The latest technological advances and their benefits in the world of HRMS

The latest technological advances and their benefits in the world of HRMS

  • By Mr. Vijay Yalamanchili, Founder & CEO, Keka

Becoming an indispensable part of our lives, technology has taken a leading place in the world. All industries today are witnessing the value that technology holds; so much so that nothing remains untouched by it.

Be it a start-up, a mid-level company or an MNC – in every structure and working model we can see the shadow of technology. Nowadays, companies that keep up with all the technological updates have an edge over their competitors. Apart from formulating growth strategies and forecasting, technology also helps in forming realistic goals and finding ways to achieve them.

Over time, many technological advances have been introduced. Not only did they make things more cost and time efficient, but they also helped make things much more convenient. Several menial and mundane jobs have been taken over by technology. Thus, human capabilities are used in more critical tasks requiring more effort and attention.

One such area where technology is positively transforming everything is human resource management systems (HRMS) in organizations. A human resource management system is an entire framework that organizations use to manage their internal human resource functions.

Many technological advancements have been introduced in this sector to make the system more transparent, convenient and efficient.

For the first time, HR technology has emerged as a major focus for organizations, helping them achieve their goals. If a company is quick enough to adapt to each line of business, HR technology can help identify and leverage the skills of staff members and employees to help the business excel in a new direction.

Recent Technological Advances in HRM:

  1. Increased focus on data analysis

Data analysis is essential to HRM because it helps determine retention and hiring plans. It not only helps in quick and better decision making but also facilitates administrative processes. Data analytics has also played a role in making the normal functions of getting employee feedback and employee surveys smoother, more convenient and transparent.

  1. IoT

IoT, short form for Internet of Things, is defined as a game changer in the HRM sector. It is thanks to the IoT that employers can now access employee performance data. It helps managers simplify the process of evaluation and attestation, making the work related to human resources in the organization more accurate and streamlined. This saves a lot of time and effort.

  1. Cloud-based HR

Cloud computing helps HRM become more structured and systematic. It enables HR managers to streamline and automate data in cumbersome HR processes such as new hire, timesheet submission, feedback, payroll, performance reviews and leave request processes.

It helps to eliminate the tedious and hectic paperwork associated with the core HR functions of a company. This helps make the HR team more responsive. Human Resources now manages and responds to workforce requests from anywhere in the world.

  1. Remote recruitment systems

One of the most exciting roles that technology is playing in human resource management is the automation of recruitment systems. Some companies are also using chatbots for their recruitment process these days. Automated forms or chatbots not only reduce the time spent in the process, but also make the work more accurate and hassle-free. From advertising the job and explaining the job description to ultimately hiring employees, everything can be handled by automated recruiting systems.

  1. Digital tools for cognitive behavioral therapy

The mental health of employees plays an essential role in their performance and makes them more productive and encouraged to give their best.

Cognitive behavioral therapy or digital CBT is a branch of online or blended therapy where treatments and interventions help employees manage their mental symptoms and ultimately ensure their well-being.

Various digital cognitive behavioral therapy tools are available to help organizations keep their employees stress-free and mentally healthy.

  1. HR Tech with Gamification, AI and AR/VR

Companies are using AR and VR technologies to recruit or conduct job interviews, especially for remote or virtual positions. Also, with the growing trend of remote workplaces, training and employee development sessions are also being held online. Due to the same, the requirement for these types of technologies has increased, including the use of HR technologies with gamification, AI and AR/VR for a more effective and realistic approach.

Technology has proven to be the only support system that any organization today needs to succeed. While the pandemic has highlighted its importance and brought it to the surface, several companies have clung to it to survive. This positively impacted all touchpoints – and the HR field was no different. If nothing else, technology has made things easier for HR departments around the world and helped them do a much better job of managing the workplace from their screens in the comfort of their homes.



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The views expressed above are the author’s own.



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