HR Technology Market 2019: Disruption Ahead – Josh Bersin

HR Tech 2019

Josh Bersin’s HR Technology Market 2019: Disruption Ahead report provides insights into the HR Tech marketplace and some indications about where the market, its providers and products are heading to. The purpose of the report is to assist buyers to make well-informed decisions and providers to make better development and change strategies.

Some main insights from the report include:

  • Overall, the key HR platform market will continue to expand in 2019, however, consumers will become more selective, as buying decisions will rely more on user-friendliness and efficiency.
  • There is a significant change in the talent management market where most of the key record-keeping for talent practices relocates to HCM systems as advanced innovative technologies continue to thrive in new products.
  • New talent applications emphasize on enhancing employee experience from top to bottom – assisting hiring, performance, goal setting, learning, succession planning, career development, wellbeing, employee benefits and eventually work itself.
  • Organizations don’t just want to buy user-friendly platforms anymore. They want to purchase platforms that employee experiences can be automated and simplified, meaning that these platforms can manage cases, transactions and processes.
  • We will see more innovative sensing and feedback applications hit the market over the next 12 months, most of which will be built into performance management systems.
  • The ATS market remains extremely important as there is so much data, process and activity to handle. The major developments in the hiring industry are the result of the rapid growth of companies including Indeed, LinkedIn and other job board companies. Websites and applications for company reviews and networking are also important additions to the industry.
  • Provider management systems, contractual work systems, gig work sites, and crowd work platforms market will erupt.
  • Eventually, performance management software needs to concentrate on organisational performance, not just individual objectives. These systems will also need to incorporate career management, employee appreciation and other feedback applications.
  • Organizations will need to turn their L&D departments into an adaptive, design-thinking team given the availability of the “learning in the flow” technology.

Josh Bersin is a world-renowned researcher, educator and thought leader on the global talent market and the threats affecting workplaces around the world.

Full report here.