In 2021, a new normal has emerged, pushing organizations to brainstorm ways to thrive in the dynamic business environment. To meet various customer needs, organizations have started looking for hybrid workplaces which involve implementing new software and employees working remotely. Business leaders are searching for efficient HR teams to assist them in the HR Digital Transformation process.
What is the Concept of Human Capital Transformation?
The process of developing strategies that help workforces to reach their optimal potential is known as human capital transformation.
There is a need for strategic plans and investments in human capital, else organizations can fail while transforming digitally. The impact of strategic planning will not give results as expected if your employees resist change.
Top Business Challenges for Organizations
1. Increased Need for Data fluency and Digital Skills
As the world shifted towards remote working, the need for employees to learn entirely new skill sets increased quickly. In order to work from home successfully, employees need proper education and training to use the required tools and technology.
Skills like data security, digital fluency, leadership, automation, and online communication are highly demanded.
2. Talent Shortages and Skills Gaps
Several jobs have evolved a lot due to the rapid digital transformation caused by the onset of Covid 19. As a result, new skill sets are needed for these job roles, leading to the emergence of talent gaps. Organizations need more learning talent to fill emerging talent gaps and reskill their existing workforce
3. A Growing Need for Automation
Business leaders are searching for suitable solutions to automate and streamline their day-to-day tasks. There is always a growing need for automated solutions to increase the efficiency of employees and increase organizational agility.
How HR Leaders are Solving Business Challenges
1. HR Transformation Process
In order to become transformation leaders, organizations need to invest in modern human resources tools and technology for HR transformation. It will make their teams more efficient.
Implementation of unique solutions like the following can help:
1. HR chatbots for quickly answering common questions.
2. Digitizing paperwork to assist remote employees.
3. Learning analytics systems and LMS systems for easy training programs management and learning content optimization.
2. Developing Business Aligned Learning Strategies
Without proper alignment, even training programs of exceptional quality won’t be able to provide a high ROI. Every piece of training that you deliver should back the visions and missions of your organization. So, HR leaders can accumulate data to assist organizations in developing learning strategies that align entirely with their business goals.
3. Remote Friendly Employee Training
It is essential to develop learning programs that offer high-quality experiences to employees and improve their performances. The employees' training programs should be virtually accessible on all devices so that organizations can reach their distributed workforces more easily.
4. Better Onboarding Practices
The ability of an organization to attract and retain talent significantly depends on its employee onboarding practices. HR transformation practices can help organizations to streamline processes.
Final Word
Today the rate of digital transformation has grown substantially. HR Digital Transformation forms a critical part of these processes. Read our blog to know how organizations are looking to build resilience and agility and solve business challenges using transformation strategy.
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