Trends Within HR
It’s no secret that recruiting and retaining talent is a critical component of organizational success. After all, an organization will only be as successful as the collective talent that works there. To foster a more productive workplace, it's important for organizations to effectively leverage cross-generational inclusivity.
Millennial's currently make up about 46% of the current workforce — and research suggests that this number will increase to about 65% by 2020. Although millennial's make up a large portion of the workforce, only 29% are engaged in the workplace and 60% are open to new opportunities. As the millennial generation continues to flood the workforce, it is imperative for companies to edit their HR approach to better engage and retain talent. When companies utilize intelligent automation within HR processes, it allows them to better attract, develop, and retain millennial talent.
Take a look at our latest article to
discover where you can employ automation to improve your overall
recruitment efforts and retention levels!
HR employees are usually buried in transactional work that involves data entry and simple math calculations. This type of work can be done faster, cheaper and more accurately using automation. Intelligent process automation, which includes artificial intelligence and related new technology advances, can help deliver consistent people processes – something that has helped many HR operations teams to track and understand returns more effectively. With this in mind, we took a look at the five largest HR processes that you should be automating.
There's no doubt that a more automated future is coming. Employers predict 17 percent of work will be automated by 2020, compared to about 5 percent in 2014, according to Willis Towers Watson. Automation is also increasingly affecting workforce strategy as it vastly expands the potential of (and expectations for) HR analytics. IA is transforming traditional HR functions such as hiring, training and benefits administration; and the execution of all this change demands a strong HR role.The understanding and use of the power of automation may prove to be the dividing line between those who advance in the field and those who are marginalized and, eventually, automated out of their HR jobs.
As automation takes hold, HR professionals will need to re-examine their organizations' workforces and the mixture of full-time employees, part-time employees, contractors and machines. Recent research suggests that automation has not led to significant reductions in headcount at their organizations, but rather it's being used to expand the ability of existing team members to deliver value. In many cases, it will be a major step forward for HR employees to join or begin the conversation on these workforce-shaping topics, in conjunction with IT, operations and other stakeholders.
The new, next-generation workforce has arrived. And it’s changing the way we work and collaborate—with both humans and bots alike. Deloitte breaks down the who, why, and how behind it all.
It's 2019, which means another year of new opportunities for developments in the HR space. In 2018, the top HR trends included people analytics, passive candidates, employee experience, going digital, the remote workforce, and BYOD (bring your own device). At the time, those trends heavily focused on HR technology. But as the year moved on, four out of the six became top issues for many HR professionals.
View the 2019 trends report to uncover:
- Insights from HR professionals at Facebook, TransUnion, Elkay Manufacturing, Flex, Atrium Health, Beacon Health Options, and Gap, Inc.
- An outlook on HR Technology, company performance, and employee engagement
- How to prepare for the latest trends in the HR Space
- And much more!
Building the employee experience is the next competitive frontier for the majority of companies. In the U.S. alone, employees are quitting their jobs in record numbers and studies have shown the voluntary turnover rate is hovering above 15%. Streamlining work and enhancing the employee experience has become a fundamental imperative for companies as they struggle to maintain a competitive workforce. This article discusses employee experience enrichment through:
- On-boarding with robotic process automation
- Implementing artificial Intelligence in various areas (job candidate interviews, on-boarding with chat bots, learning and development)
- And much more!
Modern companies use social media not only to entertain the target audience and build brand loyalty, but also to recruit new employees. Today, with the help of the chatbots available at Facebook Messenger and other platforms, it’s possible to find and hire perfect candidates faster than ever before.
If you want to take your social media recruitment strategy to the next level, take a look at this article to find out why you should build your own chatbot!
It’s a headline all too familiar to HR professionals: workers fear robots will take their jobs. While there is some genuine fear to be accepted, new research finds many want to start leveraging artificial intelligence in their day-to-day job activities.
HR professionals are also looking to AI to help with Learning and Development, performance management, compensation and payroll, recruiting, and employee benefits. But are they ready for it? HR leaders at Unilever say yes.
Imagine being able to train an employee how to handle a sexual harassment situation, not by lecture, but by making the person an observer of an actual case of sexual harassment. But how do you expose someone to such an uncomfortable situation and not risk their safety? The answer is virtual reality.
While it may sound like something of the future, it is happening now. HR is using this technology to train employees on many different fronts. It’s also being used to recruit and to test the skills of potential employees.