How will businesses utilise technology for talent management?
The use of technology in talent management initiatives is a well established practise in businesses worldwide.
However, as demands and scope of departments start to change, how will productivity solutions evolve to handle new requirements?
Bersin predicts trends of the near future
In 2016, John Bersin of Bersin by Deloitte believes that HR technology will see some notable changes as departments shift to a “consumer-like” perspective in managing employees.
Cloud solutions will see more widespread adoption as businesses make use of innovations from preceding pioneers. Software providers will equip businesses with new capabilities, such as better candidate management, more in-depth analysis methods and improved communication.
Software as a service will be one of the fastest growing areas in cloud during the next four years.
The dominance of cloud was also compounded by Gartner’s recent predictions. The organisation stated that the public cloud services market for mature firms in the Asia Pacific region will rise to $12.9 billion in spending. By this time, software as a service will comprise of 25.7 per cent of all expenditure, making it one of the fastest growing areas in the next 4 years.
Fred Ng, senior research analyst at Gartner, explained the many benefits that come with adopting cloud solutions such as recruitment software.
“Organisations continue to seek out IT solution delivery methods that are more responsive to changing business needs like public clouds,” he said.
“Key factors driving cloud include organisational agility, cost benefits, increased innovation with the potential for transformation, and elements of user self-service and control when using cloud.”
Are businesses in the Asia-Pacific region prepared?
In order to best make use of evolving technologies, firms need to have a clear talent management plan in place. This includes fostering the right mindset among your staff at all levels of the company.
However, a recent survey from ATD Research found that over 60 per cent of firms in all regions of the world struggle to adapt their culture to meet talent development requirements. Nearly two thirds of firms in the Asia-Pacific region cited the challenge of building an effective leadership pipeline.
As a result of these barriers, only half of companies in the region feel their talent management strategy aligns with long-term business objectives.
Before selecting a new platform for talent management, businesses must ensure their internal processes are able to respond positively to the technology. Choosing a provider that can implement your solution is also an important consideration to get the most out of new technology.