News: Hiring candidates via tech gives better ROI- Survey

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Hiring candidates via tech gives better ROI- Survey

66% of respondents said that the ROI of hiring a candidate using HR technology is far greater than hiring through the traditional processes
Hiring candidates via tech gives better ROI- Survey

At a time when technology is making strides in all spheres, employees still seem hesitant adopting the new and savvy ways of working. This resistance from employees (31%) remains the biggest barrier in adopting technology for HR processes revealed a TimesJobs survey on ‘Decoding the impact of Tech in HR’. The survey was conducted among 1,380 HR leaders to decipher the impact of technology use in HR.

The lack of knowledge or technical skills (30%) was cited as the second biggest hindrance for HR technology adoption at Indian workplaces.

The key findings were:

• 35% survey respondents said that the biggest impact of technology in HR has been in streamlining the recruitment processes

•  48% of survey takers said organizations are using HR tech mostly to hire middle-level professionals

•   59% of HR leaders said that investment in technology has boosted the profitability of organizations

Tech in HR drives employee productivity and innovation:

The survey reveals that 43% of HR professionals consider employee productivity as the biggest reason to invest in technology. About 24% of respondents invested in HR technology to accelerate innovation. Around 46% of HR leaders said that the adoption rate of technology in human resources function is going to go up by 3-4 times in the next five years. 

Data security a top priority for Indian companies to invest in HR tech:

Organizations seeking to leverage new-age technologies to optimise their HR activities, ranked data security as the top reason for choosing HR software for their company. Whereas, functionality and easy maintenance of software were ranked as the subsequent factors for the companies to consider HR software. Price ranked as the last factor while buying an HR software.

“The use of technology can no longer be just an option for HR leaders. To win the war of talent, they will have to continuously invest in new tools and technologies to make their processes efficient and improve productivity, said, Sanjay Goyal, Business Head, TimesJobs and TechGig.”

The findings state that Data Analytics (42%) and Artificial Intelligence (36%) are the top two technologies which will impact HR processes most. The survey touched upon the next big emerging technology that will drive the biggest investment from HR leaders. The majority (33%) of HR leaders said that they would mostly invest in Robotic Processes Automation (RPA).

Topics: #Hiring, HR Technology

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