With its employment of a wide range of technologies including artificial intelligence (AI), big data and analytics, cloud computing, and social media, HR Technology brings advancements to previously tedious processes such as hiring and recruitment, talent management, payroll, legal and compliance, and employee mobility. When employed effectively, HR Tech delivers copious benefits ranging from optimised talent acquisition and employee performance to seamless technological integration in training and development programmes. Demand for digital recruitment has significantly benefited from Covid19 effects.
HR Tech is rapidly gaining a foothold in the Latin American market where companies are planning to increase investment in HR Tech by up to 45% in areas such as internal communications, training, and performance evaluation. There had been sustained growth in HR Tech investment in the region from 2015 to 2018, and 54% of companies planned to further boost investment in 2019.
The HR Tech landscape in Latin America thus promises to keep evolving and providing opportunities for companies to be a part of this digital transformation.
