There is no denying that the Corona pandemic has accelerated economic uncertainty across the globe. As a result, every business, be it small or large, was forced to adapt to new work models along the way.
Amid all the chaos, HR technology has been a great support. Several automated HR solutions not just facilitated the transition but also simplified things for companies. A big question arises here, what is the future of HR tech after this pandemic?
In this blog, we will discuss the same.
Take a look at the highlights:
- Three ways HR tech will evolve in the post-pandemic time
- Looking back at 2021 and forward into 2022
- Parting Thoughts
Let’s start exploring!
Three Ways HR Tech Will Evolve In The Post-Pandemic Time
- Digital Transformation
It is no news that we are living in an age of technology boom. At present, the demand for trained employees far outstrips the supply. Now, companies have a choice to hire the best talents; however, it can cost a large amount of money. So, the only option employers are left with is equipping employees with the right technology and retraining them in a timely manner.
According to a survey, 80 percent of employees stated that upskilling/reskilling training has boosted their confidence.
For the unintended, upskilling workforce is an efficient way to boost their overall morale and performance that in turn can aid employee retention. Most importantly, this can save lots of money on recruiting and onboarding new employees.
Upskilling employees is beyond one of the HR trends post-pandemic. It has become a necessity today.
A number of companies in India have relied on remote technologies lately. In order to provide a seamless digital transition, employers took a step ahead and introduced HR software. At the same time, they have also put off outdated tools/systems due to fears about employee productivity during work from home.
So, one thing is clear that relying on technology adoption and upskilling employees are vital to enable businesses to succeed in a world where remote operations are increasingly becoming the new normal.
- Virtual Future
In the past two years, demographies, customer and employee experience have dramatically changed. All these changes have led to increased automation and digitization lately.
Today, almost every company out there relies on virtual conferences and meetings. Many have even made peace with the fact that telework performs better. Several studies have shown that virtual interactions provide new opportunities for customer service, sales, and relationship management.
All that said, we believe that remote working will continue in the coming years as well. The business world has, undoubtedly, reached a stage where, instead of being an amazing “add-on”, companies should start searching for necessary employee wellbeing initiatives.
According to a recent report by LinkedIn, 74 percent plan on increasing spending on HR technology.
In the coming times, there will be a great need of collecting employee feedback to get a clear picture of how the organization can enhance the employee experience. Now, this won’t be possible using manual tools. So, the one and only solution is to lean on HR technology.
Several automated HR solutions are designed to allow employees to get and give feedback in real-time. With the right HR technology in place, employees will be encouraged to share their problems and grievances with the company right away. This will help employers go a notch ahead and extend support programs for their employees during these testing times.
- Leadership Recalibration
Every working individual in an organization has a big role in the success of the business. After the outbreak of the global pandemic, COVID-19 in the year 2020, companies have refocused on their leadership. Slowly but surely, employers realized that open communication and building trust among employees are the key factors to success.
The Corona pandemic has not just geographically dispersed talent but also given rise to the gig economy. In such a scenario, leadership is not as easy as it seems. This is when HR technology comes into the picture.
According to a research, around 44 percent of managers prefer cloud solutions to boost productivity, while 35 percent see cloud as a way to cut down costs.
HR tech can promote easier access to leaders as well as improve one-to-one relationships that are now critical to determining the competency of employees.
Also, new-age HR software also enables top-down communication, which has become more crucial than ever before. It is a necessity today to make sure that every working individual in the organization is valued/taken care of through an open and transparent communication framework.
Looking back at 2021 and forward into 2022
Just like 2020, the year 2021 was also a year full of a host of transitions. The coronavirus that resulted in worldwide lockdowns loosened its grips, thereby allowing people to feel some sort of normalcy again.
Here are the top three things that happened in 2021:
- In the beginning of last year, employees started returning to their offices. Some still preferred to work from home or in a hybrid model.
- The technologies and methods businesses used to tide over the pandemic initially, undoubtedly, altered lives in 2021. As a result, employers are now forced to rethink the nature of productivity and at the same time, implement technological advancements that allow employees to collaborate, learn and work more efficiently.
- Although many people were hesitant to vaccinate last year, vaccination rates improved and rose along the way.
If the Omicron Variant does not spread, we can finally consider a post-Covid world. In that case, companies can check for fully-vaccinated working individuals and allow them to work from the office. Employers can even embrace the already popular hybrid model that has kept many businesses afloat in 2021.
As we flip the calendar and step into 2022, all the trends that were designed and practiced in 2021 are expected to continue in this year as well.
In addition, it is beyond doubt that the hybrid work model is here to stay. That means more and more companies will take a step ahead and incline towards digitalization in 2022.
Let’s face it, learnings from the last year will strengthen the system and operation this year, leading to the adoption of more effective, personalized, and digitized systems.
We hope this blog was a great read for you and helped you understand the future of HR tech.
As organizations figure out whether employees really want to return to the office and how the hybrid model can be successfully implemented, the current HR trends will continue impacting business ideas in the coming times.
Also, businesses that will rely on modern technology at the right time will only be able to offer an exceptional employee experience, considering mental, financial, and physical well-being at the core.
Adoption of HR tech for the reasons mentioned above will shortly extend and become a business priority for most organizations out there.
Remember that HR technology can promote/create a culture of diversity and inclusiveness rather than dehumanizing the current workforce. Now, this is where humans are required to pull their socks up and upskill themselves to move forward with empathy and rely on technology not only for information but also for what it entails for every individual.