Whats Next in HR
The world is changing with lightening speed, what is new today is old tomorrow. For any organization to sustain itself and to combat with the VUCA (Volatile, Uncertain, Complex & ambiguous) world, will not be an easy task and calls for a collaborative effort amongst all the functions to grow and drive business successfully. HR being the people function will play a very critical role and will also witness a huge transformation in their way of working. Some of the emerging trends that are going to revolutionize the future of HR could be:
HR As Change Drivers: The new age HR will have to play a mighty role to drive change across the organization. It is imperative for every organization to demonstrate adaptability, innovation and learning agility embedded within the DNA of every single individual for organization sustenance.This is because of sheer necessity to continuously adapt with the ever-changing environment, encouraging innovation or doing things differently to have a competitive edge and last but not the least inculcating learning agility amongst everyone to ensure quick learning to keep up with the pace in meeting business goals. Hence, HR along with the business will be playing a big role in driving change in the mindset of the employees and continuously prepare them to deal with never ending future uncertainties.
Automation Is The Key: Over the years HR has seen movement from being an administrative function to functional expert and now a business or strategic partner. However, there is still a long way to go for the HR to become the business partner in a real sense, as the truth is that most of the HR professionals are still struggling to juggle with transactional and operational work. Hence, Automation may be the next big agenda of the HR function, which is work in progress. Automating the routine, operational and transactional activities, which will free up their lot of time to help them focus more on meaningful work and be more of a strategic partner in actual sense and work along with the business towards organization growth and success.
Expertise In Meeting Talent Supply Vs Talent Demand: There have been many studies and researches conducted, which states the fact, that in the coming future there will be jobs which will demand completely new skills sets for which the talent may not be available as the nature of the business is very dynamic. The HR will then have to play a role of visionary and need to have a thorough understanding of the business to meet talent supply Vs Talent demand. They should be able to forecast the future skills and build effective talent acquisition strategy to deal with the skill demand and come up with innovative solutions to fill in the skill gap.
Focus On Talent Management: Managing the talent may be one of the most important focus of the human resource function at the same time the most challenging too. The future lies in having a customized approach towards individuals rather than one standard approach to fit all. The focus would be more on individual capabilities, designing appropriate opportunities and helping them to develop in that direction. Additionally, upskilling the existing resources to meet the future demand will be the prime focus. Retaining the talent and keeping them engaged by providing enough career development and advancement opportunities will be critical to maintain the sustenance of the talent.
Analytics Champion: The future of HR lies in building strong analytical capabilities and HR may be viewed as the strategic champion of the organization. Managing the big data and linking the HR data with the business data to come up with valuable insights would be one of the core role of the New Age HR Function. They may play the role of a specialist in utilizing data and running algorithms to drive business solutions.
The Human Resource function will witness a complete transformation in the future. The effort will be more outcome driven and value based. HR will be looked upon as the change drivers, strategic partners in real sense, business advisors, talent suppliers, talent managers and the analytics champ.