Post by joypaultop1 on Jan 16, 2024 6:22:55 GMT
Many organizations still face difficulties in implementing effective digital transformation and using data collection for strategic decision making. In this article, we will explore some of the most common challenges that Spanish companies face and how they can overcome them to boost their success in the digital age. Table of Contents Key conclusions from the Study on the Future of People Management How to achieve a digital transformation in the company? Let's first understand what is happening before starting with the possible strategies. I have used the Factorial report on the state of HR in 2023. The report provides a clear vision of business digitalization and its impact in Spain. Based on the data collected in the study conducted among more than 3,000 professionals, including leaders and HR specialists, several important conclusions can be drawn. Free HR study Learn about the future of people management for 2023 with this report Get the studio Key conclusions from the Study on the Future of People Management First of all, it stands out that digitalization is no longer just a theoretical concept, but an urgency for many organizations. This implies that digital transformation has become a priority in the business field, and companies are adopting new tools and processes to improve their efficiency and competitiveness. In the context of the Spanish market, it is observed that companies are increasingly valuing HR departments as allies for hiring talent . Training and support strategies are prioritized to reduce turnover and increase employee loyalty so that they want to stay, building what I always say: A RELATIONSHIP, retention NO, Relationship YES.
This reflects a concern for career growth and internal promotion, which is essential to keeping employees engaged and motivated. Here we still see resistance since the budgets for internal promotion are mostly still lower than those for external hiring. In my posts we analyze this topic. Furthermore, it is highlighted that digitalization is already present in many organizations, although there is still room to improve its Fax Lists use. Approximately a quarter of companies consider themselves “data-driven” and collect data, but do not fully use it to make decisions that impact the business. This suggests that there is considerable potential to harness the power of data and turn it into valuable information for strategic decision making. What I have definitely seen in this immaturity is that many companies try to apply many data collection tools but still do not understand how to obtain reliable data. In this video I talk about my experience at Glovo. Regarding the tools used in people management, it is observed that organizations have mainly digitized operational tools, such as payroll management and shift organization. However, more people-centric tools, such as assessments and reports, have lagged behind in terms of digitization. This indicates that there is an opportunity to adopt solutions that are more focused on employees and their well-being , which is essential to improve the work experience and team engagement . In the specific case of Spain, it stands out that companies have greater maturity in terms of the digitalization of operational processes and tools. However, there is still room to improve and optimize existing processes. Companies are recognizing the need to adapt to this new era and are prioritizing digital transformation to improve people management, attract and retain talent, and make data-driven decisions .
How to achieve a digital transformation in the company? Although significant progress has been made, there are still challenges and opportunities to make the most of digital tools and improve the employee work experience. Below I want to share some of the solutions we can have: Develop a solid digital strategy It is essential that companies define a clear digital strategy aligned with their long-term business objectives. This involves understanding market needs, setting clear goals for digital transformation, and determining the technology initiatives necessary to achieve those goals. Addresses cultural and organizational resistance Resistance to change can hinder the adoption of digital transformation. To overcome this barrier, it is important to foster a culture of innovation and change within the organization. This can be achieved through training programs, effective communication about the benefits of digital transformation, and active employee participation in the process. Invest in adequate technological infrastructure The lack of a robust technological infrastructure can limit the ability to collect and analyze data. It is essential to invest in robust technological solutions that adapt to the specific needs of the company. This may include acquiring data analysis software, appropriate storage systems, and the infrastructure necessary to collect data efficiently. Complies with data privacy regulations Companies should take into account local data protection and privacy regulations. It is important to understand the laws and regulations in force in the Spanish market and ensure that your data collection and use practices are in compliance with them. This involves implementing appropriate security measures, obtaining appropriate consent from users, and establishing clear privacy policies.
This reflects a concern for career growth and internal promotion, which is essential to keeping employees engaged and motivated. Here we still see resistance since the budgets for internal promotion are mostly still lower than those for external hiring. In my posts we analyze this topic. Furthermore, it is highlighted that digitalization is already present in many organizations, although there is still room to improve its Fax Lists use. Approximately a quarter of companies consider themselves “data-driven” and collect data, but do not fully use it to make decisions that impact the business. This suggests that there is considerable potential to harness the power of data and turn it into valuable information for strategic decision making. What I have definitely seen in this immaturity is that many companies try to apply many data collection tools but still do not understand how to obtain reliable data. In this video I talk about my experience at Glovo. Regarding the tools used in people management, it is observed that organizations have mainly digitized operational tools, such as payroll management and shift organization. However, more people-centric tools, such as assessments and reports, have lagged behind in terms of digitization. This indicates that there is an opportunity to adopt solutions that are more focused on employees and their well-being , which is essential to improve the work experience and team engagement . In the specific case of Spain, it stands out that companies have greater maturity in terms of the digitalization of operational processes and tools. However, there is still room to improve and optimize existing processes. Companies are recognizing the need to adapt to this new era and are prioritizing digital transformation to improve people management, attract and retain talent, and make data-driven decisions .
How to achieve a digital transformation in the company? Although significant progress has been made, there are still challenges and opportunities to make the most of digital tools and improve the employee work experience. Below I want to share some of the solutions we can have: Develop a solid digital strategy It is essential that companies define a clear digital strategy aligned with their long-term business objectives. This involves understanding market needs, setting clear goals for digital transformation, and determining the technology initiatives necessary to achieve those goals. Addresses cultural and organizational resistance Resistance to change can hinder the adoption of digital transformation. To overcome this barrier, it is important to foster a culture of innovation and change within the organization. This can be achieved through training programs, effective communication about the benefits of digital transformation, and active employee participation in the process. Invest in adequate technological infrastructure The lack of a robust technological infrastructure can limit the ability to collect and analyze data. It is essential to invest in robust technological solutions that adapt to the specific needs of the company. This may include acquiring data analysis software, appropriate storage systems, and the infrastructure necessary to collect data efficiently. Complies with data privacy regulations Companies should take into account local data protection and privacy regulations. It is important to understand the laws and regulations in force in the Spanish market and ensure that your data collection and use practices are in compliance with them. This involves implementing appropriate security measures, obtaining appropriate consent from users, and establishing clear privacy policies.