Tag Archives: HR Trends

HR Trends

HR Trends to Watch Out in the Pharma Industry

As the Pharma industry evolves from relying on manual methods to advanced methods, here are the few emerging HR trends that are bound to increase. With a great advancement in the Pharma space, keeping pace with the needs of skilled manpower has never been greater. That’s why it is imperative to keep a track of the emerging trends in the Pharma industry.

Hiring made easy with HRMS software

The benefits of implementing HRMS software cannot be overstated. HRMS helps to reduce human intervention and speed hiring activities like sourcing resumes, selecting more relevant candidates, or even helps in onboarding and following up interviews and so much more. Thus, making the recruitment process incredibly faster and more efficient.

Rise of Robotics

The possibility of greater involvement of robotics in any industry cannot be emphasized enough. With robotics, Pharma leaders can eliminate redundant processes to achieve process efficiency.  However, its implication won’t hamper anyone’s jobs, rather it is to make the work easier and complement the business. This increase in robotics will surely give a surge to valuable skill sets of engineers who can get the smart work done by machinery and robotics considering the quality parameters.

Focus on Employee Branding

With the change in the industry dynamics, it’s becoming absolutely essential to maintain the brand repertoire. Employer branding and instilling a great work culture for employees have become crucial in a contemporary setting. In this context, fostering a great work environment by integrating the core elements of culture, engagement and performance management will be the key to attract the best talent. By implementing HRMS in your Pharma business, you can get one step closer to employer branding.

Emergence of Big Data and Analytics

More and more companies are realizing the power of HRMS when combined with business intelligence tool. Measuring metrics such as sales forecasting, inventory analysis, profit and loss analysis, quality analysis and 360 degree view of Pharma business will become easier with the help of analytics. The insights generated from the data will help companies gain an accurate understanding of the competitive market and how the business can serve their customers better.

Majority of companies ranked their ability to report, plan and analyze data more swiftly and conveniently after implementing a business intelligence suite with HRMS.

All the above trends point out the need for a holistic balance at the Pharma workplace. With these emerging trends knocking at the door, HR people will need to adjust their workplace and alter their ways to adapt to these changes.  The Pharma industry is full of new advancements and this industry embodies changes like no other industry. This makes it absolutely essential in the Pharma industry to accommodate changes and adjust it as per the changing business requirements.

Revealing Insights on Emerging Trends in HR

While most HR professionals would already be  informed of emerging trends such as artificial intelligence, robotics and cognitive computing in human resource, the advancement in technology means it’s critical to stay informed what’s trending and what are the new ways to manage an increasing dynamic workforce. To navigate the best way forward, it’s imperative to stay on top of the emerging trends in HR.

So, here are some of the trends that every HR manager should know.

People Analytics The Next Big Thing in HR

In recent years, there has been a striking shift in people analytics. The focus has been shifted from understanding employee performance to building a more relevant and effective HR strategy to utilizing the data for predictive modelling.  In every sense, the percentage of companies using predictive modeling has grown to double over a couple of years.

Digitization Has Enabled New-Age Recruiting

Digitization has made the talent acquisition process almost effortless. The use of the social media, job portals, professional network platforms are some of the methods that has eased down the way recruitment agencies or head-hunters work. With this smart technology, HR professionals are taking full advantage to refine their recruitment workflow and to bring in the best candidate.

Digital HR

Digital HR is the foundation for organisational change to achieve business outcomes and to make it future-ready. Thanks to the advanced technology, HR processes can be automated in a different way. Digital HR can improve employee performance, automate manual tasks, and manage the occasional crisis or conflicts.

Fostering a Work-Life Balance Culture

Technology is making things simpler by which we can provide flexibility to the employees. By creating the right-work life balance and giving the options of flexi time and time away from work are some of the benefits that HR personnel are offering it to the next-generation employees. The use of technology is helping HR in a big way to  build a positive ambiance, keep the workforce motivated, foster positive vibes and team bonding.

Employer Branding Through Social Media

Millennial and Generation Z job seekers are digitally savvy and never far from social media. In this context, HR personnel can make most out of social media to reach the right people and create an employer branding for their organization as one of the great places to work for. HR can use social platforms such as Twitter, Linkedin, Facebook to organize their branding activities and develop strategies for each platform.  So, if you want to build a strong talent pipeline and hire the best candidate among all, employer branding is non-negotiable.

The way we manage, converse, and organize ourselves is undergoing a seismic change. This new digital era is forcing us to rethink and reimagine HR from top to bottom. Interested to share some more new trends in HR with us, let’s connect.