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2022 Was Another Record Year for HR Tech: See 20+ M&A Activities that Shaped the Market

Lighthouse

When you juxtapose that with the fact that 2021 was the biggest year ever for the HR technology market in terms of investment, we just couldn’t go without sharing the biggest pieces of the last 12 months and highlighting a few of the notable 2022 transactions for their specific value. Overall HR Tech M&A Trends and Insights.

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The ROI of HR Software: How It Saves Time and Money

EmployeeConnect

This is especially true in human resources, where managing people, payroll, and compliance can become overwhelming without the right tools. Enter HR software —a solution that not only streamlines processes but also delivers measurable returns on investment (ROI). Forecasting future staffing needs based on historical data.

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HR Outsourcing Trends and Statistics SMBs Should Know

Extensis

Here, explore the latest HR outsourcing trends, including the various types of HR outsourcing companies, which HR duties SMBs are offloading the most, and how to choose the right partner to help your organization simplify its workload and succeed. Rather, an HRIS is a valuable tool for experienced HR managers.

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What is HR Analytics? All You Need to Know to Get Started

Analytics in HR

This has a significant impact on organizational performance , leading to as much as a 25% rise in business productivity, a 50% decrease in attrition rates, and an 80% increase in recruiting efficiency. Although the term “HR analytics” is widely used, there is a growing trend of referencing “ people analytics ” as well.

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Headcount Planning: An HR Practitioner’s Guide

Analytics in HR

The process ensures that the organization operates with the set budget to hire or retain the correct number of people with the appropriate skills and competencies to achieve its goals. Let’s have a look at what this means in recruitment. Solid recruitment plans. Effective use of your (future) talent.

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HR KPIs: Guide, 20 Examples & Free Template

Analytics in HR

This reduction could, for example, apply to recruitment costs. In this case, ‘Recruitment cost in Dollars’ is the KPI. It can help managers understand whether they need to hire more (or fewer) people to achieve their goals. Internal hires are often up to speed faster, reduce the risk of bad hires, and stay longer in the role.

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The Hidden Cost of Quiet Quitting: Strategies to Address this Growing Trend

EmployeeConnect

This practice of leaving a job is becoming a growing trend in business workplaces. It can lead to higher recruitment and training costs, lower productivity and decreased morale among remaining employees. This can result in a need for rapid recruitment and additional costs related to advertising, screening, and interviewing candidates.

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