A Study of Digitalization in HRM and its Effectiveness in Execution of HR Strategies and Policies

Abstract

This research paper is to investigate the emerging trends of human resource management with reference to digitalization in HRM. The paper will discuss the evolution of digitalization in HRM over a period of time and its contemporary application in execution of HRM strategies and policies. One of the foremost areas the HR should focus upon is ``execution''. The problem statement revolves around ``execution'', though the organization has a solid vision, excellent strategy and right talent. The top priority for the HR is to translate this strategy and vision into execution and make it a huge success. It is very pertinent to ensure the workforce in an organization is aligned to its strategy and priority. Especially, growing organizations do not have the luxury of having exclusive people assigned to do exclusive jobs. It is always all hands on deck scenario all the time. It is wise to note that the organizations are judged not only on their financial health, quality of service or workforce satisfaction, but also on how effectively they integrate with the external world, customers, partners and society at large. For this, the HR Managers have adopted the new ways of discharging their functions using innovate methods and tools like - Cloud HR technology, Artificial Intelligent driven tools, Adjusting the existing operating models, Adding strategic value to the businesses, Automation of mission critical HR functions such as a) talent acquisition, talent evaluation, c) on boarding, d) performance management, e) compensation & benefits, f) maximizing the economies of scale, which means executing it better, faster and cheaper.