The future of Human Resource in the Digital Era
Digitization is influencing all the sectors while creating a pool of challenges and opportunities for all. Cloud and mobile computing, artificial intelligence, automation tools and real-time tracking applications are facilitating businesses to increase their efficiency while dealing with the technical requirements of the age. According to a survey of CEOs conducted by Fortune, 67% of the CEOs feel their company is a ‘technology company’. On the same lines, HR leaders such as Diane Gherson at IBM, and Susan Peters at General Electric, are adapting to latest digital technologies to create a human centric working culture that is personalized, compelling, and memorable. HR consultants need to focus on these trends and explore ways to cope up with the change.
Know the trends that are changing today’s HR industry
According to a recent report on HR Strategy and Planning Excellence*, here are some valuable insights on the four major trends influencing the HR sector as a whole.
- Doing Good Business is Good Business In 2018.
With the rising focus on the importance of culture, reputation and socially responsible technology engagement, Human Resource consultants are advocating employee centricity and reputation building as the center of business. This includes a majority of focus on their presence on social media platforms and how they effectively utilize their data, keeping the cultural and societal norms intact. This has increased another level of complexity for the new-age leaders so-as-to utilize the amount of data they get on a daily basis. This arises a need of careful, ethical, compliant and responsible data mining practices to safeguard organizations of all sizes in today’s era.
2- Companies are eliminating bias in the workplace.
Companies across the globe have been eliminating color or gender inequalities and it has been on the top headlines in the previous years. New-age entrepreneurs, HR consulting Companies and those transcending to newer corporate culture promote balanced working environment with more focus on increasing diversity, respect, fostering a culture of innovation and nurturing the teams. HR trends have been evolving and organizations will weigh on valuable and transparent efforts keeping employee esteems intact. This will invite the use of newer technologies to increase transparency and eradicate differences.
3- Companies prefer investments in leadership development
Influence of changing business environment is developing the need and understanding of continuous learning and development in the organizations thriving to deal with the change. They encourage managers to learn and identify ways to direct their teams with precision, and knowledge. The approaches might differ, but the goal will remain the same; to veer away from rigid, traditional working models to more flexible and easily adaptable processes for greater agility, transparency, effectiveness, openness and morale.
4- Health and wellness will be customizable for employees
With rising work-from-home options and flexible working hours, organizations and HR consultants are inviting a culture of mutual benefits. They are focusing beyond the walls of organizational benefits itself. Additionally, conducting regular health checks, diabetes tracking and testing of cancer or other problems are also being supported by companies to ensure well-being of their employees.
HR trends are evolving exponentially, and human resource management is becoming tougher as the corporate culture and its needs are taking the industry by a storm of changing expectations and evolving processes. Previous decade might seem quite fruitful for companies thriving to change however, those who breed a toxic culture will most likely be scrutinized by the smarter and proactive generations of today and tomorrow. The need-of-the-hour for internal HR teams and Human resource consultants is to build newer and stronger strategies with change in process, culture and technologies to foster an environment for employees to grow.
