The advent of digitalization and smartphone usage has impacted every department in every company. This also includes human resources. Outsourcing work is becoming the norm instead of just being innovation and the role of an HR department changed accordingly. The 2019 HCM Trend report, developed by leading HR market analysts, states that global HR technology venture capital was increased to $3.1 billion this year, tripling the cash invested in 2017.
As new HR technology solutions emerge, there is a certain tech boom on the rise that is transforming the way we do the job and our opinions about HR. This impact is twofold. Firstly, it’s shifting the attention of HR managers from managing the workforce to driving profits for the business. And secondly, it offers various tools for better management and engagement of talents in the company.
Mobile Apps are coming
The real Internet revolution came with smartphones, not with desktop computers. And mobiles will probably dominate the HR landscape this year. As more workers across different departments seek access to applications via smartphones, businesses are reshaping their HR system to better accommodate this. For this type of functionally to work, companies must consider HR applications with the mobilization process and the interface the workers are searching for.
Additionally, we can see new trends appearing such as applications that streamline the basic work of HR departments. Nowadays smartphone apps are a must for every application a business develops.
Analytics are making performance management better
Performance management – one of the crucial HR functions. HR professionals have been for long driven this process by monitoring performance, regularly reviewing employees and collecting supervisory feedback. Now, technology enables a streamlined process that eliminates unwanted steps. But the next big boom is coming with a data-driven performance management process.
We will see a fast and widespread adoption of people analytics that will help the HR department with making decisions about the workforce. This raw data from analytics can be utilized to build actionable insights and to support the decision making about compensations, promotions, developments, success plans and to create agile cross-functional team staffs.
HR will able to apply analytics to sentiment data gathered from thousands of interactions between workers and managers as a part of the performance management process. By analyzing such sentiment data HR will be able to create ample opportunities for coaching and enable managers and workers to increase their performance.
Helps with organizing business events
Gone are the days of manually organizing business parties and events. Nowadays technology is starting to help with even mundane tasks such as organizing a business event. Numerous event ticketing platforms offer tools that simplify the running of events and community building.
These platforms make from your event a singular experience, guide you throughout the whole process, from checking in, to on-event activities, to post-event analysis. They ease the process of event organizing allowing you to do it faster and better so you can focus on the other aspects of your business.
Social media is changing the game
Social media is playing a more active role in HR nowadays, particularly when it comes to recruitment. A quarter of companies are utilizing social media platforms such as Facebook and LinkedIn for recruitment. These platforms can not only be used for recruitment, but also for worker engagement. They’re also being assessed as a fundamental source for businesses to reach their HR goals.
Companies can use social media platforms to reach a target audience for job postings or other company related information. Some enterprises are even known to share their company’s success story through posts, photos, and blog posts. Vice versa, job seekers actively research companies on these platforms while searching for work.
Social media enables numerous benefits for an HR department and lets them be in touch with emerging trends, news, and technologies. They can be used as a medium for relationship nurturing when you share industry knowledge on them. Aforementioned reasons have made from these channels an ideal place to engage employees, nurture relationships and increase communication in the workplace. Many businesses are thinking about the integration of these platforms with their applications, instead of developing their own enterprise apps.
New trends and technologies will play a vital role in reshaping human resources management software and operations from managing personnel to business execution, but they won’t start it. HR managers must be the ones to leverage and scale this technology in order to drive real values for the company.
Digital technologies will facilitate greater degree of flexibility and integration, hence allowing workers a bigger voice to share their work experience. They may also disrupt human resources and redefine their future development. The HR who accommodate to these changes more quickly will enable their companies to become smarter and bigger. Culture management and employee engagement will be the factors that will drive HR in this ever-changing landscape.