5 HR Technologies That Will Redefine the HR Space in 2023

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By Sumit Sabharwal, CEO of TeamLease HRtech

The management of human resources (HR) involves dealing with people and supplying businesses with the finest human capital possible in order to achieve the best results. Additionally, it must guarantee a better working environment for the employees. Companies are embracing the concept of remote working more and more as we deal with the current covid pandemic. Additionally, identifying, attracting, employing, and keeping individuals who work remotely presents significant issues for HR management globally. Businesses have developed creative technological trends that are upending HR management methods in order to address the challenges of operating efficient HR functionalities remotely. Since technology is intended to make a big difference in the hiring process, employee management, and maximising staff capabilities, it has become essential to modern HR.

Here are 5 HR technologies that will redefine the HR space in 2023.

  • Node.js: A tech stack is the collection of technologies that a business uses to create and manage a project or application. Node.js is the best technology stack available in the industry. It delivers the best user experience and the highest compatibility with serverless architecture and real-time communication support for the HR tech Industry.
  • Advanced Analytics: The practice of gathering and analysing Human Resource (HR) data in order to enhance an organization’s workforce performance is known as HR analytics. With the use of this technique, HR routinely collects data and compares it with organisational and HR goals. By doing this, one can demonstrate quantitatively how HR efforts are advancing the objectives and strategy of the company. To make sure that the HR managers aren’t confined to a limited number of HR analytics and reporting tools, one could use a blockchain-based advanced analytics engine offering custom analytics and reporting capabilities that can be used in a DIY fashion.
  • Microservices on AWS and Kubernetes: Microservices architecture on AWS allows modularity and scalability to the HRtech platform. Each service may autonomously scale to meet demand for the application functionality it supports thanks to microservices. This makes it possible for teams to appropriately scale their infrastructure requirements, calculate the cost of a feature, and ensure service availability in the event of a spike in demand. Kubernetes helps with the deployment.
  • VR: A virtual environment can aid in overcoming the challenges posed by distance while employees are working remotely. In order to give employees the impression that they are working effectively in a setting that is comparable to their actual office environment, methods are being developed for using VR to conduct meetings and collaborate in a virtual environment made possible by augmented reality.
  • AI: Artificial intelligence (AI) can give HR teams assistance with routine tasks and profound insights. Then, HR leaders are given the freedom to devote their time to acting as the company’s strategic advisors. AI can be used as a layer across HRtech offerings so that HR managers can take informed, data-driven, unbiased decisions that are further aided with automation and intuitive decision-making systems.