It is undeniable that the COVID-19 pandemic is changing the landscape of business, and its influence will extend well into the future. It is time now to embrace change and be at the forefront of the human capital trends that will have an impact in 2022.
As a result, technological advancements are making us more advanced in every field & the HR tech industry is no exception. There is a lot of promise for the HR technology industry in the near future as a result of its features and benefits for both employers and employees.
Check out what’s on the horizon for HR technology in 2022 that will have a significant impact on the workplace.
Shortage of talent
As a result of a talent shortage, attracting and retaining employees is becoming more challenging in various industries. The war for talent will continue to challenge companies and recruitment agencies as the market becomes more competitive. As remote work becomes more prevalent, many companies are using it by incorporating 100% remote work into their offers to attract candidates. As a result, companies that follow hybrid or roaster methodologies and need the formal office touch are finding it harder to retain talent. Here, employers must implement a more proactive approach to employee recruitment and retention, emphasizing both on compensation as well as physical & mental health benefits, flexible work arrangements, and enhanced employee engagement initiatives.
Working on a hybrid model
Many businesses now require employees to work from home as a matter of course instead of an enticing benefit. Consequently, work/life balance has become a more significant factor in measuring job satisfaction. Many employers have realized that remote/hybrid strategies can contribute to efficiency and cost reduction, and these are gelling so well into productivity remotely. Businesses continue to implement policies and procedures that facilitate remote work in the long run. Since it is to stay in 2022 as well.
A commitment to diversity and inclusion
Diverse, equal, and inclusive workplaces are becoming more widespread. Research has found that diversity and inclusion, especially at the top of the corporate ladder, contribute to efficiency, productivity, and long-term success. Employees increasingly seek a work environment that promotes diversity and inclusion. In order to attract and retain talent from diverse backgrounds, companies must evaluate their recruiting methods and implement a strategy to involve a diverse workforce, including LGBTQ employees.
Learning and Development
Talent development and retention will be a substantial issue in 2022 because of a resource crunch and because many companies cut their workforce during the pandemic. In order to be competitive, a company’s strategy should be centered on enhancing employees’ skills and competencies in an ever-changing marketplace. Recruiting and retaining a pool of capable diverse workforces that are dispersed geographically poses new challenges, which is why companies must place a high priority on learning and development. Monitoring employee performance and productivity with advanced technology and encouraging rewards for long-term commitment may assist in employee retention, as well as recognize and cultivate future leaders.
Well-being of Employees
In recent years, the workplace has seen many strides in dealing with mental health, and businesses are becoming increasingly responsible with respect to this particular concern. Initially, work-from-home attracted an abundance of excitement, but eventually, employees became disenchanted. A survey conducted with many recruiters has revealed that employees desire employers that value their well-being, which is why companies need wellness policies in order to recruit and retain top talent. After all, employees spend one-third of their life at work so they truly deserve it.
Artificial Intelligence in Recruitment
The recruitment and staffing industry is now experiencing the rise of Artificial Intelligence. AI has forever changed the way companies hire employees. Recruiters can manage large volumes of applicants more efficiently, create better candidate profiles, and make better hiring decisions as a result of AI. In addition, AI-powered platforms make it much easier for job seekers to identify their ideal jobs, since they can use them to search for employment.
A recruiting team can now learn more about an applicant by simply reviewing their resume than by interviewing them.
By 2023, recruiters are expected to save up to two hours per candidate via artificial intelligence.
It is predicted that HR trends will be driven more by developments in technology and artificial intelligence starting in 2022. By investing in innovative solutions that offer efficiency and productivity, HR professionals can create an employee-focused culture by staying up-to-date with the latest advancements in technology.