13 July, 2022 10 min read
There are many changes that are happening in the world of HR. The first is that modern HR ‘s need to be more agile. This means that they need to be able to react quickly to changing business needs and keep up with talent acquisition and retention. Another major shift is from doing transactional work to strategic work, which means that instead of doing the mundane administrative tasks, HR teams should now focus on long-term strategy and planning too. Another trend is to focus on overall diversity and inclusion, which is being pushed by the raising awareness from employees and also the government regulators across the world.
Another trend is an increased focus on continuous learning for employees as well as for HR professionals themselves.
It is not a secret that HR departments are one of the most important parts of any company. They are responsible for recruiting, managing, and retaining employees. And with the changing world, this responsibility becomes even more challenging. Here is a list of 5 major trends in human resource management in 2022.
Human resources as a function has seen significant changes in the last decade. Advanced data-driven technology is rapidly making its way into the HR industry. 53% of companies are revamping their HR programs to deploy digital tools and 22% have already leveraged AI.
Below are the Advantages of implementing AI and ML in HR
Employee engagement is crucial for every business agenda because it plays a key role in boosting productivity. Real-time data enables HR experts to take prompt action in a personalized manner. AI and machine learning (ML) help HR leaders develop HRM programs based on smart data.
HR chatbots reinforce employee relations and support workforce engagement. HR chatbots streamline and automate the hiring process, enable employee self-service and enhance efficiency across the organization. For example, if you are planning to take a day off without prior notice, an ESS bot will assist the manager in granting or rejecting.
HR leaders are embracing modern training methods in order to manage a multi-generational workforce and tech-savvy millennials. Different individuals are characterized by different learning styles, and to accommodate that, HR leaders use AI to individualize the learning and training exercises. The AI/ML algorithms offer suggestions when it comes to training the workforce, thus making training programs more rewarding.
HR industry is increasingly leveraging AI/ML as they are adept at identifying performance patterns over time. HR personnel can develop a closer bond with their workforce by utilising the derived insights to figure out the human morale’s and empower the employees so that they can identify their true potential.
An applicant tracking software (ATS) can ease the trouble of an HR practitioner who has to go through countless resumes, thereby reducing blunders and ambiguities during recruitment. AI/ML have optimized every stage of the recruitment process by equipping HR leaders with personalized research tools to pick out the finest talent in the industry. The ATS can analyze incalculable resumes based on keywords, location, qualification and expertise.
You do not need to spend time filling out forms for documenting transportation expenses, calculating leaves and individual taxes. HR bots can also take care of payroll and expenses. Just notify the bot and it will get your bills approved by your manager.
In the past, remote employees have had a bad reputation. But now, some businesses are thriving with completely remote teams. Teleconferencing and telework technology have advanced to the point where it’s not uncommon for businesses to allow their employees to work from home once or twice a week.
So why are employees and employers attracted to this remote work trend? See even some examples of organizations adopting this trend.
Millennials want the flexibility to work and travel, whereas a parent with 3 kids may want to work from home. Employees who work remotely have the flexibility to organize their work hours around their personal schedules. Additionally, it lowers the cost of internal resources and internet for businesses.
There are many distractions at work that hinder productivity. Remote workers worked 9.5% longer and were 13% more productive, an experiment by Nicholas Bloom found. More productive employees can also equal increased sales for a company. By using the best technology and having a plan in place, this remote, productive dream can become a reality.
As employers, you may find reaching top talent near your area difficult. By offering remote work options, you have more opportunities to garner top talent. This option works particularly well if you are seeking high-in-demand technical staff. Young, but skilled graduates may not have enough funds to move to a large city, so remote work allows them to save more money.
Recent trends in the HR world have been seeing a rise in automation. This is because there are so many tedious and mundane tasks managers need to do. This often takes a lot of time away from the manager’s day which could be spent on more pressing matters. With automation, managers can delegate these tasks to their computer software and be done with them in no time!
Automation has left its mark on HR and impacted it greatly, read on to find out how.
Good employee management is an integral part of any organization’s success, but gathering the measurables to carry out performance appraisals can be difficult. With the changing trends in HR industry Automation allows the gathering of data to be automated, as many reports are automatically generated. As this makes performance management much easier and faster, it is much easier for management to determine any areas that need to be worked on within the organization.
Onboarding processes are a necessity in every company, and can be the deciding factor of how long an individual chooses to stay in a company. Long-winded onboarding processes can be a bore to newcomers and do not leave the best impression. In the coming future automation allows for employees to complete their own onboarding tasks at a faster rate, so they have more time to get adjusted to their surroundings.
The management and leadership should create and encourage a diverse culture and should make them as the primary responsibilities of HR professionals. A workplace that values diversity, gives every employee a chance to learn and grow, and appreciates their contributions are going to be the game changers for talent acquisition and retention to the company. Diversity as a strategy offers companies the chance to begin seeing emerging trends. By fostering an inclusive atmosphere, it can focus on the elements that encourage employees, lower absenteeism, and boost productivity.
In most companies it can be challenging to have a clear picture of what diversity is like for that specific organization. Diversity should be monitored by HR teams to combat this. Audits are a good way to achieve this. Not only for current employees, but also in hiring procedures, this should be done. This will make it possible to gauge progress effectively.
HR should concentrate on recruiting and developing a diverse workforce when it comes to diversity. For instance, some HR experts collaborate with local youth organizations or schools to find and keep talented people. This aids in developing talent at a young age and ensuring that more people of different backgrounds are aware of the opportunities within the company.
These changes to recruitment should be considered by companies, but they must be implemented as soon as possible. Even though recruitment has improved, more attention still needs to be paid to other areas like mentoring, supplier chain diversity, and advancement. Businesses must make sure that they support the advancement of ethnic minorities within their organizations.
Every organization aims to structure people, work and responsibilities to meet organizational goals in an optimum manner. Most young companies and start-ups start their organizational life with a flat organizational structure; as companies grow, they tend to become more complex and hierarchical, often leading to bureaucracy. Failure of the traditional hierarchical structure to be nimble and adapt to globalization led to the evolution of the matrix organizational structure. Matrix structures broke down the hierarchies, allowing teams to share information across task boundaries and enabling managers and staff to build their knowledge and experience across projects. It also allowed the individual to develop broader perspectives and skills.
In the last decade, the Digital Age has exploded. The last decade is characterized by:
The future of HR management is going to be a huge challenge for organizations. With the rise of automation, it is going to make it easier to manage the workforce, but there are certain things that organizations need to do in order to leverage the advantages.
Organizations will have to focus on their employees’ skills and make sure that they are up-to-date with the latest trends. Focusing on their employees’ happiness and making sure that they are satisfied with their work needs to be the priority of any corporation. Companies, small or big, should also consider investing in AI technologies to automate some of their HR processes and leverage the advancements in the technologies to improve productivity and the bottom lines.
In conclusion, the future of HR is looking bright with these 5 trends. The workforce will become more diverse and adaptive, there will be a rise in collaborative work environments, and HR tech will finally be able to keep up with the needs of modern HR departments.
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