Effective HR = HR operating model + HR technology strategy
Banking Frontiers|April 2021
Alight Solutions third edition of ‘State of HR Transformation Study 2020’ predicts ‘mature’ organizations with HR operating models and tech strategy complementing it will have full value of their initiatives:
mohan
Effective HR = HR operating model + HR technology strategy

The third edition of the ‘State of HR Transformation Study 2020’ done by Alight Solutions has found that organizations with a combination of HR operating model and complementing HR technology strategy are confident in their ability to adapt.

The study has defined 4 archetypes for evaluation purposes - Ad-hoc, which are organizations with limited/ no clarity on HR operating model, Defined, which are organizations that have either their HR operating model or HR technology strategy defined and established, Mature that are organizations that have their HR operating model complemented by HR technology strategy that have not realized the full value of their initiatives and Outliers, which are organizations that are a subset of Mature archetypes who are highly satisfied with their technology deployments that complement the HR operating model.

The study found that Mature archetypes (organizations which have clarity on HR operating model and HR technology) are almost 2 times more confident in their ability to adapt and 2.5 times more productive. Outlier archetypes have been found to be nearly 4 times more confident in their ability to adapt. “Outliers excel on all adaptability anchors, but notably break the trend by excelling the most on navigating to the future that is closely linked to the governance practices in HR,” says the study.

FUTURE IS PRESENT

Esta historia es de la edición April 2021 de Banking Frontiers.

Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.

Esta historia es de la edición April 2021 de Banking Frontiers.

Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.

MÁS HISTORIAS DE BANKING FRONTIERSVer todo
Key Russian central bank official leaves
Banking Frontiers

Key Russian central bank official leaves

The First Deputy Governor of Bank of Russia Olga Skorobogatova is leaving the central bank in early December.

time-read
1 min  |
December 2024
Better prospects for Swiss banking in 2024, says new study
Banking Frontiers

Better prospects for Swiss banking in 2024, says new study

The year could see revitalization of the banking to some extent, finds the study by Swiss Bankers Association:

time-read
3 minutos  |
December 2024
Ease of use, personalization & consistent engagement promotes digital loyalty
Banking Frontiers

Ease of use, personalization & consistent engagement promotes digital loyalty

Murari Lal, Head - Digital Initiatives, Shivalik Small Finance Bank, delves into platforms, loyalty and Al:

time-read
4 minutos  |
December 2024
From Feet on Street to Fingers on Screen
Banking Frontiers

From Feet on Street to Fingers on Screen

Nippon India Mutual Fund is driving into newer customer segments by leveraging voice and vernacular as the drivers, reveals the company's Chief Digital Officer Arpanarghya Saha:

time-read
9 minutos  |
December 2024
Digitization embraces the senior citizens
Banking Frontiers

Digitization embraces the senior citizens

Among other projects, Shriram Capital completely transformed the 2-wheeler loan origination system, reveals the company's Chief Digital Officer Ajay Thomas:

time-read
8 minutos  |
December 2024
Making of the most connected bank in Bangladesh
Banking Frontiers

Making of the most connected bank in Bangladesh

A stream of digital initiatives is transforming Mutual Trust Bank and its customer engagement, reveals Khalid Hossin, who heads the bank's digital banking division:

time-read
7 minutos  |
December 2024
Digital embraces Archaeological Tourism
Banking Frontiers

Digital embraces Archaeological Tourism

Chief Digital Officers are leading tremendous transformation initiatives. Five CDOs reveal their fascinating journey and their ambitious goals:

time-read
4 minutos  |
December 2024
Tech will bridge Advisory and Education
Banking Frontiers

Tech will bridge Advisory and Education

Venkatesh Naidu, CEO, Bajaj Capital Insurance Broking:

time-read
5 minutos  |
December 2024
AI bridges Protection and Prevention
Banking Frontiers

AI bridges Protection and Prevention

Gyanendra Singh, Chief Technology Officer, Aviva India:

time-read
3 minutos  |
December 2024
Bridging Products & Distribution for Rural Markets
Banking Frontiers

Bridging Products & Distribution for Rural Markets

Vikas Mittal, Deputy CEO, and Amit Thapliyal, Chief Technology Officer, Magma HDI General Insurance:

time-read
4 minutos  |
December 2024