HR Chronicles in 2019 The Modern Trends in HR Software |
Posted: May 17, 2019 |
Almost each and every aspect of human life has been influenced by technology and so is the industrial arena. Each and every job profile has changed radically over the course of time but the HR department remains an exception. The pen-paper-calculator has been replaced by the Spreadsheet tools but the complexity of HR profile is growing exponentially. As a matter of fact, the businesses around the globe have considered this situation and dedicated HR technologies have surfaced as the game changers. Cloud-based HR Software solutions are gaining momentum and this article discusses some of the most crucial trends in the HR Software industry in 2019 which will reshape the way businesses function: Single Channel Management and AI-Powered Data Processing:As the businesses are operating from multiple locations and the staff too works from outside the office, there is a need to decentralize the data feeding while centralizing data processing. The cloud-based hr software solutions offer unparalleled accessibility as the user can use the system without any device restriction and on ‘anytime-anywhere’ basis. This data can be processed by AI (Artificial Intelligence) as the amount of data recorded by the HR Software is too enormous to be processed manually. The AI-powered data processing points out the hidden correlations between the parameters influencing the overall profitability. One of the advantages which significantly increases productivity is the transfer of low-level decision making to the cognitive computing technologies such as re-ordering of printer ink cartridges and generating employee utilization reports. The reports generated are more accurate, reliable and accessible on the go without any dependence on executives’ skill and time constraints. Geo-Fencing, Self-Onboarding, and Gamification:The larger company premises require better attendance tracking systems as biometric terminals aren’t feasible at this scale. There are employees in large number with three shifts a day makes attendance tracking complex and thus, Geo-Fencing is the modern solution for addressing the concurrent needs. The employees can use their smart devices to mark their attendance once they have entered the company premises as the Software allows punch only inside the geographical coordinates defined by the administrator. Self-Onboarding modules are the best tools for inductions as the HR can provide new hires with system access. The new joiners can use the system to view company literature, fill the forms and submit proofs as required by the employer. These modules also provide a customized experience as per the job profile. Thus, the cost of inductions is also reduced as a by-product. Gamification is has been used successfully by giants like PwC and Deloitte to drive employee engagement and subsequently improve employee retention in the longer run. These technologies build the employer’s brand as Tech-driven and employee-centric without bothering the finances. RPA, OCR, and Self-Servicing:Most of the job profiles require a lot of documentation and the HR executives need to process documentation from all the departments and that’s where the Robotic Process Automation (RPA) kicks in. The HR Software, with RPA, will read the emails with the title ‘invoice’ and download the attachment. With the use of OCR, the relevant particulars shall are recorded and updated in the accounting software. The HR administrator is later notified about the transaction. Self-servicing is one of the basic necessities in the corporates as the employees are scattered geographically and they work in multiple shifts. Thus, reaching out to every individual staff member isn’t feasible in the first place if not sustainable. The ESS (Employee Self Service) Portals serve as a medium of communication within the organization for addressing queries and official correspondence. The MSS (Managerial Self Service) is used by the managers to process the applications and other administrative tasks related to their subordinates and the formalities associated with their profile. Most of the vendors have aggressively pitched the use of these modern advancements in the HR Tech as they will increase the profitability. These technologies are in the iterative face of deployment in HR Software. The configuration capabilities also define the success of implementing an HR Software. It's one quarter down in 2019 and a lot has changed in the HR Software industry as the cloud-based HR Software has been sporting decision makers to drive efficiency, employee engagement and save money in the process. The Indian businesses have started switching to the cloud-based HR Software and it will prove to be a governing factor in utilizing the workforces. Source: https://factohr.com/hr-software/
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