Technology has grown and evolved exponentially over the past two decades, leading to transformation in nearly every field of practice. Human Resource practice has been no exception. Technology and internet have fundamentally reshaped how the HR industry works.
Today, the HR software technology landscape is valued as a $15 billion market and a one that is exploding with growth and innovation. Organizations across the globe are increasingly adopting enterprise initiatives that bring together resources and provide services at lower cost and with better quality. A number of these factors are coming together to witness a unique transformation in HR organizations around the world.
The following are our perspectives on the HR automations that every organization with a large workforce should implement to optimize their enterprise systems environment and achieve desired levels of organizational goals.
Integrated HR Platforms on Cloud
Cloud solutions and Software as a Service (SaaS) are the next big disruptive technologies. They have successfully been changing how many parts of the business operate and will continue to make an impact on HR services. A recent survey conducted by Information Services Group (ISG) said that more than 70 percent of respondents have implemented or plan to implement HR SaaS within the next two years.
A unified cloud based platform that is designed to deliver a geography based, personalized experience to all categories of employees – be it blue collar employees, white collar employees, contractors, temporary employees or consultants – is where the future lies. The
The cloud based platforms will become a central repository that consolidates information belonging to the various types of workforce, manage and track the stringent labour laws and regulations established by the state and the central governments to administer each category – all in one place.
Productivity Measurement Integrated with HRMS
With the rapidly growing technology space and constantly increasing human resourcing cost, organizations will keep looking for newer ways to optimally use their workforce. A HRMS that is tightly coupled with productivity measurement becomes a key to achieve organizational success. Workforce productivity is the single most powerful measure of return on investment. Productivity is bound to become more than just a buzzword.
Any HRMS that is integrated with smart productivity tracking systems to improve workforce productivity is sure to be a hero among senior executives. The key is to continually improve the ratio between the costs per employee VS. the value generated per employee.
Mobile Solutions and Smart Learning
Making the right investments in learning and development programs has never been more important – or more challenging for HR leaders. A highly-structured, one-size-fits-all learning program will not work for the current day workforce scenario. Individuals are expected to own, self-direct, and control their learning futures which in-turn is helps the overall productivity of the organization.
With the working world becoming more and more mobile friendly, organizations are moving towards adopting on-demand and mobile solutions that make learning opportunities more readily accessible to their employees.
A recently research report by Morgan Stanley stated that India is expected to overtake the US as the second-largest smartphone market by next year with robust annual growth. With smartphone being this extensively available and easy availability of internet data services, only makes it logical to use smartphone for learning, skill development, informal mentoring and coaching.
The need to have a completely automated, enterprise-class, integrated cloud platform to manage all HR related operations which is tightly coupled with employee productivity tracking and measurement is where the future is headed. Smart learning, up-skilling and new skill development will be a key to define the next-gen employees. Easy adaptation of employees to the ever changing industry requirements is what will define the productivity of the organization. Human resource professionals across the world are moving towards automation and integrated platforms - it’s time you do too.