Poster

HR’s Failure To Manage Innovation Should Be A Worry To Us All

David Perring

 

Of the 15 innovations we highlighted in our summer survey with HR Tech World, the lack of awareness of potentially one of the most transformative technologies should be a worry to us all.

 

Blockchain – the much hyped, and clearly the most mysterious of all the innovations for HR is not on the radar for a massive 84% of the survey’s respondents, with only 1% already using it and only 4% actively engaged in how they are going to apply it.

 

This rating places blockchain at the bottom of the league in HR’s innovations.  But through the eyes of technology experts, blockchain is potentially a revolution in HR waiting to happen.

 

Now, if you’re still scratching your head about what exactly blockchain is, here’s a video that might help:

 

 

Essentially, blockchain is a network that enables us to instantly transfer value, or information, within what is claimed to be an unbreakable audit trail.  In the HR world that has implications for the payment of individuals, the maintenance of qualifications, the exchange of intellectual property and the rise of completely virtualised operations, which some claim could even out uber Uber.

 

To be fair this is one of the most hyped and immature IT topics.   But what our research highlights again is the lack of structured planning conducted by HR around innovation.

 

In our research into HR Realities in Europe last year, less than 25% reported having a specific innovation plan.  And for over 40%, the only answer for innovating is to either do nothing or wait for their solution providers.

 

The issue is that, at best, only 1/3 of customers see their providers frequently innovating, so whilst that strategy may appear safe, it’s not the most competitive.

 

Now you might think does managing innovation matter?

 

The short answer is to innovate or die.  If you don’t evolve at this pace you are only playing catch up and you will become a sidenote in history rather than a leading player.

 

A process for managing HR Innovation
Fosway HR Innovation Model

 

So, whilst blockchain may only be on your list of “ones to watch”, not actually knowing what it is, is a bad answer, and not knowing its potential for HR is equally as dangerous. It shows you’re not effectively scanning your future horizon for where the next iceberg might hit or where the next destination should be.

 

At Fosway we suggest using the Innovation Model (above) to help you think through the innovations your team might want to manage, typically by holding a 6 to 12-month review of innovations in technology and thinking. This should include input from your IT team and independent thought leaders like ourselves. At least that way you are scanning the horizon and planning your future – even if, as is the case potentially with blockchain, that it’s one you should be watching rather than one you need to be piloting or adopting right now. Whereas the innovations needed to cope with GDPR is something you need to be adopting today.

 

What to do next…

 

We are about to announce the results of this year’s HR Realities Survey 2017 covering essential HR trends and HR innovation and these will be presented at HR Tech World on 24th October in Amsterdam, in the HR Analyst track.

 

Don’t miss it – it just could highlight the innovations you need to watch next!

 

-David

 

 

The post HR’s Failure To Manage Innovation Should Be A Worry To Us All appeared first on HRN Blog.

Read more >

Published on Oct 16, 2017

People also viewed

UNLEASH LAS VEGAS VOLUNTEER PROGRAM

Las Vegas NV United States Las Vegas, NV, United States Customer Service
Join UNLEASH London as a volunteer and gain unique, hands-on experience from the masters of event and conference management! You’ll act as an integral component of our show’s operations team from 14 May to 16 May 2018 inclusively, with all of your...

Campaign Manager

Budapest Budapest Hungary Budapest, Hungary Marketing
Working closely with and reporting directoly to the CMO, a Campaign Manager is the liaison between sales and marketing for UNLEASH America event, responsible for continuing the relationship with our delegates for the event to ensure sales has qual...

Head of Digital Marketing

Budapest Budapest Hungary Budapest, Hungary Marketing
Reporting directly to the CMO, the Head of Performance Marketing will be responsible for the planning, implementation/optimizing and analysis of all digital marketing campaigns/channels for shows and news site. This position is key to future growt...

International Delegate Sales Executives

Budapest Budapest Hungary Budapest, Hungary Sales
Our Sales people connect with the most successful companies in the world and grow our community of the top global decision makers. You will be responsible for liaising directly with C-level executives, VPs, and Global Directors to provide them wit...

Conference Sales Manager

Budapest Budapest Hungary Budapest, Hungary Sales
As Conference Sales Manager in our high performing Delegate Sales team will be responsible for liaising directly with C-level executives, VPs, and Global Directors to provide them with an unparalleled community to find the perfect HR technologies ...

International Sales Manager – Sponsorship

Budapest Budapest Hungary Budapest, Hungary Sales
As International Sales Manager in our high performing Sponsorship team will be responsible to liaise directly with CEOs, Founders, GMs and Global Heads of Marketing of the World's Top Solution Providers and Startups in HR Technology to provide the...

Job Alerts

Not ?

Thank you