IIM ROHTAK P re s e n ts humane.r@iimrohtak.ac.in HUMANE-R CLUB HR BULLETIN VOLUME 112
The pandemic heralded a new era for the HR function. Employee priorities changed drastically, and in a short period, the conventional tenets of HR became obsolete. An unforeseen exodus of quality talent from organisations caught most HR teams off guard. Quick fixes have fallen flat as employees expect lasting changes to how organisations create value for them. CEOs are now looking to HR leaders for solutions to attract and engage talent in this tumultuous environment. HR teams are rising to the challenge by leveraging next gen automation to elevate HR to the strategic role it deserves. HR leaders must recast their teams into agile squads reinventing each aspect of the employee experience (EX), much like marketers analysing every touch point in the customer journey It requires a shift of focus from administrative activities, cross functional collaboration, and a data backed strategic mindset
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Automation has shifted the spotlight back to the strategic objectives of the HR function talent development and experience design
How automation is elevating HRM as a function
Automation enables modern performance management methodologies like Objectives and Key Results (OKRs) and Management by Objective (MBO ) that require tracking business outcomes in a quantifiable manner. Real time reporting of leading performance indicators makes it possible to set clear goals and offer transparency in performance appraisal discussions. Create a productive environment
Automation raises retention levels HR Tech can help save on recruitment, onboarding, and training costs by ensuring that the talent you nurture stays with your organisation. Hire to retain Modern HR teams prioritise personality tests and skill assessments over qualifications and work experience. Artificial Intelligence (AI) based analytical models can help you foresee which candidates are likely to stay longer with your organisation based on these data.
Minimise talent risk
Build a diverse workforce Recruitment automation enables you to move beyond tokenism and build a truly diverse and inclusive workforce that boosts workplace productivity Blind resume screening applications, remote test assessment apps, and objective interview scripts ensure your company attracts the best of talent from distinct backgrounds
A digital enabled work environment signals to employees that the enterprise values their time Self service portals empower employees with the knowledge and efficacy to complete administrative tasks so that they do not interfere with their productive endeavours Automation elevates leadership quality Manager ability is one of the most critical factors determining employee engagement and growth levels. Automation makes it easier for leaders to understand and empower their teams. Get hands on Continuous feedback platforms enable regular one on one interactions between managers and employees. Automation allows managers to adapt employee goals to strategic goals, changing business environments and individual strengths.
While engagement improves performance, the reverse is also true. Effectively recognising and rewarding performance leads to a sense of fulfilment for employees and fuels productivity.
Automation enables all of these Besides imparting efficiency, automation generates a wealth of analytical insights that can feed into the enterprise HR strategy. The need of the hour is to design a compelling employee value proposition (EVP) that can shine through your employer's branding efforts and attract top talent. Recognise soft motivators Post pandemic, employees are willing to sacrifice higher salaries or bonuses for flexible timings, better mental health, and overall well being. Remote and hybrid workplace models enabled by cutting edge collaboration tools empower employees to be productive on their terms
Upskill employees Customised online training programs and learning paths enable leaders to update their team skill sets and drive performance Managers also get greater visibility into employees' career aspirations and can tailor their development paths accordingly Automation is on the rise and so is HR Automation has gone much beyond being an instrument for process improvement
Manage performance in real time
Read more at:https://www.peoplematters.in/article/technology/how-automationis elevating hrm as a function 35135 3
Predictive Analytics can help you identify top performers who are at flight risk and take timely corrective action Performance data can help you identify training needs, redesign career paths, and facilitate role mobility to retain your best resources Automation amplifies employee engagement
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Bengaluru based advanced battery technology startup Log9 Materials recently announced a first of its kind ‘Infinite Leave’ Policy (which they have proudly named Log9’s ‘Trust’ Policy) that enables its people to take as many leaves as they want, whenever and however they want, throughout the year the policy…
Employers turn to out-of-the-box perks to retain, attract talent
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Read more at: 35137?media_type=article&subcat=employeeengagement/employershttps://www.peoplematters.in/article/employee--turn-to-out-of-the-box-perks-to-retain-attract-talent--relations&title=employers-turn-toout-of-the-box-perks-to-retain-attract-talent&id=35137 4
HR leaders say initiatives like these help employees recuperate and de stress and in the long run, boost productivity, motivation, and engagement, besides boosting retention through the Great Resignation
Sane further adds that it is initiatives like these that have kept their attrition at less than half of the industry standard.
With an aim to give employees an opportunity to look after their well being and encourage work life harmony, global mass customisation company Cimpress’s last month introduced an initiative called "Recharge Fridays" which gives employees a half day off every Friday Using this time, employees can spend their time doing whatever they want to recharge their batteries Ameya Sane, HR director at Cimpress India, believes that employees are more productive and engaged when they can devote time and attention to activities that bring them joy. “Giving an extra half day off will help our employees get some much deserved recharge time to pursue what they love and grow,” he says.
With change the only constant, organisations need to keep evolving policies to fit the circumstances and transforming times.‘Recharge Fridays’, 'Right to nap', ‘Infinite leave’, 'Gender reaffirmation leave’ … the list of new policies, benefits and perks related to the workplace and the wellness of employees in the post pandemic world seems endless.
Organisations are continuously evolving policies, benefits and perks related to the workplace and the wellness of employees in the post pandemic world to help them recuperate and de stress and in the long run, boost productivity, motivation, and engagement, besides boosting retention
He also shared some vital insights on how digital innovations in payroll can help organisations add value to business and improve the employee experience.
Payroll must not be seen as a mere "business transaction", but, in its actuality, as "a meaningful activity for employees that puts either food on the table for their family, pays for their children’s education or bills It's for a higher cause”, notes Vijay Vemulapalli, GM & MD, ADP India, a leading provider of online payroll software & HR services and solutions, while stressing how organisations need a payroll that’s both powerful and accurate Pay is crucial to employee wellbeing and can impact an organisation at every level And while paying people on time and accurately may sound simple, it is actually quite complex, said Vemulapalli, who took centre stage at People Matters TechHR India earlier this month to explore the various technological hurdles organisations face as they scale their payroll processes for 'anytime, anywhere' work models
Common payroll problems for companies Usually, on time payroll is not a concern, but the accuracy is, said Vemulapalli, sharing some of the common challenges that companies face when it comes to payroll management.
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How digital innovations in payroll can unleash business value, improve employee experience
ADP India GM & MD Vijay Vemulapalli explores technological hurdles organisations continue to face as they scale their payroll processes for anytime, anywhere work models and how digital innovations in payroll can help them add value to business and improve employee experience.
“There are multiple inputs that need to come together to contribute to payroll accuracy, including how the employee is set up, different parameters that are taken accounting for holidays, time offs, etc. Payroll calculation is not difficult.., the complexity is in bringing all these different inputs to a platform and then to feed that into the engine,” he contended…
Read more at:https://www.peoplematters.in/article/compensation-benefits/howexperiencedigital-innovations-in-payroll-can-unleash-business-value-improve-employee--35086
Agender bias may be creeping into artificial intelligence. What role can men play? HowAI can help close gaps in employee engagement and improve retention
Soaring attrition rates have become an increasingly challenging issue across industries. A 2018 study on the topic stated 50 key reasons behind workers opting to abandon their positions and then divided them into 10 subcategories
The engagement level of employees is majorly influenced by the workplace environment To follow this, Gallup’s State of the Global Workplace Report states that 85% of employees are disengaged in their workplaces, leading to almost $7 trillion in lost productivity… With its limitless capabilities, AI co workers can help HR teams and leaders manage monotonous tasks. Read more at: https://www.peoplematters.in/article/technology/how ai can help close-gaps-in-employee-engagement-and-improve-retention-35106
The top five reasons why people leave work are career growth, work life balance, disrespectful supervisors, mental wellness, and compensation This needs to be taken into consideration and integrated into the company’s organisational plans Disengagement leads to lost productivity and efficiency
As the prominence of Artificial Intelligence (AI) increases in our daily lives as well as in the corporate space, organisations across industries are in continuous search of new ways to leverage AI to be able to add to productivity, reduce costs, and improve the experience AI co-workers have limitless capabilities to help HR teams and leaders manage monotonous tasks, make strategic decisions, boost L&D programs, predict trends, automate processes, and take employee welfare programs up a notch. Many companies have started deploying customised AI co workers that may be hired via a marketplace. However, it’s essential for them to identify their business pain points and search for an AI worker that is pre trained on the particular task in the marketplace. AI to address attrition
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AI is an unstoppable force in the corporate world, which means it must be enforced properly to give all candidates an equal chance at job screening more at:https://www.peoplematters.in/article/hr-technology/robots-asrecruiters-can-artificial-intelligence-hire-the-right-people-35069
Robots as recruiters: Can artificial intelligence hire the right people?
AI, in the form of machine learning, plays a huge role in hiring people According to a survey from LinkedIn:
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The use of robots as recruiters
The same survey revealed that 58% of companies say AI is most helpful when it comes to sourcing candidates; 56% believe it does well in screening; and 55% believe AI is good at nurturing talent.
•31% believe AI delivers the best matched candidates
How exactly is AI used in the hiring process? Some companies use video to evaluate candidates and predict their success in a position. A team of on staff psychologists even help create tailored assessment algorithms that reflect the ideal traits for a particular position in a company The algorithm assesses how individuals answer preselected questions in a recorded video interview, grading their verbal movements and sometimes, their facial responses
•67% of companies save time in recruitment because ofAI
Recruitment is one of the core responsibilities of the HR department, with the hiring team being composed of individuals with the skills to conduct the vetting process These individuals interact with candidates to ensure that they are the fit for the role But what happens when the “human” aspect of recruitment is removed entirely? Can artificial intelligence replace humans and still hire the right people?
•43% of companies believe AI removes human bias
