HR today has moved from being only a personnel department to a strategic business partner. It needs to ensure that the company workforce is well trained to face new business changes
With changing technologies, communication and social media landscapes, this year is going to be another year for business evolution. These new changes not only pose challenges like data safety and security, legalities, technological transformation, they also pose HR-related constraints. New skills, qualification and balancing between qualification and experiences, make searching for the right talent more intricate.
HR today has moved from being only a personnel department to a strategic business partner. It needs to ensure that the company workforce is well trained to face new business changes. For this, they must keep a watch on the recent trends to include in their HR strategies.
Hadron has identified some of the trends below that will play a key role in HR strategies:
1.Employees experience and wellness
Employees’ experience and wellness will continue to be a major factor in talent retention and new recruitments. It is already proven that healthy and happy employees are more efficient and productive. Companies are expected to invest more in employees’ health benefits such as yoga classes, gym membership and promoting flexible working hours, remote locations.
2.Focus on skill training
According to the World Economic Forum report, 2018, “By 2022, almost 54% of the employees will require re and upskilling.” Companies are initiating many training programs to improve employees' skills such as analytical thinking, innovation, communication and technology to create talent pools for future changes.
Technology in human resource is no more about using only the applicant tracking system and customer relationship management tools. Artificial intelligence and data analytics are going to an integral part of it. AI will make hiring faster and unbiased. Data analytics will be increasingly used to analyze candidates’ profile and check if they fit within the company culture. Companies will focus on the digital empowerment of their HR teams.
Employer’s brand is important to the candidates. They like to connect with the company, its brand, values, before applying for a post. It is, therefore, crucial for companies to build a positive brand. It helps them remain competitive in the labour market. Investment in creating a good company website, branding and communication will remain top priorities for the organizations.
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