Emerging Trends in HRM
The past few years have redefined the human resource management industry in more ways than one. From a more efficient hybrid work model to the metaverse, 2023 will be the year when upcoming HR trends add value to the recent transformation that the HR industry has witnessed.
Figure 1: HR Trends 2023; Source: empxtrack
Hybrid work
model
The ability for employees to work from home is among the pandemic's most beneficial effects that are most apparent. Many businesses that had previously
believed that good performance with employees working from home was impossible
were shocked to learn that such HRMS Software may continue to function well
even during a global shutdown.
Hybrid work will be very advantageous for tech companies in 2023. Most
skilled workers can do their work from home and yet meet deadlines. Even less tech-adept businesses might switch to a hybrid work paradigm. However, there will be a range of deployment levels because certain companies will
still require a significant amount of on-site labour.
Artificial intelligence
According to Saxena, (2020) “The role of technology in the
business panorama cannot be looked out”. The way that businesses operate
has drastically changed since industrialization picked up steam. Every business plan now includes technology as a necessary and fundamental
component. Nearly all business owners rely on technology to launch and grow
their enterprises. The concept of the relationship between business and
technology, however, is not new.
Figure 2: Stages of
artificial intelligence job replacement; Source: ResearchGate
Employee wellbeing
Employers now place a high focus on employee wellness. To encourage
a healthy work atmosphere for their employees, businesses are using technology
and wellness initiatives more frequently. The health and wellness of employees
directly affect team output and overall business performance. Therefore, it is
crucial to alter working conditions in order to promote employee well-being and
enhance productivity
Figure 3: Employee Wellbeing;
Source: alamy
Cloud-based HR systems
Companies are modernizing and streamlining their operations in
response to the COVID-19 pandemic as well as non-pandemic market dynamics.
There is no exception to this in human resources. Companies must restructure
their HR departments to increase employee connection, flexibility, and
transparency while preserving a talent pool that fulfils their requirements.
Cloud is useful.
Seven reasons to move to cloud-based HR systems
1. Integrated recruiting tools
2. Enhanced employee engagement resources
3. Centralized employee management
4. Onboard tools with device accessibility
5. Automatic payroll preparation
6. Performance enablement & reporting
Diversity and inclusion
Diversity and inclusion in the workplace are crucial because when
workers feel acknowledged and valued, regardless of caste, race, ethnicity,
department, or gender, the entire company is empowered, and the ideal working
environment is produced. Increased staff productivity improved problem-solving
abilities, and increased employee satisfaction can all be achieved by fostering
an inclusive culture
How technology has changed the hiring process
Figure 4: Digital HRM;
Source: NaukriRMS
Particularly when it comes to finding, evaluating, and hiring suitable individuals, the recruitment and human resources businesses are moving rapidly. Each human resource professional tries to add their unique flavour to their everyday activities and tasks in order to streamline the hiring process and find qualified applicants.
Social media has a significant impact on how the dynamics of the
hiring process have altered as a result of the internet. There are various
advertising platforms available to hiring managers who want to grow their
workforce. They may use these platforms to advertise, draw in eligible
individuals, and fill their open positions. It is now simpler than ever to
reach a pool of skilled and qualified individuals thanks to social media
platforms like LinkedIn, Facebook, Twitter, and others.
Soft skill development
Soft skill development is essential for improving one's capacity to
collaborate with others and can help you advance in your job. If you are
a small business owner or self-employed, soft skills can help you find,
attract, and retain clients.
Conclusion
With the emerging trends in HRM which have redefined human
resource management in recent years, adapting to a hybrid work model, AI integration
and finding innovative ways of managing HRM is essential. Many organizations
find it beneficial to establish a specialist division to provide professional
service dedicated to ensuring that the human resource function is performed
efficiently.
Reference
Saxena, A., 2020. The growing role of artificial intelligence in human resource. EPRA Journals, August.6(8).
The organization's long-term plans for the HR industry. However, each will had a long-lasting effect on how we handle people and collaborate with the business.
ReplyDeleteIt's important to learn HR trends because market climates, employee needs, industry practices and company policies often change as time progresses and technology evolves
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