Top innovations in HR tech for 2023

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Amidst the ongoing pandemic, HR technology continues serving as the key asset for HR leaders. The ability to deliver information to a remote workforce is made simpler when the right digital communication channels are in proper place. Small-scale businesses might also realize that it is the right time to capitalize on the latest HR tech trends while upgrading their systems to be compliant with related regulations and laws of employment. It is also crucial for the HR teams to track time effectively while processing payroll and maintaining employee information. 

For large-scale corporate structures, rapid advances in HR tech are helping modern HR leaders become highly engaged in the respective strategic objectives of the company. As per a study report, it is estimated that 98 percent of Human Resources leaders report that the ongoing pandemic has transformed their roles significantly. With existing transformation, it is imperative to ensure critical focus on HR technology as HR tech continues emerging as the primary focus for modern HR professionals.

What is HR Technology?

The broad term includes support for a wide range of complex business operations -including time & attendance, payroll, talent acquisition, benefits, and so more, served by some software solution or other technology with respect to Human Resources. From the latest generation of employee self-service to consistent learning tools, the utilization of technology in the field of HR management permits professionals to practice a strategic role within the organization. 

What are the Latest HR Tech Trends 2023?

A wide range of HR-based technologies is helping HR professionals execute as well as manage some of the leading HR challenges. Moreover, it is assumed that more such technologies will emerge in the future. Some of the latest HR tech trends 2023 to look out for are:

#Increased Emphasis on Employee Safety, Wellness, and Support

A major trend in modern HR technology is related to employee wellness, support, and safety. When you provide employees with a healthy and safe working environment, it becomes vital to maintaining a consistent and stronger workforce -particularly in the sense of staffing difficulties and labor shortages. 

Specific programs that address work-life balance and employee health are widespread. There is immense momentum developing towards meeting both emotional as well as physical needs of an increasing number of remote workers. 

The overall stress of shifting routines both at home and work might also expedite the need for added resources for improved mental health. Organizations out there can look forward to allocating benefits money towards EAP or Employee Assistance Program. Upon adoption, HR managers can refer employees to the respective benefit. 

Relevant video-based resources like Microsoft Teams, Zoom, and Skype are serving as effective resources to share employee wellness-centric webinars or safety guidelines. Remote workers can be updated through social media feeds on all-new wellness initiatives along with related efforts. 

#Recruitment Getting the AI Boost

AI or Artificial Intelligence continues revolutionizing the Human Resources department quite significantly in recruitment. AI-based operations are changing the manner in which employers come across talent by delivering powerful insights into the capabilities of applicants using a wide range of sources -including their social media activities. 

For instance, organizations make use of AI to analyze different social media shares of a prospective hire. The companies also analyze the facial expressions and sentences of the prospective applicant to observe whether or not the candidate will be a good fit. 

#HR & Cybersecurity Forming a New Bond

With the rapid rise of the concept of work from home, the potential risks of cybersecurity attacks on businesses also rise. Along with increased risks for attack surface, efforts of cybercriminals to damage major businesses, cause chaos, and breach personal data are also increasing at a rapid rate. Due to this, HR professionals are expected to effectively participate in leading cybersecurity initiatives to offer protection to businesses.

HR departments of organizations are expected to collect as well as store personal & sensitive information about all employees. It turns out to be a potential risk with respect to data breach. It turns out to be even more critical when workers in the HR departments are working remotely. 

It is expected out of HR professionals to ensure collaborations with leading IT experts and third-party service providers to ensure that their business data is safe throughout. 

#Unified Employee Management Application

The overall uses of feature-rich HRMS applications can go beyond employee productivity and engagement. Right from monitoring employee productivity to onboarding employees to even closing communication gaps, effective time-tracking, and even more, a single, unified employee management application system is the most efficient method for HR professionals to maintain a track of remote & hybrid employees. 

With unified HR management applications, HR professionals will no longer require to learn multiple new software solutions. On the other hand, they can continue focusing on getting familiar with existing applications for seamless employee management. Moreover, possessing a single location for employee communication will minimize communication barriers along with the loss of vital information. 

#Cloud-based HR

When you have access to a remote team, the HR department of your organization will function remotely as well. This is wherein the role of comprehensive HR platforms in the cloud comes in.

There are many cloud-based HR platforms available in the market, and the top ones include BambooHR with features for applicant tracking, onboarding, time-off tracking, and performance management, Workday – an all-in-one HR and finance platform that provides features such as talent management, payroll, and benefits administration, and Sense HR  which offers cloud-based HR solutions for businesses to manage their HR processes efficiently, including onboarding, employee management, performance tracking, and more.

Sense HR software provides tools and features that enable HR teams to streamline their tasks, increase productivity, and reduce administrative overheads. It is a flexible and scalable solution that can cater to the needs of businesses of all sizes.
No matter what type of business you are there is a wide choice of cloud-based HR to optimize your HR processes.

You can get access to multiple unified HR platforms available out there -including FutureSolve, that help in integrating core, individual aspects of Human Resources management -including time management, payroll, collaborative software solutions, benefits, and onboarding. 

The utilization of cloud-based HR software solutions is gradually becoming the new norm for globally distributed teams. It turns out to be highly scalable. Therefore, it is a great solution for rapidly-growing businesses as it allows HR professionals to function with real-time data.

Conclusion

As rapid changes continue impacting businesses, HR professionals are expected to identify as well as implement solutions that can help in addressing challenges that affect both the organization and the workforce significantly. With FutureSolve, you can learn how seamless HR technology can help your organization.

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