The Future of HR Shared Services

|

article image
Take a look into the way shared services organizations are heading into the future with a three-year adoption outlook, technology spending, having the right HR tech transformation path, plans on replacing HR technologies, how the workforce is going mobile.

Spotlight

Virtual Human Resources

VHR is a Global Recruitment Consultancy providing on-demand recruitment solutions to the Aerospace & Aviation, F1 & Automotive, Engineering & Defense and Marine sectors. VHR acts as an extension of our clients’ Human Resource organizations to provide a seamless recruitment service - delivering not just the person or team of people, but the logistical and relocation support across the world…

OTHER ARTICLES

Reimagining the Post-2020 Employee Experience

Article | June 17, 2020

We currently find ourselves living in rather suddenly altered times. The way we work has dramatically transformed, and all of us have now lived through some form major personal and professional disruption. Even what we must collectively prioritize in our work has shifted dramatically in many cases as well. Organizations are also discovering themselves spending much of their energy managing the consequences of a global pandemic as well as emerging worldwide societal issues, all while coping with a very uncertain and impossible to ignore global economic outlook.

Read More

The Single Biggest Factor in Finding Your Dream Job!

Article | June 17, 2020

I’ve been given the opportunity to speak to a number of high school and college graduating seniors. The one common question from both groups, I get frequently, is “how can I get my dream job?” It’s a simple question, with about one million possible answers. Which makes it a tough question to answer in front of a group. I think I might have found the perfect answer to this question. From Penn State football coach, James Franklin, when asked at a conference how does a graduate assistant move up in the college football coaching ranks: “It comes down to people and opportunities for growth. I always tell people to stay broke for as long as possible. When you have a car payment and other things like that, it becomes a factor. Keeping money out of it allows you to chase your dreams longer.”

Read More
HR PRACTICE

6 Things that will Redefine the Future of HR

Article | June 17, 2020

Fast transforming workplaces mean more focus needs to be placed on human resources and their management. According to current HR tech trends, the future of HR will witness a strategy-driven approach. HR teams are the gatekeepers of an organization’s vision and mission. In 2022, they will also be significant drivers of business outcomes and advance its financial success through human capital management. As workplaces become remote, the world is witnessing several technology-led innovations in HR operations hiring and recruitment. But what are some non-tech transformations that have forced organizations to revisit their workforce management? Integration of the gig economy The normalization of remote work as the primary way to do things has opened the doors for the gig economy to make its way into the mainstream. As organizations become more adept at managing a hybrid workforce, remote workers, including employees, freelancers, and even specialist contractors, can deliver direct services without much interference. With tools to measure productivity and performance, the gig economy is no longer a subset of the job market. Further, organizations embracing the latest HR tech will become simpler,enablingremote workers to collaborate and manage a hybrid workforce of full-time and freelance employees.. Rise in outsourcing Innovations in HR software will also encourage HR to incorporate employee self-service and automation software in turn, enabling independence across the board. In addition, as many roles are outsourced to specialists, HR resources can be capitalized to identify new strategies and put tailored initiatives and policies in place to engage employees and improve their work experience. Cloud HR has further enabled the outsourcing of roles to specialists to perform HR functions like payroll management. With these new developments in the role of HR leaders, outsourcing will become rampant, reducing the cost for in-house HR teams. Employee Wellness at the heart of HR While, traditionally, HR operations focused on capitalizing on the organization’s workforce through performance, employee wellness has proven to be just as critical. In addition, the COVID-19 pandemic amplified uncertainty in its wake. As a result, most employees have to balance the concern for their health and safety with the uncertainty of work. Modern HR management considers these concerns and puts employee wellness at the center of its new policies. People Analytics People management around the globe is shifting towards adopting a more data-driven approach to improve employee experience intelligence. People Analytics is a huge step towards using data to identify, configure, and predict the challenges in HR. “Organizations require insights at everyone’s fingertips, no matter where they are on their digital business journey.” - Mark Palmer, Senior Vice President, Engineering at TIBCO With the integration of Artificial Intelligence (AI) and Machine Learning (ML), this trend will transform the way companies attract, hire, and retain talent. In addition, the use of big data to develop personalized HR and marketing initiatives will lead to improvement in performance management within the organization. Reimagining sustainability and agility In the backdrop of the global health crisis, the importance of resilience and sustainability in business is evident more than ever. Furthermore, HR leaders focusing on faster adaptability improve business outcomes for organizations. Organizations encouraging a culture of listening, ensuring trust, and a sense of security for their employees need to manage employee sentiment with fast decision-making. That is essential during times of crisis. At a point when time is of core essence, HR professionals must be prepared to course-correct quickly and identify new solutions to manage evolving challenges. Emphasis on cybersecurity Digitizing core HR functions and work processes has shed a spotlight on the importance of cybersecurity. As a result, maintaining a robust remote infrastructure will be the number one priority on the lists of both HR and IT teams. Everything, from ‘Work from home’ to information confidentiality policies, have to be reframed to accommodate a mobile workforce. HR leaders might want to take a leaf out of IBM’s book. As a tech giant, IBM’s VP of data, AI, and strategy oversees the HR department’s use of data to enhance employee retention and encourage talent mobility within IBM. This is a significant example of encouraging collaboration between the IT, data, and HR teams to improve human resources management. In a nutshell While HR’s main aim will be to strengthen the organization’s human capital, a foresighted approach have to be adopted. Even though the current scenario makes it impossible to tell for sure, upcoming trends and patterns are helpful inidentifyingwhere HR is headed. In 2025 itself, HR is envisioned to be much different than what it is today. HR leaders will become an integral part of decision-making teams, charting strategies and consequently making business decisions. Frequently Asked Questions What should be the main focus of HR in 2022? HR needs to focus on employee engagement across the organization. In addition, with a hybrid workforce, it is vital to integrate HR tech to improve employee experience at every stage. What is the future of HR tech? Technology in HR will take precedence in administrative functions. This means HR resources can be better utilized to boost people-oriented policies. Using tools like artificial intelligence, machine learning, digital learning and development, an emphasis on creating a culture of digital collaboration is a must-do for all HR teams. Will AI take over HR? No. The HR function may undergo automation and adopt machine learning to identify and predict solutions. However, being a people-oriented process that requires human perception will remain the core of HR for a long time. { "@context": "https://schema.org", "@type": "FAQPage", "mainEntity": [{ "@type": "Question", "name": "What should be the main focus of HR in 2022?", "acceptedAnswer": { "@type": "Answer", "text": "HR needs to focus on employee engagement across the organization. In addition, with a hybrid workforce, it is vital to integrate HR tech to improve employee experience at every stage." } },{ "@type": "Question", "name": "What is the future of HR tech?", "acceptedAnswer": { "@type": "Answer", "text": "Technology in HR will take precedence in administrative functions. This means HR resources can be better utilized to boost people-oriented policies. Using tools like artificial intelligence, machine learning, digital learning and development, an emphasis on creating a culture of digital collaboration is a must-do for all HR teams." } },{ "@type": "Question", "name": "Will AI take over HR?", "acceptedAnswer": { "@type": "Answer", "text": "No. The HR function may undergo automation and adopt machine learning to identify and predict solutions. However, being a people-oriented process that requires human perception will remain the core of HR for a long time." } }] }

Read More

A Mid-Year Check-In: 2020 HR Industry Trends and Insights

Article | June 17, 2020

A lot has happened in 2020! It’s in the nature of HR to change and adapt to the current events that impact our employees. So, what are HR professionals thinking about? What are the top HR trends in 2020? How have things changed since the global pandemic started? We conducted an industry study in the middle of 2020 to answer those questions! We wanted to understand who HR leaders are, what’s changed about their interests, challenges, and responsibilities, and where they find trustworthy information.

Read More

Spotlight

Virtual Human Resources

VHR is a Global Recruitment Consultancy providing on-demand recruitment solutions to the Aerospace & Aviation, F1 & Automotive, Engineering & Defense and Marine sectors. VHR acts as an extension of our clients’ Human Resource organizations to provide a seamless recruitment service - delivering not just the person or team of people, but the logistical and relocation support across the world…

Events