March 1, 2021
If there’s one thing that we are all headed towards, that is digitalization; case in point – the Human Resource industry. Several companies embrace the shift from tedious manual handling of this company function to an efficient, convenient and modern manner through HR software.
In the past year, we have witnessed how HR digitalization became a necessity overnight, with several companies adapting to remote working. The sudden shift in the workplace landscape has left plenty of companies grasping at straws. Fortunately, businesses have quickly gotten back on their feet. 2020 was indeed a year of digital transformation in HR and will continue to do so for the coming years.
The workforce is continually changing
In today’s economy, industries must be quick on their feet in adapting to the ever-changing business models. New job responsibilities and working conditions influence these. In addition, some factors accelerate such changes-including technology that gave rise to machine learning and consequently to HR automation.
HR Digitalization goes beyond new systems
Digitalization is more than just acquiring and integrating technology in a company’s existing HR function. It is as much about having the right skill set to make use of the innovation. Companies must invest in their people to learn the skills needed to thrive in an ever-expanding digital landscape.
HR managers must constantly innovate
One of the challenges that HR managers face is the need to constantly innovate and keep up with daily functions, including policy creation, managing payroll, arranging skill development programs for employees. There are three things that HR managers should be doing to effectively foster innovation within the company – hiring the right people for innovation, creating a culture of innovation, and providing training to encourage innovation. All these can be achieved through the use of the right HR technology along with keeping up with the latest technology.
The Impact of Deep Learning/AI
With HR Digital Transformation comes artificial intelligence. AI has significantly impacted the way HR managers work. HR leaders have effectively tapped into deep learning capabilities and integrate them into their existing processes- all thanks to advanced HR platforms. AI has improved candidate engagement in ways, including providing automated feedback throughout a candidate’s journey- beginning with their application right up until the final decision.
This further goes on with onboarding the hired candidate. In light of administrative tasks, the HR staff can be relieved of the transactional process that goes into onboarding a new employee. AI ensures that the newly-hires receive all the support they need while minimizing emails and face-to-face meetings with the HR manager.
Finally, Digital Transformation is a necessity
One thing’s for sure about digital transformation in the HR industry – it is inevitable. Soon, every single business that exists will be compelled to integrate technology into its processes. Not long now and companies will be more data-driven in their decisions regarding HR policies, while technology will always be here to stay and will continue to improve in the years to come. Companies that embrace such changes will thrive and prosper.