The HR industry is undergoing major changes and developments in technology and how we view employees. The expectation from the companies are growing rapidly, and HR departments are striving to retain employees and improve the working culture. The HR sector has a whole new world of possibility to explore reporting and recruiting software, managing employee data and social media at their fingertips.
India is one of the fastest growing smartphone markets in Asia and the market is expected to show double-digit growth. Even the fintech industry in India is at a nascent stage but has been witnessing a steady growth. With such high digital penetration, niche skills are getting a lot of boosts and new avenues are opening for individuals.
The Indian government has been loosening ties with foreign investments and there is more opportunity for international brands to set up in India and work with the talent here. In turn opening job opportunities for the youth here and giving them exposure to working with international brands. The Indian government has been taking considerable measure and provide greater market access for foreign investors. Investments have been on the rise and the startup ecosystem also has been gaining steady pace. India is at an exciting stage and is ready to embrace new skills and talent that would eventually help in the growth of the Indian economy.
Onlooking the transformation in full swing, 2019 will be a year of refinement so that the companies' strategies and philosophies run smoothly. With a host of new innovations & technological changes, recruiters can hope to welcome 2019 with an upturn of new HR Trends that are soon to hit the industry.
Modern Recruiting Technologies - The Rise of AI
AI is no more a fable. It is for real and already in use by many leading firms to hire entry-level positions. AI is soon becoming the buzzword after the popularity of Siri, Alexa, Cortana, and Google Assistant. The use of data and algorithms has been proven effective to reduce biased hires. The long mundane hours of scanning resumes and arranging interviews will find a considerable cut with the use of AI methods.
With the modern recruiting software HR professionals will be able to utilise their time more efficiently and effectively in recruiting the right talent. The software will be able to assist the companies in two key areas: optimization and targeting. Hiring in 2019 will be streamlined and increasingly relied upon the same
In addition to learning management systems that foster better team training and communication, more companies will consider what machine learning and artificial intelligence have to offer. Chatbots and other similar technology will take upon low-level task like scheduling and providing basic information. This will help the HR professional to spend time on other important relationship building activities with employees and candidates.
While a candidate is in the lookout for jobs, it is also important for a company to make the hiring process fruitful provide the candidate with a good hiring experience. Exhausting recruitment processes are a big turn off for candidates and can lead to a company losing out on potential candidates. It is becoming highly competitive to find for individuals who resonate with your brand ethics and understand your brand values. Firms are now opting for more interactive hiring process with the personalized recruitment strategies to ensure their choices of talent and not their competitors.
Niche Talent on the Rise
India has been opening doors to new industries and foreign firms to set up in India. Data privacy, data analytics, research, risk & compliance, Java developers, blockchain and data science are some of the few rising skills in demand. There will be an increase in skilled talent hire.
Most of the elements of people analytics have been widely used to improve day-to-day operations. However, people are having the obstacle of data integrity as the executives are only having a surface-level understanding of their data. 2019 will bring more understanding and a level of data management that previously didn’t exist in the HR sector. This will help executives to become more educated about how to use their data, additional positions in data management that may appear.
Hiring on attitudes and behaviours rather than qualifications
The competency-based interview is soon becoming a custom for organisations. The candidate should have both soft skills, attitude and behaviour with a drive to learn the new technical skills.
Technology with a focused strategy is going to redefine the HR industry. To streamline the hiring process and make it more efficient companies need to employ to new age methods. Nowadays it is not enough to just attract good talent but also make your workplace attractive enough for people to want to work for you.
The strength of any company lies in its people. One should never forget that it is the employees and their talent that takes a company to success. It is very important for firms to adopt the best methods and get the right talent further nurturing them to achieve their goals.
Always remember for any accomplishment, in the true words said by Steve Jobs, “The secret of my success is that we have gone to exceptional lengths to hire the best people in the world.”