10 Top HR Tech Trends to Revamp your HR Strategy in 2024
Human resource technology, also known as HR tech, has undergone a remarkable transformation in recent years, driven by the ever-changing trends of the modern workplace. This year, the HR landscape is poised for another wave of innovation, with a focus on enhancing employee experience, streamlining HR processes, and leveraging data-driven insights to make informed decisions. In this post, we’ll talk about the 10 top HR tech trends for 2024 and how your organization can benefit from them.
I. The Current HR Tech Scenario
The HR tech landscape is constantly evolving, and new technology tools for the workplace are emerging all the time. Companies that are able to adopt these new technologies will be able to gain a competitive advantage in the hiring, onboarding, and retention of top talent.
One of the most significant trends in HR tech in 2024 is the rise of artificial intelligence (AI). AI is being used to automate a variety of HR tasks, such as screening resumes, conducting interviews, and providing employee training. AI is also being used to personalize the employee experience, such as by providing employees with tailored recommendations for training and development opportunities.
Another important 2024 HR technology trend is the increasing use of data and analytics. Companies are collecting more data about their employees than ever before, and they are using this data to make better decisions about hiring, training, and development. Data and analytics can also be used to identify and address potential problems, such as employee turnover and harassment.
II. The Top HR Tech Trends for 2024
Considering the current human resources scenario, we see that many previous trends in HR technology are no longer trends, but have come to stay and will continue evolving. See below the most important HR technology trends that we anticipate for 2024:
HR Tech Trend #1: Skills-Based Hiring
Traditional hiring methods are no longer keeping up with the pace of change in the workforce. In 2024, we expect to see a shift to skills-based hiring, which focuses on identifying and hiring candidates based on their skills and experience, rather than their educational background or job title.
HR tech can help companies promote recruiting events and engage with participants, assess candidate skills and make skills-based hiring decisions.
HR Tech Trend #2: Personalized Employee Experience (EX)
Employee experience (EX) is no longer a buzzword; it's a critical business imperative. Companies that prioritize EX are more likely to attract and retain top talent, boost productivity, and improve customer satisfaction.
HR technology can help companies personalize EX by providing tailored employee onboarding, training and development opportunities, as well as by fostering a culture of recognition and appreciation.
HR Tech Trend #3: Remote and Hybrid Work Model
Remote and hybrid work arrangements are here to stay. In 2024, we expect to see companies continue to invest in tools and technologies that support remote and hybrid work models.
HR tech can help companies manage remote and hybrid teams, facilitate communication and collaboration, and ensure that employees have the resources they need to be successful.
HR Tech Trend #4: Employee Wellness and Mental Health
The COVID-19 pandemic has had a profound impact on employee wellness and mental health. Studies confirmed that nearly 80% of employees developed symptoms of depression and anxiety during the pandemic. Indeed, the Psychiatric Times states that in June 2020, 40% of US adults confirmed they were struggling with mental health issues.
In 2024, we expect to see a continued focus on employee well-being, with companies investing in programs and tools that promote physical, mental, and emotional health. This approach not only helps with employee retention, but also increases overall productivity.
HR technology can help companies promote and deliver corporate events and other wellness programs to employees in a personalized and accessible way.
HR Tech Trend #5: Soft Skills Development
Soft-skills are skills that focus on socializing and understanding how communication works. Moreover, they help employees better learn, empathize and identify with the company's values and culture.
Due to the pandemic, working from home became the rule. Employees had to learn to better manage their time, and work as a team through their devices. The same manner, managers had to learn to exercise leadership, resolve conflicts, and keep their employees motivated, all virtually.
In a post-pandemic world those soft skills remain relevant. Consequently, investing in employee training and development is important. The best way to develop expert leaders and a healthy environment is by promoting these values and skills from within.
HR Tech Trend #6: Diversity, Equity and Inclusion (DEI)
Diversity, Equity and Inclusion (DEI) is no longer a social responsibility issue; it's also a business imperative. Companies that embrace DEI are more likely to attract and retain top talent, innovate, and succeed in the global marketplace. HR technology can help companies track DEI progress, identify and address biases, and create a more inclusive workplace culture.
HR Tech Trend #7: Social Media and Brand Awareness
Being active on social media is a key factor to increase brand awareness these days. Surely it’s easier to recognize a company when we see it all the time on social platforms.
That’s why many companies are investing in social media to improve their brand authority, attract talents and engage with their current employees. Not only are social platforms becoming a powerful HR tech tool, but also a mandatory source for market analysis.
HR Tech Trend #8: Space Management for Human Resources
Space management is expected to be one of the significant Human Resources technology trends for 2024 as the interaction between people and their working environments is crucial for organizations.
Given that different employees need different types of spaces based on their job roles and tasks, there is a rising demand for HR technologies that aid in efficiently allocating and managing these spaces. For instance, while a salesperson would require a meeting room to interact with clients, a technician may require a lab or technical workspace.
HR technology solutions for space management can greatly aid in this respect by offering features like real-time visibility of space availability, allowing online space or room booking, and providing analytics to manage the workspace better.
By doing so, HR tech can ensure that the employees have access to suitable workspaces as and when required. This reduces wastage of resources and contributes to increased productivity, as the staff members can perform their tasks without hindrance due to space constraints. This interconnectedness of space and people management is driving its adoption as an HR technology trend for the future.
HR Tech Trend #9: Artificial Intelligence (AI) and Machine Learning (ML)
AI and ML are already being used in HR to automate tasks, personalize experiences, and make better decisions. In 2024, we expect to see even more innovative applications of AI and ML in HR. For example, AI-powered chatbots that can answer employee questions, ML-driven algorithms that can predict employee turnover, and AI-powered tools that can help companies identify and hire the best talent.
HR Tech Trend #10: Data-Driven Decision Making
HR is awash with data, but many companies struggle to collect, analyze, and use it effectively. In 2024, we expect to see a growing emphasis on data-driven decision making in HR. HR technology can help companies make better decisions about everything from talent acquisition and development to compensation and benefits.
III. How Can Timely Software Complement your HR Tech Stack?
You can increase your company’s performance and organizational culture by using HR tech tools. To develop awareness and enhance employee engagement, it is also important to invest in powerful tools and softwares.
If you want to stay on top of the current HR tech trends, Timely software is perfect for you! Human resources departments can count on Timely to reduce duplicated work, increase productivity, and manage events, training programs, and spaces more efficiently.
Event Management
Timely’s event management software can help your company better run both internal and external events. As a matter of fact, HR departments across the globe use our software to manage events for several purposes, including job and career fairs and corporate events. Therefore, you can definitely use Timely software to boost your talent acquisition and employee engagement efforts.
Training Management
Timely training management software assists HR teams improve internal and external training awareness and scheduling. This comes in handy for employee onboarding and soft skills training.
With Timely, you can easily promote courses for corporate training and collect registrations directly from your own website or intranet. Check our corporate training calendar demo to see it in practice!
Space Management
When planning a hybrid workplace space management should not be overlooked. Having a venue management system is key to better managing your space.
Allowing employees to book rooms and desks by themselves online can reduce administrative work and optimize the bookable space. Take a look at our live demo room booking calendar to have an idea of how it would look like on your website or intranet.
Timely Enterprise Features for HR Technology
All Timely’s enterprise products come with customization, automation and productivity tools.
Indeed, Timely white-labeled platform can be customized to match your brand guidelines. Your team will be able to easily import, clone and create events, as well as edit, schedule, and publish events. These event actions can be performed on individual events, or in bulk. Moreover, you will be able to send automated newsletters, or publish events and courses on LinkedIn and Facebook automatically.
With Timely booking system, you no longer need spreadsheets and lists to manage event registrations and ticket sales. By using Timely software, you can collect attendees’ information and manage registration and attendance from a single platform. All event data can be easily retrieved from the system as customized reports. Consequently, HR professionals can have all the relevant information at their fingertips.
Another benefit of Timely HR technology is that you can use its accessible interface to promote DEI within your organization. Timely platform is compliant with all major web accessibility laws, such as ADA, Section 508, and WCAG 2.1 guidelines. Thus, people with disabilities can easily navigate through our software using accessible inputs and tools.
If you want to take advantage of all new HR technology trends, Timely is the perfect tool for you. Talk to us to know more about our amazing features and all we can do for you and your organization!
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