Today’s technology is nothing like the technology of even a few years ago. Emerging tech is revolutionizing the way not just businesses but governments, non-profit organizations, and even households operate.
Companies of all sizes in all industries are harnessing new technologies to solve the issue of staffing. Here’s how the emerging tech is fixing the staffing problem.
What’s all the fuss about artificial intelligence (AI)? There is hype, and then there is action. Take, for example, a Silicon Valley tech startup that raised $3.6 million in funding for an AI-powered scheduling service for restaurants.
The potential is endless, from automating simple customer queries to providing more accurate wait times, from helping with labour scheduling to streamlining the hiring process and beyond.
Because AI can work around the clock and has no vacations, it can handle mundane tasks like responding to customer inquiries or updating websites constantly during the day, which would take a significant amount of time and effort for a human employee to do.
Due diligence is a necessary step in the hiring and firing process. There are more than a few human errors that can prove costly to both employers and employees. For example, taking too long to evaluate candidate resumes or interviewing candidates who don’t meet job requirements can prove costly if they are hired by big-time employers and are not suited for specific roles. This can help small businesses avoid these mistakes since it allows them to diversify their workforce, which has the potential to provide consistency in goals, pay, and benefits, as well as revenue.
Government organizations are using drones and AI to map neighbourhoods and crime hot spots and identify surveillance cameras in real time. It will only get better from here.
The Expanding Use of Big Data
In the past, human resources were based on an archaic bureaucratic system that employed a lot of manual processes and lengthy hiring processes that only accommodated the need for manual data entry.
Big data and machine learning will significantly reduce this process, making it more efficient and effective while improving efficiency in roles across a wide array of industries.
In the past, it was difficult for managers to ensure their employees were working on the right tasks and that their work was of high quality. Their employees would often be able to log in from anywhere, with or without their manager’s direct supervision.
Emerging tech has provided ways for companies to monitor their employees working remotely, thereby making tracking productivity and quality of output easier. They can also manage more staff, hence increasing the employment rate.
In years past, if one wanted to find a job, they had to go out into a physical office or research online. This was time-consuming and resulted in lagging responses as well as lost applicants who might not have been successful but still wanted a job.
Today, many job boards are making it easier for people to find jobs, research salary information and apply in a timely manner.
The global job market is expected to add millions of new jobs by 2022. These new jobs will require higher competencies and skills than previous positions as a result of emerging tech.
Thanks to job boards, it’s getting easier to find and apply for these opportunities.
A dental staffing platform, for example, makes it easier for dental practices to find and hire the best talent while saving time, money, and frustration.
Rise of Freelancers
There’s never been a better time to be alive if you are an employee. Freelancing and self-employment are on the rise, allowing people to take control of their careers and set their own schedules. In fact, self-employed Americans earn median salaries that are over $10,000 more annually than salaried employees.
Emerging tech is making it easier for companies to hire freelancers and enabling freelancers to find work from anywhere in the world without ever having to go into an office again.
These flexible work arrangements have proven results: almost half of the millennial workers report that they are interested in working at least part of the time, remotely.
The Digitization of Training
With more companies relying on software to help handle HR functions on their behalf, it’s easier for managers to build better training programs for their teams. For example, learning management systems (LMS) allow companies to curate training content based on employee satisfaction and job performance.
Systems such as these make it easy for organizations to build custom learning experiences that are more tailored to the specific needs of their teams.
This trend also means that most companies are focusing more on the education process, adding productivity to the same employees who are already at work. For example, if someone has been with a company for a long time and has relevant experience, it’s ideal to train them in a job role since they can then share the knowledge with others.
There are a few things that emerged tech has done to improve learning:
i)The rise of emerging tech will help businesses maximize their human resources through more efficient and effective processes.
ii)The increase in automation will allow management teams to equip themselves to deal with new workers and systems properly.
Adaptation of a Digital KPI Strategy
Employees are changing. The skills and knowledge employers are looking for today aren’t necessarily the same skills and knowledge they were looking for in the past. While this shift might not be an easy change to make, businesses must embrace it as soon as possible.
The HR/payroll function has been traditionally done through spreadsheets by payroll and human resources professionals who manually input data into a spreadsheet over time.
This manual process has been improved to some degree with modern software programs such as HR software systems like Sage CRM or Payroll systems like ADP Paychex (formerly Hewlett Packard Enterprise).
This software helps businesses manage their HR and payroll processes, which increases efficiency and helps make it easier to manage payroll and HR processes.
The use of a software system, such as Sage HR, has helped employers become more productive and efficient while increasing their overall profitability.
KPIs are an essential measurement to consider in any business or organization. When appropriately planned, KPIs can measure performance and the employee’s output throughout the organization.
In turn, these measurements allow organizations to identify areas for improvement to achieve better results, thereby giving managers a method for measuring employee performance in a more accurate way than before. This allows them to create training programs and workflows that properly prepare workers for specific roles.
Many modern companies are now shifting towards self-directed learning, allowing employees to take charge of their own education by learning through online courses, specific programs, and in-person training sessions. For example, companies can use online platforms to increase the retention rate for new hires since the platform is both affordable and less time-consuming than traditional training programs.
The ability to access the content at one’s own pace while removing the burden of booking expensive training programs has also made it easier for employees to learn at home or when they feel like it.
This means that employees can now make informed decisions about their learning and growth from anywhere in the world.
This has solved the staffing issue since most of the mistakes that were made in the past when companies depended on expensive tutorials have been drastically improved by emerging tech.
Today, it is well-known that most company employees can be trained without spending too much money and without harming the company’s quality.
Based on these facts and many more, it becomes obvious that there is no need to spend a lot of money on training new employees today; there are different solutions to meet all your requirements.
This technology revolution provides employers with access to a greater pool of potential workers from all over the world who might not have access to basic skills training or experience.
One of the downsides of emerging tech is that online transactions are taking place more than ever; in fact, 53% of consumers have made online purchases in their lifetime. This is because many new online platforms make it both easier and safer to shop online.
For example, thanks to emerging tech and the rise of eCommerce giants such as Amazon, more people are taking advantage of convenience to buy everything from groceries to couches.
Most consumers feel more confident when shopping from their homes on their own time than from brick-and-mortar shops. In 2020 alone, sales from eCommerce reached $453 million in America alone.
In conclusion, emerging tech has solved the staffing issue since technology provides employers with access to a greater pool of potential workers from all over the world who might not have access to basic skills training or experience.
Emerging tech has given us more power than ever before, and it will only improve as time goes on.
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