The enormous worldwide magnitude of the coronavirus pandemic has led to disruption becoming the new norm in several aspects of life. It is no news that COVID-19 has caused a notable transformation in the way companies carried out operations, particularly human resources. One good thing that happened after the outbreak of this pandemic is businesses expediting their use of HR tech and finding new ways to maximize its value.
We all are well aware of the fact that the lockdown has signaled a paradigm shift to what is now called the “new normal”- a sudden shift from offices to virtual workplaces. This, in turn, has increased the need for HR digitalization that was never seen before this health crisis. As a result, more and more businesses in India are now relying on automated software for HR management.
All that said, let’s dive into the blog and discuss three major changes businesses may witness in human resources in the coming times.
As per a recent study, 66% of companies have postponed or canceled their hiring schedules, while 30% have cut down their hiring headcount budget. Additionally, to overcome the lack of physical collaboration, a good number of companies are now using innovative tools such as HR systems.
It is high time for companies to re-imagine their routine operations, especially their hiring practices, in order to face the present crisis while also planning for the future. It is no news that leaders are already seeking automated tools that help them to adapt to the paradigm transformation that has led to new ways of working and evolving job positions. Once human resources slowly start to turn to artificial intelligence to digitize its processes, things will surely begin to open up and shift.
The Increased Importance of HR’s Role in Companies
Gone are the days when HR was only comprised of employee onboarding and hiring new employees. While the lockdown was like a well-deserved break at the beginning, it gradually had a negative impact on employee morale after months of quarantine. HR executives across India have had to cope with increased cases of employee mental health issues. As a result, HR became responsible for several new things such as supporting employees, making their communication more interactive, checking in on every employee on a daily basis, and more.
Here also, technology played a vital role in aiding HR professionals to manage their people during such testing times. Automated software for HR management has helped HRs to get in touch with employees, give and receive feedback in real-time, monitoring their performance, engaging them, and much more. Truth be told, HRs made peace with the fact that outdated tools are inefficient to maintain employee engagement in a virtual working environment.
AI will Revolutionize The Future of HR Management
The business world will slowly witness a dynamic shift from conventional HR processes to tech-based operations as HR becomes more dependent on technology to manage personnel. As per various experts, companies will see this change in the future decade, to the point where new and previously unknown HR professions will become prominent by 2030. AI is already been widely used in India and there is no doubt that it will change the whole concept of HRM in the coming years.
So, these are the top three HR-related changes that companies will see in the future.
We have come to the conclusion that technology will play a big role in HR in the future than it does now and this pandemic has served as a rehearsal for the future of human resources management.