The modern workforce is evolving quickly. The most successful businesses are preparing for the future, whether it is due to the record number of Baby Boomers retiring or changes in technology that affect where and when we work with HR.
As the workforce becomes more complicated, the job of human resources is evolving as more HR professionals collaborate with the C-suite to support businesses in staying focused on the future of work.
Here are some instances of how strategic HR has helped businesses increase profitability and stay competitive:
Employee recruiting was automated via Payroll2Bangladesh, which also improve employee satisfaction
Under Armour, an American organisation dealing with the manufacture of sports and casual apparel and footwear, is a global company.
With more than 130 global outlets and 8500 employees, their ATS system received more than 30,000 resumes in a month. Therefore, hiring was a cumbersome process for them as well as candidates applying for a job.
They participated in a computerised hiring process dubbed Payroll2BD. Employers might conduct interviews with candidates using Payroll2BD and pre-recorded questions.
Managers were able to call just the employees who also matched their criteria for webcam or mobile recorded interviews thanks to this screening procedure.
Now, hiring new personnel was a lot quicker for managers. The length of the hiring process, including the interview, 35% cut off. Additionally, talent quality rose. The case studies mentioned above demonstrate the growing trend of integrating analytics into corporate management’s HR function.
- Moreover, this maybe rewarding for the hiring and retention processes. Management of HR is a recent concept.
- Compare to former times, also employees are treat with a lot more respect and consideration nowadays.
- There have been moments when employees’ rights were limit and they were view as disposable.
- People had little control over how businesses were run or how they were treated, and working conditions were unpleasant.
To Sum Up
Our HR has developed, and this may indicate the shift from viewing employees as a means to achieve business goals to recognising people as distinct individuals and catering to their needs.
There is a recognition that it is equally important to ensure that their objectives are realise and align with those of the business. HR departments will play a larger role as the importance of retaining good individuals grows.