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The HR landscape is ever-changing and the recruiters must stay updated on the trends present in the market.
FREMONT, CA: The recruitment and HR landscape are always changing. Organizations are continually struggling with the ever-increasing talent pool, changing workforce dynamics, and technological advancements. However, established and emerging HR tech platforms are helping companies tackle these challenges and pushing them toward automation, employee wellbeing, and process efficiency. Presently, organizations are in the midst of a massive demographic and technological shift. Thus, organizations have to be mindful of the following HR tech trends.
1. Augmented Analytics
Tech in HR helps the executives collect vast amounts of data on candidates and employees, but they often struggle with deriving actionable insights from the data. Augmented analytics in a new age smart software that provides a user-friendly way to analyze data and make informed decisions. The automated tool scans the company’s HR data, cleans it, analyzes it, and then converts it into actionable insights that assist the HR department to takes further steps based on it. Augmented analytics help bridge the gap between data and achievable results.
2. Robotic Process Automation
Robotic Process Automation (RPA) automates specific manual processes and removes menial and time-intensive tasks and allows HRs for more strategic roles. The primary objective of an RPA platform is to streamline HR processes and make them efficient. For instance, an RPA platform can handle tasks like gathering documentation, creating employee records, and adding employees to the payroll.
3. Natural Language Processing
Natural Language Processing or NLP allows AI to understand human language and speech, both written and oral. NLP screens resume and cover letters, analyzes speech patterns, and word choices in recorded video interviews or early communication with the candidates via chatbots. NLP is designed to automate repetitive tasks while maintaining a level of humanization.
4. Workforce Planning
Companies are increasingly leveraging HR tech, as there is more insight into mission-critical HR metrics. The HR tech facilitates intelligent workforce planning, which includes calculating turnover rates, forecasting skills requirements, and predicting ROI from recruitment. HR platforms are shifting the emphasis from merely recruiting to a process that helps the company grow. Smart workforce planning has helped organizations fill employment gaps.
Employees’ working in remote locations is the most recent trend, which saves companies a lot of money on infrastructure and transportation costs. On top of that, it gives flexibility to employees to work in an environment most suitable for them. This trend will accelerate in the future as conferencing and collaboration tools are technologically advanced. AI tools can help remote teams prioritize tasks and assist managers track performance.
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