Six Tips for Selecting the Right HR Technology
Think long-term and plan for changes
Along with dealing with the new tech demands driven by the global pandemic, HR leaders must also increasingly navigate through the marketing hype from HR technology providers that occupy a growing and robust market.
According to a 2020 study by professional services firm PwC, 74 percent of organizations planned to increase their HR tech spending, while Sapient Research reports that 57 percent of HR departments will increase their system spending this year. Last year saw $17.9 billion in venture capital spending in HR technology as well as the debut of 33 unicorns—HR tech start-ups that are valued at more than $1 billion.
This presents challenges to HR leaders looking to upgrade their technology.
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