How Could Hr Benefit from Beat? Here Are Practical Solutions
At BEAT — we focus on tackling problems and coming up with cutting-edge solutions. We’re working daily in showing the true potential of the innumerous data points generated everyday in the world of Sports and Health.
As you know, the BEAT ecosystem aims to become a state-of-the-art blockchain platform that, by creating a sustainable platform, will safeguard your data and allow users, the so-called Data Providers, and entities, the Data Consumers, to connect and also unlock its hidden potential in an truly comprehensive understanding of your health and activity data.
So how could, for example, companies, HR recruiters or employers benefit from implementing the BEAT ideology in their routines and protocols?
As one of the main BEAT premises is total control and ownership of your data, users can access it every time they exercise, later deciding with whom to share their data with — whether it is with a fitness provider, a team of university researchers, or a health institution.
Companies, by implementing the usage of blockchain on their internal HR protocols, could benefit from a easier and smoother process when it comes to talent acquisition, keeping morale and motivation high, the payroll system flow, faster data mobility and, of course, ensured security.
By verifying candidates and crossing their potential with the required skills for a position does take a vast amount of resources, such as monetary investment and time. With the usage of a blockchain system, the necessity of third-party backgrounds check becomes obsolete, allowing recruiters to access the candidate’s data and an automatic background check would take place, assessing the potential match of the candidate to the role and its requirements, upon agreement of data sharing.
A transparent access to data also assesses the possibilities to match accurately a candidate to an ideal position and a dream skill set. If candidates are not a match, HR can also keep track of them and their skill development, later reconsidering applicants for open positions. Placing profiles in the right positions is crucial, as it boosts morale, motivation and creates chains that could lead the business to higher levels of productivity, creativity and motivation, later leading to profits and overall success.
As for companies, implementing the BEAT system, they will have the ability to reward their employees for working out and to subsidize gym costs by paying sports clubs directly in BEAT tokens, incentivizing good practices in healthier and more productive lifestyles, so that employees will be less likely to call in sick and stay motivated.
On the financial spectrum of human resources, while holding hands with blockchain networks, cross-border payments is a topic that should be handled with care, especially in the current, fast-paced times we live in. Exchange rates are ever-changing, so to tackle old-fashioned payroll systems the implementation of a internationalized blockchain-based coin could be an option of keep employees and employers financial interests safeguarded and remove international payment fees.
With the help of Third Trusted Partners, the data security would be kept in check, as these entities would facilitate and review all forms of transactional communication between Data Consumers and Providers, in the case of sports industry for example, various health and sports providers, apps, smartwatches, fitness trackers, digitally enabled equipment, gyms, clinics, physicians, trainers, etc. They would also enable a more consistent and accurate data quality control within the BEAT blockchain.
By gathering this data, companies can also evaluate the true potential of a user in the case of recruitment process, talent scouting without the necessity of medical proof, physical exams or extensive tests.
Users control their personal data, share it with sports sponsors, talent scouts, doctors, insurance companies and whomever they think will be most beneficial.
The data is there — its individual, unbreachable and it speaks for itself.
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