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Showing posts from December, 2018

HR Agility: Managing the Change!

Progressive organizations that are seeking a profound competitive edge in the digital world have been increasingly focusing on the need for HR agility. However, there is lurking concern that HR agility is endangered to become a trending buzzword in corporate conversations. HR agility is basically the ability of the HR function to react instantly and adequately to the evolving employee expectation, business conditions and workplace disturbances. Therefore, HRs are expected to elevate their functions to a level where they can keep pace with the evolving demand. Today’s business processes have a more stable environment. The objective is to drive efficiency, consistency and risk reduction through tight procedures and controls. It is with the emergence of global competition, changing customer demand, political turmoil, supplier upheavals and economic troughs that the stability is getting replaced with permanent volatility. Gone are the days when the pre-structured polici

Why can’t HR position itself as a Main Business Function?

Human resource is the people science and the most complex as it’s is dealing with the most uncertain creatures i.e. we the humans. Still, this function of HR that is responsible for reward and recognition for other departments is still not getting the due recognition for itself! “Why the Indian HR Ecosystem lags behind the HR ecosystems of developed countries?" Let's try understanding the reason ….. The impacts of globalization in the industry is continuously evolving and consequently pushing all work functions to become in-line. Whereas the primary functions like sales and tech are the first one to get aligned, it poses a lot of challenges for secondary functions like HR to match up the same. Sadly, in accordance to a study, 51% of companies are linking business impact to HR programs. In addition, 60% believe in holding HR accountable for not just talent, but also business outcomes. This indicates that almost half of the HR industry is still in the support/a

Electric Vehicle: A source to the nation or requires resources for the nation?

EV’s in India have opened ample business opportunities for automobile companies within the country & across the globe. Many resourceful developments in the Industry have taken place giving positive signs to the rise of Electric Vehicles. So, given the insights of the trending market, does India plan to have all-electric vehicles by 2030? This target seems way too ambitious. The EV Industry has just taken birth in India, to raise or develop the newborn industry. The critical resources like high investments, state policies and incentives will have to take a great role for the nation to compete globally and such resources would be the key factors. As per Dr Pawan Goenka, MD of Mahindra & Mahindra, “In terms of EV Connectivity, Norway has 22%, China has 2%, India has only 0.2% for us to talk about full connectivity by 2030 is perhaps too ambitious but 20% by 2030 is the realistic target”. However, in order to achieve these figures, the Indian Automobile Indust