Does HR Technology Changing The Way We Operate in HR?
Intelligent HR Technology emerging as a Complete Game Changer for HR Department
From talent management systems to performance management framework, HR technology for employee development is in huge demand these days. With advancements in HR applications, these new systems are becoming a part of the HR strategy.
To build a fast and efficient recruitment system, one needs to have an intelligent HR technology in place. The advantage of such a system is in filtering and selecting relevant applications in no time. This technology helps in mapping the complete cycle from recruitment to selection, making the process smooth and less prone to errors.
The HR technology is helping in conducting deeper analysis of data received via administrative and Management processes. The senior management is also keen in taking decisions after analysing the data received via this route. The need for data analytics is coming from the fact that HR data is now holding equal value against other main stream processes like operations, sales, production and finance. Hence, HR technology is gearing for the future so that such human resource management application helps in doing smarter and intelligent analysis.
Social media is also proving a great support for analysing the market. For large organizations which are managing huge employee database, HR analytics and data management plays a vital role for them. The internal recruitment strategy combined with the power of social media is the next big thing to happen in the human resource management space.
The HR technology solutions can be customised as per the budget of an organization. From cheaper cloud based applications to having the ownership of own internal processes, anything is possible till the time one is clear as to what they want.
With the splurge in the demand of such products and applications, many service providers are developing products which caters to the needs of strategic, administrative and business HR. Developing applications around the following systems holds the key for any HR technology:-
c) Leave Management
d) Salary processing
e) Training and development
f) Performance management
What do you think on the latest development that is happening in the HR technology sphere? Do you consider this as a revolution which will drastically change the way HR department used to act? Do let me know your views on this subject.