The Role of Human Resource Tech in Industry: A Remedy for Human Resource Management within an Organization

DOI:10.34047/MMR.2020.10213

Abstract

Affecting all fields of study, economies, and sectors, the fourth Industrial Revolution is bringing in new technologies that integrate the physical, digital, and biological worlds. The way of doing business practises have changed dramatically as a result of technological advancements such as improved communication tools, computing, and the internet. Technology is profoundly changing the workplace in an unprecedented way, just as it has in every other part of life. The phrase "HR tech" (Human Resources technology) refers to a broad category of hardware and software tools used to automate key HR processes like hiring, onboarding, performance evaluation, and payroll processing. HR-Technology is no longer only a buzzword for describing contemporary trends; it is now a useful concept for increasing organisational productivity. HR-Tech has developed into a movement that is redefining the field of human resource management be it high-tech professional conduct, application advancement, and venture creation by fusing the idea of HRM with technology and ergonomic design. HR-Tech is more than just application software to support HR administration and optimise time-honored HRM. By the use of software and computing, HR-Technology is developing a new industry, i.e. the industry of innovation and systematisation. As a result, HR-tech has given birth to several enterprises, and new entrepreneurs are gravitating towards such businesses. The impact of HR-Tech on organisational HRM performance has been extensively documented, although the use of HR-Tech in business is still relatively uncommon. This article makes an effort to summarise the function of HR technology in industry and offer a remedy for human resource management within an organisation.