Transformations in corporate operations have been taking place for several years, most of which were focused on bringing greater efficiency and profitability to organizations across nearly all verticals. Throughout the corporate arena, technology has been in the driver’s seat of these shifts, leaving no aspect of business untouched.
Throughout 2018 and beyond, several disruptive forces in tech are making waves in human resource departments of companies large and small. Each has its own unique benefits giving organizations the opportunity to work more effectively, manage and attract talent based on business needs, and deliver on its promise to employees in several different areas.
Here are the top ten disruptive HR technology trends happening in 2018.
1. Continuous Performance Management
Companies need a highly engaged workforce at the foundation of operations, regardless of industry or target market. Engaging employees has become a challenge for some, however, given individuals need certain things in place to feel connected with their organization. One way many organizations are tackling the issue of low employee engagement is through continuous performance management software.
With this disruptive technology, companies have the opportunity to share corporate goals and align those with individual employee contributions which helps in creating a more engaging environment. Performance management solutions also offer a comprehensive evaluation and review system for HR departments and management, bringing the appraisal process into the modern age.
2. Cloud-based Systems
Many companies have relied on the same legacy systems for several years, most of which require a combination of on-premise hardware and integrated software. HR departments are now starting to shift toward fully cloud-based systems, given these offer more ease in managing systems and processes in a streamlined, efficient manner.
As technology from cloud-based providers continues to advance, many organizations are committing to this strategy as part of their technology stack moving forward.
3. Career Pathing Software
Another technology helping transform HR functions is career pathing software. With this platform, organizations can take a more systematic approach to career development, and employees are empowered to be more in control over their own career trajectories.
Career pathing systems offer a strategic way to map out job scenarios based on defined competencies for each position, and they can guide employees down the path of professional development over time. The combination of career pathing functions gives employers a more clear-cut vision of skills gaps which can help with promoting internally and external recruitment efforts as well.
4. People Analytics
Big data has been a buzzword in the technology arena for several years now as companies designing software and solutions for businesses are able to collect an impressive amount of information.
In HR, people analytics based on gathered data is becoming more popular. This disruptive technology has the ability to assist in making real-time decisions on hiring, benefits administration, and education needs across an entire organization without the traditional time and energy used by HR staff.
5. Corporate Training
In addition to career pathing capabilities, organizations are jumping on the trend of modernized corporate training tools.
Adding digital platforms for corporate learning and professional development allows employees to improve their current skills or gain new knowledge when, where, and how they want.
HR technology like virtual reality-based learning is currently being developed, while remote online training programs are already being used in many companies worldwide. This trend is expected to continue advancing in 2018 and years to come.
6. Self-service Models
Similar to how training and development tools are being moved to the digital world, HR departments are moving toward more self-service models for a variety of personnel functions.
Using technology to offer methods for employees to engage with their benefits and compensation on their own time, as well as transitioning traditional HR roles to software-based solutions gives companies and their staff more time to focus on other tasks. The self-service model is gaining steam as a strategy for increasing efficiencies in organizations large and small.
7. Artificial Intelligence
Artificial intelligence is a far-reaching technology that is still being developed by many tech firms around the world, but it is making its way to the HR arena now.
The use of AI in human resource management can be seen in the automation low-value tasks, recruiting, evaluations, and benefits administration and service. While artificial intelligence may seem like another buzzword in technology, its ability to streamline functions in HR for the benefit of employees is vast.
Similar to artificial intelligence, the Internet of Things is a commonly heard but widely misunderstood technology disrupting HR. IoT involves interconnected devices that track activity and data and link it back to other devices or software programs, to help individuals and now, companies, gain better understanding of how things work over time.
In HR, IoT connectivity offers an opportunity to gather data on employee productivity, from wellness and benefits use to daily job tasks. As more devices and platforms become connected, companies will see a more prominent shift toward IoT functionality in HR.
9. Mobile Capabilities
Another trend in HR technology is the move toward mobile capabilities. From professional development and training to benefits and compensation, HR departments are adopting tech that allows for more seamless use of mobile devices.
Part of this shift is related to the increase in the number of remote workers across companies, alongside the desire of employees to have always-on, easy access to organizational information and tools. In the year ahead, more companies will focus on adapting current solutions in HR tech for mobile use.
10. Benefits Design and Administration
The design, implementation, and delivery of employee benefits is also undergoing a transformation thanks to updated HR technology. Companies are focused on bringing new, creative benefits to employees through a bevy of software solutions, from financial and physical wellness to paid time off and vacation tracking and scheduling. Several technology solutions are coming into the market to make the process of benefits design and administration easier for HR departments, saving them both time and money.
HR technology comes in a variety of forms, but nearly all companies need to be aware of the most promising trends in the space for this year and beyond. Implementing one or more of these technology solutions can serve as a powerful tool for organizations wanting to modernize their HR functions while increasing employee engagement, productivity, and overall profitability.