A Growing Trend in Recruiting Technology
With technology evolving on a daily basis, it can get somewhat difficult to keep up with the latest trends. On the upside, though, human resources (HR) departments need not fret. Instead, HR leaders should search for technologies that simplify recruiting and hiring methods, all the while increasing overall HR effectiveness. One way to do this is by taking advantage of Applicant Tracking Systems (ATS) can do just that.
Over the next year, about 33% of HR departments have developed strategies to increase the money they spend on technology. 33% of them also plan to make changes to the way their HR departments are structured, with the hopes of enhancing HR responsibilities .
And although some companies are decreasing the amount of money their HR departments spend, there’s still an overall increase in technology spending. Why is this? It’s mostly because companies are seeing just how valuable technology can be to the HR tasks that they carry out, and as a result, they are willing to make investments so that their businesses can not only grow but evolve as well. These businesses are also spending money on technologies that go beyond performing simple payroll tasks to those that also integrate talent management systems.
It’s simple to understand the benefits of talent management systems. Through the information stored in these types of software databases, businesses are able to streamline the processes of identifying their existing talented workers with the cross referencing of new applicants. As a result, gaps can be filled and the most talented applicants can be pinpointed for hiring.
It’s this streamlining effect that draws the attention of so many HR departments. HR professionals have discovered the more processes that they can streamline, the easier it is to complete a large number of HR-related tasks. And not only does it become easier, but the tasks tend to get carried out more effectively than ever before, which helps reduce overhead expenses.
Software as a service (SaaS) systems are also increasing in popularity among HR departments. These systems not only improve HR leaders with the management of applicant tracking, but they also allow for the easy integration and adoption of mobile technologies. HR professionals are literally taking their hiring, payroll and other HR-related data with them on the go, accessing it in real time.
All in all, companies must keep in mind that technology continues to evolve from one day to the next. Because of this, it’s important to evaluate HR-specific needs on a consistent basis. Most importantly, though, it’s vital to all HR departments that they take advantage of today’s recruiting technology, which include ATS and SaaS.