A diverse workforce is always a competitive advantage for organizations. McKinsey & Company, an international management consulting firm, released a report in January 2018 “Delivering Through Diversity” based on a study that included over 1,000 companies in 12 countries. The report inferred that companies having diverse workforce usually have above-average profitability. Today, more and more companies are attempting to diversify their workforce by hiring people based on their talent and ignoring other factors like ethnicity, gender, and race. But, there are still many employers that are not prepared to have employees with disabilities. Also, there are myriad of regulations regarding employees with disabilities which make the situation complicated. What many organizations do not understand is that having employees with disabilities offer the same benefits as hiring others. Also, people with disabilities make up a valuable market, which could lead to increased revenue and if an employer wants to target that market, they must have people with disabilities in the team as well.
Over the last decade, the role of Human Resources has changed tremendously. Gone are the days when it was all about people management – hiring employees, negotiating pay, managing payroll and settling disputes. Lately, HR has emerged as strategic business partner that assists in crucial business decisions and helps organizations succeed in the highly competitive market. It has also embraced technologies like Artificial Intelligence and Big Data to churn out business solutions that benefit the company and its employees in multiple ways. Let’s have a look at the aspects that are being actively handled by HR professionals today, besides the usual ones.
Candidate experience is the new buzzword these days that has captured the attention of human resources professionals. Lately, organizations have realized that candidate experience is as important as employee experience, and helps a great deal in employer branding. In this technology driven world, both current and prospective employees are well connected and social media plays a crucial role in forming the perspectives of people. When candidates have bad experiences during the hiring process, they tell others about it. And, even worse, some of them write about their experiences on websites like Glassdoor, changing the perspectives of a whole lot of prospective candidates. Once people form a bad opinion about your organization, it’s hard to reverse it. A study revealed that 70% of graduates lose interest in an organization if they read about a candidate’s bad experience. Also, majority of candidates do not reconsider an organization, even years later, just because they had a bad experience in the past.
There is hardly any aspect of the world today that is untouched by technology. And, in the wake of technology strengthening its presence in every industry, digital health has emerged as a buzzword in healthcare. Digital health can be defined as the combination of digital technologies and healthcare which aims at enhancing the healthcare quality and delivery. Healthcare industry is experimenting with new technologies to refine the procedures and get desired results in a short span of time. Recently, clinical trials have experienced a much desired transformation owing to digital technologies. Not only there have been innovations, but also elimination of many traditional barriers and constraints. With new digital platforms making their way into healthcare, the efficiency and productivity of clinical trials encountered a great surge, resulting in increased patient engagement, new outcomes and reduced patient withdrawal.