Tech has one of the highest employee turnover rates in any industry. This can be problematic for technology companies looking to create a strong company culture, one that retains talented IT employees.
A shifting legal landscape that is seeing more sanctions, fines and class actions lawsuits than ever before, has put the spotlight on employer compliance.
Fear of increased scrutiny of employer practises has sparked a rise in the use of a contingent workforce. Contractor agencies and technology are being utilised to ensure data management and on-boarding practises are aligned with changing legislation.
Sydney based tech â€œHumanforceâ€ has recently raised $22.5 million in a first round raise for a global expansion. â€œThe contingent workforce is a global revolution in the way we live and work. Todayâ€™s mobile worker presents multiple challenges for employers when it comes to tracking, planning and paymentâ€ founder Bruce Mackenzie told entrepreneur.com. He believes traditional technologies are not fit for purpose in this ever-changing landscape. They donâ€™t satisfy requirements of both employer and employee.
Emerging tech needs to satisfy both the employer, and the casual worker. â€œHumanforceâ€ has foreseen the need for tools to assist the growing casual workforce. These include apps that will show available shifts across various employers, travel time between jobs, and the net value of jobs after expenses such as transport costs.
Many employers are accepting the need to embrace flexibility and alternative work schedules. The emergence of the â€œgig-economyâ€ means organisations are having to replace traditional processes surrounding hiring, rostering and payroll. But, it is a landscape that is constantly iterating; the requirements for todayâ€™s workforce could look completely different long before we hit 2020.
User friendly and robust technology solutions are the key moving forward. Tech will need to allow workplaces to move with the times whilst remaining compliant in order avoiding potentially crippling fines, lawsuits and brand damage.