HR processes, including onboarding, training, hiring, and retention are becoming much more streamlined and efficient thanks to HR technology. Roughly 75% of HR professionals think that technology improves recruitment procedures, and 82% of businesses think that HR technology is critical to their success. Employees reflect these sentiments, with 78% reporting that they believe HR tech PR benefits their overall experience. 

An example of HR tech is applicant tracking systems (ATS). ATS is an essential tool for managing candidate data and tracking hiring progress. They are very popular, as 97.4% of Fortune 500 organizations use them. Performance management software, such as HireRoad, is also crucial as it is used for monitoring employee goals and productivity. It results in a 50% decrease in employee turnover, a 25% rise in company productivity, and an 80% improvement in recruitment effectiveness.

Other HR technologies, like candidate relationship management software, workflow automation tools, and talent marketplace platforms, are also proving beneficial for businesses. HR technology is essential as it not only improves employee satisfaction but also streamlines operations when these cutting-edge solutions are integrated into HR procedures. The integration of this advanced technology in HR is revolutionizing the way businesses handle their most valuable resource: their workforce.