Saying that the nature of work has changed is an understatement.
Digital technology is disrupting business models and radically changing workplaces and how work is done. Organisations are becoming flatter, and millennials who make up more than half of the workforce, are redefining employer loyalty, amongst other things.
And we have not even discussed the impact of AI and Robotics on jobs.
Updated on 8th May 2018 with 16 more HR Techs
What a 2017 it had been for HR Tech.
Since my inaugural Singapore HR Tech Market Map in 2017, the landscape has evolved quite a fair bit.
Compared to my 2018 update, there has been a huge gravitation towards employee engagement and analytics.
Businesses no matter how large or small they are are taking employee perks into consideration when looking for ways to improve the employee experience.
According to a 2015 Glassdoor report, employees are prioritizing them over money, saying they would rather receive stronger benefits than a pay raise. This is a significant and new way of thinking about our jobs that can no longer be ignored.
Recorded video interviews are a bit of a new concept in the recruitment space. For decades, companies relied upon the face-to-face interview to find the right employee.
It’s the go-to method in terms of pulling the trigger on a hire as an employer will want to have a deep and meaningful conversation before they offer a candidate a job.
In collaboration with HR Digital Today, I am pleased to share with you our HR Tech Market Map that covers Hong Kong market.
HR Digital Today is an HR tech hub and news information portal, connecting entrepreneurs, investors and HR decision makers.
They focus on the booming HR tech scene in Asia Pacific, from Australia to India.
I will be sharing about my latest HR Tech Market Map and my forecast for HR in 2020.
It is painful to watch.
The excel sheet that has held payroll data since the company’s inception decades ago is so bloated that the time taken to open the file could allow one to make a cup of coffee, finish it up and make another.
And that’s just the beginning as it will take at least half a day to process the fifty employees payroll as new rows are created and formulas are pasted.
Anyone working in the recruiting business is well aware of the immense workload and pace the profession requires putting in.
Most importantly, recruiting is not some random skill that you can master once and set the remaining career on autopilot because it involves constant learning.
This is the reason HR professionals and hiring experts resort to HRMS tools and solutions to get the job done.
It is almost by default that any recruiters, salespeople or networkers need to have a LinkedIn account.
With millions of users on that platform, it is the easiest way to plug into a vast network which you can dissect, sort and filter.
And joining LinkedIn is free so there is no reason not to.
Recruitment is a constant pain point for many businesses.
From startups to SME to MNC, the importance of hiring good people cannot be emphasized enough.
Applicant tracking system (ATS) was supposed to help. Instead, typical systems deploy non-semantic matching and basically surface the resume with the best SEO.
LinkedIn helped somewhat by providing the world’s biggest database for companies and agency recruiters to mine.