NOVEMBER 2021HR TECH OUTLOOK8Digitalization-- A Transformation in HR and BeyondMany organizations are investing serious money and scarce resources to become digitally mature. While technology is at the heart of this maturation, unless leaders are aware of and act upon everything that makes technology work--people, processes, culture, and mindset--this could be an instance of arrested development.Cultivate a Digital MindsetThere is deep-seated--and quite natural--resistance to change. If resistance is acknowledged and addressed, there's a good likelihood it can be minimized. HR leaders can bring employees on board with digital transformation by recognizing and openly discussing--changes to the culture. Much may be gained, but some things may be lost. A compelling digital vision--actively shared and discussed with employees from the most senior levels of the organization--will generate support for the objective, make the change tangible, and mobilize all functions, including HR.Digitalizing Human ResourcesHCM and emerging technologies such as Cloud and AI have transformed the HR and employee experience and brought cost savings.According to some organizations, HCM returns an average of $9.13 for each $1.00 spent. An initial implementation of cloud-based solutions can cost up to 79 percent less than on-premise solutions. And, savings can reach up to 90 percent on ongoing maintenance.HR leaders involved in critical decision-making processes appreciate the technology that reduces administrative tasks. A SaaS - based solution provides collaborative dashboards, accessible analytics, and substantiated insights. It offers HR the ability to give educated recommendations that improve organizations' performance. Automated reporting and analytics tools Ritu Shrivastav, Senior HR Director, Gilead SciencesByHR leaders involved in critical decision-making processes appreciate the technology that reduces administrative tasksIn MyOpinion
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