If your view of the technology that drives the human resources end of business is mostly hiring, firing and time off management, your head would have been spinning at the HR Tech conference that just wrapped up. Analyst Conner Forrest was there and joined host Eric Hanselman to look at not only the highlights of the conference, but also his recent research and market explorations. It’s an area that has seen dramatic transformation, as organizations work to manage their internal capabilities with one of their most valuable assets, their employees. Analytics now play a much greater role in many aspects of management. People analytics can address performance management to gauge and guide team effectiveness. It’s grown into employee experience analysis, as organizations look to manage and retain key talents and skills. Using intelligent skills gap analysis can strengthen training programs, particularly when it becomes part of employee growth planning.  When it’s done right, investing in employee experience can also improve customer experience.

HR tech is another market where there is a tension between integrated analytical functionality and standalone products. The recent HR tech Market Monitor looks at shifts in growth, startup opportunities and market dynamics. Larger players want to maintain a platform advantage and newcomers are trying to carve out their own niche. There are a host of possibilities to improve performance, culture and employee focus.

More S&P Global Content:

• How legacy tech can kill recruiting efforts, increase attrition and ruin the employee experience
• Top 5 AI use cases for HR set stage for its evolution to data-driven partner
• Data Insight: HR technology market to surpass $85B in 2028
• HR Technology Market Monitor & Forecast

Credits:

• Host/Author: Eric Hanselman
• Guests: Conner Forrest
• Producer/Editor: Donovan Menard
• Published With Assistance From: Sophie Carr, Feranmi Adeoshun, Kyra Smith