C-suite and human capital leaders have arrived at a critical moment in talent management.
They face a convergence of global trends disrupting how work gets done. Fueling this dynamic
transformation is the accelerated development of technology, which has revolutionized the way
that companies acquire, manage and engage their people. With more choices in their toolkit than
ever before, employers can look to innovations such as artificial intelligence (AI), automation,
predictive analytics and other rapidly evolving technologies to better source critical skill sets,
personalize candidate and worker experiences, and assess effectiveness in their use of talent.
making sense of HR
technology disruption.
While the proliferation of technology has been
a boon to employers everywhere, it can also be
overwhelming. Like an escalating arms race,
investing in the latest human capital technology
can be a costly and resource-demanding exercise
for many organizations. Our Randstad Sourceright
2017 Talent Trends research shows that while
most companies (85%) are satisfied with the level
of attention they give to talent innovation, 59%
also suspect competitors are spending more
to get ahead.
With so many new technologies being
developed and brought to market — the number
of investments in HR technology companies
reached a record in 2016 — businesses face
a real challenge when determining the right
solutions for their needs. This requires human
capital leaders and their teams to maintain a
deep comprehension of current developments in
applications, big data and the cloud. Additionally,
talent leaders must select the tools most
complementary to their workforce and existing
technologies to optimize the spend. After all,
technology produces much more powerful
results when coupled with human intelligence
and integrated with the employer's network of
solutions. For organizations already stretching the
capabilities of their teams, vetting technology can
further tax resources and delay talent strategies.
So how can employers adopt a practical approach
to technology that keeps them at the forefront of
innovation without bankrupting their budgets?
It's a delicate balance, but recognizing the
latest developments in the market and aligning
organizational needs accordingly will help prioritize
investments and achieve the best outcomes.
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