APRIL 20218By Viral Vora, CEO, CAYPROA successful 16+ years stint in the talent acquisition and recruitment technology in India and globally has secured Viral Vora the title of one of the most influential name in the business.OverviewFrom creating a healthy, growth-enabling environment for profes-sionals in managing day-to-day leadership management activi-ties, the Human Resource in-dustry has come quite a long way. Besides the ongoing digital transformation wave, the in-troduction of HR technologies is influencing retention and at-trition rate at any organization while also helping businesses make strategic choices related to recruitment, compensation, tal-ent and performance, employee experience, organization cul-ture, and more. The integration of various HR tools and technologies have not only reduced work time span, but has also reduced the pressure of traditional practices by enabling process automation. The global human resource management sector has been able to harness the power of advancing informa-tion technology, artificial intelligence, machine learning and predictive analytics, and by 2025, the HR sector is expected to reach $30 billion. Here are a few types of Human Resource Technologies that are paving way for a promising future of work:· Artificial Intelligence: Top-tier companies across the world have invested in AI for various HR tasks, from candidate screening to candidate relationship management, enabling the human resource team to be more focused on performing strategic and cog-nitive tasks. Today, AI-chatbots can help streamline employee queries and improve engage-ment. Moreover, the adoption of AI-technology will be boon for companies as it also helps customize employee learning experience based on their job performance.· Virtual Reality (VR) and Aug-mented Reality (AR): The simu-lation of real-life employment experience using AR and VR technologies can enable po-tential candidates to make an informed choice. In fact, human resource can hire professionals who have the potential to make a difference when they join the team based on real-life simulations. Besides the hiring process, the human resource team can use AR/VR technologies in learning and development activities by navigating real-life simu-lations for professionals.· Data and Analytics: Various aspects of human re-source responsibilities, such as employee experi-ence, growth, leadership engagement, and more, can be driven by technology if there is enough data available to analyze. Organizations are working on building a database of employees' demography, be-haviour, key motivators, and other aspects such as interests, attitude, skills, performance, sentiments and more. Being able to understand a human using HR technology will enable the recruiters to hire dis-IN MY OPINIONEVOLVING ROLE OF HR TECHNOLOGY TO DRIVE THE FUTURE OF WORKViral Vora, CEO
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