Human Resource

Highlighting CXOs 2023 oriented strategies: Converging or Diverging? Adapt or lose ; 4k CXO level believes in this Darwin’s theory of evolution for the massive turbulence in the corporate sector. Top-level priorities have shifted dramatically in order to adapt to the situation transforming digitally and broadening their focus to include the following factors: The climate clock is running out Believing in ‘Now’ or ‘Never’; CXOs are all set to take initiatives towards mitigating climate change with a commitment to reducing the carbon footprint, says Deloitte’s 2023 CXO Sustainability Report. 84% of CXOs believe that the world can achieve global economic growth while also reaching climate goals. War for getting a right talent Gartner’s report is a reflection of the war on talent stating that 49% of CEOs believe it is very tough for us to identify and hire the kind of people we need for our firm. Around 85% of CEOs believe Upskilling is the only path to a future-proof career. Bl...

Today the world global economy is rising with the birth of new rivalries, We have been seeing the boom in an automobile since "Hindustan” and “Padmini", But through them, new eras consisting of cyclic phases have marked constant changeovers in the automobile market. The new venture, the then "Maruti Udyog Limited" marks the entry of small cars. The Seek to surviving in the industry made the qualifiers to jump into the new pool of new entrants a new rivalry. Connecting the old loyal school profiles to the new game-changing companies has been the current question mark for the HRs. These loyalties are far seen broken with the entry of Korean and Japanese carmakers, because of which constant switchover of the executives went down for 35 long years. Today marking the beginning of a new era the industry is being taken into a new competitive analysis with the entry of Chinese automakers like - "the great Wall motors". the pool has become bigger. Acting as th...

The above conversation may be fictional but the underlying thought behind it isn’t. The perception that friend 1 ( Sharad) had about HR’s is exactly what most people think and a lot of the credit goes to social media. Articles from popular micro-blogging sites are shared on a daily basis on social media and they help in spreading this common thought. As an HR, I take offence to these articles and understand that humour is important but not at the expense of a profession.   HR is supposed to be the one common bridge between all the other departments. Right from recruitment all the way to the exit, we do it all. And yet our work goes unrecognized. Is this point of view harming HR as an industry? No, not yet. I am sure this is a common consensus that people love reading, laughing& sharing there funny HR articles without realizing that they are spreading false facts by dissing an entire profession. Let me tell you the reality of being a human resource profess...

It's the first day at the office and Rini is all set to play her role with a positive attitude. Every work that she is given is an opportunity to learn. Every day at work is building her personality and she is witnessing her growth with a determined heart to keep it going. Her leaders are supportive and the office culture is also positive. It seems like the best workplace for her.  It's been a year now, Rini has attained a higher position at her workplace. But there is a pattern that Rini has started to find in her job. She misses on the challenges she used to face. And to add onto this, her leader has also left the organisation. The new leader believes in the final outcome and is more into delegating. Rini has queries but his leadership has no time to listen, all it wants is the end result. One day her leader calls her to his office and hands over a huge project to handle. Rini's excitement levels are at high and her mind has already started thin...

Ever since the industrial revolution soared, operations became a time-consuming altar. We can’t stress enough on the importance of introducing technology in HR. According to TOI, in a survey by Willis Towers Watson, companies in India expect the use of automation in the workplace to increase from the current 14 per cent to 27 per cent in coming three years, higher than the global and APAC average. "The advantage with the Indian market is its ability to skip steps and trench technologies," says a Senior Director for the Oracle's Asia Pacific operations, Shaakun Khanna. "In India, companies are relatively young and can embrace technologies faster and leap straight into the future," he also added "If an employee were to tell Amazon's Alexa that she was pregnant, it will not only congratulate her but also inform her about the pregnancy-related assistance in the employment package. Similarly, when prompted, it will also write an email to the H...

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...

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...

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...

Progressive organisations 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...

Akeela having completed her executive MBA in marketing from a top b-school has recently joined a tech startup in Bangalore. During the interviews, she was trying to gauge the culture of the company however with limited time available in the office space and lack of inputs available on the internet about the startup company, she couldn't find much information and reviews. Shortly after joining, she realised that her boss, an ex-star rated employee of a big 4 firm, has been extremely loud and foul mouth. While Akeela was on the learning curve in the very first week of joining, she found her boss to have humiliated her in public twice for not knowing a few data analytics processes. This was an extremely unsettling feeling for Akeela. Soon she found from her colleagues that there has been a high drop out in the past because of the bad behaviour with the employees. And in the very first month of her joining, she started regretting her decision of joining a startup. In the pres...

As we are moving in the digital era, the term 'Man-made consciousness (AI)' is a part of our day by day discussions. We hear all kind of things about machine learning having a worldwide effect by streamlining and simplifying the procedure we perform to complete a task in a more productive and less tedious way. What is Artificial Intelligence?  We heard a lot of AI or technological advancements, but what exactly these terms are? In straightforward terms, Artificial Intelligence (AI) is the capacity of a machine (or a mix of various machines) to settle on wise choices (like what people can take) in view of the accessible dataset. The process of self-learning by machines is otherwise called machine learning. How Artificial Intelligence is affecting the logistics industry? • The estimation of the Indian  logistics industry  is relied upon to increment from US$160 Bn to US$215 Bn in the following two years. • Indian organizations are quickly coordinating AI w...

“With rapid movement at the top management, now headhunters are geared up for a better display."  The role of leaders at the C-Suite level is evidently crucial, hence any transition taking place at this level will affect the whole organization. On the other hand, these movements have emerged as a good business proposition for the headhunters. With the increasing pace of transitions, the headhunters have become even more active and are trying to get hold of the segment by showcasing themselves in the best possible manner to the prospective clients. But what led to these sudden transitions at the C-suite level? The current volatile economic scenario and the greater competition among corporates have made board members/promoters more aggressive in their approach to sustaining growth. This leads to the higher expectation of board from top management to deliver faster results which is a herculean task considering all practical feasibility. Also, sometimes people ap...

CXO level hiring. Undoubtedly, the drastic changes at the top management do affect overall organizational operations. And many times it makes a detrimental impact on productivity and short-term profitability shakes the confidence of customers, investors .also this can lead to loss of key talent in organization These effects can be multifold if he is celeb CEO. Like we witnessed 30 go air pilot’s resigned after CEO exit, Reliance Life has taken some hits last financial year when Anup Rau resigned. Sometimes Celeb CEO exit may even effect various cos like ripples were there in some startups when Nikesh Arora resigned. High-profile departures remained a very frequent activity in the start-up ecosystem in India this year. in case of start-up brand equity of the company is mostly dependent on Celeb CEO. When the CEO resigns for reasons unrelated to the business, especially unseemly ones, we can expect some serious financial hurt. In t he current volatile economic ...

Being working doesn't mean it has to be boring, it's about finding the gaps and filling them with wonderful things. Here's is how you can do it. Stop being calculative When you are working with an organization and staying there for major part of your day, you are supposed to pour your heart out to every task you do. We have to stay there for 8-9 hours, there cannot be an escape, then why not utilize it fully for learning, exploring and accomplishing our best. Time killers   Every organization contains some specific lot of people, who are more focused towards not-so-important issues rather than their work profile. They mostly spend their day gossiping, cribbing, complaining or having juicy discussions about the personal lives of other colleagues. Naturally, they have no personal development goals and pretend to be the most ideal human beings present, our suggestion is to ignore such people politely. If given choice spends your valuable time talking to great minds...

In recent years, the market globalization is fueling greater competition among corporates. Now large institutional shareholders are becoming a new source of external governance.  In response to these massive shifts in the environment, the firms are spinning off their peripheral businesses, focusing on core areas and outsourcing selected activities.  One of the recent transformations in the corporate world is the skyrocketing number of executive team. According to a survey of some 300 Fortune 500 companies, the number of functional managers reporting directly to the CEO has doubled, from an average of 5 direct reports in 1986 to an average of 10 today.  A power shift is occurring in modern businesses as the functional managers who report directly to the CEO – are taking greater control in business management.  CEOs are eliminating layers in management ranks, broadening their spans of control, and changing pay structures by increasing in...