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Friday 04 Mar 2022

How Covid is Changing the HR Technology Investment

It’s abundantly clear COVID-19 significantly impacted the way businesses approach their HR operations. The rapidly changing market dynamics of business models during the pandemic forced HR teams to adopt new ways to respond to workforce needs. As a result, HR software and services, including workforce management, talent management, and payroll management are expected to continue to shift towards digitization in the post-pandemic world.

 

Let’s take a look at how COVID continues to change the landscape of HR technology investment.

 

Future HR Trends

According to data collected by Microsoft in mid 2021, approximately 66% of business decision-makers are considering redesigning physical spaces to accommodate remote or hybrid work environments better. As a result, the need and demand for agile digital HR solutions are exponentially increasing. Additionally, the 2020/2021 Sapient Insights Group HR Systems Survey found 28% of organizations surveyed planned to increase investments in nontraditional HR technology areas, such as remote-working tools and infrastructure. The future of HR is clear – digitization is here to stay.

 

Navigating Virtual Recruiting

Before the pandemic, the bulk of recruitment was conducted in-person. However in an evolving and post pandemic world the traditional recruitment and training methods have been forced to evolve. As more businesses rely on platforms such as Zoom, Skype, and Google Hangout to work through in-person COVID-19 restrictions, many will opt to continue to use virtual methods once the pandemic is over. 

While some organizations had already started exploring and implementing virtual recruiting, the pandemic forced many companies to make the transition quickly. HR teams around the world are conducting their entire recruitment processes in a virtual environment. From planning and talent sourcing to assessing, selecting, hiring, and onboarding, innovative platforms make recruiting easier. 

 

HR Tech Helps Maintain a Growing Remote Workforce

According to the World Economic Forum, the percentage of remote workers will rise from 16.4% before the outbreak to 34.4% during the pandemic. By 2025, an estimated 70% of the workforce will be working remotely at least five days a month. As more companies offer remote working options for their employees, companies will turn to HR to support and potentially expand their remote workforce and hybrid workforce models. Innovative HR technologies empower organizations to develop flexible strategies to maintain and gauge productivity, goal setting, and employee evaluations for a larger remote workforce. 

Many companies that were once hesitant to offer a remote option are embracing technology to track employee hours, benefits, pay, and much more. Programs such as MenaTA® for employee time and attendance, MenaLite® to track all core HR functionalities, and MenaPay® for efficient automated payroll, offer the technology needed to streamline HR operations moving into the future.

 

Employee Evaluation

Managing a remote workforce or hybrid workforce can prove challenging. Many companies wonder how they will rate and evaluate their remote employees effectively. Digital evaluations platforms, such as Mena360®, empower all team members to keep track of productivity and efficiency within their company. From evaluating and analyzing to creating action plans for improvement, HR technology can mitigate the potential headaches involved with maintaining a digital workforce.

 

A Step Towards the Future with MenaITech

If the global pandemic has disrupted your organisation, your company can remain operational and productive. At MenaITech, we offer our clients complete end-to-end human capital information technology solutions and services, including payroll and personnel management, HR dashboards, data and analytics, time and attendance, and many other services through web-based, mobile, and cloud technology. Our innovative solutions are designed to provide your company and employees with the tools they need to remain productive.

 

Contact a member of our team to learn more about how our innovative solutions can enhance your remote workforce.