Small and midsize businesses (SMBS) are no strangers to technology: according to the 2019 Top Technology Trends survey by the software review company Capterra, 80 percent of U.S. small businesses use human resources (HR) software or plan to within the next two years. The meteoric rise of remote and hybrid work has accelerated business adoption of HR technology, including intelligent digital assistants designed to make work easier and self-service platforms that allow employees to access HR-related information, wherever and whenever they need it. These tools are smarter and faster than ever before, brimming with new capabilities made possible by generative artificial intelligence (GenAl).
HR technology use cases for small businesses include managing, streamlining, and improving payroll, benefits, recruitment, onboarding, training and development, company communication, and employee engagement. When it comes to embracing Al, specifically, Megg Withinton, vice president of enterprise analytics at Insperity, a leading provider of scalable HR solutions, finds that SMBs tend to reside on one of two ends of the spectrum: they are either all-in on Al, or they are waiting, watching, and slowly starting their experimentation.
No matter where your business falls on the continuum, deepening your understanding of the HR tech market a market expected to reach $35 billion globally by 2028, according to Fortune Business Insights-will help you evaluate potential solution providers. Furthermore, understanding best practices for choosing and deploying the right HR software, including keeping the employee experience at the center of decision-making and never losing sight of the value of human connection, will help you get the most value possible from your technology investment.
Steamlining HR tasks
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
A Bankable Pet Project - How Moonshots Capital helped eTailPet scale up and attract a buyer in just three years.
Berenice Giannini's startup, eTailPet, wasn't a natural fit for Moonshots Capital. The Austin-based venture firm, launched in 2014 by Kelly Perdew and Craig Cummings, both of whom had previously served in the U.S. Army, frequently backs companies founded by military veterans.
Backers Should Have Your Back - The best capital provider for your business will offer a helping hand, not just deep pockets.
Three years ago, U.S. entrepreneurs were enjoying one of the best funding environments in decades. Venture capital and private equity hit all-time highs as banks loaned at historically low interest rates. All you needed to get a term sheet, it seemed, was a smile and a pitch deck.
Lift Off - Would you pay $50,000 to touch the edge of space?
Would you pay $50,000 to touch the edge of space? Meet the entrepreneurs providing a rarified clientele with a luxurious, once-in-a-lifetime journey.So you want to go to space. To take in the expansive curvature of the Earth glowing miles above the atmosphere, surrounded by pure darkness. To experience the mind-altering overview effect described by astronauts as a transcendent state of awe, staring back at the planet on which you've inhaled your every living breath.
There Will Always be Those Who Doubt You and Your Vision. Here's How to Tune Them Out. - Recently, I invited an experienced luxury hotelier to visit the new campus we were building near Santa Fe for Modern Elder Academy,
Recently, I invited an experienced luxury hotelier to visit the new campus we were building near Santa Fe for Modern Elder Academy, the midlife wisdom school I co-founded in 2018.
A Scientific Discovery that Unlocks Your Body's Healing Power
The founder of Stemregen, a company that creates powerful supplements that stimulate the body's natural repair system, explains how a \"fringe idea\" opened up a new world of stem cell therapy.
Transformative Growth: Agency Masters the Art of Evolution
As a destination marketer, Awestruck has mapped out a journey to success by constantly developing its services and its staff.
For the Love of the Restaurant Experience
The founder and CEO of DJB Hospitality shares his passion for the challenging and uniquely rewarding hospitality industry.
Custom PEO Solutions for Blue-Collar Industries
COMPEO is an HR management solutions provider with a jaw-dropping five-figure growth rate.
Homebuying Was BrokenMeet the Founders Here to Fix It
Cecilian Partners is a fast-growing technology firm providing end-to-end solutions for production homebuilders and land developers.
A Focus on Complete Solutions for Regulatory Environments
The Northcross Group develops sustainable processes for clients with compliance needs.
