Recently, we have seen HR tech evolving very quickly and with nimble startups innovating, they have pushed larger enterprises to adopt innovative HR technologies.
Companies have been leveraging on and even acquiring HR tech vendors that are driving positive change in the world of work.
We’ve had the honour of speaking with three leading women in Singapore’s HR tech scene to access their insights and experiences.
One of the reasons why HR continues to be viewed as admin jockeys is the lack of meaningful data.
And an anecdote I came across captures this best.
In a board meeting, the Head of Sales come in with the sales projection numbers. Finance would bring in the P&L, BS and Marketing would come in with their latest conversion metrics.
Administration of medical benefits is akin to generating payslips for employees in SMEs.
It is important, compliance requires it but many administrators just find it laborious and lapses just keep recurring over and over again.
And it isn’t restricted to the HR administrator. The employee needs to capture the receipt, probably fill up a form and go back to primary school art-and-craft to glue the receipts onto an A4 sheet for submission.
I have known Steve for more than 10 years.
We were both BNI members of Gateway chapter and I clearly recall that was before my 10 year old son.
He surprised me at first when I learned he is a sales person given his quiet demeanour.
But once you know him better, his blend of technical knowledge and sharpened solutioning skills make him the kind of consultative sales people you enjoy speaking with and learn from.
Often I hear about how companies view their human resources.
That they are the most important asset in the business and without them, success wouldn’t happen.
But when you dig deeper and look at the amount of investment (re: training) made on their people, the opposite seems true.
And I can understand that through my interactions with the group of HR Directors from hotels in Bangkok a few months ago.
With the exponential growth in technology, the demand for tech talents has outstripped supply.
Based on the data from Singapore government, the number of Infocomm Jobs (Employed and Vacancies) has gone up 106% in 2016 compared to 2002.
And this situation isn’t just unique to Singapore.
With that backdrop, the entrance of GetLinks is welcoming.
Do you know how much it costs to replace a headcount?
It isn’t just the salary alone.
You have to account for the non-wage costs such as the costs of on-boarding, recruiting (headhunting fees), honeymoon period, acclimatisation (for both parties), and the list goes on.
If the headcount you are replacing happens to be a sales person, the damage would be much bigger given that a portion of your clientele might go with him or her.
Coaching is one of those highly under-rated things that can have huge impact across an organisation.
It isn’t just prevalent in sports but in companies as well.
Very often, highly successful executives attribute their accomplished careers to having a supportive supervisor or manager in their formative years who coached more than tell.
A search for employee engagement on Google would return 172,000,000 results.
It is no coincidence that this space has seen an explosion of new innovative HR Tech.
Go-Up.Work is one of them. With office in Singapore and Thailand, their employee engagement platform help companies to optimise their people experience to uplift, engage and retain them better
The whole gist is a happy employee is a productive one.
“Bootstrapping is a way to do something about the problems you have without letting someone else give you the permission to do them” – Tom Preston-Werner, co-founder of Github
After six years of bootstrapping at Villa Finder, I entirely agree with this quote. Starting a company solely with your own dime has its merits and some setbacks.