Technology is a key asset for HR professionals. It assists managers in their routine tasks, streamlines complications, and saves them considerable time. Therefore, it has witnessed excellent growth in terms of implementation.
Almost every company has invested in HR technology. However, you must stay on top of the trends to stay ahead of the curve. While we are into 2023, staying compliant with these trends throughout the year will help you improve HR practices, regardless of your industry and business size.
Top HR Tech Trends
Employee Experience Platforms
One of the most promising technologies shaping the future of the HR industry is employee experience platforms. It has gained hype recently as organizations prioritize their human resources over other things.
Employee experience platforms ensure a smooth and satisfying journey for all employees. As employee experience starts right from the onboarding process
, the system considers everything from the first day. It ensures the new joiners get a warm welcome, helps managers measure employees’ job satisfaction levels, and know what they think about working at the company. It allows the staff to create personalized virtual workplaces in remote work settings. The platform provides a central dashboard for staff to keep up with the latest announcements and also enables internal communication channels.
By using the employee experience platform, you can ensure higher employee engagement and retention. It will make your staff more involved in the company's growth and, thus, boost productivity. Moreover, you can ensure these additional benefits:
It improves company culture and helps to create an inclusive workplace.
It improves internal department communication and, thus, promotes trust.
Employee burnout and stress get reduced, leading to healthy work life.
Hybrid Workplace Technology
With more and more communication and collaboration technology introduced year over year, remote work has become widespread. However, business owners want the staff back in the offices to gain the benefits of in-person interactions. Therefore, hybrid work is becoming increasingly important for companies.
HR managers use hybrid workplace technologies to keep the workforce productive and focus on their well-being. They utilize collaboration and communication platforms to help employees and teams work in a single space. Instead of allocating dedicated work desks to each member, they use hot desking systems. HR departments use applicant tracking and HCM systems for hiring and workforce management purposes. For office cleaning and atmosphere management, managers implement digital systems to notify the workers of cleaning and HVACs to control the workplace surroundings.
Hybrid workplace technology assists HR professionals in managing both on-site and remote employees effectively. It enables various benefits for an organization, such as:
It reduces operating costs and keeps the workflow hassle-free.
It improves work-life balance and job satisfaction, decreasing the employee turnover rate.
Hybrid workplace technology keeps the staff connected with each other and provides excellent facilities for collaboration.
AI and ML in HRM
We are all aware of the evolution of artificial intelligence and machine learning in recent years and how they have become widespread. They have also revolutionized the HR industry and streamlined HR professionals' tasks.
Artificial intelligence tools are mostly used in recruitment and data analysis. Recruiters utilize algorithms to source and screen qualified candidates and tackle biases. AI-backed chatbots guide applicants throughout the process and save hiring managers' time. Artificial intelligence also assists HR in verifying candidates’ documents, checking references, and selecting the best talent. Apart from hiring, AI helps to manage data and enable metrics-based results for the betterment of strategies.
ML capabilities help managers predict future outcomes based on past data such as employees’ performances, job satisfaction levels, etc. For example, AI-powered systems measure employees’ performances based on different metrics, and ML outlines the drawbacks. It shows where the staff needs training.
AI and ML improve decision-making process as it gathers and analyzes the data and provide valuable insights into different processes. They deliver many considerable advantages. Some of them are stated here:
It streamlines almost every task and saves the time of managers.
AI in recruitment helps to improve the quality of hire and enhances the candidate experience.
Automation eliminates human errors and improves overall results.
Digital Learning & Development
Employee learning and development programs are mandatory for businesses to ensure higher productivity and consistent outcomes. Due to the rise of remote and hybrid work, employee learning has also been digitalized.
HR professionals offer subscriptions to different learning platforms so the staff can grow their working skills and efficiency. AI-backed platforms analyze interactions and recommend content based on users’ likes, so it helps to enhance the employee experience. Additionally, managers often arrange virtual workshops of industry leaders to provide practical knowledge to the workforce. Apart from these, AR and VR are taking over the learning industry as they enable real-time simulation of tasks. So, many businesses tend to invest in AR, VR, and gamification technology to optimize employees’ learning and training programs.
HR managers ensure a skilled and productive workforce by implementing digital learning initiatives at the workplace. Businesses are benefitted from these programs in many ways. Some major advantages are listed here:
Employees learn in a virtual simulation and perform tasks in real time. So they can learn easily without wasting or damaging any resources.
AR and VR enable different work scenarios for the staff to know how to perform in critical conditions and develop expertise.
It helps the workforce develop their technical skills and build a tech-savvy workforce.
Blockchain For Data Security
According to CheckPoint, global cyber attacks have increased by 28%. The average weekly attacks per company are 1130 worldwide. So, security is the primary concern of HR as their data contains confidential information of the personnel. Blockchain technology is used to handle sensitive data in a secure place.
Numerous data recording systems are available in the market, but the blockchain is the most efficient. It makes it nearly impossible to change, hack, or cheat the data. It duplicates and distributes information across the entire network of systems. Therefore, HR managers use communication, collaboration, and payment platforms integrated with blockchain to eliminate the risks of data breaches.
By integrating blockchain, HR managers can ensure secure sharing of information and payments across different channels. Along with this, the company can have the following benefits:
It streamlines and automates payments and enhances security.
It stores sensitive information and critical documents and denies access to unauthorized persons.
The permission-based access helps managers determine which person can access certain data or files.
In a world full of tech advancements, it has become necessary for businesses to invest in digital transformation to ensure high-quality results. And HR technology is one of the most important things your business should consider. It impacts how we operate, develop strategies, and maintain the workflow. It is redefining human resource management and gaining popularity day by day.