Top 9 HR Technology Trends to Influence Your Business in 2023

The year 2021 will be remembered as one of the worst in human history, yet with every adversity comes a new chance to make a difference. Covid-19 has had profound effects on our daily lives and professional practices. In 2022, the pandemic is still going strong, and society must change to deal with the aftermath of the coronavirus.

Because of this, many companies have adapted to new methods of interaction and productivity. This was the most difficult portion for HR departments to deal with, since almost every aspect of HRM had to be rethought from the ground up. Everything was moved to remote work, including the interview itself, which was conducted through different internet video-streaming services.

We learned new methods of collaboration and efficiency thanks to the widespread use of online team performance and virtual meetings in the workplace. In spite of the fact that certain HR trends have shifted, the information presented here will provide you an idea of how HRM has evolved in recent years.

Here are top 9 HR technology trends to influence your business in 2023.

Remote Workforce

It’s one of the largest trends (if not the biggest, since it has a lot of impact on a lot of other trends) to hit the business in recent years. Remote employment is no longer an exception, but is quickly becoming the rule in many regions and businesses. It has also become the standard at Monterail.

Branding for Employers

Companies have been utilizing social media for years to improve their reputation and the image they offer to potential and existing workers. The brand and reputation of a firm have a substantial influence not only on the recruiting process, but also on the organization’s bottom line, lowering cost-per-hire and attracting more qualified candidates.

In summary, this is not a passing fad, but rather an area that corporations should investigate more if they haven’t already. Again, technology may assist – from expanding job boards and corporate review sites to career sites connected with HR management software and social networking tools (like an Instagram scheduler). Best-in-class corporate branding and hyper-targeted social advertisements with employee tales and employment opportunities assist drastically to restrict the audience and contact just the relevant individuals.

Cloud-Based HR

When you have a remote staff, your HR department may be as well. This is where comprehensive cloud-based HR platforms, the future of resource management, come in. There are currently a number of all-in-one HR systems available, like the one used by Buffer, that combine a wide range of discrete, basic parts of HR administration, such as payroll, benefits, time management, onboarding, and collaboration software.

Simultaneously, the employee self-service model gives individuals more control over their data, perks, and activities, while providing organizations with more effective tools to assess employee engagement and productivity. There is a definite change in the business from utilizing HR software focused on assisting HR teams to integrated suites that support workers and managers in their tasks at the same time.

Improving Recruitment Experiences

The whole recruiting lifecycle is already being transformed by technology. From résumés to interviews, everything is being digital, and recruitment managers now have tools at their disposal to assist build a smooth applicant experience.

HR is increasingly focused on the “experience” of the employee or applicant. The rise of candidate experience platforms, such as pathmotion, is a key advance in the area, enabling for contacts and dialogues between workers and outside talent.

Employee Well-Being with an Emphasis on Mental Health

Employee wellbeing affects the organization as a whole, as well as team productivity and work performance. It’s no surprise that it’s a hot topic right now – there are a lot of initiatives in the works that will help workers prevent burnout and care for their emotional and physical well-being, resulting in greater employee retention rates.

As a result, we should expect to see increasingly tailored health and wellness solutions powered by employee data. Gamification and wearables platforms will continue to flourish, but there is a noticeable change in attention toward employee mental health. In the United States alone, one in every five persons suffers from a mental disease, and businesses are beginning to recognize the implications for their overall performance.

Artificial Intelligence Analytics and Automation

Everything in today’s world revolves around data, and the necessity of data management in human resources is undeniable, particularly as teams develop. HR practitioners may now use technology and solutions ranging from basic surveys and employee feedback tools to complicated analytics systems.

Take a peek at Peakon when it comes to sophisticated platforms. This world’s best platform for measuring and enhancing Employee Engagement assists managers in crunching data to better understand what motivates and engages people.

Platform for Digital Collaboration

As employment became more distant, most businesses resorted to video conferencing software. Microsoft Office, Teams, Zoom, Google Meet, and Google Workspace are just a few of the popular systems.

These platforms were critical in establishing the WFH trend. However, as the current trend of digital cooperation continues to expand, businesses will be forced to adapt. The emphasis is now on enhancing an employee’s experience on a digital collaboration platform such that it mimics human-to-human contact in the workplace. To address this issue, most firms have already resorted to cloud (SaaS) alternatives.

Enhanced Data Security

The days of payroll handing out real paper payslips are pretty much over. Aside from obvious environmental advantages, this implies that we must embrace innovative methods of safeguarding critical employee data in the long term.

Keeping data on the cloud, rising use of employee HR self-service platforms, and changes in data protection laws, such as GDPR, all indicate that robust data security for both applicants and workers will be a major priority for HR and a requirement for software.

Professional Development

According to a recent Udemy poll, demand for upskilling has increased by more than 38% in the last year! That’s a significant amount, and it demonstrates the need for upskilling. We live in a technologically advanced era, when the demand for qualified experts significantly outnumbers the supply.

Organizations might, of course, employ specialists, but this is a costly procedure. Retraining your current employees is a more practical choice. Upskilling your staff boosts their morale, which aids in employee retention. It also saves onboarding and recruiting costs. Overall, upskilling is a new HR trend with enormous potential.