The year 2017 is looming, and it is time to focus on what the human resources (HR) industry will be like in the coming year. 2016 has been great for HR practices, in particular with the concept of Bold New HR on the rise; but this means the following year should be even more exciting focusing more on talent acquisition trends 2017.
Technology and new trends will be dominating the industry like anything with organisations taking a step ahead in implementing new concepts in the overall process of talent acquisition. Technology in HR is all set to redefine the real dynamics of the recruitment industry. In a recent report published by Deloitte on HR, some broad trends for the year 2017 are highlighted. These trends are expected to dominate the world of talent acquisition in the coming year.
Let’s take a look:
#1. Accelerating revolution of performance management
The way performance management is conducted at organisations today has undergone a drastic change. Many companies are doing away with the bell curve system of appraisals and coming up with new techniques in its place like a 360-degree feedback, peers’ feedback and so on. Organisations are creating a more agile approach towards performance management that moves around shared goals developed from the bottom up, periodic check-ins, and transparent to the entire team.
#2. An explosion in real-time engagement evaluation
The second significant shift in talent acquisition trends 2017 and people management is the explosive growth in the pulse-based survey and feedback systems. More and more companies will realise the significance of real-time engagement and real-time evaluation of employees that will warrant a better future for the organisation. Companies are expected to conduct surveys quarterly and sometimes even on a monthly basis. Employee engagement would be that significant.
#3. People analytics will grow in leaps and bounds
2017 will see an upsurge in the use of people analytics. Since organisations have already moved to analytics from back-office HR data, various types of HR analytics are being implemented on a regular basis. The notion of creating a predictive model for recruitment and talent acquisition has taken a big leap and recruiters are all set to grab and implement the same. In upcoming talent acquisition trends, 2017 analytics will become more prevalent; companies are moving away from building their solutions to acquiring them from vendors.
#4. An entirely new scene for talent acquisition
It is predicted that 2017 will witness a whole new landscape for talent acquisition. It goes without saying that today’s talent acquisition market is highly strategic for many companies. Several new tools have emerged in the domain and are consistently dominating the sphere of recruitment.
These new tools and disruptive technologies are designed to connect to LinkedIn and other jobs boards directly and can store candidates’ information that can revisit time and again. These systems manage candidates and even alumni. The continued evolution of job boards is yet another disruption that would be prominent in the domain.
#5. Growth in contingent workforce management
The area of contingent workforce management would witness a substantial growth in 2017. This market that comprises software for vendor management as well as time tracking and scheduling systems is a highly fragmented one, with only a few large market leaders. As the percentage of employees working on a part-time basis grows, an upsurge in this market is also expected. Industry experts are looking forward to it.
#6. Merger of team management and HR tools
There exists a wide variety of software that helps people in collaborating, sharing and setting goals, and apparently, work together as a team. While they may not inevitably come under HR technology tools, most are making an entry into the HR tech market. It would reverse a major trend that would be seen in the forthcoming year in the world of talent acquisition.
#7. Continuous evolution and explosion of the learning market
The corporate learning marketplace is ready for a revolution. According to millennials, the ability to learn on the job is their top priority, especially when they are looking for new jobs. The use of on-the-job learning, apprenticeship, virtual learning and collaborative learning has exploded. Keeping that in mind, corporate trainers are investing a lot in tools to integrate, consolidate, measure, and curate various types of content for employees.
#8. Digital HR: self-service, Artificial Intelligence (AI) and Robotics Process Automation (RPA)
The final disruptive trend in the sphere of talent acquisition would be the emergence of artificial intelligence and robotics process automation. This vast gamut of technology that covers several products is coming to HR technology. The main outcome of this will be, complete automation of HR. AI and RPA will become a dominant feature in HR, therefore, making things much simpler.
From the above information, it can be concluded that almost every existing HR Technology market will face disruption in 2017. Growth in mobile computing, video sensors, artificial intelligence and robotics are all set to provide HR with a new dimension to the world of talent acquisition.