“The Digital Age,” “The Big Shift,” “The Fourth Industrial Revolution,” all these expressions have been used to describe the economic and social transformation that we see in the 21st century. The technological revolution deserves special mention that has changed the world in which we live. So how is the world of work and business adopting this new reality? What should be the role of the HR system?
Here are some of the top trends that will influence the HRM sector and the future of Enterprises globally.
Building a dynamic and modern organization
Businesses have been facing a lot of change and transforming the way they have been working. The organizational structure of the company is the priority for the majority of them at present. Recent reports also speak that shaping the organization for the future is considered as most important by companies worldwide.
The majority of the companies at present are striving to build up a more dynamic and flexible organization. They are leaving the work structure of the past to respond quickly to every small change in the market. The HR system is encouraging working in small teams, working as a team for 1-2 years on a project and then moving on to a new project of the same company.
Employees are Learning Continuously
Taking the speed of technological change into account, how is it possible to prepare the employees to embrace any change in the coming decades? The only possible way is continuous learning.
To make the employees possess the necessary knowledge and skill, the learning and development managers of organizations are introducing and implementing systems like LMS (Learning Management System) and HR Software Solutions.
Talent Acquisition
In a human capital-based economy, talent acquisition is of utmost importance for any organization. Being a part of the vast technological revolution, enterprises are in constant search of professionals with sound knowledge of different areas and expertise.
To find out and recruit the right talent, the HR leaders are relying on social networking and are using big data and new cognitive technologies. The use of social networks, online forms, videos, and the popularity of robotic interviews has skyrocketed to speed up recruitment by cutting costs.
Improving employee experience within the Organization
The HRM teams are striving daily to maintain the corporate culture within the organization, to improve employee engagement and motivation, and to offer new learning opportunities every day. The mission of enhancing employee experience aims at increasing the level of employee satisfaction and help in developing a more flexible and dynamic organizational model.
New Ways to Praise Employee Performance
The idea of getting a promotion within organizations is also going through a change. Examinations, experience, and seniority are no longer considered as the primary method of appraisal. A shift has been noticed towards building a more flexible and faster model. The hr system is in search of new appraisal models based on continuous feedback and well-defined targets. The majority of the companies globally have been successfully trying out new methods of performance appraisal and are rewarding employee performance.
The Role of Digital Human Resource
When everything within an organization is becoming digital, then why not the human resource departments? The responsibility of the department lies in rolling out several new digital initiatives, implementing new applications and software that helps in changing the work culture.
In this context, the role of a chatbot using artificial intelligence for recruitment purposes deserves special mention. The use of a reliable HR Software Solution also comes in the scenario.
