05 Ways Changing Workplace Cultures will Define The Adoption of Technologies
Today’s changing global workplace trends and shift in global workplace cultures will inevitably lead to a change in the technology adoption patterns, especially the choice of technology and tools that HR teams will need.
Technological advances have in many ways impacted how global teams and employees work, communicate and collaborate.
But how will changing workplace culture redefine how companies choose their HR Tech stack, or overall tech stack?
Here are 05 ways.
The Rise of the Gig Economy will Define the Choice of Work Platforms
Consultants, remote workers, contractors, temporary staffers are just as crucial in driving overall business impact as full-time employees. In fact, a recent study shows how this gig economy culture generated $1.28 trillion of revenue for the U.S. economy last year.
The gig economy culture will not only impact overall HR processes, it will lead to a proliferation of gig work platforms to manage those hourly tasks while also helping companies quickly fill their short-term and seasonal roles. Organizations will also need new tools to support strategic gig worker needs and questions.
2 – Demand for Better Workplace Communication and Interaction
Long gone are the days where employees used just email or phone to communicate with each other. Messaging apps like Slack and use of email chat features ensure that employees don’t need to spend time on long tedious emails between their internal teams. The need for a more seamless and instant communication process aids in better team collaboration and bring more unity to goals.
The use of better collaboration tools will also drive the use of video to help employees connect with each other in a more impactful way.
The rise in live stream company meetings, adoption of video chat technologies especially for remote employees, and the rise in training videos are already commonplace.
This also leads to a better integration of an organization’s complete tech stack – not only do organizations now have ability to create powerful video content for external communications with customers, prospects, partners, they can use the same video tools to streamline internal communications and make employee engagement more effective and seamless.
3 – Millenials and Their Wants Will Drive The Need for Better Assessment Platforms and Employee Engagement Tools
If you had to choose between a bigger salary or a fulfilling career and workplace culture: what would you pick? Recent research commissioned by Capstrat found that 72% of millennial workers indicated that they were, in fact, willing to sacrifice a higher salary for a more personally and professionally fulfilling career.
Today’s millennials are known to have different goals, they are said to be more socially conscious even when it comes to seeking jobs. This is turn drives the need for organizations to focus on offerings perks that have a sense of purpose while also increasing the need to adopt better assessment platforms and employee engagement activities and technologies.
4 – Better Investment in Data Analytics, Training Tools and Employee Retention
Data analytics will redefine how HR teams recruit. It will also change workforce planning, employee reskilling and performance processes while also changing how employee retention activities are planned.
Advanced analytics will be more in use to help identify patterns on talent development and performance management that will be crucial for HR to take better decisions.
Organizations will also begin focusing on enhanced and regular employee development plans using data analytics to improve overall employee and business productivity, and reduce employee attrition rates. With this trend taking shape, more global organizations will understand the need to invest in their high potential talent once data analytics helps them identify who from the resource pool will show more promise in the future. With these signals, HR teams and organizations will need to invest in technologies that offer personalized development at scale, including personalized one-to-one coaching.
As per a Frost & Sullivan report on Global Mega Trends that will effect businesses in 2020, megatrends such as intelligent and influential technologies and economic developments are expected to greatly impact future jobs. They will push employees and companies to consequently change and update the skills needed for the redefined jobs.
5 – AI-enabled Mentoring
In 2020, HR departments across industries will continue to focus on Learning and Development (L&D) initiatives, backed by data-driven decision making. Enterprises will be working towards quantitatively ascertaining and proactively meeting the learning and mentoring needs of their workforce. Analytics and AI-enabled mentoring technologies will play a big role in achieving this in the future.
Mentoring programs will start being more contextual, targeted, secure, and private, while being available online, to cater to the mobile millennial workforce too.