APAC CIOOutlook

Advertise

with us

  • Technologies
      • Artificial Intelligence
      • Big Data
      • Blockchain
      • Cloud
      • Digital Transformation
      • Internet of Things
      • Low Code No Code
      • MarTech
      • Mobile Application
      • Security
      • Software Testing
      • Wireless
  • Industries
      • E-Commerce
      • Education
      • Logistics
      • Retail
      • Supply Chain
      • Travel and Hospitality
  • Platforms
      • Microsoft
      • Salesforce
      • SAP
  • Solutions
      • Business Intelligence
      • Cognitive
      • Contact Center
      • CRM
      • Cyber Security
      • Data Center
      • Gamification
      • Procurement
      • Smart City
      • Workflow
  • Home
  • CXO Insights
  • CIO Views
  • Vendors
  • News
  • Conferences
  • Whitepapers
  • Newsletter
  • Awards
Apac
  • Artificial Intelligence

    Big Data

    Blockchain

    Cloud

    Digital Transformation

    Internet of Things

    Low Code No Code

    MarTech

    Mobile Application

    Security

    Software Testing

    Wireless

  • E-Commerce

    Education

    Logistics

    Retail

    Supply Chain

    Travel and Hospitality

  • Microsoft

    Salesforce

    SAP

  • Business Intelligence

    Cognitive

    Contact Center

    CRM

    Cyber Security

    Data Center

    Gamification

    Procurement

    Smart City

    Workflow

Menu
    • Cyber Security
    • Hotel Management
    • Workflow
    • E-Commerce
    • Business Intelligence
    • MORE
    #

    Apac CIOOutlook Weekly Brief

    ×

    Be first to read the latest tech news, Industry Leader's Insights, and CIO interviews of medium and large enterprises exclusively from Apac CIOOutlook

    Subscribe

    loading

    THANK YOU FOR SUBSCRIBING

    Emerging New Trends in HR Tech Space

    Technology is the crowned change-maker for practically all industries undergoing significant business transformations.  

    Emerging New Trends in HR Tech Space

    By

    Apac CIOOutlook | Tuesday, September 27, 2022

    Stay ahead of the industry with exclusive feature stories on the top companies, expert insights and the latest news delivered straight to your inbox. Subscribe today.

    HR leaders are realising the need to invest in emerging technologies in their efforts to craft an impactful people strategy.

    FREMONT, CA: Technology is the crowned change-maker for practically all industries undergoing significant business transformations. The HR department has been late to the celebration. It did not experience the drastic changes other departments like marketing or finance did. Due to the two-year break, HR technology has gradually risen in importance for many organisations. The entire function is changing to become more effective and efficient to technology solutions related to software, the cloud, digital platforms, AI, and machine learning.

    HR directors realise the importance of investing in emerging technology to create an effective people strategy. According to recent estimates, the market for HR software will expand and reach USD 10 billion by the end of 2022, with a CAGR of 10.4 per cent for the industry as a whole. The modern HR environment has changed to consider the numerous technological aspects and incorporate them with conventional HR procedures.

    Organisations need to concentrate more on the results and identify top performers using various key Performance Indicators( KPIs). The outdated practice of conducting annual or biannual performance reviews will likely harm worker productivity and motivation. The entire system might be reviewed by HR technology, making it more real-time and integrated. With a tech-powered system, several requests and preferences may be easily incorporated.

    Increased Use of AI and Machine Learning

    The rising usage of artificial intelligence (AI) and machine learning is one of the most significant trends in HR technology. Employers use these technologies for various purposes, such as hiring, performance management, and staff retention. Several businesses are now adopting chatbots to respond to frequently asked inquiries from candidates during the hiring process. Additionally, AI is being used to screen social media accounts and resumes to find the best prospects. Predictive models that can aid businesses in making wiser decisions regarding things like hiring, promotions, and compensation are also being developed using machine learning.

    Agile Team Building

    Interaction and collaboration across cross-functional teams become more effective and simplified with a single HR engagement software. This results in what is known as an agile team, where individuals from many departments collaborate fast and effectively to accomplish a common objective. Agile team development has various advantages, including boosted creativity, greater judgement, and enhanced communication. Agile teams can also better handle unforeseen difficulties and adjust to change.

    Data-driven Strategies

    The use of data is quickly moving from prediction to description. The large amounts of data that are already available on how employees interact, their hobbies, and how they spend their workdays are anticipated to change, even though fundamental HR data cannot be expected to alter substantially. As a result, HR can forecast behaviour precisely and test new programs digitally. Algorithms will play a bigger role in HR choices as HR systems become more customised.

    More in News

    AI's Role in Apac's Digital Transformation Journey

    AI's Role in Apac's Digital Transformation Journey

    Influence of AI on Supply Chain Management

    Influence of AI on Supply Chain Management

    Role of Blockchain in Fostering a Trust-Based Economy

    Role of Blockchain in Fostering a Trust-Based Economy

    Revolutionizing Healthcare Through 5G Technology

    Revolutionizing Healthcare Through 5G Technology

    I agree We use cookies on this website to enhance your user experience. By clicking any link on this page you are giving your consent for us to set cookies. More info

    Copyright © 2025 APAC CIOOutlook. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Use and Privacy and Anti Spam Policy 

    Home |  CXO Insights |   Whitepapers |   Subscribe |   Conferences |   Sitemaps |   About us |   Advertise with us |   Editorial Policy |   Feedback Policy |  

    follow on linkedinfollow on twitter follow on rss
    This content is copyright protected

    However, if you would like to share the information in this article, you may use the link below:

    https://www.apacciooutlook.com/news/emerging-new-trends-in-hr-tech-space-nwid-9095.html