HR is an integral part of every organization and therefore plays an instrumental role in its success. Nowadays, companies are investing judiciously in their employees as their value cannot be underestimated when it comes to the growth of an organization. Undoubtedly, employees are the real assets of any organization, and therefore reshaping the HR market has become the need of the hour in order to retain a competent workforce for longer.
Therefore, detailed research on the latest HR trends has become indispensable for any organization. Here is a list of the top trends that have tremendous potential to reshape the HR market. After all, having competent employees is a necessity for every organization. All you need is a few of the right hacks to be able to learn the intricacies of the HR market.
“Human Resources isn’t a thing we do. It is the thing that runs our business.” – Steve Wynn.
1. Various Performance Management Mechanisms
With dynamic business environments and stiff competition in the market, there has recently been a shift in handling customer grievances. With an ultimately “always on” feedback system, organizations are exploring advanced ways of solving customer problems much more efficiently. This changing business model has encouraged Platform as a Service (PaaS) frameworks and other such options, which are more customer oriented. With every organization aiming for perfection, this change is definitely imminent. Such effective performance management mechanisms can be fruitful for the employees as well as the assessors.
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2. Managing the Workforce Efficiently
What needs to be realized is the fact that each and every employee is important to an organization. Therefore, integrating them into the workplace and providing them with a cordial work environment should be the ultimate goal of HR. Incentives should not be confined to selective positions or employees; an organization should also strive for equality among the all the employees associated with it. Demands and expectations of each employee can be considered on an individual level to ensure their ultimate satisfaction.
3. Use of Technology
Technology can bring about substantial changes in the role of HR departments. The HR market is all about efficiently tapping the available resources for effective results. With increasing the use of technology, employee concerns can be handled via video calls and thus provide excellent service with little effort. Paradigms like the Cloud have proved to be immensely successful in this area of the hi-tech world. A company in Auckland started a new trend of solving employees’ issues through video calling and drop-down messages. They also use Skype conversation for the employee exit interviews. The point is to use HR technology to its best effect, giving employees a feeling of advancement along the way.
4. New Learning Techniques
Learning should be a continuous process and organizations can switch to a plethora of channels and devices for making content accessible. On-the-job learning has become a new trend, in which interactive sessions help employees understand core concepts better. This innovative step forward can to some extent bridge the gap between management systems and employees.
5. Effective Recruitment Processes
Selecting the right employees for any position in an organization has always been challenging and tedious. Changes in the digital age have made organizations even more skeptical regarding their choices when it comes to choosing the best team for the organization. Platforms like LinkedIn have received an overwhelming response and are being embraced with open arms. Hence, HR needs to be adaptable to such changes and open to new recruitment strategies, so as to keep up with new market trends. Applicant tracking systems are intelligently changing the recruitment process, helping organizations get the right employees for the required posts.
6. Analytics and Talent Management
Organizations are now turning to techniques like analytics for improvised results that can be fruitful for the organization. This basically involves analyzing various patterns of human behavior to be able to respond to employees accurately. The HR market can thus utilize their human resources in the best possible way.
7. Role of Social Media
Social media can play an important role in covering various organizational risks relating to HR systems. It can act as a bridge between employees and their creative abilities, as use of social media platforms accelerates the exchange of ideas and information. The perfect blend of knowledge sharing, employee engagement and innovation can be of immense importance to the organization. A well-known company in USA has started a trend by sharing the company activity with the world. Appreciation from all around the world of their activities and company culture makes these employees proud to be part of their firm.
In a nutshell, the HR market must shape itself according to developments in the technological world, so that it can cope with changing business strategies. In the end, an organization needs to strive for perfection by incorporating the right technological processes and tapping the full potential of its human resources. In the end, it’s your employees who are responsible for the ultimate success of the business. Therefore, the right steps in this direction can help organizations to manage their workforce effectively.
Fretty Francis is currently a Software Analyst at SoftwareSuggest.
She is passionate about HR, performance management and CRM, among other things. In her free time you can find her either reading about tech stuff or listening to music.