- As HR technology gains popularity, many teams are using new tools to streamline hiring, benefits, and more.
- At least 87% of respondents surveyed in Deloitte's Global Human Capital Trend report said HR technology will play a greater role in sourcing and outreach to job seekers over the next three years.
- Workday, BambooHR, and UltiPro are among the leading apps for HR teams, according to Okta's latest Businesses at Work report.
Technology is changing how human resource departments track employee performance.
HR tech's global market size was $1.6 billion in 2019 and will reach $3.6 billion by 2024. What's more, at least 87% of business leaders say tech will play a greater role in sourcing and outreach over the next three years, according to a 2019 Deloitte Global Human Capital Trend report.
As HR teams become more technologically savvy, they are increasingly investing in new workplace tools to make their day-to-day lives easier. Some of the most popular workplace tools are Workday, BambooHR, and UltiPro, according to Okta's 2020 Business at Work report.
The report used data from thousands of Okta customers to select tools that had the most customers and active users, those who have logged onto the app via Okta, or have used it at least one time in last 30 days. A growing number of customers and users on these platforms suggests that technology is not just streamlining HR's hiring process, but making it easier to for HR teams to manage day-to-day tasks.
"Automating the low-value add or administrative functions, enables HR leaders to focus on strategic issues that will really move the needle for their organizations," Okta's Chief People Officer, Kristina Johnson, wrote in an email to Business Insider. "Candidates that are mired in cumbersome and lengthy interview processes often see that as a reflection of the companies digital journey and may self select out."
Here are 10 most popular apps HR teams are using.
10. Saba Software
Canada-based Saba Software is driving employee performance by building skills that prompt growth. Since the brand's founding in the 1990s, it has gained 4,000 customers and has a following of 33 million users.
9. 15Five
This app uses positive psychological techniques to manage employees. 15Five's software fosters a loop of continuous employee feedback. The company has managed to hook popular brands like Spotify and Credit Karma.
8. iCIMS
iCIMs is a recruiting software that helps employees select the best candidates for positions. The platform is useful for growing businesses that want to hire fast and onboard employees. Since 2000, iCIMs has attracted more than 4,000 customers. The tool is used at 7-Eleven, Foot Locker, and Canon.
7. Reflektive
Reflektive is a tool that helps keep managers and employees on the right track. Additionally, the tool offers real-time feedback, reviews, check ins, and goal management. The app also uses "people intelligence" to document staff insights and trends. With more than 500 customers, CEO Rajeev Behera has created a product that retains top talent and offers tailored feedback.
6. Culture Amp
This app is using a turnover prediction tool to forecast who is ready to quit. The data can help HR teams better understand why an employee is leaving and what to do to prevent turnover.
Culture Amp's survey and analytic platform has about 2,500 customers on its platform, Techcrunch reported. Brands like eyewear company Warby Parker use the software.
5. Namely
Namely offers a wide range of human resource services for mid-sized companies. The New York-based company doesn't just handle employee complaints, it uses data to track employee engagement. The company has 1,400 clients and more than 250,000 users.
4.SAP SuccessFactors
SAP Success Factors is focused on helping employees meet their goals. SAP, which is based in California, began in 2001 and soon after expanded into the HR business. Success Factors recruits for major firms in the financial, retail, space, and defense industries. In 2019, the company had 3,000 client accounts, according to a press release on the site.
3. UltiPro
UltiPro is ranked as the third most popular app. The app's number of active users has grown by 226% over a three year period.
Starting in the 1990s, its parent company, Ultimate Software, rolled out UltiPro through servicing HR and payroll firms. The brand remains a go-to for automating mundane tasks and improving employee experience.
2. BambooHR
BambooHR is the second most used app. In 2008, CEOs Ben Peterson and Ryan Sanders created a software to rid managers of busy work and help them focus on the much larger picture.
Over the last three years, the app's customer base has ballooned by 286%, Okta's report showed. With a surge in popularity, the app has found itself in the hands of brands like Vimeo and Soundcloud.
1. Workday
Workday is the leading HR app in the US, according to Okta's latest report. Starting in 2005, Workday began as a startup selling cloud-based applications for finance and HR firms. The system delivers planning, payroll, analytics, and predicts workforce trends. Since then, the company has amassed more than 3,000 customers and about 42 million users, said Workday's CEO Aneel Bhusri.
Visit dearJulius.com to get free premium content for all of your lifestyle needs.
COMMENTS