HR Management is a technology-based profession today!
Technology is being imbibed by professionals from every field and human resource (HR) professionals are not left behind. The technology is helping HR professionals with the right tools to reduce their time spent on administrative tasks. It is digitizing the HR processes and promoting a shift in their work culture. As a result, human resources are using their time in other business tasks and transforming the way the organization works.
The HRs today are engaged in smarter recruitment, employee engagement, e-performance management, people analytics, business intelligence, migration of core HR systems to the cloud, and so forth.
According to Forbes.com, the global human resource management sector is projected to reach USD 30 billion by 2025.
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This infographic highlights how tech is transforming HR practices.
According to Dave Ulrich, Professor of The University of Michigan, “HR professionals often see their largest job challenges as sourcing talent, improving performance management, defining compensation, and providing training programs and other HR systems.”
The technology meets these challenges on a faster note. As a result, hr transformation is aggressive.
Further, the infographic also states the present status of how HRs are using technology benefits for their recruitment processes.
43% of HR professionals are seeking culture change solutions. As a witness to it, implementing recruiting technologies is the priority for more than 42% of HR executives. Artificial Intelligence (AI) is on the main horizon and 53% are investing in Artificial Intelligence for smart recruitment.
Some of the implications of HR technology in HR processes are mentioned below.
- Smarter recruitment through AI
- Efficient and sophisticated compliance
- Improved performance management through analytics
- Better analytics for boosting diversity and inclusion
Moving forward, let us understand how HR tech space is in its full action.
‘Show Me’ Approach to AI
Managers can access employee data per authorization. E.g., Employee’s job history, team information or performance rating.
A Complete Overhaul in Employee Engagement
Conversational AI helps HR to update personal info on behalf of employees. The manager can access the report and perform business transactions.
Rise of ‘Nudge-Based’ Technologies
HRs today are interested in behavioural economics or nudges to bring change, help inclusion and diversity programs.
The Importance of HRIT Role
The hr functions are improvised further by using IT applications like databases, hosting on servers, interfaces, exchange protocols, and so forth.
Migrating Core HR Systems to the Cloud
Data can be stored in the cloud in such a way that it is accessible to top management and authorized representatives.
Renewed Interests in ‘Point’ Solutions
Point solutions help HR professionals to concentrate on particular aspects like performance management, talent assessment, acquisition, or rewards and recognition.
Push Recommendations from AI
AI programs bring ground-breaking changes in HR systems by pushing specific data to the targeted employees as required like feedback, updates, next steps, etc.
Convergence in Learning, Performance and Career Planning
HRs are keen on succession planning and career profiles based on market research and career profiles. The expectations are modified through learning experiences.