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7 HRMS Trends For 2021

 

7 HRMS Trends For 2021


 

In the age of digitization, where technology is making great strides, companies are forced to adapt to change and respond quickly to new trends in order to be competitive against their competitors.

Human Resources areas do not escape this reality and their strategic role will become more important in the next decade. Trends in the field of people must go in parallel with the social and economic context in which the Latin American region finds itself.

 

“HR managers and their teams must be transforming agents, technology will be the common thread that will guide them. Globalization and the generational impact are some factors to which we must pay attention and act quickly, adjusting the policies of our organizations”, assured Teresa Morales, Director of HCM Soft-land Solutions.

 

For the expert in people management, the following will be the trends that will mark 2021:

 

·         Horizontal hierarchies and work by objectives

 

Work schemes where everyone is part of a team, focused on clear objectives, will allow employees to be more efficient in their work. According to a Gallup analysis, compromised teams are up to 21% more profitable.

 

For Morales, the leaders of the organizations must establish objectives, with deadlines, clear and realistic. Speed, agility and "hunger" with reaching the goal are necessary ingredients for survival and growth.

 

·         Payroll diversification

 

The different generations (generation X, Millennial or generation Z) and their combination in the world of work allow the diversification of new forms of work. According to consulting firm Willis Towers Watson, in the coming years companies hope to reduce the percentage of full-time employees, but they plan to use more workers for short periods.

 

Working hours will be diversified, breaking the 8 or 12-hour work schedule to give way to part-time days, Home Office, flexible hours, etc., so that HR departments must be accompanied by technological tools that allow them manage different types of payroll.

 

·         Generational Integration

 

According to Deloitte, by 2025, generation Z will represent 75% of the world's workforce, without losing sight of the other age classifications. The new generations demand greater connectivity, use of technological tools, simplicity in processes and greater openness due to technological integration. Their goals vary considerably from those that preceded them, according to studies, 91% of Millennial aspire to leadership positions that include flexible schedules, salary compensation, and incentives such as telecommuting that involve adopting cloud solutions.

 

 

·         Customizable offsets

 

Looking ahead to 2021, we must insist that what benefits an individual does not necessarily benefit the group. Compensation and benefits packages need to become increasingly customizable and delivered more frequently and not just once a year.

 

Each organization must have its added value identified, flexible hours, casual clothing, home office or other incentives will become part of the benefits that employees should enjoy. An estimated 61% of staff have considered leaving their jobs due to lack of flexibility, according to Human Capital services firm Kelly Services.

 

·         People Analytics

 

Although HR areas tend to analyze subjective issues such as emotions, they also have the challenge of collecting and analyzing data. Incorporating tools that facilitate these tasks, such as Soft-land Capital Humano, will guarantee an objective assessment of each individual, allow faster decision-making and create spaces for managers to interact with their collaborators.

 

·         Strategies to attract the best talent

 

What to do for a candidate to choose us? Cornerstone's "Why Candidates Have Control and What Does It Mean When Hiring" report notes that the first thing a candidate does is find out what employees are saying. A study conducted by LinkedIn indicates that 75% of job applicants evaluate the company's brand before signing up for a job opening.

 

“Using social networks in our favor is a crucial point in any Inbound Marketing strategy, we must make visible those initiatives that are attractive to candidates, for example, teleworking, company doctors, gym subscriptions that promote a healthy life, etc.”Added the Soft-land HR expert.

In order to achieve this, it is necessary to incorporate HRMS software that allows the implementation of training, training, feedback and mobility plans for employees.

 

·         Happiness managers

 

According to Teresa and her outstanding experience with HR managers in the region, the goal of a good leader is to get the team to work effectively, both individually and in groups.

Their figure is key and sometimes this task becomes a real challenge: the team is made up of heterogeneous people, with their own interests and differentiated knowledge.

Therefore, the leader must develop the employee, supporting him in the use of all his potential and creativity, stimulating his feeling of belonging and happiness.

 

In conclusion, the change is continuous, the HR roles will be more strategic and will automate tasks such as personnel actions or vacation requests. According to the European Commission, by 2021 "there will be half a million jobs for ICT specialists unfilled", this figure indicates that digitization is here to stay and talent management will not escape it.


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