Five HR Priorities Your Peers are Focusing On
HR professionals have revised and upgraded their strategy in response to growing internet penetration and workforce demographics, with incredible results. As an industry, we’ve seen significant increases in automation use, a more experience-focused approach to HR, and continuous data expansion as part of the larger digital transformation trend. HR professionals have been instrumental in the change by leveraging technology to help them improve the employee experience at every stage, from recruitment to succession planning. All this while streamlining their own processes for more efficient and cost-effective workflows.
Here are the top five HR priorities in Life Sciences right now:
1: Ensuring Regulatory Compliance
Life Sciences companies must adhere to strict rules and quality guidelines, including GxP requirements, in this highly regulated business. As requirements become more stringent, the burden of compliance increases, as does the need to ensure and demonstrate that all relevant workers have been properly educated and prepared. Today’s life sciences organisations must harness the power of HR technology and its ability to ensure the right training at the right time in order to comply with increasingly stringent compliance regulations and ensure regulatory compliance training. This allows you to track, manage, and audit training, learning, and development more effectively.
2: Utilising Data Effectively & Reducing Administrative Burden
You must be able to handle large amounts of data swiftly and easily in order to gain actionable insights in a time scale that can make a difference. Many Life Sciences companies, on the other hand, continue to rely on slow systems that provide poor and inconsistent user experiences and offer fragmented insights that require a great deal of manual exertion. Such systems are difficult to expand to handle a higher volume of data or number of users, which could be important when, for example, a pharmaceutical company needs to act rapidly in the event of a public health emergency. HR pros can now collect, consolidate, and analyse more workforce data than ever before with the proper technology.
3: Defining The Employee Experience
Although the term “employee experience” is commonly used, it is a broad concept that means different things to different people. Success is frequently judged qualitatively, a skill that HR has always failed to understand. We expect HR professionals to focus more on defining exactly what employee experience means to their organisations and how they can build a friendly, engaging, and happy atmosphere for all employees in order to give the best assistance for all employees.
4: Utilising Technology Properly
Cutting-edge HR solutions are fantastic, but only when they are effectively implemented and utilised to their maximum potential. Unfortunately, HR professionals are frequently obliged to traverse a complex array of tools and services, which diverts their attention away from providing actual value to the workforce they serve. Recognizing the pitfalls of complex and diverse HR technologies, many companies are abandoning several systems in favour of powerful world-class solutions that can provide a comprehensive set of services. HR professionals may focus on making sure they are leveraging their current platforms to their best capacity with the correct help and training from HR technology vendors.
5: Delivering A Consumer Experience & Implementing AI
According to recent research, the number one benefit HR professionals expected from their SaaS was to improve employee user experience. Delivering a consumer-grade experience will remain a top priority, and AI will increasingly be employed to streamline and simplify the process. Many Life Sciences companies have already made significant progress from their traditional procedures thanks to automation, and even more, advanced technology will undoubtedly continue this trend. For example, AI has a lot of potential in HR procedures, and we anticipate seeing more novel applications in the near future.
Technology and AI adoption are top of mind for 74 percent of Life Sciences respondents, who mentioned that their organisation is piloting or integrating AI across HR and other functions.
The correct HR technologies are required to make the transition to a more digital HR function. SAP SuccessFactors is a cloud-based HxM solution that covers all of your fundamental HR and talent management needs, as well as new needs like continuous performance management, diversity and inclusion, and health and wellness.