Introduction
When it comes to Human Resource Management (HRM) software, there's no doubting that it has come a long way since it was first introduced in the 1980s. Today, HRM software is used by a vast number of companies worldwide, to manage everything from recruitment to training, from payroll to benefits. But how does the HR of the future compare to the HR of the present? Let's take a look.
The HR of the Present
The HR of today is all about automation and efficiency. With around 80% of companies now using HRM software, it's clear that this approach is here to stay. In fact, a study conducted by Sierra-Cedar revealed that 44% of companies are planning to increase their investment in HR technology this year alone.
With an increased focus on data-driven decision making, the HR of today is all about analytics. HRM software is used to provide insights into metrics such as retention rates, employee engagement, and time-to-hire. This information is then used to make informed decisions about everything from employee engagement strategies to resource allocation.
The HR of the Future
So, what does the HR of the future look like? Well, as we move into a more remote and flexible working environment, HRM software is likely to become even more important. In fact, research shows that 55% of HR professionals believe that remote work will play a significant role in the future of work.
One area where the HR of the future is likely to differ from the HR of today is in the use of artificial intelligence (AI) and machine learning. By automating repetitive and time-consuming tasks such as scheduling interviews or onboarding, HR teams will be able to focus on more strategic initiatives.
The Comparison
When it comes to comparing the HR of the future to the HR of today, it's clear that the HR of the future is likely to be more focused on automation, analytics, and AI. However, it's important not to overlook the progress that has already been made.
Since the introduction of HRM software, the HR industry has become significantly more efficient and effective. It's also worth noting that the HR of the future is likely to be more flexible and adaptable, as remote working and new technologies continue to shape the workforce.
Conclusion
In conclusion, while the HR of the future is likely to be different from the HR of today, it's important to remember that both play an important role in the world of HRM. By leveraging technology and data, HR teams can make informed decisions, improve efficiency, and create a more engaged and productive workforce.
References
- Sierra-Cedar. "HR Systems Survey". 2021. https://www.sierra-cedar.com/hr-systems-survey-white-paper-download/