Spending and automation are expected to increase

Background image with financial charts and graphs on media backdropThree-quarters of HR executives and managers in the U.S., U.K. and Germany say the tech solutions they currently use haven’t provided optimal results — threatening their company’s ability to attract and retain talented employees, according to a recently released report.

Eighty-seven percent feel, however, that a digital transformation in HR is occurring.

Today, 23 percent of HR departments still use manual, Excel- or paper-based systems as their primary method for handling recruiting tasks. Thirty-one percent control career management services with a manual HR process.

Within the next two years, though, approximately 78 percent of HR departments expect to use machine learning in at least one HR process.

Fifty-seven percent of HR executives and managers say they plan to increase their IT budgets by as much as 10 percent over the next two years; a quarter plan to increase their budget by a larger amount.

For more on HR departments’ thoughts about current and future tech solutions, view this information about the survey, conducted by Bain & Company.

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