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Revolutionizing HRM: The Impact of Blockchain Technology
Blockchain technology is being increasingly adopted in Human Resource Management (HRM) for its potential to enhance transparency, security, and efficiency in HR processes. Key applications include secure credential verification, which helps reduce fraud by storing and verifying employee qualifications, and decentralized employee records that ensure tamper-proof management. Additionally, smart contracts can streamline hiring, onboarding, and payroll by automating agreements, while enhanced data privacy allows employees to control their personal information in compliance with regulations like GDPR. Furthermore, blockchain can improve talent management by providing valuable insights into skills and experiences, ultimately transforming recruitment and retention strategies. For further reading, consider resources like “How Blockchain is Changing the Recruitment Process”, “Blockchain in HR: What You Need to Know”, “Understanding Smart Contracts in HR”, “Blockchain and Data Privacy: Implications for HR” and “The Future of Work: How Blockchain Will Transform Talent Management”.
Additional Resources
https://dl.acm.org/doi/abs/10.1145/3383219.3383274
dl.acm.org
Blockchain Applications in Human Resources Management | Proceedings of the 24th International Conference on Evaluation and Assessment in Software Engineering