There is a remarkable change in HR trends in 2021, as we all are trying to adapt to the remote working setup. Covid-19 undoubtedly has turned the world upside down and has affected all aspects of society, including the corporate business setup.
Although the effect of the pandemic situation was seen in many fields and departments, including the HR department, the world of HR technology has started evolving since 2020. With remote work and virtual onboarding becoming the new normal, the use and importance of HR Tech are becoming more important than ever.
Right from the first interaction with a potential employee, organizations now need to integrate technology seamlessly into daily work to empower them to deliver better performance in a digital workplace.
Technological advancements are bringing the positive change that we require in the HR Department. However, it must still be highlighted that the latest HR Tech trends play a crucial role in decision making and enhancing human resource management.
What Are The Top HR Tech Trends Of 2021?
The following are the top HR tech trends that will reshape the world of HR in 2021 and beyond while impacting the way we work:
HR departments deal with a vast amount of employee data. However, by using big data, HR professionals can obtain deeper insights which allow them to make smarter decisions and predictions about the existing employees and future workforce.
The pandemic situation has resulted in HR departments relying even more on data-driven insights for the decision-making process due to the remote working model. Therefore, organizations can consider applying data analytics to various HR metrics, such as absenteeism, turnover rate, offer acceptance rate and revenue per employee.
Moreover, HR managers can also use these analytics to measure employee productivity and get information on the causes for employee resignation.
Remote Work and Hybrid Work Model
The trend of working from home has become a new normal for organizations across the globe as a result of pandemic and lockdown. It became a primary necessity for people in order to prevent themselves from the deadly virus. Earlier, work from home was an optional work method before it became a requirement for business continuity.
In 2021, the hybrid workplace model is taking over as we slowly start getting back to normalcy. Through this model, employees are provided with the flexibility to work both remotely and from the office. These models are here to stay due to their flexible nature and their own sets of benefits to enhance productivity.
Although the work from home structure has caused many changes in the dynamics of the company and the way it works, It also led to a change in the way HR was designed to monitor and approach employee problems.
From Recruitment to onboarding of employees, every process is now transformed. HR departments have now reinvented their practices like meetings, coordination, and feedback to adjust to the current pandemic situation and the digital work format.
The Power Of AI, Automation And VR
The HR departments today have access to a lot of advanced technologies. However, Artificial Intelligence, Virtual Reality and Robotic Process Automation are now gaining more popularity with their latest advancements.
RPA or Robotic Process Automation, for instance, is making the whole process of onboarding an employee much more accessible. They come with tools that can gather the new employee’s necessary documentation, automatically update the applicant tracking system, thereby saving HR professionals time to focus on higher-value tasks.
On the other hand, AI-powered tools allow employers to hire the best talent for their company and improve candidates experience.
Emphasizing On Upskilling Employees
Although many organizations are striving to survive amidst the current pandemic situation, few resilient companies like ONPASSIVE continue to offer new products and services even in these extraordinary times.
In such cases, the HR teams should ensure to retrain and upskill their employees by providing them with the right kind of training and knowledge required in order to prepare them to handle future challenges. This is one of the most effective approaches to ensure your team has the right kind of expertise to drive business growth.
The Gig Economy Or Workforce Management
Many employees are now opting for the gig system as this system allows for a high degree of independence and autonomy, which contributes to a greater and stronger work-life balance.
In order to deal with this transition from a traditional work environment to remote work, HR professionals and senior management are required to adopt new strategies to motivate and keep their workforce as efficiently as possible.
Technology undoubtedly plays a crucial role in replacing traditional HR practices, and 2021 has been no exception. From continuous approach in performance management to upskilling opportunities within the organization, there have been many improvements in HR practices despite the effect of the pandemic situation.
Many organizations are now using the power of sophisticated technologies like Artificial Intelligence, VR and RPA to screen their candidates. These HR tech trends will continue to transform HR practices in the coming years.