It’s no secret that we live in an increasingly growing digital world. The way we communicate, access information, and conduct business has changed drastically over the last ten years, and it will continue to change at a rapid pace as we approach 2030.
With the advent of new technologies, it is believed that one of the most hyped technologies- 5G technology is going to bring a revolution in India.
5G is an upgrade on current 4G technology, which lets you download data faster and connect more devices at once. But that’s just scratching the surface of what 5G can do. In this blog let us study in detail about 5G technology, its benefits and how it can be a survival tool for the future of work by redefining HR software, specifically in managing the workforce in any organisation.
What is 5G?
5G stands for fifth-generation wireless technology. It’s a new standard that will replace the current 4G LTE and 3G standards. In some cases, it might be referred to as “5th Generation Wireless” or even “5G Wireless.” The new standard is expected to bring major changes in speed, performance, reliability, and capacity. It will also make possible new applications of mobile technology that we haven’t even dreamed of yet.
“According to a report by Ericsson, 5G is expected to drive US$500 billion in economic value worldwide by 2035. This means that businesses are looking for new ways to leverage technology. This is where recruitment processes come in.”
What are the anticipated benefits of 5G?
5G’s biggest difference from previous generations of cellular technology is that it offers more bandwidth—the amount of data that can be sent through a network without degrading its quality or slowing down communications—than previous generations did. This means that 5G has higher bandwidth than even 4G LTE networks do!
The main benefit of 5G is speed: it will allow you to download a 1GB file in about 2 seconds! Other benefits include- improved connectivity (superior coverage) and reduced latency (less delay)
5G has the potential to change everything about how we live and work, from how we buy groceries and shop for clothes to how we get around town and stay in touch with family members who live thousands of miles away.
How 5G is going to bring revolution in India?
Undoubtedly, 5G will disrupt every industry in India be it healthcare, education, IT or software. This new technology is anticipated to redefine how every industry works and performs, and is expected to exponentially improve the productivity and satisfaction levels of employees.
It’s not just big businesses that stand to benefit from 5G; it will also help small businesses grow because they’ll be able to offer their customers better service at lower prices than ever before.
Let us walk through the employee journey and find out how 5G can help HRs in reinventing their journeys and HRMS system.
Recruitment is highly dependent on a company’s ability to provide an appealing work environment for candidates to work. And this plays a huge role in ensuring that companies have the right employees who can help them reach their goals.
With 5G connectivity, you’ll be able to offer candidates better remote access (in terms of speed and latency) than ever before.
This means they’ll be able to more easily perform tasks like video conferencing from home or office, which could help them feel more engaged with your company even before starting their first day on the job.
With its speed and reliability, 5G makes it easier than ever before to attract new employees and retain existing ones.
With 5G, onboarding processes can also be streamlined significantly. Instead of waiting hours or days for new hires’ paperwork to be processed, employees can be brought up to speed much more quickly—all while they’re still in the building! And because 5G is so much faster than previous generations of wireless connectivity, employees will have access to all the information they need right away.
Using 5G for onboarding processes will allow you to provide training remotely instead of having candidates travel back and forth between locations multiple times during the process.
You’ll also be able to keep track of all the information you need about each candidate (such as their location) without having any delays caused by distance or lack of bandwidth availability.
Also Read: Why Upskilling is Better Than Hiring
Payroll Management Process
The payroll management process is one of the most time consuming and complex tasks in HR departments. With 5G technology, this process can be done much quicker and with less effort. 5G will help you in a better payroll management process by providing more accurate data in real time.
With better connection quality and fewer delays in sending data from one place to another, employers won’t have any trouble getting their employees’ paychecks out on time anymore!
5G provides faster-processing speed and higher efficiency than 4G and 3G networks, which means that your employees’ paychecks can get to them faster and you can be more responsive to their needs.
Also, this will allow HR departments to save time and money while improving their company’s overall productivity.
Performance Review Process
Performance review is an important part of any company because it helps employees to improve their skills so they can do their jobs better.
With 5G technology, it will be easier for companies to conduct evaluations as it offers employers real-time information about each employee’s work performance so they can make decisions based on facts rather than assumptions.
With 5G, managers will be able to see exactly what their employees are working on at all times—even if they aren’t physically present in the office. This means managers will be able to give feedback on performance with more precision than ever before, which will make performance reviews more effective overall.
Attendance Management Process
With 5G, you’ll be able to track employee hours down to the second. This means you’ll have a much more precise picture of who is working where and when—and that can help you better manage the attendance management process.
It also means that if an employee is clocking in late or leaving early, you can know about it immediately and take action accordingly.
We can summarise that 5G can completely change the employee lifecycle. Infact, an HRMS software infused with 5G technology can not only make the journey of employees smoother but make it streamlined too.
5G is the next generation of wireless technology, and it’s going to transform your business. But how? What does 5G mean for you and your team, and what can it do to improve your productivity? 5G is the next generation of cellular technology, and it’s going to change everything.
5G has been around for a few years now and has been steadily rolling out to some countries, but it’s not available everywhere yet, especially in the HR tech industry. But, slowly industry is involved and considering that 5G technology is going to bring a revolution in India and can change the employees’ experience.
If you want to explore how 5G can improve HRMS software, you can book a discovery call with HROne and start exploring!