Human capital is in fact the biggest risk impacting business performance in today's growing and competitive environment, and although, there has been a management evolution in India, the maturity is not at that extent that it can identify human capital as a critical risk.
Human asset is an important variable in any organisation, and the growth of a progressive organisation is dependent on the means of alignment of the right resource at the right time. Outsourcing HR services is an essential requirement to ensure that the corporate meets the dynamic changes confronting the industry on the HR front, and harness assistance in aligning their businesses. Human capital is infact the biggest risk impacting business performance in today's growing and competitive environment, and although, there has been a management evolution in India, the maturity is not at that extent that it can identify human capital as a critical risk. As a process function, the very role of HR remains limited, and requires constant upgradation with infusion of new skills, technology and knowledge. Specialized outsourcing partners bring with them years of experience in business practices, with a better understanding of domain knowledge, and, deliver requirements on the basis of their understanding, thereby leading to an increase in productivity and efficiency in the entire process.
Advantages of an external specialist organisation
Internal training processes function as a value add, and yet, there is also someone on the outside, who is better informed, is armed with superior education, and suited to broaden a workforce's collective skill sets, and bring about newer ways of thinking. Introducing external companies with expertise to conduct training can bring about drastic improvements in productivity, provided that it aligns with the strategic goals of the company. External training provides access to the best practices from the industry. By way of outsourcing, you can pick the best without any inhibitions.
Denne historien er fra December 2017-utgaven av Human Capital.
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Denne historien er fra December 2017-utgaven av Human Capital.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
Continuous Learning For Growth
Of late, for organizations particularly in the service sector, people have become the strategy. And, if that is the case, the Learning and Development (L&D) department in organizations, and the industry in general, is likely to witness significant growth in 2017 and the years thereafter.
Creating Open Spaces And Minds
As the boundaries of life between work and home continue to blur, employers and employees are sitting up and are noticing the ways and means to offer and avail a worthwhile experience at the workplace.
Striking The Right Balance
In 2017, an employee in the HR Department of a leading global company received an excel sheet attachment in his official mail. While the content seemed harmless, it was in fact a well disguised Ransomware attack which had in fact placed several companies worldwide in the dock. Ransomware attacks targeting HR departments across the globe have since been in vogue since they possess valuable employee data which can be used to commit crimes such as tax frauds and the like.
The Multifaceted Advantages Of AI
AI can speed and automate data collection, make fundamental observations, systemize HR issues, and differentiate customer and employee profiles. But, corrective measures and final decisions can only be approved by people who can understand how to leverage AI tools to acquire accurate information sans the noise and interpret them the right way.
Engagement Surveys: A Means Or An End?
Surveys are not merely a way to check the pulse of the organisation; they should ideally be used as vehicles to improve the organisation culture, people practices and employee experiences which gradually translate into business success.
What Is And What Needs!
The idea of the best fit works only in a perfect universe. In reality, what talent specialists and hiring managers should focus on is getting the close fitment. They should work with an approach that bridges the gap between what is (available) and what needs to be (done).
A Matter Of Strategic Timing!
The term 'work-life balance' has become a popular chant for all working professionals today. A world of different opinions continue to pervade our lives, with one actually affirming that there truly is no direct relationship between the parallel worlds we live in.
Picture Out Of The Frame
A few months ago, Moon Jae-in, the President of South Korea, made an unusual announcement.
Analysis
It is paramount for a pharmaceutical company to meet the business requirement of regulatory compliance.
How Can They Fire Her?
It is a common phenomenon in the corporate landscape to misinterpret the inability to respond to a query by a Manager as a serious lapse which at times leads to termination of his/her services. As a fallout, not only do they risk losing out a person with superior managerial skills, they also dampen the spirit of the juniors in her department, leading to sinking morale and reduced engagement.
