As investments in HR and employee experience increase, much has been said about the technology that enables these areas of focus.
A particularly hot topic during staff shortages, amidst the “Great Resignation“, has been talent acquisition and the technology that can better existing processes.
Many employees have found that their current roles don’t give them the benefits and flexibility they desire and have left roles. This has led to a major reassessment of how employers can attract talent.
Fortunately, the podcast Recurring Future with Matt Alder will be illuminating this growing topic.
Matt is joined by a special guest, and UNLEASH collaborator, George LaRocque and the pair discuss what technology can be leveraged by companies as they employ staff.
LaRocque’s work consists of him, in his own words, studying the market and working “with employers and vendors to help them understand each other.” On top of that, he does “research, and tracks “all of the investments coming in” and has “been in the market for about 30 years.”
Safe to say, LaRocque has plenty of interesting insight to give when it comes to company spending and the role of HR. Nonetheless, it seems that we are still in a new frontier when it comes to HR technology.
This is partly due to the pandemic and LaRocque says: “It has been, for many reasons, a crazy 18 to 20 months through this pandemic. That’s not just true for us, as human beings, struggling with the pandemic and what it’s done to work, but it’s been crazy from a venture capital, private equity, and merger and acquisition perspective as well.
“Going back to the beginning of the pandemic, we would have thought as I did, I expected there to be a slowdown, a tapping of the brakes given the economic impact that the pandemic was definitely going to have, and ultimately did, but just the opposite happened.”
This ongoing situation has led to a surprising economic situation that has seen an explosion of HR technology.
Speaking about the current climate LaRocque explains: “It’s been amazing to watch, not just a record year in 2020 at over 5 billion, but then in the first half of this year to then basically exceed that over 7 billion in WorkTech, HR Tech, investment globally, and to be racing toward a 10 billion or more for the balance of the year.
“It’s unheard of, we’ve never seen anything like this. There were a lot of factors contributing to that, but at a high level, it’s just been jaw-dropping to watch the number of emerging technology players emerge and the investor interest in this space.”
On the back of this point, the podcast includes plenty of product discussion and thoughts on how HR technology is developing.
Additionally, there are conversations about why topics have become more pronounced over the COVID-19 pandemic and the status of a merger market.
Not only that but there was plenty of advice on how to navigate this changing and exciting market.
Check out the podcast above.
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