hrtechoutlook

Realizing the value of human workforce in a digital era

By HR Tech Outlook | Monday, August 03, 2020

The gig economy is the future, and it is time to boost the workplace with gig workers. Nearly 40 percent of the workforce in the U.S. now comprises of gig workers who work remotely for at least parts of the working week Organizations today are highly influenced by the gig economy, the need for flexibility, and the growing tech talent gap. Finding and hiring the right talent is a massive challenge for organizations today, but what is more important is the need to prepare for the future. The era of digitalization is sure to bring about significant changes in the near future if it hasn’t happened already. Studies reveal that 80 percent of the world’s digital workforce is still remaining unused. This means the real digital revolution is yet to arrive.

Looking out for the latest trends and solutions

Technology transformation, changing company culture, transforming processes, new skills, emerging new business models, workplace transformation, and, last but not least, changes in policy; these drivers are set to shape the future of work. HR professionals need to stay atop of their game and look out for developments in these drivers.

Top 10 Workforce Management Solution Companies in Europe - 2020The gig economy is the future, and it is time to boost the workplace with gig workers. Nearly 40 percent of the workforce in the U.S. now comprises of gig workers who work remotely for at least parts of the working week. There are various options available to managers today to make the best of their workforce. Company workforce management strategies can be focused on elements such as contingency workforce and human cloud. RPA solutions, hyper-connectivity, cloud computing solutions, voice and facial recognition systems, IoT wearables, and blockchain are all available at their disposal to increase productivity and profitability.

People first, always!

Automation is definitely a great tool to get rid of redundant processes and increase profitability. Also, robots can perform human tasks quicker and more efficiently. However, organizations cannot dismiss the need for people completely or replace them with AI fully. A considerable degree of perfection can be achieved only through human labor. The human factor is what separates a good product from the perfect one.

In most cases, humans have the upper hand over robots and automation devices when it comes to real-time decision making. Humans can think at the moment and do not follow a standard set of procedures that may not be applicable in some instances. Natural human instincts play a significant role in every organization.

See also: Top Robotic Process Automation Consulting/Services Companies

Weekly Brief