Top 5 HR Tech Trends You Must Embrace to Thrive in 2023

Management of human resources does not only mean dealing with people and supplying human capital as per the needs of the business but also guaranteeing a better work environment for the employees. With the changing work model after the pandemic to hybrid and remote, the need for HR is felt more than ever.  

Businesses have developed creative technological trends that are upending HR management methods to address the challenges of operating efficient HR functionalities remotely. We shall discuss some of the HR tech trends that will help an organization thrive in 2023. 

ALSO READ: Things to Consider Before Investing in New HR Tech 

1. Improving Hybrid Work Model Experience 

One massive trend that emerged from the pandemic was the hybrid work model. As per a recent Gartner poll, 48% of people wish to work from home after the pandemic, compared to 30% before COVID. But Forrester’s prediction report states that one in 3 companies shifting to a hybrid work model will not succeed in it. The primary reason is redesigning the workplace, and job roles, and creating an engaging work environment. 

Thus, some companies are taking proactive measures to make this model work and this includes: using space management technology to reserve office spaces; deploying multimedia content like videos and surveys to interact better with employees; centralizing the platform to integrate multiple employee applications, thereby enhancing productivity. 

2. Metaverse Craze 

The hype around NFT and Metaverse, some of the most searched words in Google last year, has started to decline this year. But metaverse is still the perfect tool for HR. Its potential to bridge the gap between virtual and physical offices is the need of the hour in this hybrid work model. Employees can leverage AR and VR to collaborate efficiently and engage more authentically from remote settings. 

3. AI Importance 

According to the latest IBM survey, 66% of CEOs think AI can drive significant value in human resources. This includes assisting with routine tasks and giving profound insights. This will aid the managers to make informed, data-driven, unbiased decisions that are further aided by automation and intuitive decision-making systems. 

4. Data-Driven Diversity, Equity, Inclusion and Belonging 

Diversity, Equity, Inclusion and Belonging (DEIB) culture is getting popular in the last few years. The main reason is that diversity results in better financial returns as providing a workplace with the same opportunities for everyone means investing in healthy competitiveness and professional development. 

One of the emerging HR trends in 2023 is a reliable and data-driven DEIB strategy as the lack of data to analyze outcomes has been unproductive so far. This involves driving various processes such as sourcing, hiring, onboarding, employee engagement, grievance redressal, and policy formation through a competent tech-enabled system. 

5. Prioritizing Mental Health 

Mental health awareness has taken center stage after increased incidents of depression and anxiety during the pandemic. And it has also been proven that focusing on the mental health of employees by organizing corporate events, building the team feeling and investing in engagement has resulted in enhancing company status and productivity. This approach also helps in employee retention. 

Final Words 

Summing up, HR is one of the key players in the organization to adapt quickly and effectively to the evolving nature of work post-pandemic. Apart from the aforementioned, we can also expect to see the amalgamation of HR tech platforms with employee benefits such as loans, taxation, healthcare, and entirely new zero-touch talent acquisition with AI.  

Thus, a data-driven, tech-savvy HR availing all the available and emerging technologies can be a game-changer for companies across verticals in 2023.