COVID-19 had brought accelerated changes to the business models and modes of work of organizations across the globe. The entire world is compelled to rethink the manner in which we work, the way we live, and the manner in which we collaborate with others.
As we anticipate the future, we plunge further into what the human resource community has turned out to be post-COVID while pondering over the latest trends and beyond. How will these recent impacts affect the functioning of our society, the work culture; or are these just some temporary as we are uncertain about what the future beholds.
- Remote working has been embraced by business organizations on a global level. Huge costs are being saved by working remotely as offices are shut; rents have fallen with a rippling effect on commercial real estate. This opens up options for businesses which were unable to get hold of prime locations for their offices.
- Studies show that 75% of remote employees are more productive due to the work from home option, and a PwC survey of 669 CEOs says that these remote collaborations will stay for a long term now.
- One of the biggest HR changes worldwide is “hybrid working model which is a flexible arrangement of location between organization and its employees so as to combine onsite and offsite work”; it awards workers adaptability yet additionally adds intricacy to HR when overseeing well-being, time-sheets, developing society and recruiting new representatives.
- HR metrics, pre assessment platforms, AI enhanced decision-making, and gamification are some of the latest hiring trends being used by corporations like Google. Use of technology, data and new work models are changing the way we hire; these are most likely to stay in trend for a long time ahead.
- Video conferencing software such as Zoom, Microsoft Teams, Cisco Webex and specialized video interviewing tools, such as HireVue and Montage have made HR more efficient, less biased and definitely smarter.
- Engaging with assorted networks and fostering drives to grow a diverse and comprehensive workforce has never been significant. Thus resulting in global companies making talent investments in India.§ Companies are moving towards freelance or project-based recruitments as work from home is the new fad which makes it easy for employers to hire the best of the talent across the globe.
Recruiting is turning out to be more specialized, focusing more on the abilities, and adapting the technical approach for the whole channel of recruitment. After almost a year of plunge, recruitment is finally picking up pace in India. Nearly 55 per cent Indian companies are planning to hire, as compared to 41 per cent Asian-Pacific countries organizations in 2021 as reported in Talent Trends Report 2021 by the UK based company Michael Page.