Technology has revolutionized the human resources industry from hiring the best people to providing employees with opportunities to produce their best work. However, companies that have stayed on top of HR technology trends have realized substantial returns on their investments. While we move post COVID-19, it is expected that HR will continue to improve HR technologies to further enable online learning and career development, feedback and engagement, hiring and onboarding and many other key functions.

Through diverse touch points across the digital and social footprint of the individuals, HR could leverage data points about the employees. The good part is that analyzing these multiple data sources in almost real-time allows the organization to calculate ROI on various employee initiatives and keep a tab on workforce sentiment and organizational productivity. Therefore, all these factors help the HR and C-suite leadership in faster and better-informed decision making and strategy building. In addition, the artificial intelligence and machine learning tools that organizations deploy to understand customer behavior or as predictive analysis of business processes can also predict employee behavior and design effective engagement strategies.

Most importantly, the focus is on a ‘workforce of one’ approach which involves segmenting employees to create customized but standardized people practices for different workforce segments. Moreover, the future of HR will be augmented by digital tools and cutting-edge technology to deliver a personalized and evolved experience for employees. Organizations, for the evolution of its HR function must define their objectives and continuously evaluate their processes and impact on employees to succeed, especially when the business environment is ever-changing with a rapidly changing workforce and evolving expectations and motivations.

It is quite clear that the future of the human resource function lies in its digital transformation. HR must evolve with technology for a future that is both human and digital even though it implies HR connections. However, they can do this by deploying digital platforms for employee engagement, introducing personalized training and skilling programs and using automation and analytics for insights and efficiency. And so, this paradigm shift in HR can happen by embracing digitalization from a system as well as a process standpoint that leads to a cultural transformation within the organization.

Group Futurista is glad to present to you the opportunity to learn more about HR Tech and the benefits it can entail for your business by joining the 'Future of HR Tech for Businesses' virtual summit with revolutionary keynotes, case studies, and an amazing selection of industry-leading speakers who will come together to share their valuable insights.