The Core HR software market could increase in value at a rate of 11.1% between 2022 and 2030, according to researcher Market Research Future. The firm estimates the market’s size will reach around $35 billion by the end of the period.
Driving the increase is the growing adoption of cloud-based...
Generation Z is the only segment in the labor market that is showing growth, according to a report from Paychex. In fact, the study found the workforce's composition is shifting as more Gen Z members seek full-time and long-term roles, Gen X begins to retire and Millennials enter their...
Transcript
Welcome to PeopleTech, the podcast of the HCM Technology Report. I’m Mark Feffer.
Today, something different. We’re going to look at a few of the most interesting stories about HCM technology that have taken place in the last few weeks. The days surrounding Memorial Day are supposed to be quiet,...
Employers may get some relief from the tight labor market’s pressures as job opportunities decline, labor shortages abate and big pay increases for changing companies begin to slide. The Great Resignation is becoming a thing of the past, said ADP Chief Economist Nela Richardson. Now, we've a Big Stay.
Whether...
CHROs are lowering their business forecasts for the year ahead of “persistent inflation and talent challenges” that seem to be lasting longer than anticipated, according to the latest CHRO Confidence Index from StrategicCHRO360.
The index retracted nearly 3% between the current quarter and the last as CHROs prepare for a longer than...
While most Americans are aware of artificial intelligence, their understanding of how it works varies depending on factors such as age and job position. And despite being open to AI handling specific tasks, Americans are reluctant to trust the technology with decisions that could significantly impact their own lives.
Krista...
Businesses are failing to promote employee productivity with new time-saving technologies, hybrid work and talent development, according to a new study from Slack. The company's State of Work Report found that only 23% of organizations are investing in new technology to improve its workforce's productivity and efficiency. Meanwhile, just 27% have...
A majority of enterprises see cost savings from HR technology transformations, but fewer than half can demonstrate clear business value from their investments.
According to Information Services Group’s 2023 ISG Survey on Industry Trends in HR Technology and Service Delivery, 87% of large businesses are achieving savings of 10% or...
Technology and professional power skills saw the biggest increase in course consumption during the first quarter of 2023, according to the learning company Udemy. The figures appeared in its Q1 2023 Workplace Learning Index, a quarterly report that highlights skills that are growing in demand among professionals.
Analyzing data from...
While a majority of enterprise companies have realized cost savings from their HR technology investments, fewer than half are able to demonstrate clear business value from that investment, according to a survey by Information Services Group.
The 2023 ISG Survey on Industry Trends in HR Technology and Service Delivery found...
