Technological innovations like Automation transformed the routine jobs and increased dependency on digital platforms, impacting the current day workplace and workforce alike.
The Year 2019 recorded an increase in talent demand for jobs that saw rapid adoption of technology in their way of working, as Financial Planners, Data Scientists, Account Executives, Web Developers, and Digital Marketers.
As talent demand becomes more specific and niche, modern-day HR practices need to keep up with the evolving recruitment scenario.
Both startups and large enterprises adopted and embedded some degree of HR Technology into their business ecosystem. While large enterprises channeled more funds, startups were compelled to enhance their HR Tech acumen and match the relevant innovation for their respective businesses.
This move is expected to further bolster the HR-Employee relationship and enhancing productivity. Technologies like Artificial Intelligence and Machine Learning are driving the recruitment processes and will make a difference in the HR landscape.
The year 2020 will mark a technological proliferation of the HR industry. This enhanced affinity between HR and Technology will make some bold changes in the hiring practices; the most significant ones will be:
Enterprises are investing a fortune on data-driven decision making and the volume of available quantities is impossible to be processed manually. The solution will be channeled for processing candidate/employee data for recruitment and internal purposes.
Today AI Analytics is used more than ever as part of talent recruitment solutions. Also, it facilitates the centralization of data for multi-country enterprises that devote their time to exhaustive HR operations.
Experiential Learning Programs-
Upskilling and reskilling are imperative for change management in an enterprise. The human attributes of learning style preferences, motivations, and challenges are critical for skill development.
These attributes are analyzed by AI-assisted software to streamline the learning cycle through intelligent learner recommendations, coaching, mentoring, knowledge-sharing, crowd-sharing, etc.
The future will demand flexible learning options accessible to any employee at any place.
Establishing seamless communication is pertinent for any enterprise; this becomes more crucial for multi-national organizations operating in different time-zones.
Also, the current business ecosystem thrives on 24×7 environments facilitating business activity anywhere and everywhere. HR tools like chatbots, messenger and chat apps, mobile modules dedicated to supporting this reality will bolster the HR accessibility and organizational transparency.
As online-based HR tools and self-serving portals take the lead on HR management comes the growing concerns for data security.
Last year received the vast accumulation of data, this year enterprises will have to focus more on the security of this data and comply with the Data Security norms.
The rate of Adoption for certain technologies
The overall implementation of HR Tech will be more profound. Still, the current HR Tech providers are facing delays in the implementation of solutions creating a high demand low supply situation.
So, enterprises motivated to adopt HR Tools will be there, but the implementation of technology may take some time. Also, different industries will stick to specific services as the goal is to achieve HR specialization rather than bringing change through innovation.
Authored By- Sanjay Goyal, Bussiness Head, TimesJobs and TechGig.