From communication to production automation and everything in between, technology has changed just about every aspect of the modern business world.

Its influence has also spread to the human resources (HR) sector, where compliance management software and other applications are streamlining many critical processes and paving the way for future innovation.

Over 40 per cent of enterprises are planning to replace their core HRMS.

Increasingly, more and more companies are realising that such technology has the potential to greatly improve their operations.

More than 40 per cent of enterprises are replacing or planning to replace their core human resource management systems (HRMS) in the near future, according to Bersin by Deloitte.

Which technology platforms will allow you to unlock better efficiency in your business?

We’ve rounded up five of our favourites to help make your decision a little easier:

1. Find candidates using social media

Will you find your next big hire on social media?

Social media isn’t HR-specific, but nevertheless it remains a potent tool for business leaders and HR professionals alike.

This is largely due to how many people actively use social media platforms to connect, share and discuss with others.

For example, more than 4 in 10 (41 per cent) of all Australian internet users are active on Facebook, according to figures collated by Statista.

How can you use this technology to your advantage?

Well, as Mashable explained, social media has proven itself to be an excellent recruiting tool.

It’s fast, cheap and allows organisations to communicate directly with prospective employees without the stuffy formalities often associated with traditional hiring channels.

2. Provide your employees with real-time feedback with ReviewSnap

The importance of feedback in any working environment cannot be understated.

Companies that are able to provide employees with constructive guidance in a timely manner are better able to identify and correct flaws and develop a more skilled and higher performing workforce.

However, sitting down with employees to discuss how they could improve their work is a time-consuming process, and is typically carried out at infrequent intervals.

Thankfully, tech-centric platforms such as ReviewSnap offer an easy solution.

The handy software enables managers to provide ongoing feedback and give employees crucial insight into their own performance.

It also allows staff to get a better understanding of how their work impacts the company, which in turn drives motivation and engagement.