With companies endeavoring to explore the shifts in the industrial landscape, the ability has turned into an outstanding concern. Organizations are contending to draw in the best talent and keep the best workers in an inexorably focused work showcase with augmenting aptitude holes.
To fathom this, the HR industry is admiring innovation to be the friend in need. Due to this, it is not a shocker that the HR Tech industry is seeing the most troublesome periods it has found in this decade.
In such an hour we bring to you the 5 trends that will see the emerging light in 2019:
Robotic Process Automation:
While AI has done its own part to automate the Talent Acquisition process, Inclusion of Robotic process Automation aims in converting the manual process to automatic involving the core HR department. It also enhances the functionality of the onboarding module and shifts a rather major focus on the job function which is of actual concern and interest to the employee other than toying time around onboarding process.
According to a recent statistical report it has been observed that a majority of the HR executives perform time and again heavily repetitive tasks, which can be easily eliminated using Robotic Process Automation. These time repetitive tasks such as creating a new employee record, gathering employee documentation along with adding a new employee in the payroll system can easily be fed and self-performed using RPA.
HR analytics
HR Tech in the years to come will completely change its main functionality to a data-driven form. Ranging from hiring to talent analytics to retaining talent to promoting talent, everything is going to data-driven. HR Tech was mainly brought into focus to enhance company productivity by studying about the existing problems that the organization as a whole and the employees individually face.
HR Analytics help the companies figure out their productivity scale by studying about the employee data and relative productivity. It also helps in figuring out the relevant metrics related to the organization. HR analytics tends to give us the right trends which are mainly needed in identifying the employee job changes which in turn will venture profits and also suggest the relevant skillset and pertaining pieces of training that each individual has to go through to bridge the skill gaps.
Workforce planning and optimization
2019 will surely be the year of a focus shift on recruiting from within. Companies will be totally dependent on HRTech solutions to predict the workforce demand along with calculating the employee turnover rate and predict the fluctuating attrition.
Companies will put in a lot of effort to plan in a proper manner for their workforce and the skill sets they would require. This prediction also helps in increasing the utilization of the employees. Furthermore, there will be added utilization of the resources on the bench as they will be matched to the internal demands and hence reducing the dependency on external recruitment.
Payroll management
2019 will be the year wherein the payroll management will see a major shift to technology. Automated payment management solutions with end-to-end support, ruling out the manual redundancies of calculations. The transition to cloud-based services makes payroll management extremely compatible across devices along with making universally manageable while rooting it globally.
The added shift in focus on deep integration with the HCM systems adds in to provide two-way communication between the systems. This integration will enable organizations to achieve an internationally standardized perspective on the workforce along with authenticated compliance.
Employee wellness
Employee wellness ranges from catering to the health of the employees to select a right plan for their risk related emergencies. It also involves selection and the study of the right exercise plans, health benefits etc. This process can be best done with the newly formed and seamlessly integrated technology which will add focus on addressing all the factors of the employee including emotional, physical, financial and professional needs of an individual.
The data from software platforms will help HR professionals in order to burnout and retain employees. Unique solutions of the software will include doctor consultation, preventive health-check-ups, financial health advice along with psychological help with a thorough understanding of behavioral sciences and coping up with stress and anxiety mechanism to name a few.
