The world of work has changed drastically within the last five years, which is why HR management has had to adapt rapidly. The nature of job roles and responsibilities are constantly transforming, including roles within HR, meaning HR management is more important than ever before to support both employees and employers. Read on to find out some of the major modern Changes to HR Management and what it means for human resources going forwards.
A global workforce
Thanks to advancements in technology, businesses are working on a regular basis with people on a global level. Who says the perfect candidate has to be based in the same city as the office? The workforce is expanding geographically, which has opened a world of opportunities. Most employers can now take advantage of a global talent pool rather than being confined by geographic location.
A different type of career ladder
More and more young professionals are embracing the freelance lifestyle, which means they typical company career ladder has been altered. The gig economy has made a huge impact across the world, with a lot of talent refusing to be tied down by a contract to one employer. This has benefits for employers, who can hire a range of independent contractors and freelancers from across the world and outsource a number of jobs or departments. However, it can be a bit more tricky for HR as the rights of freelance workers differ greatly, and HR teams have to effectively manage a variety of working agreements.
Culture and engagement
There has also been a radical shift in how workers view their job satisfaction and overall happiness. While salary is still a big indicator, employees place more of a focus on being part of a good, ethical company and feeling valued by managers. Engagement and an effective company culture is critical for all HR management teams as it can improve productivity and loyalty.
Data and GDPR
Analytics and data have had a huge role to play in HR over the last decade, but this progress could be halted by the new General Data Protection Regulation. The new rules are now in force and mean that consent to keep employee data and information has to be more explicit than it was previously. HR holds a huge amount of sensitive data including names, addresses and bank details – which has to be greater protected than ever before. HR managers need to re-evaluate their data collection and storage process to stay compliant, in one of the biggest legal shake-ups to affect all organisations in the EU.