HR Tech trends that continue into 2023
As organizations and their employees evolve, so do the latest HR technology trends. From enhancing employee experience to hyper-personalization, discover the top three trends that will shape the future of work.
We've already seen some exciting developments in 2023, and we're excited to share our predictions for the trends that will continue to make an impact this year.
TREND ONE: THE EMPLOYEE EXPERIENCE PLATFORM CONTINUES TO RISE
The Employee Experience Platform (EXP) has been gaining a lot of attention lately, and for good reason. Companies are starting to realise that taking care of their employees is just as important as making a profit. EXPs are digital platforms that centralise employee resources like benefits information, training materials, and communication tools. By making everything easily accessible and personalised, EXPs can boost engagement, productivity, and retention rates. Plus, with technology advancing all the time, we can expect even more companies to hop on board the EXP train.
But wait, there's more! Using an EXP can actually save a company time and money by automating tasks that would otherwise be done manually. By creating a more user-friendly experience for employees, businesses can increase their bottom line and stay competitive in the marketplace.
And that's not all. EXPs also collect data on employee engagement and satisfaction in real-time. This means companies can quickly address any issues and make data-driven decisions to improve the employee experience. By being proactive about employee well-being, businesses can create a positive workplace culture that everyone will love.
Finally, as more and more people demand remote work and flexible schedules, EXPs are becoming essential tools. By providing a central hub for communication and collaboration, remote workers can stay connected and feel like they're part of a community no matter where they are.
Overall, the Employee Experience Platform is a game-changer for both employees and employers. With more and more companies prioritizing employee satisfaction and engagement, we can expect to see even more innovation and growth in this space.
TREND TWO: HYPER-PERSONALISATION IN HR
Move over one-size-fits-all HR programs and policies, hyper-personalisation is the new trend that's taking the field of human resources (HR) by storm. With technology, data analytics, and artificial intelligence, HR can now tailor experiences that cater to the specific needs, preferences, and goals of each employee.
One of the key benefits of personalisation is that it can help create a more inclusive workplace culture. By understanding each employee's unique needs and preferences, HR can make sure that everyone feels valued and supported. This can include providing accommodations for employees with disabilities, offering flexible work arrangements to accommodate caregiving responsibilities, and creating a welcoming environment for employees from diverse backgrounds
The result? Increased employee engagement and satisfaction, leading to improved productivity, higher retention rates, and a stronger company culture. And let's not forget about the ethics and transparency involved in using these powerful tools - it's important to be clear about data collection and usage, and to ensure that employees have control over their own data.
TREND THREE: ENHANCING SKILLS DEVELOPMENT
The world of work is changing constantly and so are employees. They are always on the lookout to develop new skills and improve their existing ones. The HR teams are also shifting their focus from academic qualifications to skills. The European Union has even set 2023 as the Year of Skills, highlighting the emerging skills gaps. But guess what? Shockingly, one in three European workers lack digital skills and 77% of EU companies are struggling to find skilled workers.
Now, investing in a skills-first mindset, upskilling, and reskilling employees not only improves the employee experience but also benefits the business. By doing so, companies can attract and retain top talent, drive engagement and performance. The Harvard Business Review calls this approach "quiet hiring," a strategic response to the "quiet quitting" trend of 2022, where disengaged and exhausted employees worked-to-rule.
And with the help of HR tech, you can create learning paths, employee development plans, and mentorship schemes that can help employees enhance their skill set to meet work demands. In turn, HR leaders can strengthen the company's talent pool.
Let's face it, the past few years have been tough for all of us, resulting in increased stress and disconnection. Let’s make the most of these developments in HR technology can help HR teams support employee well-being, skill development, diversity, and security.