With time, the numbers are increasing exponentially. Many of us tend to avoid these mails due to lack of time or delegate to the team for them to review, but the few that you do call for a discussion out of sheer curiosity, brings with it some interesting surprises.
A recent example is worth noting where I had this young computer engineer presenting to me on some of the most revolutionary ideas and concepts on ‘doing HR better’!! Some even left me wondering ‘How did that skip my mind?’!! Like using technology to screen the video interview and suggest the best fit candidate - predictive model on attrition that can tell you how many people and in which category can leave your organisation within next 1-2 months. We all understand that times are changing and the level of disruption across the societal ecosystem is just going to increase with every passing day. But, are we prepared?
Today, the digital tsunami and the speed at which it is moving is compelling businesses to relook into their operative model, their strategic plan and also their framework. HR also proactively or reactively has to undergo this test of time and transformation and adopt to this new wave. This is easier said and done in the present context. In fact, according to a recent Gartner report, ‘HR organizations spend as much as 70-80% of their time dealing with administrative activities and employee/manager questions and issues’. In such a scenario, are we prepared for the next leap forward? Will digitizing certain HR processes, just for the sake of it, give us the desired outcomes or will buying expensive technologies solve our existing people problems in the organization?
How should we look at being a part of the digital revolution and navigate within the organization and keep the relevance of ‘Human’ in HR where AI, ML and talking bots are taking centre stage.
Esta historia es de la edición September 2019 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.
Ya eres suscriptor ? Conectar
Esta historia es de la edición September 2019 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.
Ya eres suscriptor? Conectar
Key Russian central bank official leaves
The First Deputy Governor of Bank of Russia Olga Skorobogatova is leaving the central bank in early December.
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:
Ease of use, personalization & consistent engagement promotes digital loyalty
Murari Lal, Head - Digital Initiatives, Shivalik Small Finance Bank, delves into platforms, loyalty and Al:
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:
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:
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:
Digital embraces Archaeological Tourism
Chief Digital Officers are leading tremendous transformation initiatives. Five CDOs reveal their fascinating journey and their ambitious goals:
Tech will bridge Advisory and Education
Venkatesh Naidu, CEO, Bajaj Capital Insurance Broking:
AI bridges Protection and Prevention
Gyanendra Singh, Chief Technology Officer, Aviva India:
Bridging Products & Distribution for Rural Markets
Vikas Mittal, Deputy CEO, and Amit Thapliyal, Chief Technology Officer, Magma HDI General Insurance: