This article is the first of four in our Human Capital Management Solution series that analyzes the new role data and HR cloud technology plays in human resources and how it’s preparing departments for the future of working.
In recent years, the way we work has evolved.
The offices in which we work and the way we structure that work, has begun to take new shape. Sterile office environments are a thing of the past. Offices and cubicles are being replaced by more collaborative friendly environments. Hours have become more flexible and job roles more fluid.
Companies are making the workplace more enjoyable and convenient. Children can now be dropped off at the office daycare. Coffee runs are only a few feet away and happy hours have transformed into office camaraderie at the workplace bar.
The future of working is promising, not only for workers but for the companies that employ them. Every industry is seeing a transformation and HR departments everywhere must prepare for one of the most significant corporate culture shifts in modern history
The role of human resources departments has drastically changed over the years. Administrative work, such as scheduling and payroll, has become automated— freeing the department's hands from tedious tasks, allowing HR to transform into a data-driven and strategic powerhouse.
The prevalence of analytics and cloud technology has finally creeped into the world of HR. New technologies are equipping human resources professionals with the necessary information needed to improve the effectiveness of employees, as well as strategize the future of an organization and its workforce.
5 Ways Data and Cloud Technology are Helping HR with the Future of Working:
Recruiting in the cloud
Hiring the talent needed for a company’s future is a daunting task.
Due to the rapid growth of technology, the needed skills for a company’s workforce are constantly evolving and competition for attracting the newest crop of industry talent is steep. Talent acquisition plans must now be created based on concrete data if a company wants to stay ahead of the curve, not a formula involving educated guesses that leave a significant margin for error.
The inclusion of analytics is equipping HR with the information needed to strategically plan for the future workforce of a company. Talent acquisition becomes more strategic and less costly when collecting and analyzing data regarding the current expertise of a workforce. Using data analytics, HR can generate a clear plan of action, identifying skill set gaps and lower costs by rearranging current talent to alternative positions they are better suited for.
The recruiting process also heavily relies on collaboration between recruiters, HR, hiring managers and as of late, peers. As a byproduct of global expansion, communicating and evaluating potential talent results has culminated into an email inbox nightmare.
HR cloud solutions are making it easier than ever to recruit new talent by allowing HR to analyze future talent needs with less effort and higher efficiency. At the same time, they are enabling a streamlined communication process to track discussions on current candidates, anywhere at anytime— making the hiring process shorter and more simple.
Measuring office environments and work life balance
Let’s face it, it’s becoming increasingly difficult to separate work from our personal lives. We email, text, call, tweet, slack and work on our commutes, couches and even when we’re with friends or family. Increasingly, companies are discouraging employees from blurring the lines between work and home. They recognize that not only does it reduce productivity but also leads to higher turnover rates and absences.
Due to our obsession with communication, more and more companies have begun to champion a healthy work-life balance for employees. The standard nine to five’s are rapidly dissipating in lieu of flexible and alternative hours. Vacation days are growing and in some cases becoming unlimited. The promotion of work-life balance is great for brand perception but ultimately it falls down to one question: how will this help me lower cost and increase productivity?
Measuring the success of these policies has landed into the laps of HR. By collecting data, the HR department has the ability to measure productivity levels, turnover rates and overall employee satisfaction after the implementation of new policies or workplace enhancements, such as remote working or office daycares. This information can be a key factor to enhancing culture, reducing turnover and exploding productivity.
Workforce diversity becomes simplified
For greater reasons than public perception and moral obligations, workplace diversity is now essential to success in a globalized world. A diverse workforce propels economic growth and a company’s ability to market itself to consumers, clients and future talent.
A recent report by McKinsey & Company revealed a correlation between a company’s racial and ethnic diversity and its profitability. The study found that companies with larger amounts of diversity in leadership positions were 35 percent more likely to have higher profitability than less diverse organizations.
Using collected employee data, HR has the ability to ensure that talent remains inclusive, diverse and equal across offices around the world.
Onboarding gets rebooted
Onboarding. The word that sends a shiver down the backs of both new employees and human resource officers. Starting a new position is an exciting, yet overwhelming process for all parties involved. With the new culture of collaboration, it is now more vital than ever that efforts stressing a collaborative culture begin from day one and new talent has access to the information needed to succeed in their new positions.
HR Cloud technology champions the new inclusive working environment by simplifying the onboarding process and housing all of the information needed to successfully welcome new hires into the organization. It provides a clear and simplified onboarding plan, not only for HR but for other executives who may need to takeover the hiring process. The solution also initiates team building even before talent arrives on their first day by sending a welcome email from future coworkers and providing access to staff directories.
This new form of onboarding encourages collaboration and increases productivity from day one. It establishes a central location for all unanswered questions and information, while encouraging team morale along the way.
Collaboration and innovation move front and center
Across the world, offices are tearing down the walls that divide employees.
In the digital era, organizations are growing at alarming rates. A company's success now lies in the quest for constant innovation, propelled through collaboration.
Transitioning to a more creative and collaborative culture can be difficult for organizations founded on singular roles and responsibilities. It's fundamental to understand the characteristics of employees when innovation becomes the main driver of long-term development within organizations.
HR departments must prepare by evaluating employees creative, social and technological skills. Known as the Digital & Creative Readiness Assessment this unique evaluation type presents a specific gamification path to candidates, aimed at assessing the technological and creative skills of managers and employees of a business.
These assessments reveal a clear path to innovation discovering a need for talent or technology. In fact, many HR departments discover that the optimal skills may already be present in unexpected roles— revealing a more effective innovation strategy if these people are promoted to more effective positions.