We live in a constantly evolving era of innovation and change, and this is no different when it comes to the Human Resources. However, to keep up with HR innovations and the latest HR trends in 2020 while managing your daily work is an exhaustive task.
In this blog, we will discuss a summarized picture of the latest Human Resource trends that are driving efficiency at the organizational level.
Read on to navigate through the popular topics within HR today.
Artificial Intelligence meets Human Resources
There are many simple AI applications available today for the recruitment and hiring process. They are useful in reducing recruitment timelines and also help in candidate screening. The experts believe that AI is helping to predict when to start hiring people for a specific department and not end up with any unfulfilled positions during critical times.
With AI in place, the HR operations run very smoothly, and people get more done instead of drowning in paperwork. Artificial Intelligence is capable of tracking operations to help HR remain on top of things and create valuable insights by suggesting actionable strategies based on data. With the beginning of 2020, the companies around the world, big and small, have started to use AI in Human Resources extensively.
Strategic Thinking is In-House HR’s New Core Competence
Recently, a report by the Economic Intelligence revealed why C-suite executives partner with HR to drive growth. In support of that, many experts mentioned that HR needs to increase its strategic value to the business. This includes HR’s ability to make accurate projections depending on understanding the business goals and using metrics that are more than just lagging indicators.
With the beginning of 2020, experts believe that this strategic role could never be outsourced. This planning requires in-house expertise. With such a development in Human Resources, there are new job titles created, and HR professionals are soon transforming into HR Business Professionals who not only understand HR implications but also know what business operations and strategies are.
To Manage a Remote Workforce is the New Norm
Without any doubt, most Human Resources departments are increasingly tackling the challenge of managing a remote workforce. The experts have pointed out that companies should leverage employees where and when they are most productive and impactful – even if it means that they are present in the other corners of the world.
But, remote management is not a skill you can pick up and follow. It is a growing challenge to HR managers who need to become better at managing people at a distance.
Hence, education and development of resources in this area is critical. New technologies are now used to analyze work production instead of working time. With that, there are more analytical results, and businesses are expecting HR to produce result-driven performance analysis.
Increasing Focus on Employees
Traditionally, employees have always been seen as a cost rather than appreciated as the most significant source of revenue. By 2020, most of us have realized that nobody has the first-hand experience of a company’s structure, systems, products, and services like the employees. They can not only tell what works and what doesn’t, but they also have the ability to accelerate the changes by getting themselves engaged in the process. Hence, in 2020, the HR department is expected to direct its focus on both employee empowerment and appreciation.
Not HR Generalists, HR Specialists are Back Again
Janine Truitt, Chief Innovations Officer of Talent Think Innovations, said that a cyclical shift is going to happen soon in the HR field. She explained, “Every decade or so, we fluctuate back and forth from the paradigm of the independent contributor/specialist to the generalist practitioner. We were in a ‘generalist’ mode, and now I think the pendulum may be swinging back toward the specialist.”
To put it bluntly: “The designation known as ‘HR generalist’ will soon disappear from the organizations.” There are more specialized roles now, and that is continuing in 2020.The employment landscape has become more involved with changing regulations around employment law and benefit compliance with the Affordable Care Act being one example.
Human Resources is Virtual Reality Driven Now
If we think about the most famous examples of the successful use of Virtual Reality (VR), the use of this technology by The British Army to overcome its recruitment challenges is one. The results of using this technology have been an increase in applications of 65% in the first month the campaign ran, and a rise of 41% in the second month, respectively.
VR is used as a part of the screening process for other hands-on roles too. The tailored VR experiences help select the most efficient candidates pre-interview. Next, when it comes to the interview stage, VR lets candidates demonstrate their practical skills. If a particular role demands a lot of on-the-job training, it can be smart to invest in VR.
In a Nutshell
The year 2020 brings new developments in Human Resources. Today’s HR professionals should keep learning, take risks, and network to remain updated with what’s new in the HR in order to evaluate what’s right for their companies.
If you are an HR professional reading this blog, don’t wait anymore!
Come and join us, you will be a part of one such organization that can develop you to get ahead of the curve; learn about the latest HR trends and your industry, your competitors, and pending legislation that affects the business operations.