With the COVID-19 pandemic continuing to impact lives across the globe, organizations have undergone drastic changes in their ways of working. With most of the workforce operating out of their homes, companies are getting used to the concept of remote working.
Posts Tagged Technology
It is reasonable to say that the COVID-19 pandemic that created a health crisis of epic proportions. It is for the first time in recent history that businesses have witnessed such economic after-effects of widespread illness. The pandemic has thrown life out of gear for billions of people globally.
When the COVID-19 pandemic hit the global landscape, it forced organizations to re-assess, re-calibrate and re-align, in order to sustain their businesses. Though this is a challenging scenario, the biggest advantage also appeared in the form of technology. Suddenly remote working was not a benefit that the company provided, but a necessity to maintain business continuity.
In the aftermath of the COVID-19 outbreak, many companies have been laying-off staff to stay in the reckoning. Most of the employees are sacked due to their companies’ need to keep their heads above water rather than performance issues.
The COVID-19 outbreak has hit the global economy rather hard. The world has witnessed a tectonic shift in all aspects of human life - business or personal. The streets are deserted, the corporate hallways are empty, and life as we knew it has come to a standstill.
As the COVID-19 pandemic takes its toll across the globe, major world economies have begun to show signs of being under pressure due to the steep and sudden drop in economic activities.
Trends such as increasing use of technology in hiring, social media recruitment, focus on employer branding, candidate experiences, looking at hitherto under-recognized potential, etc. have transformed hiring in 2019 and will continue to shape the hiring landscape in 2020. Let us take a look at these trends.
The rapid advancements in the technology and communication have ushered in a digital age that is enabling businesses to revolutionize how they function, enhancing their product/ service to meet the needs of the customers, transform employee experiences and so on. One of the main enabling factors is the voluminous data that is allowing businesses to engage in analytics and derive deep, actionable insights.
Data in the digital era
Business and its every facet have changed in leaps and bounds over the past decade or so. Business success was earlier tied only to product/ service optimization in the context of large investments, long timeframes and higher risk associated with investments. Changes (whether to improve the product or the process) could not be made suddenly, not without heavy losses and higher risks. Data from the past history and otherwise was limited and was only used for future predictions.
HR is a field that has always generated large volumes of data. For instance, candidate profiles, recruitment data, career progression data, personal development and review data, appraisal data, employee engagement data, etc. With the rapid advent of technology, it is even possible to analyze and leverage data from social media profiles, emails and so on too (apart from the traditional means) to understand employee sentiment and gather other such insights.
Technology is advancing at an unprecedented rate today. This has led to a drastic evolution within organizations and their various functions. More companies are now expecting human resources function to contribute to revenue and profitability.
As technology makes inroads into the lives of employees more than ever, terms like Internet of Things (IoT), big data and the likes of it have become ubiquitous. The Internet of Things or as it is colloquially called – IoT, is a web of smart devices and sensors connected through the internet and connecting people, their devices and a plethora of information along with it.
Summary: In an era of technological invasiveness, organisations are undergoing a holistic change. Various functions, infrastructure and interactions are now being digitised. And when such a wave of transformation hits, even the hitherto untouched HR function tends to undergo a digital makeover.
Digital business transformation is a thorough shift in the functioning of an organization from the old traditional methods to new digital ones. It involves change in its processes, tools and activities with an aim to improve the overall performance of the business. This digital transformational leap is taken keeping in mind the present and future vision of an organization that wants to stay ahead of the curve with respect to changing technologies and customer aspirations.
Ennui can set in at the workplace very often. No more. Virtual Reality is here to the rescue. The workplace will now be an innovative place. And by the looks of the initial experiments, the possibilities are limitless.
In recent years, e-learning has taken over conventional forms of learning in almost all fields- be it school education, IT application or training programs for HR. It is a more effective and convenient form of learning. In fact cloud-based Learning Management Systems are the best ways to create training modules and course materials as they have a far reach and are cost efficient. Let’s find out the whys, hows and whats about cloud based LMS!
What is Cloud based LMS?
Summary: Just as organizations take special efforts to engage their permanent employees and train them, they have to do the same for their freelance workers. With the gig economy booming like never before, companies need to understand how learning technology can be leveraged best to support and retain gig workers.