For growth-driven businesses, managing their human resource efficiently is at the center of their business strategy. They build strategic partnerships with HR leaders to nurture their workforce and reduce the complexity in managing them. The HR team keeps employees aligned with the organization’s goals and supports them in every possible way to execute their routine tasks. The HR team ensures that employees feel supported throughout their tenure and grow in a positive work environment. However, the traditional approach is not effective for managing employees in the fast-moving world, and therefore most business organizations rely on HR tech.
HR tech can be very productive in retaining talent and solving their issues proactively. HR Tech is a very broad term, but if you put it in simple words, it is the use of tools or software that enables the HR team to manage their employees efficiently. These tools help the HR team automate routine tasks and make data-driven decisions. It helps the HR team perform various activities from employee payroll, time tracking, compensation and benefits, workforce analytics, employee performance management, etc. Tools that are classified under HR tech include HR software, video conferencing software, talent acquisition, and management software, performance management software, recruitment software, workforce management software, etc. These tools give detailed insights about the employees’ entire lifecycle, which could be very useful **for strengthening the bond between the employees and the organization.
Automated recruitment and hiring processes:
Automation has doubled the efficiency of recruiters. It can be used to check a candidate’s background, filter candidate resumes, schedule interviews, conduct interviews via pre-recorded videos, collect feedback from candidates, etc. HR software can be used to automate the entire recruitment workflow.
HR professionals see great potential in Chatbot, and it can be used in various recruiting tasks such as collecting information from candidates, asking screening questions, ranking candidates based on qualifications, etc. The best part of Chatbots is that they are available for interaction round the clock, and candidates can ask their queries or submit their resumes anytime. Chatbots can even be used to engage passive job seekers by sending them automated text messages or job alerts.
Many organizations use gamification apps for their employees to learn various skills such as team collaboration, team building, work prioritizing, etc. With the advancement in interactive technologies like AR and VR, the trend of gamification is getting quite prominent in organization.
Video interviewing tools
During the pandemic, video conferencing tools have played a critical role in conducting meetings, webinars, and interviews. Some of the video conferencing tools are strictly dedicated to recruiting employees.
HR analytics allow HR managers to make data-driven decisions. It helps HR professionals to tap on metrics like; time to hire the candidates, training expenses on the employee, time and attendance patterns with potential fraudulent activities, human capital risk, employee turnover rate, etc. These metrics can be presented in visual forms and uncover many grey areas of human resources that were not possible earlier. Based on this data, they can plan future strategies for better employee experience and empower the human resource team to make a substantial contribution to business development.
Learning management system
The Covid pandemic forced a significant number of employees to work from home; as a result, many employees were not able to take advantage of various training programs carried out by the organizations. To keep remote workers connected to their training programs, a learning management system can turn out as a useful tool. It helps users in various ways, such as importing videos and content from other platforms, selecting training programs, remote access to online courses, etc. Organizations laced with a knowledge management system can give employees easy access to knowledge resources and improve their performance. The HR team can further contribute to the employees’ knowledge base by implementing the “working out loud” concept in their organization.
With a considerable number of traditional brick-and-mortar offices moving to virtual space, HR professionals seek technology that allows them to perform their routine tasks from anywhere. The cloud-based HR software gives HR professionals the flexibility to perform their work from anywhere.
Time and attendance tracking
Time and attendance tracking is an overwhelming process, and a single error can lead to conflict between admin and employees. It is essential that employee attendance and time are tracked with high accuracy and without any mistakes. Employers can either use a standalone attendance tracking software or HR software with an in-built attendance tracking feature. This software provides real-time data about employees' clock in and clock out and is very useful in managing PTO (Paid Time Off) requests. Dynamic time and attendance software cater to specific needs of companies with a high level of trust, especially those operating in the new normal: hybrid office. Flexible and user-friendly HR software (both web-based and mobile) enhances the employee experience.
A complicated HR process could take an enormous amount of time and increase error rates. By following a standard workflow for the entire HR process, organizations can simplify all human resources-related tasks, eliminate information loss, and reduce error rates. But different organizations have different HR policies; thus, business enterprises can invest in the tools that allow them to create a customized workflow based on their business requirements.
Human resources management software offers a centralized approach to managing everything from a single dashboard. Whether it is boosting employee performance or improving retention, the HR software takes complete control of all activities. Users have access to a common database that is updated in real-time. It means all the information is the latest, with zero scopes for data-duplication errors.
Disruptive business trends, economic uncertainty, and high demand for skilled employees put HR professionals under tremendous pressure to attract and manage talented workers. They have to put their best efforts to deliver exceptional employee experience while at the same time, enhancing their productivity. It could be pretty daunting as they have to address employees’ pain points and maintain the synergy between the employees and the organization.
The HR team also has to ensure a seamless hiring process, payroll system, and training programs. But without the right HR tech, it would be difficult for organizations to streamline their HR processes and optimize the employee experience. It enables them to fine-tune their HR activities through its exclusive features such as automation, data analytics performance tracking, remote data access, etc. Organizations are using fine-tuned HR tech solutions to prepare employees for future challenges and, at the same time, mitigate some core issues. If you are planning to implement a robust HR strategy that could future-proof your business and enhance the employees’ engagement level, then invest in the HR-Tech solutions that suit you best.