Business Chief US+CAN Magazine August 2020 | Page 46

HUMAN CAPITAL

Business Chief explores the HR technology trends of 2020 and the benefits they can provide an organisation looking to digitally transform its HR

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O ver the last five years , digital transformation has redefined the ways in which organisations operate and seen an increasing number of companies deploy digital solutions rapidly and at scale . As a result of this shift in mindset towards a digitally led culture , talent management and the need for new skills is changing how ‘ traditional ’ HR systems operate .

“ In a recent survey , two-thirds of business leaders told us that if their company does not digitalise more by 2020 , it will no longer be competitive . But in HR , digitalisation is changing everything , from core functions like the way we hire and develop talent , to introducing new burdens such as raising performance . We found that 88 % of chief HR officers say they need to invest in three or more technologies over the next two years . It ’ s a huge undertaking and it ’ s no
AUGUST 2020