As employees continue to expect a more meaningful and multi-faceted approach to compensation, HR teams must leverage new HR technologies to deliver enriching experiences in the workplace. We explore key trends and why they could disrupt core HR functions in 2019.
Most industry analysts and HR practitioners now believe that the larger compensation and benefits paradigm has witnessed a strategic shift. Beyond conventional salary packages, perks, and benefits, employees are looking at a more diversified â€˜experiential’ blueprint.
Today, employees prefer a positive workplace focused on work-life balance and employee wellness, coupled with recognition, acknowledgment, and continuous feedback. Naturally, HR must offer a more holistic and meaningful employee experience powered by easy-to-use solutions and new HR technologies.
Here are the five new HR technologies which carry a transformative potential as we ring in the new year.
1. AI is Here to Stay
Rapidly gaining popularity across industries and verticals, AI will continue to make inroads in everyday HR operations. By using massive amounts of incoming data and machine learning/deep learning, AI can identify trends and enhance decision making. These tools can also automate iterative tasks with greater accuracy and efficiency.
For HR, this has a wide range of impacts; from better employee engagement to removing unconscious bias, from improving employee healthcare to streamlining recruitment, AI has a vast array of application areas. In fact, Machine Learning as a Service (MLaaS) can be embedded within new HR technologies, redefining every HR functionality.
2. VR Will Be Applied for Sexual Harassment Training
Historically, sexual harassment training is a person-to-person module or, at best, a Computer Based Traning (CBT) including slideshows, textual matter, and videos. It’s important to remember that these training methods may not always have the desired impact. This is where VR could make a massive difference.
Morgan Mercer of Vantage Point VR Training is setting the benchmark in this breakthrough technology. This highly immersive platform helps to create real-time simulations, improving a learner’s ability to assimilate prevention techniques as well as boost bystander intervention. Since April 2018, over 2000 people have completed a beta run of the training and as of August 2018, Vantage Point has announced Opens a new window that it has received USD 1.3 million in funding, to further reinforce their efforts.
This is a market that will witness an upward growth trajectory across 2019. Importantly, this new HR technology will also outpace the traditional legacy model of sexual harassment training.
3. Augmented Analytics Will Become Increasingly Relevant
An emerging technological tool, augmented analytics is geared to offer HR teams the ability to analyze people data in a more user-friendly way and arrive at deeper insights. In several ways, augmented analytics is the next wave of disruption in the data analytics space, automating insights by using natural language generation and machine learning.
An augmented analytics framework can also automatically sift through a company’s data reservoirs, cleanse the information, assess it, and finally offer clear action points or steps for HR teams, with minimal supervision from a data specialist.
As HR leaders begin to expand and amplify their capabilities and team size, data will play a vital role. This is where augmented analytics can prove to be a major differentiator. HR technology leader Workday explainsOpens a new window Â (Click here to read Announcing Workday People Analytics: Leveraging the Strength of AI, Machine Learning, and Augmented Analytics) why: â€œAmidst all of this data, we knew there had to be a better way to put high-value information into the hands of executives. To solve this, we leveraged augmented analytics, which brings together a number of AI capabilities applied to enterprise problems.â€ Released in October of this year, Workday’s People Analytics taps into the game-changing potential of this new HR technology.
4. Visual Storytelling Will Be a Hiring Norm
So far underutilized, visual storytelling will find prominence and extensive application in 2019. This is because, in a highly competitive job market, HR teams will have to find new ways to locate and engage with the best talent out there.
For instance, a report by Glassdoor suggests Opens a new window that job postings with video attachments witness a 12% increase in viewership as against those without videos. Further, companies are said to have seen an upswing of 34% in completed applications, when videos are added to a job post.
Clearly, 2019 will see a marked attempt at leveraging new media tools and channels, for smarter recruitment.
5. Intelligent Self-Service Tools Will be Everywhere
Improving external and internal stakeholder experiences is now a key element of any company’s core business objectives. By using effective digital HR solutions like self-service HRMS, companies can offer employees the ability to manage and complete their tasks at their own pace, with better productivity levels.
Automated self-service tools will be among the top new HR technologies across 2019; this will reduce dependencies on HR teams for everyday tasks such as leave, attendance, and holiday management.
There you have it; these trends will inspire new HR technologies in 2019. Remember, in this landscape HR leaders must become â€˜collaboration & synergy experts’, bringing together the best in human skills with state-of-the-art digitization to create a vibrant workplace.
What are the new HR technologies on your radar for 2019? Join the discussion and share your thoughts in the comments below.