IIM ROHTAK H U M A N E - R CLUB P re s e n ts
H R BULLETIN VOLUME 46
humane.r@iimrohtak.ac.in
HUMANE-R|VOLUME46
HR BULLETIN
An opportunity for transformation Here’s how HR teams can become problem-solving partners that deliver business outcomes through these unprecedented times. That the pandemic accelerated digital transformation in the world of work isn’t news to any of us. Through this year, like no other, we’ve all adapted to homeschooling, remote working, socially distancing, and always masking up. And as we made big changes in our homes to keep ourselves, our loved ones, and our communities safe from an invisible threat, businesses made significant changes to how they operate. Entire teams and organizations adapted to work remotely and adopted digital technologies more quickly than they had planned. HR teams became the enablers and catalysts that ensured the top two priorities for any organization were met: ensuring the safety and wellbeing of their employees while delivering client outcomes. In 2021, HR teams have an opportunity to impact companies, their people, and customers in ways we’ve never seen before.
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Top HR trends for 2021
Our 60,000 ft view… and there is no rocket science here… Companies need to start looking at their employees as their greatest assets and treating them as they do their customers. And this is entirely possible by simply committing to devote similar effort, investment, and focus to the internal initiatives as we do to the external. Today, we can leverage Organizational Network Analysis (ONA) tools and other emerging technologies to analyze patterns that can flag attrition risks and boost retention. A secure AI chatbot can enable unbiased and judgment-free conversations to collate employee sentiment and tell us exactly how our employees are feeling at any given point in time and lead to better organizational health. This data-backed analysis also helps identify high-potential performers, critical to strengthening the leadership pipeline. Companies will do well to also activate a holistic experience that makes each moment that matters for existing and prospective employees be truly meaningful, from the very first exchange to regular interactions through all levels of the employee lifecycle. Creating and fostering a culture where learning, unlearning, and relearning becomes part of the day- to-day culture will significantly impact a company by helping its employees evolve in new ways. One-size-fits-all learning programs have not worked well for us. We see the need to create opportunities that help people discover their individual skills, identify their gaps, and hone their potential through customized learning paths. We now know that our curiosity and courage can help us adapt and rise through it all, from the massive shift to virtual work, to a show of resilience like never before, and HR teams need to start prioritizing and rewarding this relentlessly curious mindset across all levels of the organization. The model of the future will look very different from the way we’ve worked in the past, and as employee attitudes and technologies continue to evolve, we expect that some of the work traditionally done in person in an office will permanently be done in a hybrid office plus home environment. Though there are benefits to work-from-home, being social is a fundamental human need. Teams need to get together, to build new solutions and innovate, and all of this needs to be taken into account. This model will allow us to reap the benefits of a remote workforce while keeping our employees engaged and connected.
The road ahead The one thing that the pandemic hasn’t been able to impact is our belief that curiosity, humility, and agility will make us more resilient. Curiosity and continuous learning will undoubtedly be the skills of the future and the new KPIs. The year 2021 is also a great time to open up our teams to lateral thinkers who had never wanted to conform to the restrictive 9-to-5 workday and welcome their incisive, courageous minds into the workforce. It is essential right now for us – all of us – to ruthlessly collaborate in our relentless pursuit of a world that works better for all. And to do this, we must keep our focus centered on our people. Ensuring we have the right people delivering what we promise and giving them the growth opportunities they deserve will serve us well as we reach a new point in adapting and thriving even through a pandemic…
Read more at: https://www.peoplematters.in/blog/strategic-hr/an-opportunity-fortransformation-29407
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LTI appoints new Chief Financial Officer Anil Rander brings multifaceted financial leadership experience to the company, with more than 27 years of experience. Larsen & Toubro Infotech, a global technology consulting and digital solutions company has appointed Anil Rander as its Chief Financial Officer.
“Sanjay Jalona, CEO & Managing Director, LTI, said “The role of CFO is evolving rapidly, and I am pleased to welcome Anil to our leadership team at this critical juncture in our journey. His financial leadership and business acumen will enable us to chart the next phase of growth for LTI. We remain committed to pushing industry benchmarks on business excellence.” Anil joins LTI from Tech Mahindra where he was the Senior Vice President for Finance and Legal functions and Global Head of Finance for BPS. Before this role, Anil was with Hutchison Max Telecom Ltd where he looked after management accounting. His other stints have been with Alpic Finance and A.F. Ferguson & Co. Anil is a Chartered Account, Cost Accountant and a Company Secretary. He has won multiple industry accolades for outstanding contributions during his illustrious career. He will be based out of LTI’s headquarter in Mumbai, India. He is a seasoned finance leader with more than 27 years of multifaceted experience in driving business performance and growth. His expertise ranges across business and financial strategy formulation, fiscal management, corporate accounting, investor relations, pricing, risk management, internal audit, and financial controls.
Read more at: https://www.peoplematters.in/news/c-suite/lti-appoints-newchief-financial-officer-29052
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Atlassian to hire 1,000 employees globally As a cloud-first company off to a good start in fiscal 2021- maker of popular workplace collaboration and productivity tools like Jira and Confluence - Atlassian has announced plans to hire 1,000 employees globally, with 300 R&D engineers in India to scale operations of the R&D and customer service center in Bengaluru. A leading provider of collaboration and productivity software, Atlassian Corporation has announced plans to hire 1,000 employees globally as part of a major recruitment drive in 2021. Atlassian is the maker of popular workplace tools including Jira, Confluence, BitBucket and Trello. The company has indicated plans to hire a number of front-end and back-end engineers, along with 300 R&D engineers in India in the upcoming year. Atlassian presently has an employee base of 700, and is looking to scale its operations at its R&D and customer center in Bengaluru, which happens to be Atlassian’s fastest growing R&D site ever since its launch in 2018. Recognized for its thoughtful endeavors to foster a culture of openness and transparency, Atlassian is a strong advocate on how the future of work will reshape workplaces, practices, and policies. Addressing the evolving employee needs in today’s context, the company recently unveiled a host of benefits, employee-first policies, and resources to support the personal and professional growth of its employees globally. Atlassian is also providing all employees with an allowance of $US500 to enable an effective WFH environment, in addition to its existing perks and benefits. Additionally, providing employees with an opportunity to give back to the community, the company offers five days paid foundation leave every year, to volunteer at a charity of their preference…
Read more at: https://www.peoplematters.in/news/recruitment/atlassian-tohire-1000-employees-globally-29053
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Infosys looking to onboard 25,000 campus hires in FY22 Infosys gears up for a global campus hiring spree amid a brewing talent war in the sector. Despite the hiring freeze and slowdown on account of the pandemic, software giant Infosys hired 21,000 individuals from campuses across the globe, during the last financial year. The company is planning to take the number further up to 25,000 this year. The announcement comes as Infosys gears up for the upcoming talent war as firms compete for the best talent to scale performance and outpace the lingering challenges from the previous year. In addition to hiring efforts, Infosys has also announced pay hikes from July.
Net hires for Infosys stood at 10,309 in the last quarter, and 17,248 in the previous financial year. In a recent conference, the company reported an attrition rate of 15.2 per cent at the end of the March quarter, a sharp spike from 10 per cent in the previous quarter. The spike comes despite the company undertaking a pay hike in January. CEO Salil Parekh in a recent analysts conference hinted towards a brewing talent war in the IT/ITES industry due to high demand for work and limited availability of skilled workers. “Attrition has picked up, largely reflecting a strong demand environment, but we remain confident of our employee engagement initiatives, vast talent pool and training capabilities to ensure seamless execution,” said Chief Operating Officer Pravin Rao. Infosys guided for a consolidated operating margin of 22-24 per cent, suggesting that it expects some pressure on profitability owing to the higher spend on talent retention and pay hikes. In 2020-21, the company reported consolidated operating margin of 24.5 per cent. Amid a tense climate for employers as hiring picks up and professionals look out for the best..
Read more at: https://www.peoplematters.in/news/campus-recruitment/infosyslooking-to-onboard-25000-campus-hires-in-fy22-29055
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ixigo names its new CFO With close to 3 decades in the financial industry, Ravi Gupta has experience in finance, regulatory compliance and investor relations. Travel app ixigo (Le Travenues Technology Private Limited) has appointed Ravi Shanker Gupta as its Chief Financial Officer. Ravi Gupta brings in considerable experience in finance, regulatory compliance and investor relations. “We are pleased to welcome Ravi Gupta to lead ixigo’s finance and investor relations as we enter our next phase of growth. We are confident that Ravi will be a strong addition to our leadership team and will bring a wealth of financial and strategic leadership experience to ixigo”, said Aloke Bajpai (CEO) and Rajnish Kumar (CTO), ixigo. Over the last 28 years, Ravi Gupta has held various senior leadership roles — most recently serving as Executive Director at Devyani Food Street Private Limited where he led the company’s financial operations. Prior to this, during his 14-year long tenure at Jubilant FoodWorks Limited with his last held position as President & CFO, Ravi was responsible for driving system & processes and corporate governance. He was also a part of Jubilant’s key managerial personnel during its initial public offer.
On his appointment, Ravi stated, “ixigo has a talented leadership team, a loyal customer base, and is on the path of tremendous growth. The company has already achieved a product-market fit and critical mass of users. I am impressed with the business growth ixigo has delivered despite a challenging environment for travel. I am excited to be an ixigem and create value for the company in its journey of transformative growth.”..
Read more at: https://www.peoplematters.in/news/c-suite/ixigo-names-its-newcfo-29409
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