Change
happens and is happening at an ever-increasing rate. Digital natives
(those who grew up with technology) are forcing companies to re-evaluate how
they operate and manage talent, both now and in the future. You need to ensure
that your company's HR department can keep up and be prepared for the future
like HRMS Software,
AI & Automations. Here are our 6 steps to help your organization
prepare for the future:
1. Understand the needs
of the people in your business in the short, medium and long term
This
is key for all organizations planning for the future. You must identify
what the short, medium and long term needs of your people are. By understanding
what they are, you can start planning your HR strategy and creating a change /
improvement roadmap to achieve your goals. Your business needs can be
influenced by internal and external factors. Ensuring you have a solid
understanding of what your employees need and want, both now and in 5-10 years,
will give you the confidence to invest and plan.
2. Profile the
workforce needed for success now and in the future
Take
a look at your workforce. Segmenting only by age, you are likely to
discover a diverse image. In recent times, there has been significant
growth in the multigenerational workforce. In many organizations, they will
have everything from people who have just dropped out of school or university,
to people who may have passed the traditional retirement age.
Consequently,
each age group has different needs to which human resources must be able to
adapt. The one-size-fits-all approach needs to evolve. More and more
people are entering the workforce later in life, taking careers breaks for
family reasons, or taking sabbaticals. There are also people who work as
adults.
For example, someone in their 70s typically has different human resource needs than someone in their 20s. The 70-year-old may be working to supplement his pension. Therefore, your insurance and tax contributions will be different than a 20-year-old. The younger person may have, for example, student loan contributions deducted from their pay. Your workforce may also be located in different countries, with different work practices and cultures. Technology has enabled people to work collaboratively with coworkers around the world and this is on the rise.
3. Map your HR and
payroll by HRMS, transformation
goals
Creating
a roadmap that shows where you want your organization to be in the next 1, 2,
5, and 10 years can help you focus. They can also help support the overall
strategic direction of your company. Mapping your HR transformation goals and
payroll by HRMS Software
gives everyone a clear vision of where you are headed.
A
great example is having a long-term goal of moving all your HR payroll and
administrative processes to the cloud. By doing this, there are additional
benefits of providing an improved and consistent user experience, as well as
greater efficiency. As we go digital, the complexities we face today, mixing
and matching disparate systems and outdated processes, will be a thing of the
past.
4. Be clear about how
you will reward employees
The
days of paying a basic salary by adding a possible pension as an employee
package seem to be long gone. Today, a package could comprise a basic salary,
stock options, pension, private health insurance, various group insurance
policies, discount vouchers, gym membership, and the list is endless.
Having
the ability to manage and communicate this “total reward package” is very
important in order to attract and retain employees. As the battle for the
best talent intensifies, even more different ways of rewarding employees will
undoubtedly be discovered in the future. To keep up, your systems must be able
to accommodate these new and diverse employee benefit packages. This will
give your HR team the freedom to focus on creating an optimized experience for
employees.
5. Create suitable
physical and virtual environments to attract, retain and grow talent.
What
does a 21st century workplace look like? Too often, it still looks a lot
like the workplace of the 20th century. Open plan offices, over or under
populated. Too hot or too cold. Many travels, making journeys that
they could have avoided if they had worked from home. A key factor in
attracting and retaining talent is being able to create a pleasant work
environment. Be it in the office or in the virtual world. This means
not only having good office furniture and surroundings, but also installing
systems and processes that allow remote work.
Technology
has made remote working easier. Consequently, the virtual work environment
is now as important as the bricks and mortar of a company office. So you
need to make sure that not only your systems and processes are fit for purpose,
but also that your company culture can adapt to this new way of working. The
ability to work flexibly is something many people now take for
granted. People work hours that fit their lifestyle and work
remotely. This gives employees the opportunity to work for companies in
different countries and broadens the recruitment of the talent pool to people
from all geographies.
It
is an important growth area for which your company needs to be prepared to take
advantage of this great opportunity.
6. Assess the impact of HRMS
Software, automation, machine learning, and artificial intelligence.
Anyone
vital to the success of your business - Your employees, customers, and leaders
need access to information. They "need" to have quick answers at
their fingertips, as they are used to in every other element of their lives. Artificial
intelligence finds its true calling in the helpdesk arena. It is
intuitive, responsive, and can answer queries around the clock. Some
people fear that the use of automation and artificial intelligence will lead to
job losses.
Your
organization needs to be prepared for the potential negativity towards
automation in the future. This despite the fact that increased use of
automation and artificial intelligence does not always necessarily lead to job
losses.
There
are many factors that go into the workplace, so it's important to keep an eye
on the horizon as to what the next big thing might be.
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