In modern-day transformational age where Trends evolve like social media updates, no industry and no Technology remain unaffected including HR technology. It’s now bygone era’s thing that HR have their head buried into papers – be it register entries for attendance management, maintaining Employee records, or leave requests etc. Managing workforce was more a challenge in terms of keeping those records safe and properly updated. Moreover, recovery of the documents was not possible especially in case of fire accidents.
To overcome all the above challenges automated HR tools have been introduced. It has become quite easy to manage every single process starting from applicant tracking to onboarding, attendance management to salary processing, and Performance review to exit formalities. This implies that leadership challenges for new HR managers have been waved off.
HR professionals prefers Software application that helps them to target employee productivity as well as Engagement. Even the technology providers design applications to cater employees first, enabling them to learn and grow, collaborate, steer their careers, share feedback, and manage their routines in an effective manner.
The continuously evolving trends are a sheer reflection of major shift from the time when HR tools were introduced to streamline HR processes including better administration, efficient record-keeping etc. But now the digital technologies have taken over every aspect of HR, from recruitment to performance management to compensation management.
The current phase of transformation into HR processes emphasize more on Employee Engagement while introducing many new trends.
Let’s have a look at the major HR technology trends that are going to rule in 2016
- Cloud-based facilitators redefining HR functions: As even ERP vendors extend their HR product offering, a ‘third wave’ of service providers is coming up with cloud-based HR solutions that are easy-to-use, affordable and cater to mobile accessing needs from the very beginning. All the vendors are emphasizing on a realm of core HR functions like recruiting, payroll, training and development, and most importantly employee engagement.
- Feedback-Driven Approach for Goals and Performance Management: A majority of big organizations have replaced their traditional performance management software with feature-packed, feedback-induced software that can support their new processes swiftly. They have realized the need of well-integrated HR software that can help them with managing every process from goal setting and tracking to 360 review feedback to boost individual performance and productivity.
- New Categories of Software for Employee Engagement and Culture Management: Companies are getting increasingly specific about low employee engagement. Considering this, a myriad of software providers has introduced a new set of tools that seek real-time feedback, determining culture, tracking employee engagement while managing employees’ goals and performances. New generation HR tools are making a prompt attempt to encourage frequent interactions between employees and managers thus addressing employees’ concerns, requirements and new ideas.
- Predictive Analytics Tends to Grow Continuously: Predictive analytics in terms of finding right talent is expected to become a significant feature in HR technology solutions in the near future. Though there are still many organizations that apprehend to adopt new practices of talent analytics, a plethora of service providers are offering extremely impressive functionalities to manage employees’ training schedules, predict employee attrition and uninformed absences and to highlight promotions and appraisals to motivate top performers.
- Integration of Training Sources: The progressive need of training has resulted into surging demand of user-friendly, online guiding content for complete professional development. Companies are providing online training through various sources and platforms, but putting that content together for an integrated training experience for employees is a challenge for them. Like the aspects of performance, goal-setting and tracking, engagement and culture management, service providers are taking a step forward to address this need as well. Increased interest in employees’ training and development results into increased engagement.
Considering all the above trends, it won’t be wrong to say that innovation in HR technology is bringing employee engagement to the front by reducing workload, boosting engagement & retention, and lowering attrition. Make sure your organization moves hand-in-hand with new trends, addressing employees’ concerns first!
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