Being a solopreneur isn’t an easy job.
There’s a lot on your plate, and there’s precious little time in the day to get it all done. Human resources work is especially difficult for the solopreneur; after all, most companies have a whole department devoted to HR.
But that doesn’t mean today’s entrepreneurs and solopreneurs don’t have plenty of options. HR technology trends are rapidly changing the industry, and are furnishing even the smallest businesses with remarkable new tools.
AI, cloud-based systems, and remote interfaces are just some of the HR tech trends that are coming down the pike. So, without further ado, let’s take a look at five HR trends that every solopreneur has to know about.
1- Artificial Intelligence (AI)
“Human resources” is a strange term. On its face, it refers to a company’s human workforce; in practice, it gets shortened to “HR,” and the human person is reduced to faceless datasets.
So it’s no surprise that robots—i.e., AI programs and algorithms—are poised to revolutionize HR. Machine learning systems are now used to sift through employee data and inform or even effectively make hiring decisions.
Other programs are being designed to ignore applicants altogether. Instead, they will target currently employed individuals, with the requisite talents, who might be susceptible to the idea of switching jobs.
2- Cloud-Based Platforms
The global COVID-19 pandemic has taught businesses many important lessons.
One of these is that remote work is now a feasible, even a crucial, option in the new, twenty-first-century work environment. The appearance of cloud-based HR platforms means that remote, distributed teams can now easily integrate their work routines.
3- Self-Service Tech
Following on from the cloud-based technology, HR self-service technology is also ready to shape the future of HR for startups.
For instance, employee self-service (ESS) systems are one way that a company’s human resources can have more control over their data. Solopreneurs can use these self-service portals to allow employees to handle their HR functions.
For instance, employees can control their personal data, benefits, tax info, etc. And employers can easily handle the minutiae of the payroll, using self-service paystub generators.
4- Data Security
Enhancing privacy and the security of personal data is becoming more of a priority than ever.
All this talk of cloud-based systems, online self-service platforms, and AI algorithms means our private info is at greater risk than ever before. And with remote work becoming the norm, this is a problem that will only increase in the future.
For this reason, expect to see new technologies for safeguarding personal data appear in HR technology trends. One potential avenue is the adoption of blockchain mechanisms, the same distributed ledger tech that underlies cryptocurrencies like Bitcoin.
5- Mental Health and Wellness
With all this technology, it’s easy to forget the human element.
Amidst an ongoing pandemic, and with all the challenges we humans still must face in the day-to-day environment, employee wellness is a major issue. The solution? More technology, of course—including wearable tech, and digital health care providers.
Embrace These New HR Technology Trends
The world seems to be changing rapidly, and nowhere is this more evident than in the world of business. Today’s entrepreneurs and solopreneurs can adapt by using the newest HR technology trends.