Business

Future of HR in fast-changing work environment

Reimagining the scope for Human Resources (HR) in sync with a fast-changing work environment and employee expectations 

As businesses adopt new models and technologies, the workforce is undergoing tremendous metamorphosis which explains how the role of HR is also in flux. HR is integral to the competitiveness, development, sales, leadership and production of businesses. Today, the department is more adept at providing employee-specific solutions and implementation of AI, process automation and cognitive solutions among other advanced technologies to help organisations reinvent.

HR to Optimise Remote Talent Acquisition Strategy

Post-pandemic and with an entire shift in work culture, HR is required to think, engage and operate differently. Amidst the demand for better work flexibilities, organisations also need to chalk out ways remote and / or hybrid hiring practices. The file of strategising new talent acquisition and retention protocols is challenging.

Today, HRs are expected to come up with better solutions to address this challenge with the following steps

Effective forecast

Assure data-driven results

Work for employer branding

Building a smooth pipeline

The protocols should fuel enterprises to exercise new policies and change the way they work.

Implementation of Automated HR Process

The pandemic has triggered the urgency to use automation to replace outdated and traditional tools for better streamlining HR functions. Automation would reduce the occurrence of repetitive and strenuous tasks; eliminate manpower. Besides better accessibility and cost reduction, automation in HR is about time-saving, productivity, security, improved resource allocation and accuracy.

The world is looking forward to more advanced recruitment and employee portal tools, payroll systems, efficient workflow management and employee onboarding and training resources.

Radical Modification in Employee Benefits

Employees today prefer more customised health benefits and a more comfortable, streamlined work environment that allows for paid vacation, mental health services, on-site child care, commuter benefits and reimbursement—all in consonance with a post-pandemic world. Again, the onus is on HRs to redesign the benefits and features available for employee well-being and talent retention. They are expected to recalibrate workplace benefits to improve loyalty, engagement and productivity.

Across industries, HR personnel are also working to come up with better financial wellness by being well-acquainted with financial literacy. The goal is to provide personal financial suggestions and create budgets to make sure a company’s bottom line is not affected.

Predicting challenges, developing interventions, reducing turnover, adhering to transparency, accommodating COVID-related disabilities and ensuring employee training and well-being in compliance are the primary requirements.

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