Metaverse is still playing catch up to the knowledge of the general public. Even technology enthusiasts are wondering how the field is evolving with time. Rather than seeing it as a type of technology, you must see it as a method of embracing it.
Simply put, the concept of metaverse technology refers to a virtual environment where the digital avatars of users can interact with each other or the realm. They can perform various tasks and activities that add value to the brand or business behind the metaverse project.
In this post, we will check out some of the established statistics on the domain of metaverse. The concentration will be on the role and impact of HR systems in the metaverse.
The World of Metaverse
Metaverse meaning applies to anything that already occupies a space in the internet or cyberspace segments. The concept works when it is applied to all the existing technology solutions. These solutions can be general or exclusive to a particular sector. What matters is the information that your task execution in the virtual world gives it form and meaning.
Metaverse is an evolving area with limitless possibilities. There is no specific defined workflow with a fixed notion because the domain banks mainly on creativity and innovation. You can explore the virtual realm as much as you like with metaverse ideals. There is also space for top-level personalization with a scope for strategic upgrades.
The standout feature of Metaverse that attracts fresh takers to the niche is its immersive experience. Users will be drawn into an atmosphere that promotes excellent virtual scenarios and different use cases. We will look into this and more in the coming sections.
Relationship between Metaverse & HRMS
What is a defining feature of the metaverse? It finds ease of collaboration with numerous other segments in technology and business innovations. HR systems are part of this seamless integration possibilities. The relation between the two domains is a special one due to its route of technology-first approach.
With the mutual connection, your HR operations will have a better immersive experience for both parties. Many sophisticated technologies of the fourth industrial revolution are incredibly covered in this situation. Inclusivity is an ideal feature that Metaverse will feasibly leverage as part of your organizational goals.
The buzzing domain will capture many HR processes in its framework, paving the way forward in employee engagement, performance improvement, and training/development support. Key performance indicators or parameters of the HR system can be recorded, accessed, and leveraged for future use by metaverse metrics. It is the next level in the much-appreciated digital transformation principles.
Metaverse Statistics with Onus on HR Services
There is no one-size-fits-all approach when dealing with the HR metrics in the metaverse platforms. Here are a few of the top prominent segments that you should consider:
- Employee engagement
The primary reason for directing HR operations in an organization with maximum effort is to create employee engagement. With metaverse, this function should be represented with even better potential. Studies show that 4 out of 5 employees are interested in an immersive experience under workforce management techniques.
Though these numbers are for the global resources, regional employees’ average is 3 out of 5 employees seeking immersion, which is not bad. More than 60% of employees are keen to become a part of metaverse strategies in their respective work profiles.
- Remote work
The post-pandemic job situation has given rise to remote work opportunities in abundant numbers. More than 20 percent of the professional population prefers a remote work environment. Nearly this percent likes to work in hybrid office networks.
With the rise in hybrid and remote workforce numbers significantly at its peak and set to rise more in the future, the metaverse is apt for HR management. Limitations occurring from a lack of physical presence can be easily tackled with the assistance of metaverse deployment.
- Process orientation
The business process orientation approach has been in existence for a long time now. But newer technologies are giving it an approachable route that goes beyond the expectations the domain had at its origin point. The addition of the metaverse functions is no different.
Every HR activity to simplify the business process, including the likes of employee onboarding, training, development, etc., is better visualized in the metaverse domain. Though the interaction and collaboration are virtual, HR digitization mixed with metaverse strategies will improve the business process orientation.
- Workflow definitions
Every organizational technique and HR process portrays a defined workflow to help with the development of the business brand. HR workflow is not just about engaging the employees. It should also add value to other segments of the organization. Intangible asset development is core in this workflow program.
All integrations with regulatory standards, compliance measures, and digitized team-building activities are all part of this process. Workflow balancing is also necessary for your resources to achieve work-life fit. Application of metaverse features can readily promote all the above functions.
- Industry 4.0 techniques
All core industry 4.0 techniques like Augmented Reality (AR), Virtual Reality (VR), Artificial Intelligence (AI), Machine Learning (ML), etc., are deeply connected to the metaverse. Modern HR system features also encourage integration with these fourth industrial revolution methodologies. Here, you can understand how Metaverse can leverage the connection between techniques using cloud computing or cognitive innovation strategies.
Digital transformation is only completed by raising the bar on the latest innovative tactics. The same applies to the association of HR with metaverse aspects. This fascinating combination is supposed to bring out the best while engaging with the future of work.
- Immersive workforce
As we mentioned earlier, immersion is the sole factor that adds value to the workforce of the present era. When metaverse environments interact with HR product solutions, a complete immersive experience for the concerned personnel, especially employees, is a guarantee. An example is users of the Paradox Metaverse gaming system.
Virtual learning, training, and simulation systems are widely available under this integration. This kind of resource management will contribute to increasing the performance quotient of the employees. Research reports have shown a directly proportional relationship between workforce immersion and productivity.
- Core HR processes
Consider core HR modules to awaken to their full potential when building the organizational processes using metaverse principles. It owes to the fact that the metaverse directly touches sections of the HR processes that need a push to create for the future.
According to surveys, it’s the core HR functions that suffer the most in terms of challenges to the working structure. With the aid of metaverse applications, these challenges can be resolved in real time and with ease. All it takes is smart and practical thinking from the part of the corresponding members that aligns with the business goals.
- Employee experience
If you are targeting a dedicated employee experience with live results, metaverse can offer options to strengthen and empower employees. It will be done with personalized care and support, thus enabling organizations to function at their full potential. Add this to the current HR automation capabilities, and you are in for a treat.
Employee welfare is primarily covered in the metaverse-HR automation combo. Resource privacy will not be violated even though the integral system is transparent at all times. There is no need to worry about cost or time factors either, as optimization steps are in charge during the integration of the two exciting technologies.
Though we have narrowed the list down to the above pointers, there’s much more to be noted and analyzed. We will learn about those in detail in another article where an in-depth analysis of metaverse for HR software will be in discussion.
How Can Artify 360 Add Value to Your Metaverse Ambitions?
When you deploy an automated system to engage with the metaverse, it should be a dedicated one that consistently adapts to the changing requirements of the niche. A feature-rich system alone won’t do the trick. It should be something that acts as a platform for continuous development of related sub-domains and constant implementation of necessary upgrades.
Artify 360 cloud HR software is the right platform to accommodate the above demands of the metaverse technology use case. It will help you become part of the metaverse functions using advanced HR payroll software and create a virtual experience portal that is according to the likes of your human capital resources. You can personalize the HR software system by involving any number of iterations according to the organization’s demand.
