BusinessPostCorner.com
No Result
View All Result
Thursday, May 15, 2025
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources
BusinessPostCorner.com
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources
No Result
View All Result
BusinessPostCorner.com
No Result
View All Result

HR Tech and ‘HRE’ announce the Top HR Tech Products of 2023

August 29, 2023
in Human Resources
Reading Time: 4 mins read
A A
0
HR Tech and ‘HRE’ announce the Top HR Tech Products of 2023
ShareShareShareShareShare

If you had asked HR teams their tech priorities at this time last year, it would have been unlikely for any of them to name generative AI as a significant part of their plans. However, when 1 million users adopted ChatGPT just five days after its Nov. 30, 2022, launch—the fastest-growing consumer application in history—leaders began to pay attention.

Although artificial intelligence has been inherent in the technology relied upon by the HR industry for years, generative AI took center stage in 2023. As vendors realized that more people were willing to embrace these content creation tools, HR use cases rapidly developed. The significance of generative AI is one of the trends driving innovation in the human resources field, and it proved to be a crucial element in this year’s Top HR Technology Products of the Year contest, which recognizes advancements and ingenuity most poised to serve HR leaders.

AI is the next productivity frontier

McKinsey refers to generative AI as “the next productivity frontier” and predicts that it could add trillions of dollars to the global economy. The significance of AI use we observed in the Top HR Tech Products entries mirrors the dramatic impact the tech is having on our industry.

HR Tech Conference Chair Steve Boese

Steve Boese, program chair of the HR Technology Conference, co-founder of H3 HR Advisors and seasoned competition judge was at first a bit surprised by the prevalence of products influenced by generative AI and ChatGPT. “It became obvious from reading the first dozen or so submissions that we would see plenty of generative AI technology solutions,” he says.

These tools were introduced to the market at record speed, just months after the public tried ChatGPT and similar applications for the first time. “I’m normally somewhat skeptical about the latest trend or hyped technology,” says Boese. “But unless something significant changes, generative AI is going to be as important to HR technology as the shift from on-premises technology to cloud computing was a few years ago.”

Tackling HR’s current and future challenges

Aside from the obvious impact of generative AI, Boese notes that tools focused on talent management capabilities were more common among the 2023 Top Products submissions than in previous years. Some of this was an extension of the push to incorporate generative AI, but there was also a larger trend: a growing focus on employee skills. “The discussions about skills have driven more development and innovation in many core areas of talent management, such as learning, succession planning, career pathing and more,” Boese explains.

With thousands of HR technology solutions available, the judging team did notice one area where more tech emphasis could be placed: shift-based, hourly and frontline employees. Around 70% of the U.S. workforce is employed in frontline jobs, according to analysis from McKinsey, and there is room for more tools that are relevant and accessible to these populations, says Boese.

“We observed many demonstrations of solutions designed to meet the needs of information or technology companies primarily, and sometimes it seems that a large portion of the workforce is being slightly underserved by our HR technology providers,” Boese notes.

However, innovation abounded among the more than 100 brands represented in the Top Products submissions, a distinctive few of which were chosen to present to the selection team, which includes Human Resource Executive editors, as well as Boese and members of his H3 HR Advisors team. Ultimately, 13 products earned the title of winner. It’s fair to say that the competition this year was intense, Boese says—and competition traditionally leads to the development of more and better solutions as vendors strive to meet and surpass market demands to address customer pain points. The judging panel’s impression is that, in 2023 and beyond, HR leaders will have even more complex decisions to make when selecting technology that suits their needs.

This is an exceptional period in the history of HR technology. Tight labor markets, talent challenges and the emergence of powerful new AI technologies are converging to foster increased investment and innovation. “The challenge, of course, is that HR leaders now have more options and solutions to evaluate,” Boese notes. “Identifying the ‘best’ solutions for their unique needs will be one of the top priorities for HR in 2024.”

Here are the 2023 winners

  • Analytics
  • Core HR
  • Employee Experience
  • Learning
  • Talent Acquisition
  • Talent Management
  • Workforce Management

The HR Tech Top Products of the Year Awards Ceremony will take place Oct. 10 in Las Vegas at the HR Tech Conference. Get your tickets here. 


Credit: Source link

ShareTweetSendPinShare
Previous Post

2023 Top HR Tech Products of the Year: Confirm

Next Post

Top HR Tech Products: Rippling Global Workforce Management

Next Post
Top HR Tech Products: Rippling Global Workforce Management

Top HR Tech Products: Rippling Global Workforce Management

LVMH’s U.S. CEO is glad ‘pretty annoying’ quiet luxury trend has died

LVMH’s U.S. CEO is glad ‘pretty annoying’ quiet luxury trend has died

May 8, 2025
iPhone maker Foxconn announces plan to build Mitsubishi Motor EVs

iPhone maker Foxconn announces plan to build Mitsubishi Motor EVs

May 8, 2025
Is South Korea’s Digital Asset Committee About to Redefine Crypto Regulation?

Is South Korea’s Digital Asset Committee About to Redefine Crypto Regulation?

May 13, 2025
Surge in Chinese listings drives boom for US small-cap IPO market

Surge in Chinese listings drives boom for US small-cap IPO market

May 13, 2025
Trump set to accept luxury jet as gift from Qatar, ABC says

Trump set to accept luxury jet as gift from Qatar, ABC says

May 11, 2025
British government under fire from hundreds of artists including Dua Lipa and Paul McCartney over AI copyright exception

British government under fire from hundreds of artists including Dua Lipa and Paul McCartney over AI copyright exception

May 13, 2025
BusinessPostCorner.com

BusinessPostCorner.com is an online news portal that aims to share the latest news about following topics: Accounting, Tax, Business, Finance, Crypto, Management, Human resources and Marketing. Feel free to get in touch with us!

Recent News

UK to allow foreign states 15% stake in newspapers

UK to allow foreign states 15% stake in newspapers

May 15, 2025
Airbnb’s new app for ‘services’ is getting shot down by critics — here’s why CEO Brian Chesky should be thrilled

Airbnb’s new app for ‘services’ is getting shot down by critics — here’s why CEO Brian Chesky should be thrilled

May 15, 2025

Our Newsletter!

Loading
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • DMCA

© 2023 businesspostcorner.com - All Rights Reserved!

No Result
View All Result
  • Home
  • Business
  • Finance
  • Accounting
  • Tax
  • Management
  • Marketing
  • Crypto News
  • Human Resources

© 2023 businesspostcorner.com - All Rights Reserved!