Hard to measure?
Growth and profitability are an outcome of productivity which in turn is influenced by employee happiness and satisfaction. Studies by independent financial analysts show that publicly traded ‘100 Best Companies to Work For’ consistently outperform major stock indices by a factor of 2*. This points to the fact that companies that aim at high performance cannot afford to ignore measuring employee happiness. Technological advancements have now made measuring this key metric all the more easier and accurate.
Technology has changed the way we live our lives. With each passing day, there is some new change we have to adapt to, and accept as a norm. We are dependent on our computers to get our work done. Even operations that have traditionally required human interaction, paper work, analysis, and number crunching, have eventually moved towards digital technology.
As a function, human resources has quietly and unassumingly transformed itself to better our work lives.