With time, the role of the HR department has changed drastically. Gone are the days when the KRAs of HR teams used to be just screening candidate profiles and hiring them. Today HR teams actively participate in designing and implementing human resource staffing strategies and also come up with policies to manage the existing resources. HR teams deal with the most dynamic organizational resources: humans and must always be on their toes to embrace new and better practices. The way human resources are managed has changed dramatically, over the years. Clearly, with an improvement in technology and the advent of new processes, the HR landscape has undergone a tremendous alteration. In this post, we take a look at some trends that are shaping the future landscape of HR management.
1. HR Teams are Relying on Analytics and Big Data to Take Critical Decisions
HR teams around the world today depend heavily on trends revealed by Analytics and Big Data to take strategic decisions. Professionals study data related to employee performance, payroll expenses, and turnover rate to determine progress and areas of improvement. HR professionals based on their findings, suggest ways to improve productivity and employee engagement.
2. Social Recruiting is on the Rise
More recruiters today are turning to social media to screen and vet candidates. According to a study, almost 70 percent of recruiters today use social media to screen candidates. Using social media as a hiring tool can help shorten the hiring process drastically, therefore, improving candidate experience. Companies today use analytics to identify the most effective hiring channels and attract talents in a cost effective manner.
3. Greater Interaction Between the IT and HR Teams
In the modern HR management landscape, IT and HR are not unrelated functions but depend heavily on each other to streamline business processes. The HR team constantly provides input to the IT department on the HR software that helps with various HR functions such as payroll management, recruiting, and employee benefits management. To avoid the development of irrelevant technology, the IT and HR department must interact continuously and establish a clear channel of communication.
4. Companies are Ditching Annual Reports for Regular Performance Feedbacks
The modern employee is open to feedback and is eager to learn from their mistakes and improve. Studies show that the turnover rates for companies providing regular employee feedback are almost 15 percent lower as compared to organizations that do not review their employees’ performance regularly. 45 Percent of HR leaders think yearly performance reviews do not correctly reflect an employee’s efforts. To help their employees understand the gap between expected and delivered performance, more companies are preferring regular feedbacks to yearly reviews.
Wrap up
The HR management landscape has changed drastically over the years. Take a cue or two from these trends to design policies and processes that can help increase employee engagement. Give more autonomy to your HR team and encourage them to suggest policy changes and ideas to improve business processes.
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