With the development of Internet information resources, the amount of electronic scientific and technical information has significantly increased, as a result of which the search for relevant information has become significantly more difficult. Why should you use text annotation services? Continue reading Why Should You Use Text Annotation Services?
Part of being a responsible small business owner is anticipating major expenses and doing your best to avoid them. How can a business avoid unnecessary expenses? Continue reading How Can Companies Avoid Unnecessary Business Expenses?
Your digital product may not yet be completely finished, but you must devise a strategy for getting it into the public’s hands. Make time to create a product launch plan for your digital product, and then go through it when you’re ready to launch. It’s likely that you’ll need to develop a lot of materials, collaborate with external people, and even create more items to share. It takes time and careful planning for a successful product launch. Read more about how do you successfully launch a digital product in multiple markets? Continue reading How Do You Successfully Launch a Digital Product in Multiple Markets?
Hiring a third party to perform outsourced business tasks on your account often means you’re exposing your business to new risks such as confidentiality breaches. Thinking ahead to formulate a clear outsourcing procedure can save your business a lot of money, time, and even a legal case. What are best practices for outsourcing in your business?
In today’s competitive world of business, it’s vital for companies to find ways to catch up with their bigger competitors. Outsourcing is one of those ways that can help reduce the cost of expansion! The way that has the potential of not only reducing cost in wages paid, but also allowing the companies to focus on the activities that are critical to growing their brand, plus gain faster and better services. Why is outsourcing good for a business?
Human Resources is an important part of every business. They handle a variety of tasks that range from recruiting and helping hire new employees, to ensure company policies are updated. However, the industry is changing, just like nearly every industry on the planet.
In particular, there are some major trends that could shake up the HR space in the near future. From a greater focus on technology, to engaging employees, trends are sure to shape the future of HR in a big way. Without any further ado, let’s look at a couple of different trends that could play a huge role in shaping HR in 2020.
One trend for 2020 that we can already see materializing is an increase in HR outsourcing. The outsourcing market is growing steadily and shows no signs of slowing down. There are many different benefits of outsourcing that companies can enjoy. These include easy access to great expertise, cost reduction, time savings and several others.
With HR often being a fairly intensive and potentially mundane business area, it is a perfect candidate for outsourcing. By outsourcing your HR to a third-party company, you will save a lot of time, and likely a lot of money. Doing so will free up many employees to focus on more complex matters within your company, as well. Also, because these third-party companies specialize in HR, they will ensure you are always compliant.
HR Will Continue to Become More Technological
Technology has had a monumental impact on business and nearly every area of a company. While HR is traditional focused on people, technology still plays a massive role there. The role of technology in HR will only grow in 2020.
Technology can help HR improve in a number of different ways. Automation can speed up time consuming tasks, make mundane duties a thing of the past and manage data while also extracting a ton of analytics from it at the same time. Another exciting technological innovation in HR are applicant tracking systems (also known as ATS).
These can help HR departments manage and process a large number of resumes, organize them and essentially streamline the entire process. Find more about software for recruiting here and learn about the benefits of ATS. These are just some of the many things that are on the technological horizon for HR in the near future.
Greater Corporate Wellness Initiatives
With millenials and younger workers quickly representing a bulk of the workforce, the wants and needs of employees are changing. In particular, younger employees want different benefits than their parents did. One of the most sought after are better corporate wellness initiatives, such as access to fitness centers, employee assistance programs, healthy snacks, access to mental health services and others.
Offering better corporate wellness initiatives will be a trend for HR teams in many different industries in 2020. If your company doesn’t provide the support and options that modern workers want, they aren’t afraid to leave for somewhere that does. Workers are more empowered than ever, and HR departments need to be sure to keep that in mind.
Unfortunately, many companies still struggle with equality among their employees. Whether this is a predominantly male work force or a team that is primarily made up of Caucasian workers, there isn’t always a lot of diversity. While this isn’t solely the fault of HR departments, they need to do their part to ensure equality for everyone. As a result, look for the strive for equality to be a large trend in HR.
Diverse teams are often more profitable and the different life experiences and cultures can often help foster more creativity within your company. Going forward into 2020 and beyond, it will be important for HR departments to keep diversity in mind. Companies need to offer the same opportunity for all races and genders to succeed.
In conclusion, HR is a space that goes through a lot of trends and 2020 will be no different. We hope this article has helped show you some of the trends that will shape HR in 2020.