There have been some major advances taken place in the field of HR. Read further to catch up with the latest top trends in HR Development.
As technology advances and best practices change, so does the face of human resources. If you want to work efficiently while recruiting strong candidates and retaining good employees, you need to keep up with the latest innovations. Here are the top trends in HR.
The last decade brought a big change to the HR industry and HR software in particular. The rise of artificial intelligence. The growth of the gig economy. The increased push towards greater diversity. And many other headline disruptors. As we turn the page into 2020 and a new decade, it’s only appropriate to look ahead for a glimpse of which HR trends will continue to drive transformation and which new trends will appear to shape the future.
Technological HR Trends
1. Using Artificial Intelligence
For most companies, their first implementation of AI-based HR tools is in talent acquisition and HR software. Companies that embrace AI will see a significant reduction in time-to-hire, and measurable improvement in the candidate experience.
HR professionals can also use AI to:
- Verify experience and education listed on candidates’ resumes
- Spot behaviors that indicate an employee wants to leave the company
- Manage employee performance
- Answer employees’ HR questions
- Detect anomalies in behavior that could indicate time theft, corruption
2. More Remote Employees
4.7 million people work remotely in the US, and that number has increased exponentially due to the outbreak of COVID-19. With so many people working from home, HR departments face a unique set of challenges. For instance, how do you:
- make employees feel a sense of company community?
- manage employee productivity and morale?
- operate when employees are located in different time zones?
Remote work does have some upsides. In addition, employers save money with remote staff. Fewer in-office employees mean:
- Smaller offices with less overhead
- Fewer office supplies to buy
3. Virtual Team Building
With employees located in different cities, states, and countries, you can’t rely on traditional team building activities. HR professionals have to get creative, offering virtual team building ideas to managers to help teams bond. As more teams work from home, some organizations will figure out how to make [virtual team building] a long term plan. Whether it is using video conferencing tools such as Zoom or Google Meet.
4. Data-Driven Strategies
HR professionals have to make dozens of decisions every day, each one a choice that could potentially change the direction of the company. Using metrics and analytics removes the suppositions, which is why it’s one of the biggest HR trends today. There’s a wealth of information that can be tracked and measured.
Use data-driven HR strategies to:
- Choose candidates based on performance, capability, skillset, and potential to work for you long-term
- Gather insight into how to better engage and motivate employees
- Create training modules that adapt to employees’ learning style and pace
- Find areas of risk in your organization and implement training to address them
Employee-Based HR Trends
5. Management and leadership development
It is evident that the role of managers and leaders is changing dramatically. Managers were previously expected to plan, direct, and control. Now, they must also learn to govern, coach, empower, and lead.
If managers are not trained and developed to embrace and accept the new managerial requirements, they will find it difficult to adapt in a fast-changing business environment. World-class companies need highly talented leaders and managers. It is therefore not surprising that the field of mentoring is popular among leading companies worldwide.
Not only are business partnerships extending across regional, and national borders, but international standards too and are also increasingly becoming the norm. In the modern business environment, companies are obliged to follow the way they conduct business activities with a more external focus.
While production and business standards have been the directive for decades, in recent times the International Standards Organization (ISO) has started to develop international HR standards. Thus, today a focus on global HR is key to business success.
7. Strategic HR Development
The importance of managing HR Development from a strategic point of view has evolved very rapidly over the past five years. The changes in the business environment are so swift and unpredictable that strategic HR must be aligned on a more regular basis, with the typical time span of a strategic plan being reduced from 10 years to 3 years.
This means that strategic HRD plans must be flexible enough to accommodate changes in the environment. In addition, major strategic decisions, such as whether to add any new HR tools for the recruitment or outsource to the recruitment agency, also have to make cost savings and business improvements into consideration.
8. Evaluation of training
Although organizations worldwide neglect the measurement of their education and training efforts, there is an increasing awareness of the importance of evaluating training programs. Particular emphasis is placed on feasibility analysis, cost, and benefits analysis of training, as well as evaluating the return on investment from training.
Companies are focusing more on execution and performance problems when implementing training interventions. Measurement and evaluation form an integral part of all training interventions.
9. Employment equity and diversity training
Various organizations in the United States of America, the United Kingdom, China, and Singapore have embarked on major diversity management initiatives to address these issues.
A holistic approach to diversity management is advocated, one that recognizes a diversity initiative as a process of organizational change that is associated with the acknowledgment of diversity as an important business strategy. The importance of diversity training as an important tool in supporting a diversity initiative and the ultimate goal of employment equity is increasingly emphasized.
In conclusion, the effect of worldwide trends and developments in a competitive business environment will constantly change the role of the HRD function. The top HR trends present opportunities for companies to align organizational learning to the new realities in the broader strategic learning context. Companies are beginning to recognize the need for modern HR professionals in their organizations to keep their human resources and talent management at the cutting edge.
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