What is HR Technology? and Why is it Important in the Middle East?
The middle east, at present, is looking towards an economic change on a vast scale. There is a significant transition from it being a resource-based to a knowledge-based economy. The core of the Middle East, The United Arab Emirates, is advancing rather quickly up the business ladder with a trade-centered flow enabling a tremendous growth, opportunity and investment. The nations are at present investing quite heavily in the workforce. According to a UAE Vision 2021, the target is to increase the targeted workforce to 40% by 2021.
The regular increase in the workforce has increased the desperation of attaining easy management of the same. Hence came the introduction of Human Resource (HR) Technology in the Middle East.
A term that combines the software with the associated hardware in order to bring about the automation of the human resources and the functions in the organizations is the HR Technology. Its functions or features include payroll system, analytics of workforce, talent acquisition, benefits administration, performance management as well as talent management.
The growth in HR Technology has been rapid over the recent years with the increasing manpower in organizations as well as businesses shifting to ERP Software (Enterprise Resource Planning) Solutions with the oncoming advancements and requirements. Apart from this, there is a second generation of HR Technology which is what businesses are gradually shifting to in order to go from on-premise systems to cloud-based along with SaaS.
Pace of Technology
Trends are up and coming today but what is really consistent is the rate of change created by Technology. It has been studied upon that HR Technology is, in fact, an opportunity in a box that can help solve issues in adaptations to support productivity as well as engagement.
Following is the list of trends that Middle East businesses believe in focusing on in order of their ranking:
- Performance Management
With an increasing workforce, a necessity of organizations is to measure the quality and performance with respect to the size of the workforce to justify the increasing need. Some systems are not enough for such a high amount of measures hence thinking about some new logic and systems would be a wiser choice. Middle East hub understands this need along with its collaboration with the latest technology for improved accountability.
- The Organization of the Future
With new and better technologies in the market, an apt choice is to integrate them into the systems in order to adapt to change quicker and facilitate faster learning. In order to understand the future of the organization, the changes need to be brought boldly and systematically to benefit rapidly. This means keeping a check on technology and the Performance Management.
- Talent Acquisition
Organizations moving onto cognitive technologies and AI would attract a lot of positive marketing in future for vacancies and the company itself. But to get the best talent onboard, a lot of challenges needs addressing and media hosting in order to attract the best ones.
- Careers and learning
It has been seen that it is not what you have done that counts, but what you have learned from it. Learning is the part of life that never ends and combined with some additional knowledge of customer satisfaction, company productivity methodologies etc. can pave a long way into the career market.
Leadership is not about just the art of it, but about the way, one would manage the challenges. A leader is the one who is capable of taking risks, fail, and learn in continuous cycles. Leading teams, keeping close team communications, driving innovation etc. all amount to best leadership.
- People Analytics
Predictive analysis tools from HR software enabled better analyzation of recruitment, performance, employment mobility etc. data. This usually is followed giving them ample time to analyze data and reach a constructive decision.
- Employee Experience
Systems need to involve opportunities for employee feedback as well enable a free communication system between employees and employer representatives. Changing the way people think about workplaces can get us a long way into business success.
- The augmented workforce
Increasing the workforce is always a necessity to large scale enterprises, but managing all the related metrics through an HR Technology is a smart way to ensure higher productivity.
Hence, the Middle East is always in the race to become leading giants of the business market. What they had really improved themselves with is through automation using technologies like ERP and HR, paving the way to be global business leaders.
Aniruddh is a Blogger and Digital Marketing Specialist at SoftwareSuggest. He loves to dig deep into various HRMS systems, Applicant Tracking System, Inventory software and Project Management Software. He’s ready to grab a cup of coffee anytime if you want to talk about tech, cars, businesses or cricket.