In the era of technology and digital transformation, HR Tech is gradually becoming the first choice to help businesses manage and allocate human resources effectively.
The industrial revolution 4.0 and the wave of digital transformation have created many great changes in the human resource management of enterprises. In particular, a topic that attracts the attention of many HR professionals is HR Tech. So what is HR Tech? How effective is the trend of applying HR Tech to corporate governance? Find out with Navigos Search through this following article!
1. What is HR Tech?
HR Tech (Human Resources Technology) is a term that refers to the management of human resources through the application of technology to optimize the management and allocation of human resources in the enterprise.
HR Tech is applying technology to human resource management
In other words, HR Tech is a combination of tech (Technology) in human resource management (HR - Human Resources). No matter what field and industry a business operates in, human resource management also plays a very important role. HR Tech will implement a plan to recruit personnel, train human resources and bring many other advantages such as accuracy, speed, convenience in management work, salary calculation, and employee benefits …
2. How was HR Tech created?
Previously, it seemed that the jobs related to human resource management were managed and handled manually by enterprises on paper. This makes the act of managing employees, calculating salaries and bonuses, regimes, allowances, ... all have to be solved in a mechanical, cumbersome and costly way, which is also a waste of time and human resources.
The existence of HR Tech is like a golden key for businesses
The waste of resources cannot guarantee the quality of human resources, the corporate culture will not develop. Difficulty in managing labor productivity also makes it difficult for enterprises to achieve their business goals and reduce their competitiveness compared to competitors in the same industry in the market.
For those problems, combining the development of technology, HR Tech was created with the mission to solve all the above problems accurately and quickly for businesses.
3. What value does HR Tech bring?
Applying technology to human resource management, businesses receive many values such as:
Optimization
Digitizing and synchronizing all information and data of employees on a digital platform makes it easy for businesses to update, search, store, etc. employee information and records. The human resources department also saves a lot of effort and time searching when needed.
Automation
Using applications to handle operations and repetitive tasks helps reduce human resources to focus on other important jobs and operations.
HR Tech brings a lot of value to businesses
Forecast
Based on existing data, the human resources department in the enterprise will easily grasp the human and financial situation of the enterprise to proactively make the most appropriate proposals and countermeasures.
4. Applying HR Tech in human resource management
Here are some ways to apply HR Tech to human resource management in the enterprise:
Staff Planning
HR Tech has the function to automatically analyze and synthesize HR-related data, so it will be easy to predict the situation of the business. Through which, the administrator makes the next plan in human resource management.
Personnel information management
The synchronization of personnel information will help to store and extract data easily and quickly. Information about working time, personal information, salary, bonus, discipline, ... will be conveniently managed based on the support of software on cloud computing platforms with high level of security and safety.
Read more: Solution to the problem of human resource management for enterprises
In personnel recruitment
Based on artificial intelligence technology, businesses will easily post job advertisements, screen candidate profiles and standardize the recruitment process. However, in the time of talent thrist, businesses are always willing to pay high salaries to recruit good people, it is very difficult for your business to find qualified candidates. Even if your vacancies are filled, it does not mean you hire the right personnel for the right job.
The optimal solution at this time is to associate with a headhunter company. Headhunter is the link between recruiters and candidates. With a wide recruitment network and high accessibility, headhunters will find quality candidates that match the recruitment requirements and convince them to apply.
At Navigos Search - Vietnam's leading mid- and senior-level recruitment service provider, there are now more than 375,000+ senior candidates, 85,000+ management level candidates, helping your business quickly recruit quality candidates.
Our consulting team are recruitment experts who have a deep understanding of the value of human resources, a deep understanding of each industry and professional skills that will accurately grasp the recruitment requirements of your business. All specialists are very experienced, knowledgeable about the labor market and each core industry.
Navigos Search - The number 1 middle and high-level talent hunting company in Vietnam
Based on the rigorous recruitment process and the candidate's capacity, experience and labor market situation, Navigos Search will conduct a search for the most suitable candidate with a high rate of vacancies filled.
With over 20 years of experience in the field of recruiting mid-level and senior-level personnel, Navigos Search is proud to have supported and brought successful recruitment solutions to hundreds of thousands of businesses and multinational corporations across Vietnam, helping them get the best quality human resources.
Navigos Search's recruitment solutions are as follows:
- Talent recruitment service
- High-level personnel recruitment service
- Outsourcing recruitment service
- Japan Desks
Every month, the number of potential CVs sent to us is huge. Therefore, if your business is looking for talent for any mid-level or senior-level positions, please contact Navigos Search quickly.
5. What should businesses do with the HR Tech trend?
Technology has a huge negative impact on human resource management in businesses and companies today. So, what must businesses do to catch up with HR Tech trends? Here are some tips that will surely help your business:
Strategic vision of corporate governance
The leading factor to bring success to changes in the business is that leaders need to have a comprehensive and complete orientation. To maximize the power of technology, leaders must change their thinking and vision in the new era. You need to possess the ability to see far into the future to plan, turn that plan to reality to best manage human resources and take your business to the next level.
Choosing the right time to invest
It's not just the application of technology that everything will become automated. Technology is a supporting tool and the main role still lies with people. Therefore, you need to make sure your business has standardized the management process before deploying the HR Tech application. In other words, when the business has not digitized data, the workflow is not logical, the work has not been specifically assigned, it is not advisable to apply HR Tech.
Build a clear step-by-step technology application roadmap
Applying HR Tech to businesses is a complicated process with many stages and difficulties. In order for the application of HR Tech to be effective, business leaders and the human resources department must draw up a clear plan with each specific step. Only in this way can businesses accurately assess the feasibility of HR Tech and human resource management activities.
How to effectively apply HR Tech trends
Update and experience HR Tech solution
HR professionals in the enterprise must learn how technology affects HR processes and learn how to lead technology solutions in HR Tech. Mastering current technology will help HR become a better adopter and be more effective using HR Tech.
Improve soft skills, develop new skills
Technology has the ability to automate repetitive work but cannot completely replace the role of human resources in the business. A good HR will actively develop soft skills, professional skills to catch up with technology and improve the efficiency of human resource management.
Train data-driven thinking
Facing the popularity of Data driven and HR Analytics trends, human resource management is increasingly dependent on data. That's why you should train your data-driven thinking skills to capture information from rudimentary to carefully calculated numbers. This is the basis to help you make the right decisions, improve the effectiveness of the human resource management strategy in your business.
Hopefully, through this article, you have clearly understood what HR Tech is and the trend of HR Tech application in corporate governance. Technology has a great impact in the human resource management process, so you need to quickly find a way to apply the right HR Tech trend to help your business increase its competitiveness with competitors in the market and grow stronger.
Navigos Search - Vietnam's leading middle and high-level talent hunting company