If tech can make everything else easy, then why not human resource management?
A lot has changed about how we work in the past couple of years. According to LinkedIn, 95 job applications are submitted every minute on their platform. Each company’s human resource (HR) department clearly has a lot of work cut out for them when it comes to finding suitable candidates. Besides culling out prospective candidates, HR departments have a lot of other responsibilities, such as monitoring employee performance and maintaining workplace culture. These responsibilities have become particularly challenging because many companies are shifting to remote work environments.
To deal with the challenges of remote HR management, companies have begun automating HR responsibilities using HR tech. Want to know more? Here is a list of some unique HR tech startups that are helping improve remote workplaces’ operational efficiency.
Mesh is a U.S.-based HR tech startup that began operations in 2020. The company has created a social performance management platform, also called Mesh, to help HR teams manage employees’ productivity in a remote setting.
The platform provides companies with management services, such as one-on-one check-ins with employees, real-time appreciation and feedback and pulse surveys. Using the data collected from Mesh, company executives can make more informed decisions during performance reviews and reward employees who have consistently put their 100% into the company.
PayFit is a French startup that provides businesses with a software-as-a-service (SaaS) platform for HR teams of small and medium-sized companies. PayFit assists companies in payroll automation and helps them stay compliant with regulatory changes by making necessary updates on their platform.
It also simplifies the onboarding process for new employees and helps with leave management. As of 2022, around 6,000 companies in France, Germany, the U.K. and Spain use PayFit.
Keeping morale high helps ensure workplace productivity. To do so, HR teams can rely on Headversity. Headversity is a workplace mental health resilience tool that provides solo and team training to employees so that they are better equipped to deal with workplace challenges.
It focuses on preventative care and building resilience through active measurement of how skilled employees are taking care of their mental health, which differentiates Headversity from other mental health-based apps on the market today. Company executives can understand the overall mental health of the workplace by looking at the data insights section on the Headversity app.
The India-based startup Darwinbox is a human capital management platform that handles all HR-related tasks, from onboarding employees to salary payments, transfers and leave management. The platform also provides company leaders insight into employee performance and engagement to help them make the most of their workforce’s talents. Its long list of clients in India includes Nivea, Swiggy, Big Basket and Delhivery.
The U.S.-based startup Ascendify creates talent recruitment software that can help companies hire better. To do so, the company leverages artificial intelligence (AI) to help gauge non-quantifiable skills, like relationship-building and communication abilities. Doing so allows interviewers to recruit the right people for the roles they need to fill.
Besides hiring strong fits for companies, it also helps retain employees by assisting them in finding out how they can utilize company resources to build the skills needed for their jobs. The company has big-name clients, like Cisco, Disney, Deloitte and Panasonic.
What to watch out for when deploying HR tech
Even though HR tech is largely beneficial to companies, HR departments must use their own discretion in how to implement the decisions of HR. Machine learning-based recruitment platforms rely on historical data (which might be riddled with racial or gender discrimination) to make recommendations.
For instance, suppose a tech solution is fed with historical data that tells it that white men from Ivy League colleges tend to get appraisals the most. It might end up using this data to make similar candidate recommendations. There must be a certain level of inspection into whether this data is biased.
As of 2021, 90% of HR leaders plan to increase company spending on HR technology, and the sector is also expected to grow to US$48.85 billion by 2027. The companies listed above can help you automate everything, from managing employee performance, processing payrolls and providing mental health care to offering clients insights on how to accelerate growth. However, it is crucial to keep technology from having free rein in all HR-related decisions and understand there will be shortcomings that you still have to address with regular checks and audits.
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