As technology advances at an unprecedented pace, human resources technology is undergoing a transformative shift to meet the evolving needs of the workforce. If you’ve ever been tasked with any HR projects, then you know that managing human resources is a complex and challenging aspect of nearly every business. To support HR teams in managing their diverse responsibilities, specialized technology has been steadily evolving in recent years.
HR Tech Trend #1: The Advancement of AI
One of the largest trends we’ve seen across all industries is the arrival of AI. We’ve already seen how AI can help automate routine tasks and help analyze data in other industries, and it shows no signs of slowing down. AI has begun to merge with HR technology, but this year we expect to see it become even further integrated. As a result of this, were seeing that more businesses are willing to invest in this technology – SHRM reports that 61% of Chief Human Resource Officers plan on investing in AI technology in the upcoming year.
Trend #2: GPS Verification Attendance Management
Outside of AI, we’ve already seen some monumental tech trends implemented into the HR industry. A great example of this is GPS attendance management. Digital attendance management leverages location-based technology to track employee activity and ensure employee attendance. For example, your employees would only be able to clock in and out while they are in the location that they designated to be. In order to manage your employees as financially efficiently as possible, this new technology is crucial.
Trend #3: Digital Budgeting Tools
Another trend that has been pivotal in human resource management technology is digital budgeting of employee labor. When you’re planning out who is working when, it is critical that you know how much you’re committing to spending, and how much more spending you have budgeted for. Budgeting labor costs impacts a company’s financial health, pricing, and overall competitive advantage. By investing in a user-friendly labor budgeting system, you are ensuring that your business has the technology needed to make the right spending decisions.
Now is the time to bring these trends to your HR team! AllWork offers a suite of HR tech features designed to streamline your team’s efficiency including GPS verification, which ensures accurate tracking of employee locations and work hours, and built-in budgeting tools that simplify planning and resource allocation. These features not only provide transparency and accountability but also empower HR teams to manage their workforce more effectively, making AllWork a powerful ally in optimizing your human resources operations.
Ready to learn more? You can schedule a demo of our end-to-end management and payments platform for your HR team here.
