Top HR tech trends you need to know

One such powerful, trust-drive platform is Fingerprint for Success (F4S), which offers a unified platform for coaching and collaboration that seamlessly integrates with your existing software stack. The outcome? Less time needed for HR admin, and more time to focus on growing your business – all the while, creating happier, better-connected teams that get results.

Read on to discover the four top HR tech trends shaping the industry today, along with practical tips on how to use cutting-edge HR systems to turn your leaders into powerful and effective coaches who will enhance your business performance.

How can HR tech help your business?

HR tech (human resources technology) is a range of digital tools and software that automates and optimizes HR management to enhance productivity for employees and employers. Millions of forward-thinking employers rely on HR tech systems to handle tasks more efficiently. Using these tools can result in major savings for employers, freeing up time often spent on repetitive tasks to focus on strategic initiatives that can boost your business success.

From recruitment and onboarding to talent management and performance evaluation, smart HR management systems streamline various HR processes, allowing millions of people running organizations to achieve their goals more efficiently and effectively.

For instance, you can automate processes, such as employee attendance and time tracking, to save time, reduce paperwork and create a better experience for both employers and employees. Using Applicant Tracking Systems (ATS) can also streamline candidate recruitment, helping you select the best job candidates for the roles.

That’s not all: the right HR technology platform will help you track and analyze employee data more effectively so you can gain valuable insights into your workforce. This includes performance management, attendance tracking, and cost management.

What exactly can HR tech do?

A smart human resource management system, such as F4S, offers a multitude of extraordinary benefits to organizations.

By embracing innovative HR solutions, your company can:

• Streamline hiring: Leverage AI-powered tools to navigate the talent marketplace and automate candidate experience screening, assessment, and interview processes. This tactic saves time and improves the quality of hires.
• Enhance onboarding: Provide new employees with a seamless onboarding experience. Use technology to deliver certification training modules and foster engagement. It will also automate paperwork.
• Optimize team formation: Leverage data-driven insights to build diverse and high-performing teams. The system will align the right skills and personalities, regardless of the specific skills employees bring to the table.
• One-on-one prep & coaching: Use data-driven intelligence to create personalized coaching plans for every individual.
• Improve performance management: Enable ongoing feedback, goal tracking, and personalized development plans and career paths. These can enhance employee performance and professional growth.
• Measure employee performance & engagement: Whether you're a small team or one of the country's largest employers, gauge your team’s satisfaction and identify areas for improvement. You can use surveys, employee sentiment analysis, and performance appraisal tools.
• Manage team conflict & build stronger relationships: Provide a channel where employees can share their opinions and organize virtual meetings to solve problems. Organize open and respectful lines of communication and reduce team conflict.
• Introduce team health systems: Create team health plans and keep employees’ family health in good shape.
• Support independent talent development: Nurture leadership skills and empower employees to reach their full potential. Give employees visibility into the potential career development pathways offered within your company and other useful career services such as practical learning programs. Commit to expanding education by creating a strategic education benefits program within your organization, which has the potential to provide life-changing opportunities to your team.
• Support employee wellbeing: Just as important as growth through education, give employees the right resources to maintain their physical and mental wellbeing. Offer mental health sessions and wellness programs.
• Foster a positive workplace culture: Cultivate and promote a strong workplace culture among employees. Promote engagement, collaboration, inclusivity, and creative thinking at every level within the workplace.
• Improve employee retention: Leverage tools designed to boost employee engagement and increase job satisfaction. Streamline your onboarding, corporate training, and development progresses, while demonstrating clear career pathways. Offer modern employee self-service features. Enable easy communication between managers and employees throughout the entire employee lifecycle.

F4S’ comprehensive human resource tech solution offers all of the above features. The intuitive platform supports several use cases, making it a versatile choice for organizations seeking to elevate their HR processes – and it’s backed by deep industry expertise, so you know it delivers.

What is human capital management?

Human capital management (HCM) is a comprehensive approach to managing employees that tracks and supports them throughout their life cycle in an organization. It involves integrating software systems that merge employee data and talent management. And, of course, it covers core HR functions.

HCM systems encompass recruitment, performance management, learning and development (including career paths), succession planning, and compliance – ultimately treating employees as valuable assets within your organization. HCM also encompasses how a high-growth company evaluates, compensates, and rewards its employees.

HCM, HRIS and HRMS: what’s the difference?

HRIS (human resources information system) and HRMS (human resources management system) are often used interchangeably with HCM. However, there are subtle differences between them.

HRIS focuses on managing employee data, providing a centralized system for storing and retrieving HR information. HRIS is often used to track, organize, and analyze employee information.

HRMS offers broader functionality. It provides an organization with accurate and up-to-date information, including employee data, recruiting and hiring metrics, and skills analysis.

Additionally, HRMS can provide more efficient communication between different departments. It’s also helpful in managing and tracking vacation and leave time.

Summing up, HCM takes a more holistic approach, combining core HR and talent management systems. Its goal is to optimize human resource processes. It’s the system for you if you want an easier, more cost-effective solution to manage and optimize your company's workforce.

What are the best HR tech companies?

There are plenty of human resource tech companies out there. Here are some of the best:

Fingerprint for Success

F4S offers a unique combination of one-on-one coaching and assessments to assist with talent acquisition, boosting employee wellbeing, encouraging internal talent mobility, and enhancing your team's performance.

It drives employee development and integrates with other leading online solutions, such as Google and Zoom. You can also sync it with career sites, like the following:

Paylocity

Provides a comprehensive suite of HR solutions. This includes payroll management, time and attendance tracking, and corporate-level benefits package administration.

‍Workday

‍A cloud-based software platform for HR and finance solutions. It covers staffing processes, such as talent management, payroll, and workforce planning features.

‍iSolved

‍This platform encompasses payroll, time and attendance tracking, and employee benefit administration.

‍Ultipro

‍Offers a unified HR solution, covering payroll, HR management, up-and-coming talent acquisition, and performance management.

‍Bamboo HR

‍This platform puts a strong focus on data and analytics, hiring, onboarding, compensation, and culture.

‍Greenhouse

‍Focuses on talent acquisition and applicant tracking. It provides tools to streamline recruitment processes and optimize candidate selection.

‍Bob HR Management

An HR platform that boosts employee engagement, retention, and productivity.

See how F4S complements your HR tech, business collaboration, and productivity tools

Think of F4S as a collaboration and performance technology to help you understand and bring out the best in your team. Achieve out-of-this-world results together!

Which HR platform is right for your business?

Selecting an HR tech solution that aligns with your business needs and drives tangible results requires careful consideration.

Here are some helpful tips to guide you through the decision-making process:

• Assess your HR pain points: Which specific areas in your HR processes need improvement? Do you need a comprehensive HCM solution or individual modules for specific functions? Do you need help navigating the talent marketplace? Do you want to improve efficiencies in candidate screening? Could your team benefit from development opportunities or learning opportunities?
• Consider scalability: Can the HR tech solution scale alongside your organization's accelerated growth and changing needs?
• Integration capabilities: Can the HR tech solution seamlessly integrate with your existing systems, for example, payroll, compensation management, and performance management tools?
• User-friendliness: Look for an intuitive interface that simplifies adoption and minimizes the learning curve for your HR team.
• Data security and compliance: Does the HR tech solution adhere to industry standards for data security? Is it compliant with privacy regulations?
• Vendor reputation and support: Research the reputation and track record of the consumer web HR tech provider. Read customer reviews and check the level of customer service they offer.

4 HR tech trends to watch

Advances in technology and changes in working culture mean that HR tech continues to evolve. Here are four burgeoning trends shaping tomorrow’s HR technology:

1. Hybrid vs office vs remote workforce

Demand for remote and hybrid work is greater than ever. The COVID-19 pandemic has accelerated the shift towards remote teams and hybrid work models. Today, 73%¹ of employees say they need a better reason to go into the office than simply company expectations.

The challenge lies in ensuring seamless integration between in-person and digital workflows. At the same time, companies must foster a sense of connection and engagement among employees. Vibrant tech hubs will play a crucial role in supporting these new ways of working. Such hubs can provide tools for remote collaboration, virtual onboarding, and performance management.

If you want to manage hybrid and remote workforces effectively, embracing HR tech solutions is an essential. Platforms such as F4S provide a range of features that help the transition to these new work models. Plus, F4S integrates with popular collaboration tools such as Google and Zoom. This enables business partners and teams to communicate and collaborate more efficiently by understanding the unique work styles of each team member.

Our app for Zoom is revolutionizing virtual communication and collaboration.

Simply download the app and answer four simple questions that will reveal your learning style:  seeing, hearing, doing, or reading/writing. Then you can add your communication style to your Zoom profile (they show up as emojis) and supercharge your meetings.

2. The rise of artificial intelligence

Artificial intelligence (AI) will transform the future of HR management. Connected intelligence tools can automate repetitive tasks, making it as useful to the staffing industry as today’s top tech leaders. A good example is resume screening and interview scheduling, where AI can free up HR professionals' time to focus on other strategic initiatives. It can also provide actionable insights for immense talent acquisition.

In addition, AI can help with performance evaluation, learning, and development of your team. This will enable more informed decision-making in your organization.

One notable AI-driven tool is Marlee, F4S' (and the world’s!) first AI coach. Marlee leverages natural language processing (NLP) and machine learning algorithms (MLA) Marlee provides personalized coaching and development guidance to employees at scale. It can help teams and individuals get motivated and crush goals in just eight weeks, with measurable improvements and results. Marlee will come up with a coaching plan based on an employee’s unique working style. Best of all? Coaching with Marlee is completely free and available 24/7.

3. Diversity, equity, and inclusion hiring

Diversity, equity, and inclusion (DEI) are significant priorities for today’s multinational employers. DEI covers the principles and practices that promote a fair, inclusive, and respectful work environment, regardless of people’s race, gender, marital status, sexual orientation, or any other dimension of diversity.

But DEI goes beyond just representation. It aims to create a culture where everyone feels valued and respected so that all employees have equal opportunities to thrive and contribute – in essence, creating cultures of opportunity at every level of your organization.

Cutting-edge technology in HR can assist in DEI hiring efforts for innovative companies around the world. It helps you put in place blind screening processes and analyze job descriptions for bias. Plus, it allows you to promote diverse candidate sourcing. F4S offers expert insights and assessments that can help organizations identify and address those unconscious biases. You can do all of this while fostering a more inclusive work environment.

As a shrewd employer, you can use DEI as a strategic advantage in today's market. Use the F4S tools to understand the cognitive diversity of your team. You’ll gain data analytics on the individual motivations of your team to help you better understand your current workplace culture. The F4S team will also provide you with evidence-based strategies and initiatives to foster collective action. The smart HR solution will help you build a workforce that thrives on diversity and fair practices.

F4S team affinities

4. Bridging generational gaps at work

With different generations working side by side increasingly the norm, HR tech can help bridge any generational gaps to create a more harmonious work environment.

But what’s the key to optimizing team dynamics? Understanding the unique needs, preferences, and communication styles of different generations.

Studies² have revealed a trend that Gen Z employees and junior workforces don’t align with previous workforces. The lack of workplace experience, business acumen, and soft skills extends the period of time this generation needs to learn efficient ways of working. This, of course, increases the costs of onboarding.

Although this is one of the key challenges for employers, there’s a way to overcome it. You can reduce onboarding times by designing custom onboarding programs. These programs will align with new hire communication, decision-making, and work preferences. F4S provides a free and accessible platform for all employees and leaders. The goal is to support development initiatives, and bridge generational gaps.

F4S team dashboard

How to use HR tech to turn your leaders into coaches

One impactful way to leverage cloud HR tech software is to turn your leaders into coaches so they can guide and develop teams more effectively – a move that shrewd employers are increasingly making.

F4S, for example, offers a wide range of business tools to empower the leaders in your business, including:

Syncing talent acquisition with company culture

In order to build a cohesive and engaged workforce, you need to sync talent acquisition with your company culture. HR tech such as F4S can help you do this. Using assessments and data analytics, the software helps you identify candidates who have the required X-Factor skills for success, and align with your company's culturre, thus streamlining your talent acquisition processes.

In addition, F4S can be seamlessly integrated into various HR tech platforms, ensuring a cohesive and unified core experience across your HR ecosystem.

For example, you can integrate F4S with Greenhouse³ through a unique API key. Once you link the two platforms, you can then use the full power of the F4S platform to compare, benchmark, rank, and assess your candidates in the context of your team and company.

F4S can help you create a culture map unique to your organization. It delivers a groundbreaking and insightful analysis of your team's unique culture, even across different offices. You’ll get a statistical deep dive into your employees’ and team’s work styles and motivations. You can then make data-driven decisions around hiring, management, and workflows.

Agile team building

In a challenging and rapidly changing industry environment, agile team building is a crucial focus for many modern organizations.

A forward-looking HR solution gives you tools to assess team dynamics. It will also identify skill gaps and foster collaboration. You can perform this at any point in your project’s timeline, even late in development.

The F4S platform, which millions of professionals rely on, offers innovative approaches to building your team. As a leading AI-powered employee experience platform, F4S' AI coach Marlee delivers personalized coaching and feedback to you and your team. Marlee goes as far as building a custom team-building coaching program – all you need to do is take a 20-minute assessment.

After completing the online coaching plan, managers will have a deeper understanding of their team. They will learn how to lead, communicate, and work with their team members better, which has the potential to transform team dynamics.

Frequently asked questions

What is the cost of implementing Artificial Intelligence Cloud HR Tech Information Technology Software?

The cost of implementing HR tech varies depending on several factors, such as the size of your organization is one of them. Then, there's the specific solution chosen, plus the level of customization required. The best approach is to request quotes and conduct cost-benefit analyses. This will allow you to determine the most cost-effective solution for your business.

How long does it take to put HR tech in place?

Implementation timelines vary depending on the complexity of the solution. It might take longer if your organization is not quite ready for the new solution. On average, it may take several weeks to a few months to complete the implementation process successfully. Proper planning, stakeholder engagement, and clear communication are crucial for a smooth implementation.

How can HR tech improve employee engagement?

HR tech provides tools for ongoing employee feedback, recognition, and career enhancement goals, including learning opportunities and development opportunities. It also facilitates transparent communication and empowers full-time employees to move to the next phase of growth. It develops personalized learning paths and provides employee recognition of meaningful moments. You can also introduce achievement rewards to encourage improvements in employee engagement