In the past few years, HR technology has significantly changed the landscape of how management of people works. There are some core reasons for the major shift. Firstly, the millennials have become the mainstream cohort in the modern work environment.
The second reason is the overall advancement in the technology itself. Emerging technologies like RPA (Robotic Process Automation), Artificial Intelligence (AI), and Machine Learning (ML) have led to major disruptions in modern HR practices. We can understand the same with the help of important HR tech trends 2022 and beyond.
What are Human Resources Technology Trends 2022?
HR technology is used for representing the group of technologies or tools like apps and software solutions that are dedicated to deliver improved HR outcomes.
Every function within the HR team -right from creation of job advertisements to onboarding, exit processes, and so more, can be automated. These processes can be made more efficient and managed seamlessly with the help of revolutionary HR tools or technology solutions.
For your ease, we have compiled a list of the top HR technology trends for 2022 and beyond. Here are some:
Artificial Intelligence (AI) in HR
Artificial Intelligence (AI) technology has become an integral part of the all-new era of HR technology. Some ways in which AI aims at influencing HR practices are:
- Augmented Analytics: As HR teams will use AI algorithms, it will help them in understanding and automating repetitive tasks while freeing up ample time in different processes. Therefore, HR teams can look forward to focusing their energy on high-impact, strategic tasks. AI-powered HR technology tools will deliver the overall ease of access to visualization and curated data. It will help with strategic, insight-driven decision-making.
- Improved Employee Engagement: The utilization of AI-driven algorithms in domains like employee engagement and the overall performance will help in modernizing the HR process. The software is now capable of focusing on improving the employees’ lives in a real manner.
- AI-driven recruitment: When AI-based algorithms are combined with improved cloud computing, it leads to a rapid shift in the manner in which employers look for talent with the help of the HR technology. AI for recruitment and talent management can help in understanding the profiles of individuals. Therefore, it delivers the right type of match-making for both organizations and candidates.
Remote working has rapidly become the new normal. While the HR tech trend has been prevalent for the past few years, the advent of the global pandemic has brought the same to the forefront.
Cloud-based HR will deliver a wide range of benefits. It allows the Human Resources department to make use of data in real-time. Moreover, it also allows the subsequent teams to take decisions effectively. In turn, it makes it quite simpler for organizations to analyze the overall engagement and productivity.
Performance management will now be performed in real-time. It will serve to be both integrated as well as continuous. HR tech will typically come up with a dedicated cycle for expectation of the setting and feedback. In turn, it will ensure improved monitoring and employee performance.
Organizations all around the world are increasingly adopting relevant feedback interventions including Feedback 360 for making the process of performance management quite holistic.
The overall well-being of employees is now regarded as an integral component of performance and productivity. The best organizations out there are searching for a highly integrated approach to the aspect -in terms of emotional, mental, and physical health.
The period of the global pandemic has indeed revealed the priorities of the workforce. Organizations that had come up with dedicated wellness policies for the employees revealed that the workforce was significantly grateful for the overall benefits. Therefore, the employees performed better even after all the mishappening.
There is a wide range of HR-centric technology tools that focus on the physical and mental health of the employees. It features advanced wearables and gamification tools. Moreover, mental wellness and advanced health tools are also increasingly being integrated into the respective HR software for improved focus on employee productivity and performance.
This trend has been there for a while. However, it is expected that the gig economy will soon experience a boom as individuals increasingly look forward to working on their own terms & conditions. Employers all around the world are effectively realizing that the utilization of a combination of freelancers, full-time employees, and contractors is the best way to ensure effective results.
For most organizations out there, workers of the gig economy comprise around 30 percent of the workforce. In this scenario, the role of a revolutionary HR technology solution is to bring the diverse workforce together on a single platform while managing people, onboarding, recruitment, salaries, and so more.
Technology for Monitoring Employees
Remote working has altered the mechanisms of communication. From the HR and manager perspective, it is challenging to analyze how engaged people tend to be when you are not sharing working spaces with them.
This is the reason why organizations nowadays rely on cutting-edge methodologies like frequent pulse surveys. It helps in continuously gathering relevant feedback from employees while using the same to improve the overall experiences.
Moreover, some organizations are also increasingly using high-end employee monitoring tools. These HR technology tools are capable of tracking how engaged employees tend to be when they are working from home or remotely.
These are capable of gathering relevant metrics like application, time tracking, and website utilization. The data obtained can be then used for tracking healthy habits while avoiding burnout, suggesting improvements for productivity, and designating coaching and training.
The world has changed significantly in the past few years. While the changes might be temporary, they will definitely spark behaviors for transforming the future of work in several ways.
In this situation, HR technology is also going to adapt accordingly to meet the ongoing changes. A common ground for the latest HR tech trends -whether it is AI or virtual reality, is that these will help in powering rapid transformation.