In today’s fast-moving world, the corporate organizations experience a shift from traditional practices to more organized and technology-driven path. To cope with the avalanche of organizational demands, human resource teams worldwide are undergoing a rapid change.
From a typical service-oriented role signified by boring paperwork, endless interviews and hiring decisions and administrative works, the HR underwent a prolific evolution. In the era of digital technology, the HRs in the world’s most progressive companies have started to reform their job roles by including all-encompassing and more strategic responsibilities. At the center of this evolution is digital technology. And the journey is not stagnant, as the HR teams need to buckle up for new initiatives.
In this article, you will learn how the best companies in the world are renovating the concept of Human Resource Management ensuring profit and success.
To cope with ever-increasing complex demands of the rapidly changing technology, Agile HR is becoming increasingly popular in the field of human resource management. The tech giants like Amazon, Facebook, Microsoft have already implemented Agile HR framework.
In a recent post, the Harvard Business Review has also declared to adapt to Agile. Whereas, Deloitte has projected that upon surveying human resource departments in 10,447 organizations in over 140 countries, 94% have accepted that “agility and collaboration” are key factors to organizational success.
Atlassian, Forbes and several other sources refer to a checklist comprising of key points when it comes to explaining Agile HR. Some of the points can be summarized as-
- Prompt feedback collection and sharing
- Frequent performance evaluation sessions
- Providing coaching
- Applying more emphasis on team and team-work
- Use of artificial intelligence
- Incorporating online learning modules
App Powered Communication and Management
Maintaining effective communication is one of the biggest responsibilities in the HR industry. Integration of chatbots to improve communication is not new. And there are web and mobile apps like Slack for quick and prompt conversation.
In addition to this, special cloud-based all-in-one HR apps are in high demand to centralize HR solutions, such as employee onboarding, employee database, shift scheduling, payroll automation, attendance and benefits management, compensation, compliance, document management and several other all in one tap.
Bernard Marr writes in Forbes that implementation of HR analytics tools can help your business in various ways. Predictive employee performance analytics, created with the help of empirical data, can highlight the positive and problematic areas affecting the company’s overall outcome. For best results, instead of manual data calculation on Excel, choose apps and tools for better data aggregation and visualization.
New Recruitment Trends
Tech inventions have played a major role in redesigning the staffing process. Starting from the integration of AI to machine learning, predictive algorithms to robotic process automation, technology has blissfully reshaped the entire talent acquisition process.
The use of pre-hire assessment tools, applicant tracking system (ATS) and cloud-based SaaS software has revolutionized the recruitment processes worldwide. According to Deloitte, merging ATS systems with candidate analytics, video interviewing will result in effective talent acquisition.
The report has also shown how an Australian company saved $1.1 million (AUD) by opting for a pre-employment skill testing service. Online assessment platforms aid the HR teams and recruitment agencies in evaluating the skill of the candidates.
Pre-employment skill testing software like Questy, helps to screen the job seekers and identify the right-minded talent for the job role. It is one of the most useful tools to evaluate the job applicants on various parameters and provide a quick scorecard, making the hiring process smoother and easier.
Questy is highly recommended for conducting a mass evaluation. It allows the assessors to create/add single and multiple choice based questions, define marks and duration and set rules when creating a test.
Tech recruiters and IT recruitment companies can also benefit from this software. As coding skills is one of the essential prerequisites of the IT applicants, Questy helps to conduct coding assessments and do much more. Visit https://www.questy.xyz/ to learn how this can help you with recruitment.
Thousands of companies have already started applying the above-mentioned strategies in the HRM. If your company is still following the old trends, it’s time to rethink.