Data-driven decision making
Data-driven decision making
Leveraging workforce analytics to promote data-driven decision making
Over the last decade, we have witnessed a rise in data-driven decision making across all industries, business sectors and organisations, and HR is no different. Workforce analytics enables HR to gauge employee experience, engagement, and satisfaction. In an effort to stay competitive in the modern and complex business landscape, particularly as a result of COVID-19, organisations should continue to leverage analytics to forecast their workforce requirements and to better optimise revenues and reduce costs. They should also become more reliant on analytics to measure and monitor workforce performance and productivity. By regularly analysing and monitoring employee performance and engagement metrics, HR can determine the strategic talent acquisition, development and management decisions required to prepare the workforce for the challenges they will face post COVID-19.
Tech-enabled sourcing & recruitment
Tech-enabled sourcing & recruitment
Rethinking talent sourcing and recruitment by embracing emerging technologies and diverse skill sets
Organisations are now looking to redefine their recruitment strategies in an effort to shift towards a more cost-efficient and effective operating model. This means hiring individuals with transferable skills, who can provide a more forward-looking outlook and thrive in an ever-changing environment. The skill sets and competencies needed to succeed in today’s workplace are constantly evolving with employers now more likely to hire tech-savvy candidates who offer more adaptability and flexibility. Employers may also consider delving into the gig economy by hiring subcontractors or contingent workers, who offer a cost effective alternative to full-time employees. As such, it is crucial that individuals focus on digitally upskilling themselves or risk falling behind.
Organisations should consider reimagining their recruitment and sourcing strategies to capitalise on their inherent productivity and efficiency gains. The rise and success of remote working has paved the way for alternative recruitment and sourcing strategies, such as conducting the entire recruitment process from planning and talent sourcing to assessing, selecting, hiring, and onboarding in a virtual environment. Emerging technologies, such as artificial intelligence (AI), virtual reality (VR), augmented reality (AR) and blockchain, in conjunction with data science, are driving the automation and digitalisation of HR functions – potentially making more decisions free of implicit bias and laying the foundation for highly equitable decision making processes across organisations. Will blockchain technology be used for conducting background checks where employers can virtually acquire immutable applicant credentials and historical records? Will employers look to hire full-time workers from abroad and have them permanently stationed in a different territory? Or will we only recruit locally in anticipation of a possible future pandemic and travel restrictions? Only time will tell.
Digital now, not tomorrow
Digital now, not tomorrow
Accelerating the digital transformation agenda through the integration of disruptive technologies
Digital transformation has become an increasingly hot topic and has posed questions around the role of HR moving forward. Businesses are now looking to reduce costs by any means, putting HR under pressure to create more value with less resources. 62% of Middle East CFOs and 59% of UAE CFOs are looking to accelerate the adoption of automation and establish new ways of working once they begin to transition back to the workplace, with 50% citing this globally.2 As such, HR is being pushed to take on a more strategic role within organisations. This includes downsizing HR itself by cutting redundant operational and compliance related jobs and automating these functions instead, enabling organisations to push the boundaries of operational efficiency even further. Even more so, emerging technologies, such as AI, VR, and AR, have opened the door for a wide variety of applications in the HR domain. These technologies will help improve all HR functions including recruitment, onboarding, training, and so much more. For instance, through data science and AI applications, organisations are now able to extensively reduce the hiring cycle by using a fully automated CV screening process which completes several days or even weeks worth of work in a matter of minutes. Big data and data analytics enhance the recruitment process by helping identify top talent as well as forecast workforce capability and capacity requirements. AR and VR technologies will be used to improve the onboarding process through virtual office tours, no longer requiring new hires to be physically present. Similarly, reskilling and upskilling of employees through virtual and digital learning platforms will soon become a reality, meaning that organisations will no longer need to invest in the infrastructure and logistics necessary for ‘live’ training.