Blockchain and HR
Introduction
The latest trends in the field of human resources have seen the incorporation of artificial intelligence and blockchain. These new integrations have been done with the aim of improving efficiency and effectiveness in the function of this department within an organization. However, there are various challenges that are associated with blockchain in human resource, and this is as highlighted in the article by Michaelides, entitled The Challenges of AI and Blockchain on HR Recruiting Practices. This source highlights the various obstacles that are evident in blockchain, though it mostly outlines the benefits that the use of blockchain technology can bring to the organization in the field of HR.
Article’s Purpose and Problem
The article highlighted above linking blockchain, artificial intelligence, and human resources aims at detailing the various benefits that blockchain brings. However, the article also aims at informing the reader that despite the benefits that the utilization of such technology may bring, there are also some expected drawbacks. Therefore, the purpose of this source is to outline both the demerits and merits of blockchain. The main problem that this article aims to address is the integration of the new digital technologies while handling the complexities that can be attributed to them. The other problem that is outlined in the article is the integration of the new technologies with the existing ones.
Content
The content of this source is divided into five main parts. The first part is the introduction which indicates what the article will cover. The second section of this research article covers how blockchain and HR are affecting HR practices. The third section highlights the hiring practices in firms, while the fourth section provides a discussion of the employment patterns in the emerging age of high-tech super automation. Last but not least, the last section provides a conclusion that discusses the implications of the forthcoming artificial intelligence on employment along with the inevitable income inequality which is bound to develop and impact the society.
Article’s Findings and Conclusions
There are quite a number of findings and conclusions that were arrived at by the author. One of the findings is that the blockchain positively impacts HR practices. In this case, the author stipulates that blockchain technology has the capability of streamlining the routine practices in HR, and this includes payroll and contracts. Moreover, this article also indicates that the blockchain technology will be more effective and cheaper in the long run.
Conversely, the author also finds out that blockchain technology will increase the effectiveness in the hiring practices and this is based on the fact that the new innovation will make it easy for the recruiters to obtain or rather access records of employees to include their degrees and their stated qualifications by using a given blockchain key. To this end, the conclusion is that the use of blockchain technology can help in identification of the potential candidates with various inefficiencies, and can also help in facilitating the hiring of the best-fit minds at reduced costs.
The other finding is that the use of blockchain technology has made the recruitment process easier, faster, and even accurate than it was before. For instance, a CV of a potential candidate for a job can be retrieved in seconds, screened, and verified very quickly. Before the introduction of blockchain and artificial intelligence, the hiring process was tedious and was prone to errors. This is because of the fact that the records of the prospective candidates were manually updated and that there were several occasional errors. Therefore, the utilization of blockchain technology has led to a transformation in the HR function making it faster and even shorter.
Point of View and Assumptions
The author takes a positive point of view about the use of blockchain technology in HR. This is because he only focuses more on the advantages that this innovation will bring to the field rather than focusing on the weaknesses and challenges that are associated with it. The assumption made by the author is that the organization can effectively implement the technology, and thus can reap the benefits of it. Apart from that, the other assumption by the author is that the available technologies in the organization can be easily integrated with blockchain and artificial intelligence. Last but not least, the other assumption is that the staff at the HR department are competent in such a way that they can use the blockchain technology with ease. An overall outlook of the article shows that no bias was involved as the researcher supported his findings with the findings from other researchers.
Significance
This research article is important as it highlights the benefits that an organization can enjoy from using blockchain. Apart from that, the other importance of this article is that it provides both the positive and the negatives about blockchain technology in HR, though it focuses more on the positive perspective.
Conclusion
In conclusion, the use of blockchain in HR is known to bring this organization function to the next level. This can be attributed to the various efficiencies that the utilization of this technology brings. For instance, blockchain ensures that there is the streamlining of the HR functions. Besides, the use of such technology facilitates fast, and prompt workings at HR. Therefore, it is recommended that organizations should consider incorporating blockchain technology, and this is because of the benefits that such incorporation may bring.
References
Michaelides, M. P. (2018). The Challenges of AI and Blockchain on HR
Recruiting Practices. The Cyprus Review, 30(2), 185-197. Retrieved from: http://www.cyprusreview.org/index.php/cr/article/view/578/501