Takeaways from HRTech Vegas 2015

It is rightly said, something’s never change, so as Las Vegas weather. But I’m enjoying the weather and missing my team back there in India. Every year HRtech is been organized with much bigger canvass and possibilities and every time technology intrudes the HRspace with much simpler offerings and products.

So what is special about this year 2015? In fact, everything. The event is much grander than all the previous years with improved and sophisticated solutions.

Let’s get to the point now. Takeaways:

1. Referral Hiring is the Big business now- With LinkedIn debuting in Referral space, you can easily make-out, how much is grass greener here. This would automate the process of finding new hires within the existing employees. Apart from Referral, LinkedIn’s Recruiter is also popular amongst Recruiters. What works here for LinkedIn is its relevant searches across different verticals. The system is intuitive enough to hold the responses and not to show the same rejected roles again, capturing newer interests in the future.

2. Data & Analytics- Adoption of HRtech is not smooth and moreover requires tenacity and patience from both vendor and Recruiters. Both have to work seamlessly to ensure perfect fits are being found from the database or other sourcing channels. Analytics can tell you a lot more if your data is well integrated within the system. Predictions like, when will be your best employee leaving and why? This is just the beginning and lesser part of what seems to be an ocean of possibilities. Foreword, pave the future and maintain the data well.

3. Go Mobile- Yes, that’s correct! Mobile HR has increased by 92% reports Cedar HR Systems Survey, from 13 percent to 25 percent this year regarding mobile-enabled services. Mobile space has a lot of potential regarding how technology is being adopted and used. There is more need for shared services accessible on mobile. HR with other services like health, performance, benefits and wellness is can be intertwined nicely with a mobile experience. The whole idea here is to give the same information easily accessible on mobile with the same impact.

4. VC funding- Money is raining on HRtech space especially for talent acquisition arena. Be it referral, branding, assessment, predictive, HR has shown acceptance to every idea that helps the best talent meet the eye. We’ll be going to admit some cool innovations in the coming months from many new entrepreneurs in the game.

5. Culture is most important- Development, opportunities and leadership are directly linked to employee satisfaction, more than benefits and compensation. Even the company who represented a strong employer brand embedded with culture surpassed stock expectations than the ones who don’t. In coming times, people will do stuff, choose the schedule, get paid and offer services online demanding greater freedom. We’ve to build our organization culture accordingly.

In the end, the focus of HRtechnology is now like customer driven for candidates, says Josh Bersin. Not like the earlier days of streamlining of HR administration solely. It would be more like an application run from anywhere, within the scope of closely connected networks where people recommend job for each other, knows strengths and areas of changing interests. Evaluation will be time-based improving capabilities, productivity, behaviors, and overall work-life balance. Even moving towards a much fitter and healthier HR that cares and reaches faster than you think.

Source: Linkedin