TITLE:
Blockchain as a Catalyst for Green and Digital HR Transformation: Strategies for Sustainable Workforce Management
AUTHORS:
Zohaib Azhar
KEYWORDS:
Blockchain, HR Management, Sustainable Workforce Management
JOURNAL NAME:
Open Access Library Journal,
Vol.11 No.9,
September
6,
2024
ABSTRACT: Many general practices of HR are being transformed by blockchain and are being turned into efficient, progressive strategies. This paper aims to understanding how blockchain can support green and digital transformation of HR emphasizing sustainable workforce management. Blockchain strengthens the protection of information, and at the same time, makes the process more transparent and with less impact on the environment in terms of HR activities. But embracing blockchain in HRM also has its own limitations, for example, technical and legal concerns as well as the challenges in altering HRM. Blockchain in HR implies the HR use of decentralized technology that can provide enhancement in the storage and management of information. It improves data security since, during employment, records and pay stubs are sealed and can only be accessed by administrative HR officers. Transparent approach is also achieved by storing all the HR transactions on a chain that is easily availed for audit, hence creating accountability. However, it also complements these tasks through automation and smart contracts that eliminate the need for paperwork and in Human resource. Blockchain is another green HR transformation that encourages paperless working, energy-efficient business models, and environmentally friendly recruitment. In digital HR, it enables securing of talent management, managing of payroll and compensation, and learning and development. However, addressing all these challenges that come with implementing blockchain in HR is another challenge. For any organization to implement the blockchain solutions, must have the technical know-how of the implementation, to meet all the legal requirements, and meant to deal with the cultural transformation that the solutions will bring about. Those areas include stakeholder management, pilot projects and the commitment to the integration of blockchain into existing processes as well as the improvement of this process over time. In conclusion, blockchain is the most secure, efficient, and environmentally friendly tools for HR management. Thus, if implementation issues are solved and if furthermore strategical approaches are applied, blockchain offers the greatest potential for organizations to work better and more effective for the human resources in the future.