Published on 18 May 2022
If your company hesitated with implementing HR technology in the past, it has now become imperative to get on board with going digital in human resources. Not only does going digital allow you to manage your HR more efficiently, it also enables you to gain access to data like never before and leverage on various engagement, learning and development tools for an enhanced employee experience.
What is HR Technology?
HR technology are digital solutions in the form of software, platforms, tools and/or cloud-based Saas products that automate your HR operations. Digital HR solutions can range from payroll, benefits, recruitment, productivity management and even employee engagement. The benefits of embracing HR technology includes analytics tools that allows for more informed HR strategic decisions, as well as saving on time and various costs.
Top 5 HR Technology Trends
Hybrid work is here to stay
Many organisations have embraced a fully hybrid workforce, or else are more prepared to switch to remote work if required by law. In fact, a hybrid workforce may be a key retention study, as according to a study by global recruitment firm Robert Half about 1 in 3 professionals currently working from home would seek new employment opportunities if they are required to return to the office full time.
Digital HR platforms have been key in keeping workforces connected and have evolved to the growing demands of organisations to include innovations such as remote workforce monitoring and talent management that accounts for new ways of working. HR leaders may also favour solutions that enable them to manage a global workforce.
Inclusivity in hiring
Hybrid work has an additional added benefit: physical location/country borders are no longer limitations in the hiring process, meaning that companies can access an even larger talent pool. As the recruitment process becomes more globalised, it is even more imperative for HR leaders to practice diversity, equality and inclusion in recruitment. This can be made easier through automations in recruitment technology which potentially eliminates bias in the hiring process, providing equal opportunity for all applicants.
Transparency and accountability
A centralised, common communication tool, especially with a hybrid workforce, allows companies to maintain transparency and better employee interaction. Talent management modules on the other hand further enhances transparency and accountability, from 360-degree feedback to individual performance evaluations. HR leaders can publish career ladders, learning and development and various talent management programmes so that employees remain clear on progression and development, which then improves motivation and engagement.
Employee well-being and engagement at the forefront
There is no question that employee well-being as well as engagement is at the top of any HR leader’s agenda. HR technology that can support well-being initiatives, remote worker management, and even team building is becoming sought after features besides the typical time and attendance and leave modules. HR platforms can even be integrated with employee engagement surveys to improve visibility for HR and company managers.
Artificial intelligence and machine learning
Embracing HR technology has one bonus that cannot be ignored – data. This vast amount of employee data can be analysed and the findings applied in many different areas of HR, from recruitment to development and even in payroll. Of course, this means that data security will become an increasingly major focus and companies start leveraging on blockchain for higher levels of security, standardisation and trust.
Innovation to meet the changing needs in HR is key, with the added complication of needing to strike the delicate balance between automation and the human touch, global and local employee needs. HR deals with people, after all, the most important asset of any company looking for longevity and growth. This nuance should be at the heart of HR technology development, in order to derive the most value for not only HR leaders, but for the employees who will be the end-user and ultimate beneficiary.
If you’d like to learn more about HR technology solutions that cater to your precise needs as a global leader, contact us today!