HR Trends tend to come and go at a fast speed. But not everyone is worth keeping, there are some that are fleeting and some that are worth taking notice of and implement. HR Outsourcing plays an imperative role in broader strategic approach to growth of a business. HR Outsourcing provides you with wide range of benefits in terms of improved accuracy and compliance, strategy focused, cost reduction and HRO expertise among many others.
There are some latest trends rocking the HR outsourcing scenario which are worth noticing. Here’s a look at these latest and future trends:
Automation - Process Automation is the most important trend in this sector. Smart process automation brings on improved productivity by performing monotonous high volume transactions with accuracy and in time. It also makes the management of employee’s benefits easier by using cloud based platforms along with reducing manual back office functions.
Make Use of Cloud - Cloud has an efficient data security process which adds value to your organization and helps in maintaining continuity in your operations. It also provides you advanced and customized analytics as well as reporting. Making use of cloud may also lead to improved integration of employee support along with related HR functions. The whole process of transferring important HR information to the server and cloud have become a standard norm followed by business sectors.
Social Media - Aggressive social media strategies are running rampant as the latest trends. In this era of “Digital”, social media recruitment and selection efforts have become the norm and are being used increasingly by HR Outsourcing companies. It is really helpful in getting benefits from platforms which are business focused. Facebook, Twitter and Instagram among others are quite popular social media modes to search for millennials.
Selecting Outsourcing - In this trend, a distinction is made between specific management operations and other functions. The operations which need specialized knowledge that is specific management employee management operations, are outsourced while other not so important functions are retained to perform in-house. This process is best for recruitment, compliance and non-harassment training and development.
Diversity In Talent - The term “Talent” has changed drastically and have become broader than what it used to be traditionally. The population itself have evolved and have grown more diverse which warrants for more diversified talent pool. It is a great way to gather potential applicants while attracting a diverse range of job candidates. An organization with narrow definition of talent likely to lose some great opportunities in way of potential and talented candidates.
HR Analytics - The reliance on big-data analytics and the algorithms related to this to get insights into recruitment and employee-management strategies have grown. The same approach has also been applied to influence ongoing efforts to hire and retain the key employees by analyzing the sales data for new strategies.
These are some of the latest trends in HR Outsourcing that not only affects the Outsourcee but also the HR Outsourcing companies. With the evolving needs of both the employers and employees, it’s time that you outsource your HR functions for your overall business growth.