How do Technology Impact HR Practices?

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How do Technology Impact HR Practices?
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INTR0DUCTION

• Human resources are the most important in any
  organization. They form the foundation and
  collect resources to keep the structure standing.
  Their work involves strategic planning, running
  through data, marking, analyzing, filtering, and
  scheduling. And all these can be done in a snap
  in a very efficient manner today.
• But not so long ago, technology was not as
  developed enough to help and yet recruiting took
  place just fine. So what changed today? In what
  way has digital recruiting affected HR practices.
  Are they good? Are they bad? Or a little of both.
  It is a little of both. Especially in changing
  times of digital dominance, it has been nothing
  but a blessing. Rather a necessity at times.

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Significance of Technology in HR
Practices

• The hiring industry is the core of any industrys
  growth. It is crucial to run smoothly if one
  needs their company to run smoothly. If the
  pillars of fortitude are weak, the falling is
  always settled. One blow and the entire structure
  crashes. So it is essential to make sure the
  right people run the company. AI (Artificial
  intelligence) in recruiting is the most recent
  advancement and is taking over the industry
  rapidly.

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Why the Need for Technology in HR
Practices?

• The advent of web 2.0 and web 3.0 led to the
  desperate use of technology to ease and replace
  mankind wherever possible. Interactive Messaging
  and Artificial Intelligence started assisting
  humans. Meanwhile, the reasons for technological
  advancements affecting HR practices are the same
  as any other industry.
• Increase in demand leading to the need for
  automation to speed up the process
• Talent needs to get customized
• Mass hiring is becoming more prevalent than ever
• Globalization has increased the job market to a
  level no one wouldve imagined
• Due to these reasons, hiring practices had to be
  evolved in time. The recruiting process needed to
  match the pace of a growing organization. And so
  technological intervention came into being, and
  with it came the repercussions.

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How are Technologies Affecting HR Practices?

• Communicating became easier
• Greater pool of candidates
• Record keeping and analytics at the tip of your
  fingers
• Sorting with the help of AI
• Hiring has become cheaper

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Should You Worry about HR Practices being
Affected by Technologies?

• Not at all. Technology has done nothing but good
  to the hiring industry. The latter is the result
  of over or lesser abuse. Its just like the story
  of AI. When artificial intelligence was being
  introduced for the recruiting industry. All the
  recruiters condemned its usage. They believed
  that itll replace them. But now, AI is an HRs
  best friend.
• HRs should instead indulge in creating a digital
  presence for themselves. Technology has made it
  way easier to network than it was. Building a
  personal brand and a loyal set of individuals
  that follow you is a massive plus in the
  recruiting world. Earlier you could reach a few
  hundred at maximum. Today, the skys the limit.

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Latest update

• According to a leading online employment
  solution, Indias AI and machine learning job
  demand is predicted to grow.
• Industry reports indicate that AI/machine
  learning investments will grow at 33.49 annually
  by 2023.
• The report forecasts that about 45 of
  organizations customer support services will be
  powered by chatbots by 2022, thereby enhancing
  customer engagement.
• More and more organizations are adopting chatbots
  for customer support services.

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Conclusion

• With the rise of invention, theres no limit to
  the advancements in different fields. We must
  make sure that recruiters evolve themselves with
  time. Not only because the system wants them to
  but also to cope with the pressure it all comes
  with. It is a boon to the recruitment industry
  and will benefit HR practices in unimaginable
  ways if used well. But it failed to do so.
  Nothing is going to help from creating an
  unimaginable ruckus in your organization.

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How do Technology Impact HR Practices?

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