An organization’s workforce is its invaluable asset. In order to stay competitive, organizations must align their human resource strategies with the latest trends and stay relevant to the needs of both, the current and potential employees. Technology has been a game changer, especially in the last couple of years. It has made leaders rethink their human capital development approach to redefine their employee experience.

Here’s a look at 5 trends that are going to have a major impact on human capital development and management, now and in the near future.

Harnessing Technology to Enhance Human Experience

Technology might seem like a substitute to jobs but if we were to look at it smartly, it can help organizations augment work and add a human touch to day-to-day activities. Even with the perennial evolution of technology, jobs can be recreated instead of replaced. An intelligent revisit to AI is the need of the hour to put humans back into the picture with decision-making at the core of their work.

Making Compassion a Priority

For leaders who believe that the head is all they need to manage people or run a company, it should be noted that the heart is equally important. Compassion is that quality of a leader that ensures great profitability of a company in the long run. Every action by an employee, if mixed with compassion, will produce ripple effects that will touch all the stakeholders in a way that guarantees sustainability. If the core values already include compassion, make sure the leaders display it without fail so they can exemplify their behavior for an overall impact on the culture. Organizations must engage a human resources consulting firm to source compassionate leaders to help drive employee engagement.

Customizing Learning and Development

A fixed structure or routine to fulfilling an employee’s learning needs might not be the best way to upskill. With the changing needs of the business, it is essential that learning be personalized and driven by employees for themselves. An ecosystem where learning becomes self-driven will build a strong foundation for ages to come. It’s time the employees take charge of their growth; not needed to be pushed by managers or learning department.

Utilizing Design Thinking in Solving Problems

Design Thinking is an iterative process in which we attempt to understand the user, challenge assumptions, and redefine problems. Solutions that might not be perceivable at surface level understanding can be built through this methodology. It can be integrated into every facet of the employee life cycle and can help organizations reboot their human capital search.

Team Creation for Employees, By Employees

Teams that have incompatible members working together often affect the output negatively. What if team creation could have a say of the employees? If they are free to choose whom to work with, it is least likely to have low productivity or quality. DIY teams are also proportional to less grievances and increased happiness quotient of the company.

With these emerging trends in Human Capital Development, it is certain that organizations with traditional approaches have to offer more, taking their practices a notch higher to develop employees and bring out the best in them.

At The Taplow Group we not only help you source the best-fit for your organization’s leadership through our executive search consultants but also train and develop them to hone their skills. To know more about our human capital services like leadership coaching, professional hiring, management consulting, reach out to us at www.taplowgroup.com