![]() ![]() HR leaders are tasked with redefining hiring to access a larger international pool of skilled talent to meet hiring demands. Meanwhile, many organizations face ongoing talent shortages as competition expands due to accelerated digitalization and the rapid adoption of flexible working initiatives. ![]() However, some HR functions have been trying to reduce the burden of administrative tasks through the use of digital transformation solutions.Īccording to the Gartner assessment, HR leaders can create efficiencies by implementing human-centric technology solutions - such as skills management or learning experience platforms - to maximize employee experience, retention, collaboration, and performance outcomes. Gartner's research shows yearly spending on HR administration increased from $155 per employee in 2021 to $194 per employee in 2022. HR technology can trigger cost savings in HR administration, which has seen a drastic uptick in cost due to pandemic-related tasks, and Remote or Hybrid work arrangements. To optimize costs and drive growth, HR leaders will act on a few key investment imperatives. Instead of opting for simple cost-cutting measures, leading organizations are focusing on growth and determining which investments will drive competitive advantage in the year ahead. HR leaders reported intense competition for skilled talent, and global candidate supply constraints. Gartner's latest survey revealed the other top investment areas for HR leaders in 2023 are staffing and recruiting, employee total rewards, plus learning and development. Nearly half of Human Resource (HR) leaders polled cited technology as their top investment priority.
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