HR TECH: MARKET TRENDS...The largest mid-market HR Technology consulting firm in the U.S. We are...

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Confidential & Proprietary Information – Not for Distribution © 2019 Benefit Technology Resources HR TECH: MARKET TRENDS April 16th, 2019 / By Amy Wilson & Kim Seely

Transcript of HR TECH: MARKET TRENDS...The largest mid-market HR Technology consulting firm in the U.S. We are...

Page 1: HR TECH: MARKET TRENDS...The largest mid-market HR Technology consulting firm in the U.S. We are independent. Who We Are. ANALYTICS. ... strategic business partner. (Sierra Cedar pg

Confidential & Proprietary Information – Not for Distribution © 2019 Benefit Technology Resources

HR TECH: MARKET TRENDS

April 16th, 2019 / By Amy Wilson & Kim Seely

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Your Presenters

Amy WilsonHR Technology Consultant

Kim SeelyManaging Director, Employee Benefits

Benefit Technology Resources ®

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AGENDA

01 Technology

Market Trends

02 Current Systems:

Gap Analysis

03Gap Analysis

Results

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We are subject matter experts in a wide array of HR technologies,including:

✓ Benefits Administration

✓ HRIS – Human Resource

Information Systems

✓ Payroll Administration

✓ Compliance Reporting (ACA)

✓ Time Keeping

✓ Performance Management

✓ Recruiting

✓ Talent Management

✓ And More

The largest mid-market HR Technology consulting firmin the U.S.

We are independent.

Who We Are

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ANALYTICS

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What Are Analytics?

Analytics data is actionable data that can help solve complex business problems allowing you to drive toward strategic

solutions.

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How Is Data Captured And Measured?

Benefits Administration

PayrollApplicant Tracking

HCM Technology

Workforce Optimization

Strategic Objectives

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Dashboards

Visual representation of data

Faster

Easier to read

Often have a customizable interface

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Employee Demographics

Employee Trends

Turnover Rates

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ARTIFICIAL

INTELLIGENCE

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What Is AI and Why is it Valuable?

AI is a machine’s ability to perform almost human cognitive functions

Decision Making

Speech Recognition

Visual

AI is Available 24 Hours a

Day

Productivity Empowerment

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Decision support

Next level of Employee Self-Service

Chat bots at call centers instead of humans

Free HR staff from many repetitive tasks

AI in HR

If you do need to look for a new

provider, we will manage the RFP

Process:

o We will draft and oversee the RFP selection process for a new provider

o Assist with selecting the right HR technology to fit your organization’s needs and objectives

o Oversee the implementation and ongoing support of any technology solution selected

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EMPLOYEE ENGAGEMENT

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Employee Engagement

Those organizations with ‘no plans’ to enable Mobile are twice as likely to have responded that their HR function has no credibility within the organization, while organizations with Mobile-enabled HR are three times more likely to be viewed as a strategic business partner.” (Sierra Cedar pg 94.)

o Pre-boarding

o Retention

o Social components

o Mobile

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o Business Intelligence and Analytics

o Employee Engagement

o Succession Planning

o Decision Support

o Automated EOI Support

N E X T L E V E L

S T R AT EG I C H R

o Benefits Administration

o Talent Acquisition/Applicant Tracking

o Dashboards

o Leave Tracking

o Performance, Learning, Compensation Management

L AY E R E D P O I N T S O LU T I O N S

o Payroll

o HRIS

o Onboarding

o Time & Attendance

o Compliance reporting

o Reporting

o Accruals

C O R E H C M

Layering Technology

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HR Tech Trends:

A Look Ahead…

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• Technology that powers Bitcoin and other crypto-currencies

• Decentralized, public database or ledger

• Every transaction creates a timestamped “block”, that cannot be modified, within the chain

Blockchain

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Benefits Administration

Workforce Optimization

Performance Management

Standalone Point Solutions

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GAP

ANALYSIS

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Gap Analysis

Was the system fully implemented?

How is it working?

Is the system optimized?

Employee experience/company culture

Are you leveraging the system to the fullest extent you need?

Answer these questions, then engage your vendor partner

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Gap Analysis Results

Stay with current vendor? Look at new

vendors?

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Last Look

• There are a lot of tools available.

• Do you need them all?

• What makes sense for my organization?

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Coming Soon: The Partners Group Technology Offering

Developing the link between employee benefits and technology

We have invested in a benefits technology product that will be able to assist with:

• Benefit enrollment, both at renewal and ongoing

• ACA tracking• Onboarding• PTO tracking, and more!

Beta testing with select groups in 2019

Launching our product in Jan 2020!

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Questions & Answers

Psst… If you attended the full webinar you will receive an email with your HR credit!

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Confidential & Propriety Information – Not for Distribution © 2018 Benefit Technology Resources™

Amy Wilson

HR Technology Consultant

Kim Seely

Managing Director, Employee Benefits

Benefit Technology Resources ®

THANK YOU

Bentechre.com | 877.299.8155 | [email protected]

thepartnersgroup.com | 800.722.6339 | [email protected]