Top 10 HR Software Trends Reshaping the Future Workforce-Part I

Technological advancements can sometimes become overwhelming for the human resource management department. Constant changes in the business operations and involving workforce demands and expectations, make it daunting for HR personnel to pace up. Therefore, having HRMS software in the business model can help companies pull up their socks and be prepared for the upcoming changes. Our modern HR software enables businesses to cope with the dynamic business landscape and stand tall in the marketplace. 

Unveiling the Top 10 HR Software Trends Shaping Tomorrow’s Workforce

The modern workplace is an ever-evolving landscape and it is extremely challenging for the Human Resources department to adapt to the new challenges and opportunities. The advanced HR software solutions are reshaping the way organizations recruit, manage, and retain talent. From artificial intelligence to blockchain, HR personnel are leveraging these innovative tools to streamline their processes, enhance employee experience, and drive growth. 

Let us have a look at the latest HR software trends that are revolutionizing the future workforce:

1.Generative HR

Generative AI has been ruling every industry and HR tech is no different.  Therefore, even during economic uncertainties, 89 per cent of HRs plan to boost their teaching budgets making it the top investment area. Artificial intelligence (AI) is aggressively moving towards hyper-automation, in areas, such as payroll, attendance, leave, shift, and many more.  The latest example would be AI chatbots, a power tool, greatly enhancing the employee experience. It can instantly provide information to workers and deliver the relevant data to the HR team.  As AI continues to evolve, it is paramount that modern HR software remains adaptable to accommodate these latest solutions or even have them built-in. 

2.Hybrid/Remote Working

The rise of remote working has usurped the adoption rate of advanced HR software solutions that foster collaboration, communication and productivity. From video conferencing platforms to project management tools, HR departments must always be on their toes to leverage the latest technology and support remote/hybrid working. The connected workforce, however, brings its unique challenges and opportunities. According to research by Zippia, 74 per cent of companies are using hybrid/remote working. Now, HRs have to manage people across multiple locations, time zones, and jurisdictions. They must also ensure the well-being of remote working. Nevertheless, the circumstances of the pandemic brought employee well-being under the spotlight.  

Remote work has changed the rules of communication. And for managers and HRs, it’s been challenging to gauge what their employees are working on.  However, using time and attendance software allows HRs to monitor employees’ working hours, leaves, and shifts. 

3.Blockchain for Recruitment 

Blockchain is one of the hot topics for recruiters as it leads to ease in talent acquisition. It has brought revolutionary changes in the HR operations and helped them mitigate risks related to recruitment. According to an IBM report, the blockchain value is expected to have a major impact on Human Resource. Blockchain with AI and other automations, such as HR software help businesses to perform audits, manage data, and perform audits. 

4.Employee Experience Platforms

Employee Experience Platforms (EXPs) are exponentially gaining traction among the employees in terms of satisfaction and productivity. EXPs integrate various HR processes, such as onboarding, training, and performance management. The user experience through a seamless HR software, fosters a positive workplace culture and improves employee retention. 

A report from Josh Bersin states that the demand for employee experience is rising amongst the modern workforce. These software solve the challenges of employees who are located in different parts of the world. The latest mobile-friendly portals have enabled employees to raise requests, clock-in and out, and manage their shifts. These tools are extremely helpful to organizations as they make it easier for the management to track individuals on a single platform. 

5.Inclusive and Diverse Workplace Culture 

After the pandemic, when employees are hired from different parts of the globe, emphasis on inclusivity and diversity became a single point agenda. However, there are still companies that are struggling to embrace it completely. The Director of Inclusion and Diversity at Deloitte believes that inclusive workplace culture is twice as likely to exceed or meet business targets as compared to other companies. As a result, there are a growing number of modern workplaces that have adopted the DIE (Diversity, Inclusivity, and Equality) approach to acquire more talent.

Conclusion

As we embark on the journey to explore the top HR software trends reshaping the future workforce, we invite you to join us in series to explore the role of technology in transforming the HR department. In the coming installments, we’ll delve deeper into each trend, sharing insights and best practices of how SkizzleHR can help businesses embrace HR software to drive success. Stay tuned for more!

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