Technological Trends in HRM

Human resource departments need to manage all employees’ activities and try to improve their performance. To give a better experience to employees, the HR department started using various technologies like artificial intelligence, cloud-based HR software, digital learning, blockchain, and some other technologies.

• Artificial intelligence is a data-driven technology that is useful for the recruitment process. This technology helps the companies to recruit talents in the markets easily by giving its analysis on candidates. HR managers use this analysis as a reference to recruiting the people.
• Recently, due to COVID-19, companies started a new kind of work structure which is work-from-home. Due to this work structure, the HR department needs to interact with employees more and make them feel comfortable with company work. For this reason, they also started to use various collaborated software applications and connect with them digitally.
• HR managers now started using cloud-based software applications to access the data. By using them they can easily manage the compensation, incentives of employees and make other decisions related to them easily. Using this cloud-based software system, they also manage the onboarding process, training programs of new or old employees in the company.
• Digital learning is one of the recent techniques that HR managers are used to conducting training sessions. They provide various online training sessions and also some online materials to improve the performance of employees.
• Blockchain is a powerful technology that is very useful for the HR department. They can use this technology to conduct background check-ups on the candidates to test whether candidates have any criminal background or not. This blockchain technology provides smart contracts systems that are useful for the HR department when they create contracts with new employees. This blockchain technology mainly handles all financial transactions like payroll functions in the company. This blockchain is a distributed ledger as it will store large amounts of data and keep updating according to it. This blockchain technology provides good security to the data which helps this HR department very much.

Those traditional methods used by human resource departments will take more time to perform and sometimes they will not work efficiently. Due to these modern technologies, the human resource department is able to work more efficiently compared to traditional methods. This technology reduces the work for the human resource department and also provides many insights which are useful to make their work more efficient. In the future, many new technologies will help the human resource department to execute its operations more efficiently.