A report titled ‘Adopting HR Technologies – An Organisational Imperative’ – which features new research commissioned by HR Technologies UK – explores four major topics within the industry: existing HR budgets, use of technology within the space, implementing AI solutions, and providing a return on investment with HR technologies.

The report reveals that 80.4 per cent of respondents expressed a likelihood of adopting AI specifically for talent acquisition processes, showcasing a significant shift in attitudes toward AI within the industry. The findings also highlight key areas where AI can bring substantial benefits, including onboarding and training (25.8 per cent), performance management (24.5 per cent), and chatbots and virtual assistants (22.3 per cent). The research also highlights the average spend of businesses on HR technologies (£340,257) and suggests that investment in the space can help to address top challenges, such as employee retention, ensuring staff wellbeing, and managing hybrid working.

Aiming to serve as a roadmap for HR leaders, the new research offers invaluable insights into navigating the complex terrain of technology investment and cultivating a resilient and agile workforce in uncertain economic times. Based on a recent survey of over 1,000 UK HR professionals, which unveiled how businesses will leverage AI to attract talent and use technology to support wellness and DEI in the workplace, the new report delves into the heart of this transformation, presenting a comprehensive view of the current state of technology adoption within the industry.

The report is divided into four key sections, providing an in-depth analysis, with data to support, of the existing HR landscape:

• Reviewing the Existing HR Budget: looking at organisational and HR department spending; how business leaders view and fund the HR department, and how HR leaders prioritise spending within their teams.
• Exploring Technology in the HR Department: exploring recruitment, building an ecosystem to engage employees, rolling performance management, nurturing a workforce through employee wellbeing, and future-facing HR.
• Implementing AI Solutions: shaping the trajectory of AI adoption, and the uncertainty surrounding where and how to implement AI while ensuring the wellbeing of employees remains a central priority.
• Providing a Return on Investment: unlocking new efficiencies in recruitment, retaining the top talent and upleveling training and upskilling.

Featuring insights from industry-renowned professionals, including thoughts from Richard Doherty, Senior Director Product Marketing EMEA at Workday, and Pete Cooper, Director of People Partners & DEI at Personio, these thought leaders will also be exhibiting at HR Technologies UK, which returns to the ExCeL, London, on April 17-18, 2024. Attendees will have the opportunity to engage directly with the experts shaping the future of HR technology.

Commenting on the new report, Nicki Morris, Group Event Director at CloserStill, said: “As we witness the transformative potential of AI amongst other technologies in the HR function, the report – ‘Adopting HR Technologies – An Organisational Imperative’ provides a unique guide for the industry to collectively navigate this evolution. As we gear up for HR Technologies UK in April, our report sets the tone for the crucial conversations taking place, shaping the future of HR and organisations of all sizes.”

HR Technologies UK will be co-located with Learning Technologies, an established event held by CloserStill Media. In 2023, it welcomed over 10,000 visitors, 200 international exhibitors and 200 speakers. The events are interlinked, with visitors at HR Technologies UK gaining direct access to Learning Technologies, and vice versa.

Download the report, Adopting HR Technologies – An Organisational Imperative, here.