What Is Human Resource Technology?

A graduate in economics from Rutgers University, Steven Darien is the CEO and chairman of Cabot Advisory Group. With excellent communication skills and a deep knowledge of human resources, Steven Darien has provided many organizations with strategic human resource management advice on various critical issues, including board relationships, succession planning, employee communications, organizational design, and human resource technology.

A bucket term for software and associated hardware for automating the function of human resources within organizations, human resource technology has rapidly developed in recent years. Drifting from their on-premises systems to advanced cloud platforms, many employers are moving into the second generation of human resource management. Human resource technologies covers talent acquisition and management, performance management, workforce analytics, benefits administration, and employee payroll and compensation.

While numerous small and medium-sized businesses are reluctant to put money into human resources technology because they believe it is expensive, it can be advantageous to businesses if they choose the best solutions that match their specific needs. An example of a human resource management tool is talent management software (TMS), a tool that contains all the integrated human resource systems, talent management suites, and other all-in-one human resource tools that attempt to multitask including training, scheduling, benefits, payroll, and recruiting, among others. As it enables the automation of every process that lies within the talent management realm, talent management software can help smooth the flow of information across all the above-mentioned processes.