For many businesses, repetitive and monotonous tasks are just a reality. Fortunately, many companies can take advantage of HR technology to reduce the time it takes or automate it entirely. HR technology is software and hardware used to simplify processes for hiring, onboarding, training, retaining, and delighting employees. So what can be used to help your business?
Employee referral software (ERS) asks employees to refer new talent in exchange for gifts or benefits. ERS has been shown to boost employee referral rates by 5 times and decrease employee turnover by 50%. Similarly, applicant tracking systems (ATS) monitors all candidates from recruitment to hiring and is used by 97.4% of all Fortune 500 companies. ATS companies like fountain are even able to reduce the time to hire as much as 93%.
Performance management software (PMS) like HireRoad tracks employee goals, performance, and objectives. It has been shown to boost recruiting efficiency by 80% and a rise in business productivity by 25%. Hire performing HR teams are even 2.6 times more likely to use PMS compared to not. Similarly, candidate relationship management (CRM) software helps to nurture positive relationships with hires and to foster a positive work environment. Both these software’s help you not only manage the productivity, but the satisfaction of the employees.
Ultimately, regardless of what industry your business is in, HR technology can easily boost your productivity and employee retention rates. To make HR tech work for you, hire the right HR tech PR company to create your brand presence, schedule media meetings, and interact with industry analysts to help your business get ahead.
Source: Talent Tech PR
By Adam
Adam is an owner at Nanohydr8. He really loves comedy and satire, and the written word in general.
