The year 2019 has been extremely significant for human resource management. That was the year we saw how disruptive technologies like big data, analytics, machine learning, and artificial intelligence went on to influence some of the most crucial operational aspects of human resource management. The incorporation of these technologies into processes led to several companies having data smart team members, who showed higher commitment levels at work, were more satisfied, reserved paychecks they deserved, and more, see HR Trends in 2020.
While there are companies who have witnessed the power of data-driven decision making last year, there are still thousands of human resource management departments in companies out there who are yet to make use of the technologies to their fullest. With the dawn of the new year, we foresee newer trends and have compiled them here. For 2019, here’s how the future of human resource management looks like.
Emerging HR Trends in 2020
Artificial Intelligence = An Ally
When automation kicked in, businesses and organizations around the world considered them a threat. It took a while for them to realize that they were more of an ally than a threat. In 2019, technologies like artificial intelligence and machine learning would continue to power the human resource department, helping them tackle HR issues with ease. AI would allow associates to automate interview processes, letting them focus more on one-on-one interactions during recruitment processes.
Besides, the technology would also solve plaguing concerns like attrition and gender-based wage differences and more with predictive analysis and data science. According to a report by Allegis Group, 83% of recruiters believe retaining talent and recruiting the right ones are growing recruitment challenges.
Evolving HR Software
Disruptive technologies will also help human resource software applications to become smarter and handle complex tasks seamlessly. One of the major challenges of human resource management is gauging employee satisfaction levels through performance management and tracking productivity levels. With evolving software applications, HR associates would be enabled to revolutionize conventional review cycles and come up with better performance evaluation processes that are transparent, unbiased, and data-backed. A report by Work Institute reveals that 9% of employees leave an organization because of unsatisfactory benefits and compensations.
Apart from software applications, if there’s one thing that is evolving, it is today’s workplace. This is the time when we are moving away from conventions to something beyond. It is the time of the millennial generation, who are joining workforces around the world. With their approach to society and lifestyle, workplaces are continuously adapting to trends that were untouched or unspoken about in the past.
Less Effort and More Impact
For those of you asking what is the role of an HR executive? The answer is quite elaborate. There are tons of functions and operations that a human resource department does which isn’t evident to employees. In the coming years, companies will realize that the operations and initiatives associated with HR Analytics are too much and would make it a mandate to have small yet effective HR teams that bring more impact to the organization.
So, this is the scope of human resource management for the year 2019. Apart from these, there will also be trends in the form of wearable devices integrations for time tracking, time-restricted official email policies, workplace health, encouragement of remote work, and more in the coming years.
As technology continues to evolve, we will see it influencing the human resource management department better to offer the world better workplaces and motivated workforces. What do you think? If you intend to make it big as a professional in this evolving and lucrative field, upskill with our HR analytics courses today.