SAN FRANCISCO, CA--(Marketwired - Dec 15, 2015) - Navera, Inc., a leading provider of cloud-based benefits engagement solutions, today announced its 2016 technology predictions for human resources (HR) technology. Based on market research and insight from customers and partners, Navera believes 2016 will be a year of "technology firsts" for HR.
The key factors behind the HR technology trends include the rise of the millennials in the workplace, shrinking labor pools, and the difficulty engaging and retaining employees. According to a CareerBuilder survey conducted earlier this year, a growing talent gap has top executives increasingly relying on HR leaders for innovative business strategies rooted in data. The same survey found that 60 percent of CEOs believe that their companies have not been able to reach their full potential because they cannot find enough qualified candidates.
"HR departments are quickly becoming more influential members of the executive team as companies struggle with engaging and retaining employees," said Steve L. Adams, president and CEO of Navera. "As a result, HR needs to be as digital and data savvy as other functions within their organization. The market is responding by delivering innovative technology solutions able to meet the needs of the modern-day HR executive."
Top HR Technology Predictions for 2016
1. Employees First: Many organizations are running on HR technologies implemented five to 10 years ago, with the focus on systems of record for company use. But today's competitive labor market means that employees are the most important consumers of HR technologies, and that means employees' needs will come first with the focus now on systems of engagement. Solutions that emphasize the needs of employees as much as the needs of the employer are already being introduced into market.
2. Millennial First: As baby-boomers retire, millennials will soon make up the majority of the workforce. Comprised of Americans aged between 18 and 34 in 2015, millennials already represent one-third of the current workforce. As a result, the needs of tech savvy millennials will need to be at the forefront of HR's agenda. Expect HR to demand technologies and services to help them better understand and meet the needs of this core talent pool.
3. Consumer Experience First: Driven by the need to attract and to retain talent, many of whom are millennials, HR will need to change the way they engage with current and prospective employees. Born and raised in the age of the Internet, millennials expect contemporary consumer experiences from technology. The result will be a growing number of HR technology solutions that present consumer-like experiences with immediate feedback mechanisms and quick and easy ways to get information or to complete simple transactions.
4. Mobile First: With the explosive growth of smartphone usage, the movement towards mobile (versus the desktop alone) is inevitable for HR technologies. According to a recent Bersin by Deloitte report, mobile is poised to become the primary HR technology platform of the future. With more than 2.1 billion smartphone users, mobile Internet growth of 69 percent in 2014, and 51 percent of Internet access being done via mobile phones, this trend is inevitable.
5. Real Time, Data-Driven Decision Making First: The previously mentioned CareerBuilder survey also found that an overwhelming 90 percent of CEOs say it's important that HR leaders be proficient in workforce analytics, with 35 percent saying it's "absolutely essential." Current methods such as annual HR surveys, direct feedback, or word of mouth will either be melded with or replaced by technology-enabled solutions that provide real-time insight into what employees want most.
About Navera
Backed by Emergence Capital Partners and Mohr Davidow Ventures, Navera is an award-winning provider of a cloud-based benefits engagement service that enables consumers to select the healthcare and voluntary benefits that most closely match their needs. Headquartered in San Francisco, Navera takes a portfolio approach to benefits enrollment and provides users with an engaging and personalized consumer experience that provides a better understanding of benefit options and how they work together to provide the most complete and cost-effective coverage. Consumers are able to make confident, well-informed decisions while enjoying an informative and entertaining enrollment process. To learn more about Navera, please visit www.navera.com.
Navera is a trademark of Navera, Inc. All other company and product names are trademarks or registered trademarks of their respective holders.
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