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By Patrick Thibodeau,
Senior News Writer Published: 09 Nov 2021
It's a buyer's market for HR technology, Gartner analysts said during the first day of its annual HR conference. Another message from analysts: Facial
analysis might play a role in helping employers develop a fairer workplace.
In advance of the conference, Gartner surveyed 3,500 HR managers and employees in the third quarter of
But the significant events of someone's employment, including hiring, pay and promotion, affect only about
25% of an employee's perception of fairness in the workplace. Lesser things, such as when a manager
recognizes "the person who spoke the most, but not necessarily the person who did the most," have
greater influence, said Brian Kropp, chief of research in the Gartner HR practice, during the opening
keynote.
With advances in HR technology, those smaller moments could play a bigger role for HR departments. Some firms have begun to use video to track
employee facial expressions to see if they're tired and then suggest a break. But the technology has the potential to do more, Kropp said.
"If, when you speak, others nod, it could indicate that you're making a bigger contribution," he said. "If others look away when you speak, it might indicate
that you're not making a contribution. Your performance potentially can be determined entirely by the facial reactions of everyone else on that call."
That type of video analysis is in the future. The more immediate HR trend is the power buyers have over HCM vendors.
TECHTARGET
k SAP, Workday, UKG and Oracle led the HCM technology space by market share in
In the past five years, the big HR vendors' overall market share has been in the 60% to 62% range, "so I would call this share trend quite static," Kostoulas
said.
The HCM market has seen increasing consolidation, a consequence of slower growth in HR spending due to COVID-19, but the market is rebounding, he
said.
"Despite the consolidation, the HCM software market is still a buyer's market," Kostoulas said. "There is still ample
room for pricing negotiations, especially among the largest vendors." There is still ample
room for pricing
negotiations, especially
The HR trends Kostoulas outlined were mostly around improving employee experience, the ability for businesses to
among the largest
understand employee needs and improving the efficiency of HR processes. vendors.
"Demand for technology will focus on sustaining and scaling key processes like internal recruiting, onboarding,
z
hybrid learning or virtual teamwork," he said.
John Kostoulas
Analyst, Gartner
HR technologies capable of delivering the most business impact include "voice of employee" technologies that
collect and analyze employee opinions and perceptions and provide insights and recommendations to HR.
"HR leaders are looking into AI to reduce the cost of HR operations while improving the effectiveness of key processes," Kostoulas said. But he advised
users to pay attention to the transparency and explainability of AI systems to guard against bias.
Some other technologies gaining ground include internal talent marketplaces, continuous recognition and reward programs, and flexible earned wages
accessibility, which enable employees to collect their pay as they make it, as often as daily.
Patrick Thibodeau covers HCM and ERP technologies for TechTarget. He's worked for more than two decades as an enterprise IT reporter.
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