Technological innovation is the revolution that the world is witnessing. Businesses are witnessing huge benefits such as process efficiency and improved productivity – by leveraging technological inventions in routine process and automating the operations.
While the customer-centric operations are using technology to deliver exceptional experience, various support functions such as human resources have turned to technology to automate and streamline key processes including hiring, on-boarding and training.
HR was defined by recruitment and employee engagement, often frustrated with paperwork associated with compliance, hiring and employee information. However, emerging technologies such as artificial intelligence (AI), Robotics, Blockchain and Augmented reality have impacted human resource operations by transforming the key processes such as recruitment, talent management and payroll. While businesses rely on IT storage servers, cloud-based solutions have streamlined the process and reduced the paperwork.
Using HR software to streamline human resource processes can improve productivity and save costs.
Hiring becomes easier
Recruitment is a time-consuming process considering the back-end work. Today, enterprises are leveraging the power of AI to carry the recruitment process, thus resulting in faster, and smarter hiring process. Bots can also assist in the screening process.
From resume screeners to digital job boards and social media to online interviews, HR software has freed recruiters from tactical tasks and enabled them to inculcate soft-skills in a structured manner.
Eliminating mundane tasks
Technology can streamline HR processes such as talent & performance management, payroll and human resource operations moved to cloud to give employees all time access to operations. This made HR functions more accessible, trackable and impactful. Chatbots have replaced support desks, thus answering to common questions made easy.
Analytics for better performance management
Technology has revolutionized the performance management operations by making the entire review process online – from mapping goals to identifying training needs. This has provided access to analytical data such as rating history, grievances and leave details to figure out emerging risk factors. Data-driven analytics help companies stay focused on the organization’s goals.
Making the process cost-effective, and concise
Automating administrative tasks and data management results in 65% savings in time and cost for the HR department. Such cost savings enables HR department to go the tech-way and makes operations efficient and transparent.
Enterprises should realize the appliance of smart technologies in the HR vertical. HR software streamlines the employee lifecycle and helps in building the futuristic workplace.