Human resources will always be centered around people—acquiring the right candidates for a project, mentoring and motivating them to do their best in their roles, and assisting team members in building material relationships.
However, technology advancements have dramatically shifted the way HR teams run their operations. With increasing business competition, HR teams need to be on the lookout for the latest trends and ready to adopt them fast to remain on top of their game.
Here are the top HR technology trends.
1. Migration of HR tools to the cloud
The disconnect between the different segments of HR management is a challenge for many organizations nowadays. HR professionals have to depend on several solutions to automate performance evaluation, payroll, hiring, and onboarding.
Moving HR tools to the cloud enhances the accessibility of HR technology, and any member of an HR team can access the workplace data anytime.
Cloud-based talent management solutions have many impressive benefits:
- It minimizes the risk of human error when inputting data
- Saves time and money
- Promotes interdependence and cooperation within an HR team
- Flexible and easier to update
2. Mentoring software
Running a mentoring program manually can be cumbersome. It comes with several challenges, such as managing communication, matching bias, and tracking progress and success.
However, mentoring software eliminates such challenges. It allows mentors and mentees to interact easily through the platform. Utilizes data to suggest smart matches and track goals and other Key Performance Indicators (KPIs).
With increasing emphasis on organizations investing in their people, mentoring software is becoming popular. Mentoring new and high-potential employees is an effective way for organizations to ensure they have a healthy talent pipeline with the right capabilities, skills, and leadership aptitude.
3. Blockchain integration
As organizations continue to embrace digital transformation, business managers are facing new challenges such as access management and data security. In order to deal with the challenges that come with digital transformation, HR teams are turning to blockchain solutions to enhance workplace transparency and data security.
The integration of blockchain can help HR managers enhance trust in the workplace. For instance, due to their key-based access, blockchain ledgers are tamper-proof. They enable companies to ensure that only trusted persons can access data. This technology helps to keep potential attackers and fakes at bay.
4. People analytics tools
Employee productivity and retention can be greatly affected by the discrepancy between the team’s goal and those of the organization. Organizations unknowingly fail to grow and develop talent or target the wrong areas.
People analytics tools have been the missing links between employees and business managers. These tools use artificial intelligence and data science to collect and process employee data. When they have it, they can distinguish patterns from it.
HR teams can use people analytics tools in the following ways:
- Training: analytics tools can be used to discover an employee’s ambitions and preferred style of learning.
- Engagement: analytics tools can be used to map out employee engagement levels and determine the factors that lead to the fluctuations
- Employability: HR professionals can use people analytics tools to come up with ways to use the organization’s internal workforce to eliminate the need to hire new employees.
Endnote
The future of human resource management is technology. More and more organizations are moving to all-in-one talent management tools and platforms. To remain competitive, organizations must integrate human resource management tools into their business’s workflow.