In order to provide organisations with the best human capital and achieve the best results, human resource management (HR) deals with people. It must also ensure that employees have a better working environment. As we deal with the effect of post-pandemic, businesses are embracing the idea of remote labour more and more. Furthermore, finding, attracting, hiring, and retaining people who work remotely poses serious challenges for HR management internationally. To overcome the difficulties of implementing effective HR functionality remotely, businesses have devised innovative technological trends that are upending traditional HR management techniques. Technology has become crucial to contemporary HR since it is meant to have a significant impact on the hiring process, employee management, and maximising staff skills.
Here are 5 traits of future ready HR tech software that will help enterprises make smart decisions in this ever-changing and ever-challenging workspace.
AI: HR teams can benefit from deep insights and aid with repetitive work from artificial intelligence (AI). The freedom to spend their time serving as the company’s strategic consultants is then granted to HR leaders. In order for HR managers to make educated, data-driven, objective decisions that are supported by automation and intuitive decision-making tools, AI can be employed as an additional layer across HRtech products.
Virtual reality: When workers are working remotely, a virtual environment can help them overcome the obstacles that distance presents. Methods for using VR to conduct meetings and cooperate in a virtual environment made feasible by augmented reality are being developed in order to give employees the impression that they are working productively in a setting that is equivalent to their actual office environment.
Advanced Analytics: Human resource (HR) analytics is the activity of collecting and analysing HR data in order to improve an organization’s workforce performance. This method is one that HR often employs to gather data and compare it to organisational and HR goals. This allows one to quantitatively show how HR initiatives are furthering the goals and strategy of the business. A blockchain-based advanced analytics engine with customizable analytics and DIY reporting capabilities might be used to ensure that HR managers are not constrained to a small number of HR analytics and reporting products.
Microservices on AWS and Kubernetes: AWS’s microservices architecture and Kubernetes’ container technology give the HRtech platform flexibility and scalability. Thanks to microservices, each service may independently scale to meet demand for the application functionality it provides. This enables teams to estimate the cost of a feature, scale their infrastructure requirements properly, and guarantee service availability in the event of a demand spike. The deployment is made easier with Kubernetes.
Node.js: A tech stack is the group of tools a company uses to develop and maintain a project or application. The finest technological stack currently used in the market is Node.js. It provides the industry’s greatest user experience, highest level of serverless architectural compatibility, and real-time communication support.
-By Sumit Sabharwal, CEO of TeamLease HRtech