The world of work is constantly changing and so are the needs and priorities of the workforce. To satisfy the needs of the modern workforce HR leaders need to adopt new changes and become more tech-savvy. Technology, without any doubt, can be their go-to partner if they want to build a productive and collaborative workplace. The role of technology in empowering HR leaders was evident during the covid-19 outbreak.
The sudden change in the work approach has allowed HR technology to secure an indispensable place in HR’s life. From remote hiring to remote employee monitoring, HR technology is making workforce management extremely easy.
Today, not only startups but even large-size enterprises are making use of HR technology to thrive in the changing business environment. Here’s a glance at what lies ahead of us in terms of HR technology;
Automation might be the most common term you are using these days, but still, there are many businesses that are skeptical of its role in HR functions. According to a report by Forbes, 45% of companies are still in the early stages of basic automation.
Whatever the statistics state, HR leaders need to understand that using technology to digitize and automate redundant HR processes can improve their work efficiency. From hiring to onboarding to even offboarding, HR automation frees HR leaders to focus on more strategic tasks by eliminating manual work and reducing errors. In the coming years, we can see more businesses adopting automation and leveraging its benefits in fostering a workplace of enhanced productivity.
Artificial Intelligence in Recruitment
The use of artificial intelligence such as chatbots and virtual assistants has increased in both our personal and professional lives. Almost two-thirds (63%) of recruitment professionals say AI has transformed the way recruiting is done at their company, according to a Korn Ferry survey.
Recruiters can use AI to source and screen candidates, answer employee queries, and engage candidates in real-time, digitize interviews, etc. AI in recruitment is going to impact the future of recruitment in a way that will eventually improve your quality of hire, offer positive candidate experience, and improve the everyday working lives of recruiters.
Cybersecurity for HR
HR is a function that deals with a lot of personal information. Nobody likes his private information to be on billboards, that’s pretty much exaggerated, but the point is that keeping employee privacy intact should be the topmost priority for HR professionals.
Moreover, it’s not only about employee data but also about keeping the company data safe. According to research, overall business detections of malware increased 79% from 2017 owing to an increase in backdoors, miners, spyware, and information stealers. Since all the work has moved online, businesses become more susceptible to cyber-attacks. This is why HR personnel need to pay more attention to data protection and take cybersecurity initiatives.
Augmented Analytics in HR
Augmented analytics is another major HR technology trend that is going to be a driving force behind major workforce decisions. It has the potential to transform every facet of the enterprise. It helps organizations in making sound and informed decisions, reduces information load, and reduces data cluttering, and helps in automated insight generation.
These insights can be leveraged by businesses to optimize their productivity. From managing employee attrition to improving employee engagement, augmented analytics is helping organizations transform their HR practices.
Employees love autonomy and employee self-service portals empower them to enjoy that autonomy. With a self-service portal, employees can perform various tasks that were previously performed by HR managers. Some of the examples include applying for leaves, raising attendance regularization requests, downloading payslips, and uploading documents. All these tasks can be performed easily without any interference from HR leaders.
Besides employees, self-service platforms reduce the administrative burden of HR personnel and give them more time to focus on other activities. HR leaders need to focus on implementing self-service tools in their organizations if they want to attract top talent.
Apart from the above-mentioned trends, employee benefits are another important employee engagement drivers that are gaining a lot of attention these days. Employee benefits are treated as a means to end financial stress from employees’ lives. This is why organizations have started to look for organizations that offer financial services along with HR solutions.
There are many HR tech platforms such as Zimyo that are enabling organizations to offer lucrative benefits to their employees. Zimyo is bridging the gap between financial services and organizations, thus allowing them to offer the right benefits to their employees and that too without any hassles.
Apart from employee benefits, employee wellness, learning and development, and focus on a diverse workforce are going to have a major impact on both the workforce and workplaces. A new year is about to begin and now is the right time to reinvent your HR strategies and follow global HR tech trends for the future.