The Herman Trend Alert
March 15, 2017
Automated HR Coming Soon Near You
A few years ago, an Oxford University study looked at the effects of automation on different occupations; human resources managers scored a relatively low percentage (0.55 percent probability) of being affected, while the probability for human resources assistants was found to be .9 of 1.0, in other words, very high. We are already seeing that shift happening with new recruiting software, called "Wendy and Wade".
Most employers now agree
Now, a couple of years later, a recent study conducted late last year reports the majority of employers (72 percent) polled say some roles in talent acquisition and human capital management will be completely automated within 10 years. Conducted by CareerBuilder, the new research focused on the HR functions of talent acquisition and talent management.
Rates of adoption vary
The rate at which the companies polled are adopting automation varies significantly. Although more companies are turning to technology to address time-consuming, labor-intensive human resource tasks that are susceptible to human error, the study demonstrated a substantial proportion of companies continue to rely on manual processes. One-third of employers (34 percent) don't use technology automation for recruiting candidates, 44 percent don't automate onboarding, and 60 percent don't automate human capital management activities for employees.
What is being automated?
The study showed that most of the automation is expected to be centered around messaging, benefits, and compensation (transactional issues), but there is the possibility of increasing efficiencies across a variety of basic functions. Among employers automating at least one part of their HR processes, 57 percent have automated employee messaging, 53 percent have automated the setup of employee benefits 47 percent have automated payroll setup, and 47 percent have automated background screening/drug testing.
Benefits of automation
Obviously, automation has saved these organizations time and money, while decreasing the number of errors and improving the employee and candidate experiences. In fact, 93 percent of the companies reported that automation saved time and increased efficiency, 71 percent of the companies polled reported an improved candidate experience, and almost as many (69 percent) reported reduced errors.
A lack of automation can have a negative impact as well
Not embracing the value of automation can leave a company at a distinct disadvantage. Some companies have reported longer processing times (61 percent) and higher levels of stress and frustration (50 percent).
Technology marches on
With all the upside financial advantages of embracing automation, it is easy to forecast an exponential increase in companies embracing these technologies to drive more profit. At some point, those companies and our society will need to address the huge human costs. The Millennium Project, under the leadership of Jerome Glenn, has been addressing these issues worldwide. To view their scenarios, visit http://www.millennium-project.org/millennium/AI-Work.html.
© Copyright 1998-
by The Herman Group, Inc. -- reproduction for publication is encouraged, with the following attribution: From "The Herman Trend Alert," by Joyce Gioia, Strategic Business Futurist. 336-210-3548 or http://www.hermangroup.com. To sign up, visit http://www.HermanTrendAlert.com. The Herman Trend Alert is a trademark of The Herman Group, Inc."
ARE YOU STRUGGLING TO FIND THE PEOPLE YOU NEED?
We can help you attract and retain the top talent you seek. It's all about creating an employee-centered culture. No matter how much employee turnover you have, we can help you reduce the bleeding and drive more profit. Call Joyce at 336.210.3548 for your no-obligation strategy session.
SPANISH TRANSLATION SERVICES AVAILABLE
Versatile translator provides services from English, French, or German into Spanish. Especially well-versed in medicine/pharma and automobile industries. Also editing and proofreading of all kinds of Spanish language documents. 5-year Bachelor Degree in Translation. Flexible rates, depending on number of words, degree of difficulty/technicality, and turnaround. For an instant quote email Mariana Campora Lesti at email@example.com or contact her on SKYPE at marianacampora.
REDUCING EMPLOYEES' FINANCIAL STRESS PAYS IN RETENTION AND PRODUCTIVITY
Why is financial wellness the most sought-after new employee benefit? Why? Because financial stress is pervasive and painful. Now, you can help your employees be healthier by reducing that financial stress. Award-winning Best Money Moves will help you increase retention and productivity and thus enjoy better health outcomes. Call 847-242-0550 for a free trial TODAY.
To read this Herman Trend Alert on the web: http://www.hermangroup.com/alert/archive_11-15-2017.html.
Herman Trend Alerts are produced by the Herman Group, strategic business futurists, Certified Management Consultants, authors, and professional speakers.
New subscribers are always welcome. There is no charge for this public service. The Herman Trend Alert is read by over 30,000 people in 90 countries, including other websites and printed periodicals. Do you enjoy receiving this weekly e-mail update? Contact us about our co-branded Herman Trend Alert service. Click here to sign up for the Herman Trend Alert.
Subscribe or Unsubscribe to weekly Herman Trend Alert
View this week's Herman Trend Alert
Archived Weekly Herman Trend Alerts