With the fast pace of technological innovation today, businesses have increasingly embraced digital transformation. COVID-19 turned the dial up. In fact, a massive 97 percent of business leaders reported speeding up the pace of digital transformation (some by as much as 6 years) because of the pandemic. In 2022, 61 percent of companies are continuing down this trend. Specifically in HR, businesses expect a 9 percent increase in spending on HR technology. Because of the importance of HR in the organization and culture, digital transformation in HR has far-reaching effects on employees and businesses. Here, we’ll explore what those are, along with the role HR plays in the digital transformation of organizations. First, let’s dive into what it is, specifically related to HR and recruiting. What is Digital Transformation? Digital transformation is when businesses incorporate technology in their processes to remain competitive. Microsoft outlines digital transformation in 4 main areas, including business operations, employee experience, customer experience, and product and service offerings. Digital transformation can apply to all aspects of HR operations and the employee lifecycle, including hiring, engagement, performance management, training, benefits, and compensation. Some HR digital transformation examples include implementing cloud-based HR systems, applications that help facilitate remote work, training and learning management systems, incorporating the use […]
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