2020 has been a significant catalyst for change for individuals as well families and businesses. Teleworking has been a norm since before the pandemic. The persistence of inequality has highlighted the importance and necessity of inclusion initiatives. There is a greater need to ensure employee wellness, mental and physical, than ever before. As we look into 2021, HR technology trends will be supporting businesses in the “new Normal”, which offers tech solutions to solve both new and persistent problems.
This article will focus on the 6 technology trends that HR should monitor and demonstrate how these tough times have produced essential tools.
What is HR Technology?
You’re not the only person who is wondering what HR technology is. This umbrella term covers all the tools HR managers use for better employee experiences.
HR software can store secure data, automate daily processes, and provide analytical tools to support strategic decision making. All functions, such as recruitment, pay, Onboarding and performance management, can all be managed through a digital HR platform. Automating these processes will save not only your business money but also time. It also minimizes human error, reduces liability and prevents costly errors. Cloud-based software for HR can be accessed anywhere. This is ideal in today’s work from home climate. Employers can upload and review data from their desks or mobile devices.
HR Technology Trends
We see strong influences from the past year and ongoing progress toward digital transformation when we look at the HR technology trends for 2021. These are the technology trends we expect to see.
1. Artificial Intelligence is used in Recruiting
AI-based algorithms offer unique insight into candidates through a variety of sources, including their social networks. IBM, for instance, uses AI to analyse a potential hire’s social media shares. It also examines applicants’ facial expressions, sentences, and facial expressions to determine if it’s a suitable fit.
2. Digital Transformation
While many companies have already begun their digital transformation journey, 2021 will see increased adoption. This is to say that technology integration will occur in all areas of HR. Forbes states that Millennials continue to drive this trend. They rely on automated tools for communication, accounting, and management. Digital transformation implies a rise for self-service tools like automated Onboarding and workflows. The digital transformation means that HR departments can use data to improve their company culture and policy.
3. Remote Work Upgrades for HR Technology
As the rise of work-from-home culture, 2020 saw us move out of our offices and onto our couches. However, all signs point to the fact that remote work will continue even after the pandemic. This means that HR technology can be accessed from anywhere by both employees and employers. You can also digitalize all scheduling and processing.
4. Performance and Wellness Management
Annual Performance Reviews have been largely abandoned as organizations look to implement a system of quarterly/monthly reviews with weekly check-ins. HR Technology allows supervisors as well as employees to check in regularly. This creates a cycle of feedback and expectation-setting. As a result, employees will have a better understanding of their performance. Supervisors will also be able to be more specific with their expectations.
5. Data Privacy
With data privacy laws passing around the world, businesses must start taking data security seriously. According to both the California Consumer Privacy Act and New York’s Stop Hacks and Improve Electronic Security Act, employee data must remain secure and safe. HR Technology should ensure that documents can be centralized and organized. Functions such as digital signing can help to protect contracts and payslips.
6. Digital Learning, Training, & Development
Surprisingly enough, the pandemic is creating unprecedented opportunities for retraining or up skilling workers. To help employees adjust to working online, many organizations offered training modules. This system was also useful for traditional training opportunities. In the future, HR technology will make employee learning and growth a central part of their business. In short, businesses want platforms where they can share files and resources, automate workflows, and support employees pursuing professional development.
HR management software is nothing but an HRMS that handles the daily routine of an HR with automated workflows. In the era of IT and modern technologies, HR management software becomes very essential for business organizations. Ultimate Business System (UBS) offers a top-of-the-line HRMS software that only handles your HR tasks but also ensures overall business growth.