HR Bulletin Volume 109 by iimrohtak9

IIM ROHTAK P re s e n ts humane.r@iimrohtak.ac.in HUMANE-R CLUB HR BULLETIN VOLUME 109

In the workforce, hiring decisions are increasingly being made depending on a candidate's skills Thus, skill development should be incorporated into college curriculum rather than being seen as a post secondary option

The style of work and careers is evolving quickly, and in the near future, the essential skills will be valued more highly than academic credentials. We have devoted the first third of our lives obtaining university degrees to find employment for decades. These certificates served as the stepping stones for the final two thirds of our professional journey, serving as seals on our professional cards and the focus was on acquiring knowledge. However, it is being realised that more emphasis needs to be put on skills rather than degrees which can give higher possibility of employability in diverse work places Our tradition skill set was challenged during the pandemic and faced lot of challenges to be productive

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Skill-based hiring to benefit futuristic economy

India's emergence as global pioneer in the start up ecosystem has brought significant changes in the recruitment model and skill based hiring has become a new thing while reskilling is the buzz word During an exclusive interview, Prof (Dr) I K Bhat Vice Chancellor, Manav Rachna University, shares with us why it has become more important for schools and universities to prepare their students as per the demands of the market.

Technology advancements are part of the happenings around us are affecting both our professional and private lives in the modern world on a daily basis In addition, jobs are emerging in new areas which did not exist earlier and these are in design, production, supervision, and maintenance of such technologies and there is dearth of such professionals and are in high demand In order to better prepare students for these expanding sectors, institutions are incorporating several training programmes in their degree programmes This also has changed the perception among students due to these advancements and students are realising and deciding to broaden their learning in order to go into less common career paths…

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What the schools and colleges teach is a match for what organisations want to hire. Please explain.

Since a shift has been seen also in educational sector, it has become more important for schools and universities to prepare their students as per the demands of the market. Most students who pursue higher education do so to improve their chances of succeeding in the future employment market. Students can gain both professional and technical talent besides interpersonal communication abilities necessary for employment throughout their school and college Educationallives.institutions

that keep a close focus on changing market dynamics will have a stronger insight of what organisations are seeking for in students now and in the future, which will give advantage to students studying in the institutions.Academic sector has to take greater responsibility of instilling 21st century skills in their students in order to enhance their chances of having a successful career in today's hypercompetitive and unstable and dynamic job market. Skill or degree: What matters more for hiring managers?

The challenges faced during pandemic made our nation an emerging global pioneer in the start up ecosystem, and the entire recruitment model has since changed, which focuses heavily on skill-based hiring. This is thus, unquestionably going to benefit the new futuristic economy.

As a country, we must transition to a skills based approach in both education and jobs, where the knowledge and skills acquired in colleges are directly related to those needed for employment. When determining whether a candidate is competent for a position and possesses the skills needed to be an effective employee, degrees were traditionally considered to be one of the pre requisite qualifying pieces of information. However, during the past few years, this attitude has changed, and an increasing number of firms are turning toward skills based hiring strategies. In the workforce, hiring decisions are increasingly being made depending on a candidate's skills. Skill development is being and should be incorporated into college curriculum rather than being seen as a post secondary option.

The number of graduates coming out of the higher education institutions and the corresponding employment measures have a built in discrepancy as reported by many agencies. Many graduates are regarded to be unemployable partly due to the fact that, although they have a graduate degree, many of them lack the skills that are needed to get employment in today's constantly changing labour market. The ability to perform the work well demands more than just a degree by a corporation. In my opinion, to have a solid foundation of both theoretical and practical skills is need of the time. With technological advancement everywhere, do you think having a vanilla degree in any academic course will be obsolete in time to come?

Read more at: https://www.peoplematters.in/article/recruitment/skill based hiring to benefit futuristic economy 34852 3 It also provided lot of opportunities and plenty of motivation to enrol in upskilling and skill building programs in order to be able to contribute and make ourselves relevant in these difficult times. The new innovations were made which required a different skillset rather than academic degrees that encouraged inclusion and diversification in the workforce By choosing individuals primarily on the basis of their skills rather than just their academic credentials became the new norm for hiring across the board

interaction with People Matters, he shares groundbreaking insights on key hiring trends, re designing the candidate experience, the critical role of technology and employer branding and more

The recently launched report titled Recruitment Outlook 2022 revealed that 77% of employers across India plan to increase their headcount So as we talk about The Great Revival in finding path breaking talent, what key trends will redefine hiring success in India? Indeed’s recent Recruitment Outlook 2022 report with People Matters surveyed almost 600 HR professionals to identify what they believe will be the latest trends that will shape the recruitment industry in the coming year We found that there are chiefly two key realities facing recruitment teams today. The first one is the need to grow their workforce amidst an intensifying war for talent. With an increased candidate withdrawal rate or ‘ghosting’, it is quickly becoming apparent that employers need to engage with candidates on a meaningful level to ensure they complete the evaluation process. This signals a greater need for employers to communicate often and more transparently…

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The value of a positive candidate experience cannot be understated: Indeed India’s Sashi Kumar

A positive candidate experience determines whether a candidate chooses to follow through on the selection process to eventually join the organisation. Therefore, its value cannot be understated, emphasises Sashi Kumar, Head of Sales, Indeed India. Sashi Kumar, Head of Sales for Indeed India, is responsible for driving sales in both enterprise and corporate and leading new business development nationally by syncing with the company’s mission and business objective internationally. His experience in dealing with key accounts has bought in a stream of opportunities to the Indian arm of Indeed.com since joining the company a little over two years back. Sashi is known for creating a friendly teamwork environment, augmenting revenues, handling large enterprise accounts, introducing HR automation software and media solutions to various stakeholders at client organisations and his knowledge of the internet Inindustry.anexclusive

Read more at: https://www.peoplematters.in/article/employer branding/the value of a positive candidate experience cannot be understated indeed indias sashi-kumar-34869?media_type=article&subcat=recruitment&title=the-value-ofpositive candidate experience be understated indeed indias

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If your employees are going to be working remotely you need to make sure they understand and feel connected to what you are as a business, how you want to do things and the types of customers and work you want to have. These values need to be compelling (so talent and customers can differentiate you), memorable (no more than 4) and authentic (must reflect who you are). Your people need to be able to look at your values and say "yes, this is the company I work for". In addition, you must ensure they are unique to you. Using commonplace phrases such as ‘We are empowered’ is bland and meaningless unless you articulate how this comes to life in a unique way for your employees.

Read more at: https://www.peoplematters.in/article/strategic hr/creating a compelling-culture-for-the-workplace-of-the-future-34872

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A recent global study by the Future Forum found that 76% of employees do not want to return full time to the office post pandemic, despite their employer's strong preference to have them do so. This significant shift in workplace attitudes creates an unrivalled opportunity to attract and retain top talent for those employers who are up for embracing it. Equally, it could well create a talent crisis for those that are wedded to the past and hoping to go back to pre covid working practices

Creating a compelling culture for the workplace of the future

So how do the forward thinking organisations who are offering flexibility on where (and when) their employees work, ensure they can still build a strong company culture that will drive performance?

Inspiring and authentic company values

If you are a forward thinking employer that’s embracing the opportunities that flexible working brings then this may even need to be reflected in the values themselves. Take the time to get this right and then test it with your current high performing and high potential employees. If you don’t, anything you do after this will not produce the impact you are looking for How do the forward thinking organisations who are offering flexibility on where (and when) their employees work, ensure they can still build a strong company culture that will drive performance?

Community-building can improve employee mental well-being, retention : Survey

The retention rate has increased by 45% for corporates using the Advantage Club community module compared to the ones not using it.

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On further analysis, the report noted that there is a decrease in attrition rates too with community building services.

Corporates are exploring new ideas to strengthen employee engagement offerings and reward employees by getting employees involved in community building programmes

"We have analysed companies using our platform as a part of their employee engagement programme and 'community building' has emerged as a surprise element to have long term impact on employees positively

Individuals derive their sense of purpose and value from their associated community and build their own sense of identity. Corporates are exploring new ideas to strengthen employee engagement offerings and reward employees by getting employees involved in community building programmes.

A recently conducted survey on the platform has also concluded that 78% of employees feel community building is essential in the workplace

"Community building" is the new focus for organisations, which are increasingly making it an extension to their employee engagement programmes Approximately 50% of corporates are using such services to bolster engagement, says a report by global employee engagement platform Advantage Club Given the hybrid nature of work and its issues, community building can significantly impact employee mental well being and improve retention rates It also positively impacts the culture, brings empoyees respect at work and enhancing their belongingness too, all key results of community building intervention, the report noted.

On the occasion of International Youth Day, we are compelled to look at issues plaguing our younger generations ranging from ageism to serious lack of skills https://www.peoplematters.in/article/skilling/the-youths-battle-for34871?media_type=article&subcat=strategic youths battle for

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The youth's battle for excellence

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