A significant number of employers face rising issues related to their IT security, including security challenges, HR-employee burnout and struggles with performance, according to a pair of recently released studies.
The first, the State of Hiring and Recruiting from KarmaCheck and Findem, said HR leaders are experiencing burnout at a high rate, with 61% saying they have considered quitting their current position.
The study found that more than 50% of HR professionals are missing their cost-per-hire targets and around 47% are not meeting their time-to-hire goals. Stress from these, along with the state of the labor market and inefficient business processes, are contributing to the burnout of HR teams in the U.S. This, in turn, has led to a rise in HR professionals wanting to leave their job or the field in general.
“There’s a perfect storm brewing with HR leaders telling us they’re missing key hires, missing critical cost-per-hire goals and losing team members left and right to burnout,” said Findem CEO Hari Kolam. “Companies that fail to address these issues will undoubtedly suffer from a talent drain and miss their overarching organizational goals. But those that do take quick action will be well-positioned for takeoff as the economy rebounds.”
The study showed that technology could be the answer to some of these issues. The study found that HR leaders see technology as a means to improve inefficiencies as well as increase scale for recruiting and hiring. Similarly, respondents viewed tech as a way to improve “coordination among internal HR teams and drive alignment with hiring managers,” one of the top reasons for the burnout they’re experiencing.
Indeed, 95% of respondents who had previously quit said they would have likely stayed if their employer had provided more or higher-quality technology.
Problems Presented by Tech
In the second survey, technology was also found to present problems regarding data and cybersecurity. In the next three years, more than three-quarters of IT decision makers across the U.S. and Canada believe companies are likely to face a data breach, according to new research by Adastra.
The survey’s respondents said data security was the biggest “game changer” for 2023. Between the increased use of technology and the changes to the way work gets done, more security risks are becoming apparent.
“The increase in data breach incidents across North America is troubling and must be prioritized as employees continue to return in-person to their corporate offices,” said Adastra Practice Lead, Data Security, Kuljit Chahal. “During the pandemic many employees were hired virtually and, in combination with long absences from offices, introductions to and re-familiarization with security protocols will be critical.”
According to Statista, the average cost of a data breach in the U.S. grew to $9.4 million in 2022, up from $9 million in the previous year.