2. ADP’s New Lyric HCM Platform: Flexibility Meets Intelligence

Another standout announcement was ADP’s rebranding of its next-gen HCM platform, now called Lyric HCM. This next-generation platform is designed with four key principles: flexibility, intelligence, personalization, and global capabilities.

Lyric HCM allows companies to design organizational structures, workflows, and reporting hierarchies to suit their unique needs, rather than forcing them to adapt to the limitations of their HCM system. This represents a major leap forward for enterprise HR systems, offering a level of customization and agility that older platforms simply can’t match.

For large enterprises still using outdated HCM systems, Lyric could be the solution they need to modernize and align their HR technology with the current and future demands of the workplace.

3. Cornerstone Galaxy: A Platform for Workforce Agility

Cornerstone Galaxy, another key announcement, aims to redefine how organizations approach workforce development and agility. As a leader in learning management and talent management solutions, Cornerstone is expanding its capabilities with Galaxy, an integrated platform that connects learning management, recruitment, performance management, and more.

At the heart of Galaxy is the Workforce Agility Engine, which leverages AI to assess over 45,000 skills and provide organizations with actionable insights to help develop employee skills, align talent strategies, and respond to changing business needs.

With the rising importance of skills-based approaches in talent management; Cornerstone Galaxy offers a comprehensive solution to meet the growing demand for workforce flexibility and continuous development.

4. Paychex Flex Perks: Enterprise-Grade Benefits for SMBs

Paychex introduced Paychex Flex Perks, a suite of voluntary benefits designed to help small and mid-sized businesses compete with larger organizations in the talent war. The platform offers benefits such as earned wage access, pet insurance, and financial wellness tools, which are often hard to source for smaller companies.

With Flex Perks, businesses of all sizes can offer enterprise-level benefits to attract and retain top talent. This solution is particularly valuable for small and mid-sized businesses that may lack the resources to negotiate individual agreements with benefits providers; but still want to offer a competitive benefits package.

By bringing enterprise-grade solutions to the SMB market, Paychex Flex Perks provides these businesses with a powerful tool to enhance their recruitment and retention strategies.

5. The Continued Innovation of HR Tech

While the products highlighted above are game-changers; HR Tech 2024 showcased countless other innovations designed to revolutionize every aspect of HR. From AI-driven recruitment tools to advanced analytics platforms; the future of HR technology is filled with opportunities to enhance efficiency; improve decision-making, and support employee development.

If you attended the event, you likely saw firsthand the excitement and possibilities these new products bring. As we head into 2025, HR leaders will need to consider how to incorporate these technologies; into their strategies to stay competitive in the ever-evolving world of work.