Nearly two-thirds of employers (64%) spend over 570 hours a year and at least 11 hours per week on HR administration. The survey by Paychex covered U.S.-based business with between five and 500 employees. In addition, the study found that annual spending for the largest businesses is as high...
While the market for HR technology among small businesses is growing steadily, new employers aren’t sure-fire prospects for vendors of cloud-based solutions. A study by business.com found that during 2023, 58% of SMBs without such software weren’t sure if they’d adopt it during 2023. More than a quarter (28%)...
Paylocity acquired TraceHQ.com, a platform that facilitates oversight of both workforce-management and financial functions in one place. Trace helps enable back-office activities related to managing headcount and procurement, minimizing the “back-office drag” that affects general and administrative costs.
Trace’s headcount-planning capabilities will add the integrations and workflow tools that enable...
TalentGuard enhanced its WorkGPT platform with two new tools, Skill Builder and Skill-Based Learning Link Builder.
WorkforceGPT Skill Builder generates technical, leadership and soft skills from scratch, including definitions and behavioral indicators across four proficiency levels. The tool allows organizations to customize and expand their skill libraries and encourage a...
Transcript
Mark:
Today an encore presentation. I’m talking with Steve Rothberg, the founder and chief visionary officer of CollegeRecruiter.com. They help employers of all stripes hire students and recent graduates for part-time, seasonal, entry-level jobs and internships. We’ll talk about how recruiting’s changed in recent years, and we’ll also look at...
WorkFusion, an intelligent automation company focused on financial technology, launched Work.AI, a no-code platform that leverages an organization’s domain expertise to create an AI-based digital workforce. Behind the scenes, the platform combines the capabilities of AI/machine learning, intelligent document processing and robotic process automation.
WorkFusion’s not the only company using...
Upskilling and retention may be among the biggest concerns of HR and business leaders, but 65% of them say they don’t have the time to develop relevant courses for their employees. A study by CYPHER Learning also found that 76% struggle to develop training courses with their current resources.
That’s...
Some of the softer elements of HR may be scaled down next year, continuing downward trends seen in 2023 as employers faced a variety of technology and workforce issues, from the tsunami of AI-related challenges to business conditions that seem less-than-steady.
One result of this is a weakened commitment to...
Nearly three-quarters of HR professionals, 72%, say people challenges and talent gaps are the biggest obstacles they currently face. Just 35% believe their people-management functions use relevant digital technologies, and only 30% agree that HR is using data and analytics to anticipate people challenges.
The findings were included in a...
CHROs and their colleagues in Purchasing and Procurement should understand two things about artificial intelligence: It’s going to change the way we work in ways we can’t imagine, but it’s not going to do that any time soon.
Generative AI has demonstrated its power in making work more efficient and...
