Why You Should Do A Digital HR Transformation
If you are planning to start a new B2B business then the requirements are fairly simple. You will need to choose a name for your company and take these steps to register for an LLC. Once the registration process is over, you will need to book office space on rent and build a website for your business.
Thereafter, you will need to hire the right people in your marketing and support team so that you are able to generate a regular flow of leads, convert the customers, retain them and keep your employees happy.
Sounds pretty easy? Isn’t it? But, the real problem that new B2B businesses face is hiring the right people in your team because the success of your organization depends on the people you hire.
Your employees can literally make or break your company. This is where the digital transformation of HR can help. It can assist you in recruiting the best people who can give wings to your business.
Starting Early is The Key
The Digitization of HR has already started to take place and B2B businesses are not left behind from its impacts.
World-class HR organizations are able to reduce costs by up to $7.5 million through digital transformation. This presents a direct opportunity for newly registered businesses to cut their costs and improve their productivity simply by accepting a digital HR workflow. The below figure presents a circle where most companies get stuck. Strategic HR is able to drive digital transformation and break the vicious circle.
Digitization helps to increase the agility of human resources and this is the reason, every new B2B business must opt for the digitization of their HR department right from the start.
Starting early is the key because the sooner you start with the digitization process, the easier it will be for you to balance all of the HR related activities. If you already have a running B2B business having several employees then it will be hard to opt for digitization in one go. In that case, you need to perform the digitization slowly and gradually.
New Ways of Delivering HR Services In A Digital World
Here are the ways through which Digital HR transformation can help your B2B business:
- It will ensure better employee experience leading to a reduction in the number of job switches and higher team productivity.
- Advanced prediction technologies will be used for candidate screening that will save time, effort and money.
- Every employee would be able to receive personalized learning recommendations and a tailored career path.
- The process of employee monitoring becomes easier. (Please note- The legal aspects of employee monitoring must carefully be considered before you implement it).
- The new system would be able to predict the flight risk of employees.
- The HR team will have access to accurate and reliable data that will help them to make smarter and faster decisions.
- Managing the workforce will be easier than before.
- HR digitization will enable your employees to respond to business changes quickly and accurately.
- Your HR team would be able to take precautionary actions as soon as they are able to identify talent at risk.
Examples of Brands Leveraging Digital Transformation
Here are some examples of brands who are leveraging the power of HR digitization as discussed by Neelie Verlinden of Digital HR Tech:
- Unilever takes the help of social media, online gaming, and artificial intelligence to digitize their recruiting process.
- Cisco organizes hackathons to build further optimize their HR process. Besides, the company has an HR app that is voice enabled. The app answers all the employee queries related to HR. This is a great example of HR digitization in action.
- IBM has a digital learning platform for all its employees that assists them in learning and enhancing their individual productivity.
If you are planning to start a new B2B business then make sure to digitize your HR processes right from day one because the sooner you start, the easier it will be for you to manage it. Digitization has reached a level that you can no longer ignore it. Companies who avoid it ultimately have to accept it in the longer run. Always remember that the acceptance of new technologies is the key to drive productivity.