What’s holding back the HR software industry?

HR departments handle a lot of aspects of the running of a business, from reporting and administration to employee onboarding, recruitment and employee engagement. Over the last decade, the innovations made to digital software for HR has drastically improved to streamline processes and increasing the strategic value for organisations. But while adding a HR system is hugely beneficial to so many companies, there are still aspects that are holding the HR software industry back – these are some of the biggest challenges the industry is facing lately.

Attracting Top Talent

In today’s age of competition for talent, attracting top talent is one of the biggest concerns for organisations across a host of different sectors. The new era of HR software has come to eliminate a rang of mundane tasks such as CV parsing and filtering out the best candidates, but attracting top talent is still a challenge that businesses face and that the software industry has to find ways of combating. Innovative HR software needs to keep up with the times and ensure that companies are always able to source the very best candidates for every role.

Rewarding Talent and Employee Retention

Hiring the right talent is one problem but it becomes even more critical for businesses to retain that talent once staff have been acquired. Investing in the right HR software is integral to this proves, as software systems have mechanisms that can closely monitor and record the achievements of individuals within the business throughout the performance cycle. This makes it easier to recognise and reward talent in the organisation which helps in the retention process.

Learning and Development

A big part of employee retention and engagement is fulfilling an employee’s aspirations in the workplace and helping them to grow on a career and personal level. The cross-functional nature of jobs in the modern work environment means that learning and development plays an important role in development programmes, which is structured and facilitated by the HR department. HR software, as a result, needs to proactively reinvent itself to ensure that it remains capable of accommodating such changes.

Job Design

Job descriptions are dynamic in today’s modern workplace so designing the descriptions for different roles can be a challenge. What’s more, mapping skills for a specific role while carrying out the hiring process is essential for HR professionals. HR software needs to be able to completely reimagine job design and skill mapping in order to keep up with the demands of businesses in a host of different sectors.

Maintaining a Transparent Work Culture

Another challenge that HR teams face is the maintenance of a transparent work culture. HR needs to ensure that there is a culture of trust, open communication and evidence of decision-makers engaging with employees across the business. With the extent that social media and networking has infiltrated our lives, HR software has to be able to reinvent the way that employee engagement is leveraged by technology in order to keep the work culture engaging and transparent.

About RJ Frometa

Head Honcho, Editor in Chief and writer here on VENTS. I don't like walking on the beach, but I love playing the guitar and geeking out about music. I am also a movie maniac and 6 hours sleeper.

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