We read every day that we’re in the fourth wave of Industrial Revolution, and businesses are adapting and changing by the minute to thrive in this new dynamic. Technology has become an essential component of every business, including HR.
The COVID-pandemic has forced businesses to rethink their strategies to adapt to the new norm. We spoke to a fellow of World HR Board, Shreerang Tarte, to get a deeper sense of how organizations are getting impacted. He shared tips on the best way forward and laid out steps that can be taken to ensure your people function is engaged, well-supported, and productive. Shreerang has proven experience in designing Talent Acquisition strategies, establishing industry-university connect programs, designing organization structure, compensation, and employee engagement strategies. An active speaker at various HR forums, Shreerang has also served as the President of South Asian HR Summit.
Just a decade earlier, storing and maintaining data was a nightmare: there weren’t enough processes, inadequate infrastructure, and the lack of technological know-how to create that data into valuable information. However, with rapid technological advancements, we now live in a data rich environment. Around 2.5 quintillion bytes of data is generated and processed every day. Even the AI/ML algorithms have matured slowly to process this data. Therefore, it only seems fitting that data science is a job that has observed a high demand in the market lately.
In today’s time recruitment has become more data-driven than ever. While it is an important element, recruiters can end up spending a lot of their time viewing, monitoring, and analyzing data from different channels within a software. To help recruiters get more value from their data and make smarter hiring decisions, we have introduced Recruiter Dashboard. Using the recruiter dashboard, you will be able to get the pulse of all your hiring data at any given moment.
In this Q&A, Violeta Matei, Business Operations Manager at Kambr, speaks about the challenges HR teams can expect amidst the COVID pandemic. She explains how to cope with them to ensure an able and productive workforce and thriving in effecting continuity, all great tips for these times. Born and raised in Bucharest, Romania, Violeta has over 7 years experience as an HR Specialist, with companies such as Société Générale and IBM. This interview has been edited for clarity and context.
These days it seems like we went to sleep in one world and we woke up in a completely different world! Since the spread of the COVID-19 pandemic, digital transformation is making an appearance in numerous business strategies. While factors like technology, changing human behavior and changes in business models usually drive digital transformation, a catastrophic pandemic has rapidly accelerated this.
90% of CEOs believe that digital transformation (DX) will impact their industry, but less than 15% are executing on a digital strategy right now. While such slowness and reluctance to adopt would not have had such a huge impact before COVID-19, digital transformation is now no longer a choice, but rather a crucial driver of revenue, efficiency and growth.
“It is not the strongest of the species that survives, nor the most intelligent that survives. It is the one that is the most adaptable to change” — Charles Darwin (1809-1882)
‘Work from home’ is a much used term these days. Organizations usually have a defined set of processes in place for remote employees and for the one-off instances where a team or department resorts to ‘work-from-home’. In fact, this is an option that offers your employees an added flexibility and if research is to be believed, it has also shown higher levels of productivity. Automattic, best known for giving the world WordPress.com, is working on a completely distributed model with employees all over the globe. So yes, there can be success with remote working models.
We are rapidly moving into an era of using technology in Hiring. More and more companies are adopting pre-employment testing solutions to evaluate candidates efficiently. However, there are still some answer types like descriptive, video responses, creatives like designing, creating power point presentation, and so on that require manual evaluation.
Every business has procedures and processes of their own when it comes to hiring and recruiting candidates. They have separate timelines, resources, expectations, needs, and priorities. However, there are some standard tips and guidelines that any company can apply to recruit the best candidates.