Implementing new digital HR technology to attract and retain top talent is increasingly a top priority for many companies. But when the average HR department has more than nine systems of record that are not fully integrated, the quality of user experience suffers.
The HR tech market is projected to reach $30B by 2025. In addition to leading vendors like Workday, Oracle PeopleSoft, ServiceNow, and Coupa, there is a rapid increase in the number of vendors that specialize in HR automation, recruiting, payroll, benefits, people analytics, and more.
Employee engagement has a significant impact on a company’s performance. MIT research shows that companies with top-quartile employee experience achieve twice the innovation, double customer satisfaction ratings, and 25% higher profits than organizations with bottom-quartile employee experience.
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