The HR technology landscape has exploded with options, making it both exciting and overwhelming for growing businesses to choose the right solutions. This guide will help you build a technology stack that supports your people strategy without breaking the bank.
Understanding the HR Tech Ecosystem
HR technology generally falls into several categories: Core HR/HRIS, Talent Acquisition, Performance Management, Learning & Development, Compensation & Benefits, and Employee Engagement. Understanding these categories is the first step to building your stack.
Core Components Every SMB Needs
Human Resource Information System (HRIS)
Your HRIS is the foundation of your HR tech stack. It should handle employee data management, time and attendance, benefits administration, and compliance. Look for solutions like Gusto, Rippling, or Zenefits that are designed for growing businesses.
Applicant Tracking System (ATS)
Even if you're not hiring at high volume, an ATS streamlines your recruiting process and ensures consistent candidate experience. JazzHR and Workable offer excellent SMB-friendly options.
Performance Management
Move beyond annual reviews with tools that enable continuous feedback, goal tracking, and development conversations. Look for solutions that integrate with your HRIS.
Evaluating Solutions
When evaluating HR technology, consider:
- Scalability: Will it grow with you?
- Integration: Does it connect with your existing tools?
- User Experience: Will employees actually use it?
- Support: What level of customer service is included?
- Total Cost: Consider implementation, training, and ongoing fees
Implementation Best Practices
Successful HR technology implementation requires careful planning, stakeholder buy-in, and change management. Don't underestimate the time needed for data migration, training, and adoption.
How ImpactHXM Can Help
Our technology partners include industry-leading solutions like SAP, Rippling, Gusto, and more. We help SMBs select, implement, and optimize HR technology to maximize their investment and achieve their people strategy goals.
