Understanding HR/People Analytics
Analytics is not a new trend per se. However, most HR professionals are not using analytics to the extent that they should. Many people managers are still doing things the old way without realizing that by using analytics tools, they can get the most out of the available data in much lesser time and with greater accuracy.
AI and Automation
Modern businesses require a stable foundation to stay a step ahead of the competition – and technology can provide that foundation. In terms of Human Capital, Artificial Intelligence, and Robotic Process Automation (RPA) will play a significant role in streamlining the various HR functions.
Focus on People and Design Strategies to Manage the Evolved Workforce
Please remember that digitalization during Industry 4.0 is not going to take away jobs. Instead, it will take away the labour involved in repetitive tasks and give us more time to concentrate on genuinely value-added strategic work.
Get Certified and Update Your Skills
As various HR functions are becoming automated, professionals must update their skill-set to be in sync with the new way of managing human capital. It includes learning about new technologies like AI, automation and analytics – thereby understanding how to best leverage them to create a better overall strategy for people and business. Besides, certified professionals have better chances of getting promotions and a higher paycheck!
While automation and digitalization are essential, it is crucial to be mindful of the triple bottom line and being socially and environmentally conscious.
Diversity and Inclusion
A workplace which allows everyone to do their best, without any inhibition on account of who they are or where they come from, prosper. Ensuring a diverse and inclusive workforce promotes higher engagement, innovation and success at an organizational as well as a personal level. It allows for an appreciation of different points of view.