FREMONT, CA: The workforce model has undergone a paradigm shift, instigating organisations to adopt HR technology in their business strategies. That is, "workforce 4.0" has become a frequent enterprise term in recent times, especially with the thriving prominence of the gig economy across the globe. It is highly considered the most promising and efficacy-driven employment solution for resolving the setbacks in the HR personnel ecosystem of businesses.
A digitised HR module requires careful consideration in the business space, as it holds a crucial role in taming the business profit scale. One such testamental transition is digital paper resumes, in which candidates' curriculum vitae (CV) are now distributed through online channels. The pandemic scenario has fundamentally altered hiring, employment, and onboarding procedures on a large scale. As a result, a digitised or real-time virtual hiring procedure has likely emerged as an efficient source of employment procedures, similar to the physical process, and thus both employers and candidates have desirably adopted digital CV modules.
Generally, a recruitment process is carried out via multiple rounds with candidates, shortlisting the most desirable individuals for the position. Meanwhile, owing to a digitised hiring and employment procedure, the recruitment process has also evolved to include technology-driven procedures like video interviews and online assessments. These evaluations are designed meticulously to check the intelligence of individuals, thereby analysing their ability and problem-solving capability for the job.
Companies often invest in HR portals for effective attendance, payroll, and performance management solutions. This very technique facilitates an induced accuracy in HR processes, enabling a readily available approach. Human resource-driven solutions will undergo further transitions in the coming years, favouring login and other HR applications via mobile devices.
In the current scenario, businesses frequently use biometric recognition or card reader technologies to track employee attendance. In this regard, the future holds promising capabilities in the arena, as innovations such as geo-agnostic technology will be deployed in recognising the employee's location, thereby assisting in marking acute attendance.
The remote working pattern, developed on the grounds of the pandemic, was horizontally considered an efficient work atmosphere and holds a crucial significance in the post-pandemic scenario. Hence, a flexible work model is substantially in effect, favouring the ease with which employees can work at their own pace. This, in turn, proffers increased business productivity and workforce.
Similarly, in the HR sector, employee benefits have emerged as a requirement rather than an option for efficient business retention. With the pandemic encircling the need for sound mental health and work-life balance, facilitating critical employee benefits aids in retaining employees on an efficient note.
