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Technology will continue to be HR’s companion as companies capitalize more on technology for recruiting, wellness, performance management, training, and engagement of employees.
FREMONT, CA: The world Human Resource Management (HRM) industry is projected to reach $30 billion by 2025 says the report, which also means the business of creating innovative HR solutions are flourishing. HR, an industry comprising professionals traditionally, overburdened with the complicated processes of managing the lifecycle of every employee, is experiencing a deluge of innovation today. The growth of innovative technology for the workplace mirrors the transformation toward a more holistic employee experience. Learning about the top future HR trends will reveal the following inclinations.
• Employee Engagement
When employees feel valued, their dedication for their duties, coworkers, and companies will also grow, which in turn increases employee retention, performance, and productivity. In future HR departments, teams, and personnel will turn to employee engagement solutions to improve engagement and increase retention. HR teams can use employee engagement software to collect and track feedback from their employees, recognize employee achievements, and promote positive activity. These tools will also draw actionable insights from employee feedback essential for enhancing engagement.
• Corporate Wellness Initiatives
Technology can help firms empower their corporate wellness strategies to include financial and mental health well-being programs. These well-being programs are tailored toward enhancing employee engagement by providing the support employees need to bring out their most present and productive selves. To offer a comprehensive corporate wellness solution, enterprises will increase their budget allocated to it, and focus on acquiring solutions to improve employee access and embrace more digital solutions.
• Improving HR Operations
HR service delivery solutions will help organizations and HR to deal with complex HR operations. They combine service center and help desk technology by standardizing how HR professional delivers services and interact with employees. With the help of AI, one can learn commonly asked questions and prepare automated responses, thereby reducing the time HR personnel needs to spend reviewing and responding to employee requests.
For firms to attract and retain diverse and competitive talent, they will need to increase their spending on HR solutions, which ultimately will push the variety of HR innovations to new limits in the coming years.