In the last year, the advancements made in human resources technology completely changed the way industries across India worked. At present, businesses of all types and sizes are relying on technology to acquire accurate and reliable information and security. Moreover, the digital shift in human resources made a significant impact on the way HR departments function. Everything from recruitment to payroll is maintained and coordinated with HR software now.
For those of you who do not know, HR systems are automated software tools that are designed to automate and optimize time-consuming human resources operations. Due to this global pandemic, hundreds of companies in India have left outdated tools behind and shifted to such systems to solve their WFH challenges.
That said, it is important for every business out there to analyze the HR market and determine the current trends in the industry. Let’s dive into the blog and know what are the latest HR technology trends in 2021.
Artificial intelligence in Human Resources
It is no news that artificial intelligence is becoming an imperative part of most new-age HR technologies. That being said, take a look at some of the upcoming and vital techniques via which AI will impact human resources services in the coming times:
Augmented Analytics
Using AI processes to automate tedious tasks will save a large chunk of time for HR executives. They can use the saved time and energy to concentrate on other strategic planning and high-value operations. Besides, AI-powered and energized HR tools aid companies to access curated data and visualization, thereby making insight-driven, strategic thinking easier.
Augmented analytics automates insights by deploying machine-learning techniques and natural language processing tools, which promotes a user-friendly and self-service way of reviewing employee data and producing actionable insights.
Enhancing Employee Engagement
Using AI-driven processes in areas such as employee engagement and performance via employee engagement software will revolutionize these areas. Such systems improve the lives of employees to a greater extent.
The emphasis will be on supporting the psychological well-being of employees as well as creating an environment where each one of them can be his/her best selves through continuous performance monitoring.
AI-Based Hiring Process
Not many know that AI-based processes are combined with an expansion in cloud computing. This is acutely beneficial in locating the right candidates. AI in the hiring process can aid companies to explain candidates’ profiles to an unparalleled degree, pulling from numerous outlets, including their social media participation. This way HR teams establish an efficient recruitment process.
Cloud-Based Human Resources
Work From Home
Remote working is no longer a new concept. WFH has been accelerating over the past few years, more so due to coronavirus. Increasingly, individual firms will adapt to a remote-first model, while some will get their employees remote working opportunities.
HR tech 2021 needs to become cloud-based, and workforces and communication platforms are important to this change. Cloud-based HR software simplifies the employee management process and meets the needs of globally dispersed teams in a fast and scalable manner.
Secure Data
Here are the top two benefits of cloud-based human resource:
While it allows HRs to view and make real-time decisions on employee data, the cloud-based self-service tools also give employees more control. Therefore, it is much simpler for companies to measure productivity as well as engagement.
But, with a dispersed workforce, the security of company and client data becomes more troublesome. The only solution for this challenge is HR systems.
Continuous Learning
A company that trains its workforce for this transition can acquire loyalty from its employees. That is how the HR software can be utilized to personalize employee learning and development. Even though up-skilling is necessary for the present job position, it is also important to develop more transferable skills and competencies.
Implementing technology that aids in soft-skills training like collaboration, being a critical team member, or staff management –is vital in companies where technology can take over routine tasks.
So, these are some human resources market trends every company should watch out for in the year 2021.
