The HR Industry or the Human Resource Industry is one of the most dynamic and unpredictable of all the industries and resources in a market. The very core of this industry lies in the fact that its resources are human and there are no set ways and methods one can easily manage humans unlike the other resources such as fixed and movable assets.
The HR industry is estimated to operate between 1 billion resources and assets worldwide and requires the use of technologies to keep up such as HRMS systems, payroll, and HR software in India, which can be custom created for each industry or even each business so that the HR managers and employees can easily track and manifest their resources.
Technology and Human Resources
Human Resources or the HR department is the wing of any business or company that deals with the human asset of the business, the people who work and operate the business and act as the very core of the business.
A human resource department usually consists of a Department Head and a few managers who tend to keep a track of all the other resources employed in the various departments and facilities of the company such as Production, Manufacturing, Procurement, Sales, Marketing, Accounts, etc.
The Human resource department is also responsible for the affairs of the top bosses such as the CEO, the MD, the Board of Directors as well.
Technology has changed the way Human Resource managers used to work in the companies – HR solutions and systems have changed the way managers can operate and manage information and deliver results and reports more accurately and effectively.
In a large-scale company, handling tons of human resource data can be quite cumbersome, and modern-day solutions such as Payroll software, HRMS, HR software in India, etc, can be quite helpful.
Technological Changes in HR Industry
In modern days, there are many software and technological aids that have changed the landscape of HR. Below are some of the recent technological updates in the industry:
HRMS refers to Human Resource Management Systems – this technological update has taken the HR industry by a whirlwind by integrating Database management systems into the Human Resource recording system. It is easier to store and input data and manage the data more efficiently than ever with a HRMS system in place. They can be customised as per the company and can look and work uniquely based on each individual company profile.
2. Payroll Softwares
Payroll softwares is another great way to organise and handle all employee payments for salaries, incentives, bonuses, PF, gratuity, and other such deductions and inclusions efficiently with just a click of a button instead of all the manual work.
3. Attendance and Leave Management
The technology that most industry have jumped onboard is the attendance recordance system which is linked to a physical device that helps record the attendance of the employee and transfer this data to software information so that leaves, timings and other such information can be recorded effectively.
4. Mobile Apps for Employees
Many software companies have introduced mobile apps that let an employee track not only his work and other related information, but also his pay, leave, and IT-related information.
5. Employee Communication Suits
The communication suite works on various interfaces and connects employees on one platform for communication across the company such as newsboards, emails, text messages, reminders etc.