stay motivated and the productivity keeps surging.

Upcoming Trends-

In the near future, HR’s will witness a powerful uplift in data and analytics. Besides, artificial intelligence, machine learning and automation will continue to flourish. Apart from aiming to end more and more manual and redundant tasks, the HR tech will aim towards formulating ways to increase productivity and reduce the time taken to complete various tasks.

The Final Word-

The HR and payroll software have had their own share of pitfalls but the level of ease that the HR software has brought into the lives of not just HR but also the employer and employees has surpassed all of that.

There is no denial to the fact that HR tech is growing rapidly. It has emerged as a powerful combination of automation and AI. With the trends that are booming right now, the HR veterans are eagerly waiting to see how the trends will unfold over months and years to come.