The use of HR analytic tools is on the rise, as HR professionals increasingly analyze workforce data to improve organizational culture and employee productivity, according to the “Global HR Analytics Market (2019-2025)” report offered on ResearchAndMarkets.com.
Indeed, the market is expected to reach $3.9 billion by 2025, rising at a compound annual growth rate of 13.6 percent, the authors forecast.
Organizations that are expanding globally can find themselves facing two major obstacles: HR professionals without international competencies and an overall lack of the knowledge needed to conduct HRM effectively in new locations.
Global and cultural effectiveness has been identified as one of the core competencies in the SHRM Competency Model, yet, according to Harvard Business Review’s “What Separates Great HR Leaders from the Rest,” there is a substantial gap between the ability of top HR leaders to connect their organization to the outside world and the ability of most other HR leaders.
Tech Mahindra on Monday introduced K2, the first Human Resource (HR) Humanoid, for its Noida Special Economic Zone Campus in Uttar Pradesh, after unveiling it in its Hyderabad campus earlier this month.
K2 would take over the routine HR transactions to provide constant assistance to the HR team in creating an enhanced employee experience, the company said in a statement.
K2 leverages state-of-the-art Artificial Intelligence (AI) technology and initiates conversation without any need for wake-up commands.
At its third-annual HR Redefined conference, Namely, a leading HR platform for mid-sized companies, announced it reached more than 1,300 companies now running their people operations on the Namely platform. These organizations employ approximately 250,000 people in 134 countries and all 50 U.S. states and seven territories.
Namely’s client base now includes a broad range of fast-growing businesses in nearly every industry, including companies like ActiveCampaign, Acorns, Drift, EatStreet, Life is Good, Mizzen + Main, OneLogin, Peerfit, SiriusDecisions, and The Motley Fool, as well as Namely partners such as Jobvite, JazzHR, and Greenhouse. Together, these mid-sized organizations use Namely to manage billions of dollars in payroll, with growth of 300 percent since the first HR Redefined conference in 2017.
Did you know that not all HR departments in each office are filled with professional and dedicated people? This may surprise you, but many human resources and employment professionals are plagued by stereotypes, unfounded conclusions, and deceptive practices. Although human resources departments are required to comply with federal, regional/provincial or municipal laws, human resources managers must not disclose what they think or how they carry out the selection process of candidates. There are many secrets the human resources departments that will never tell you, some of which may include getting paid, hiring rules, social media practices and the rest.
Transforming businesses is the top priority for enterprises today and human resource management (HRM) can help achieve this objective. From enabling enterprises in dealing with the ever-changing labor market and adapting to disruptive technologies to handling social and political changes, HRM is key to success. A Gartner 2019 Future of HR Survey outlines some key initiatives for successful business transformation. Here is a lowdown.
Building crucial skills and competencies
For any business to remain at par with technological disruption, it is imperative to develop employee skills. This is one area where HRM can help by shortlisting the right candidates and analyzing the performances of existing ones. By switching employee job profiles for balance and hiring new ones to suit other requirements, HRM can strategically align business objectives. It can also develop ‘connector’ managers who are able to use employee-centric approaches to coach and train employees.
BountyJobs, Inc., provider of a third-party recruiting platform for collaboration between employers and search firms with over $2 billion in placement fees to recruiters and the recruiter marketplace, announced a strategic partnership with HR software provider, BambooHR.
This strategic relationship with BambooHR is the latest in the fast-growing BountyJobs partner network, seeing 500% growth in 2018 and resulting in the largest partner network of any recruitment marketplace. This network connects innovative technology providers focused on improving the way companies recruit, attract and retain talent. This mix of partners has been hand-selected to help support the key constituents of the 2-sided BountyJobs Marketplace; employers and recruiting agencies. The BountyJobs solution can be integrated within any ATS and values the relationships and expertise that partner agencies bring to the table.
While Zoho is predominantly known as a CRM provider, its ever-growing list of applications brings a wide range of functionality to businesses of all sizes. Zoho People, for example, which launched in 2007, combines all of your HR software needs into an all-in-one platform that makes it easy for employees and managers to keep track of everyday schedules, roles, and more.
In addition to all the HR basics you’d expect from software like Zoho People, it also comes with a wide range of additional features that make human resources much simpler. You’ll be able to track, manage, and customize every aspect of your company’s HR department, informing current practices and future decisions.
The biggest leaders in business today understand the importance of investing in themselves. Professional development comes with many benefits that leave a lasting impact on individuals and can ultimately save a failing business. The key is investing wisely in conferences and events that relate to a business’s core challenges.
Those who attend have the opportunity to grow their network and connect with others in their field, gain feedback and knowledge that can be directly applied to their business and form new relationships that can lead to future partnerships and collaborations. The ROI of attending industry conferences are invaluable to the growth of an individual and the positive impact it has on a business.
40 percent of the world’s jobs will be replaced by robots capable of automating tasks, says Kai Fu Lee, one of the leading AI experts and venture capitalists. From simple to complex jobs, there are a number of jobs will become automated.
New technologies are changing how we work, making businesses more efficient, and feeding growth. But its people that develop, improve, and manage these technologies – and take care of areas that can’t be handled by machines. People hold the power of innovation, and harnessing innovation should mean working better with people. As we bring more sophisticated tech into the workplace, HR teams could show us how to do this.