The pandemic has reset almost every business model and has led to newer paradigms in future of work; With virtual working becoming a norm and not an exception, multiple possibilities are emerging, such as companies now having greater access to talent in remote geographies or towns that were not tapped previously. The HR function is also rapidly adapting to this new world and is using digital technology in the process.
In this new era, with fewer in-person interactions, technology will play a crucial role in every aspect of HR. While there are numerous trends, we will focus on a few key ones that are emblematic of the evolving HR landscape, specifically driven by new age technologies.
Virtual talent acquisition
The pandemic has severely restricted people’s interaction and mobility. As a result, recruiters have had difficulty filling positions since many candidates are unavailable to attend face-to-face interviews.
The increasing role of AI
In almost every industry, AI has helped in significantly transforming and streamlining several processes. The same holds true for the HR function too
The role of cloud
Cloud-based HR systems help enterprises implement the latest software in a few minutes. It can automate several processes such as payroll management, talent management and benefits administration.
Technology-enabled performance management
For most enterprises, performance management is a challenging task. Even today, many enterprises do not have a data-driven approach to performance management.