The origin of Indian HR arose from the need to manage skilling, training, motivation and industrial relations with the workforce. Today the HR function's role is to 'Attract, Retain, Develop and Engage the best of talent'.
Without much ado, HR and IR are simply 'orientations' of the labour/talent market. When labour demand exceeds supply, the issues are appropriately referred to as HR and when supply exceeds demand, the issues are Industrial Relations. Irrespective of what we call it, both HR and IR require a sound leadership to manage Human Resources. Work classes' form unions, once their individual bargaining powers get diminished, and relapse back to 'individual' bargaining / negotiations, when demand for their services are high (an example of pilots in India). More recently, there has been a growing concern about moonlighting, as clearly there is evidence of demand growing, particularly in the IT industry as we see a growing demand for skilled digital services.
The ABC of Leadership needs to be learnt and adapted to context. Leadership is an Art and a Craft, and in between this is Business. The HR function has evolved over the decades, to reflect the focus on the emergent needs of business, to take on more interesting titles to remain contemporary within the needs of the enterprise. From HR Director to Chief HR Officer, to Chief People Officer, there has been an existential crisis to remain relevant. Of particular interest has been the continuous clamour for having a seat at the table' a.k.a the coveted board position. Well, that's the scenario the world of HR is in. A state of crisis mode.
Denne historien er fra December 31, 2022-utgaven av Businessworld India.
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Denne historien er fra December 31, 2022-utgaven av Businessworld India.
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Gauging Trumponomics For India
Despite some shortto mediumterm headwinds in trade and immigration, the broader Indo-US vision of counterbalancing China’s influence is expected to ensure continued cooperation under Trump 2.0
Reflections on Consciousness and Creation
Indian-American DEEPAK CHOPRA on the nature of the universe, the digital fabric of existence, and the power of a conscious mind
MORE TAKE TO DRIVING IN STYLE
High-end luxury vehicles are no longer part of a niche market, but a rapidly expanding segment of automobile sales, driven by changing consumer preferences, rising disposable incomes and better infrastructure
India's Growing Affinity for Swiss Watches: A Luxury on the Rise
NDIA'S ROBUST ECONOMIC growth, projected to exceed 6 per cent in 2024 and 2025, is fostering a rising demand for aspirational products. As disposable incomes increase, particularly among the expanding middle class, luxury goods such as Swiss-made watches are gaining popularity.
An ENRiching Outlook
KPMG's latest report shows energy CEOs being optimistic about the sector's outlook. ANISH DE, Global Head, ENRC, KPMG speaks to BW Businessworld's Arjun Yadav on what's driving this confidence
Paving the Path to a Sustainable Future
Salesforce's ESG journey has made an impact beyond the company. SUNYA NORMAN, SVP of ESG Strategy and Engagement at Salesforce, shares more on how the tech giant integrates sustainability into its core operations, supporting global goals while empowering employees
LEADERSHIP TRANSITION AT XIAOMI INDIA
Xiaomi India is experiencing a leadership evolution, beginning with Muralikrishnan B's departure as President by the end of 2024. This change underscores Xiaomi's shift towards nurturing local talent amidst dynamic global shifts. The story tracks key transitions from Manu Kumar Jain's leadership to Muralikrishnan B's impactful tenure, along with recent strategic hires, highlighting Xiaomi's alignment towards market adaptability and consumer focus
WEAVING SUSTAINABILITY
Once a modest home textile manufacturer, Jindal Worldwide has evolved into a vertically integrated textile powerhouse, spanning critical segments of the yarn and fabric value chain
FORCE FOR GOOD
FY24 saw capacity expansions for Century Enka in nylon and polyester segments, along with investments in modernisation, renewable energy, and safety initiatives
REIMAGINING TOMORROW
For V-Guard, tomorrow signifies progress, driven by today's actions, setting the foundation for future growth and value creation for all stakeholders