IIM ROHTAK H U M A N E - R CLUB P re s e n ts
H R BULLETIN VOLUME 52
humane.r@iimrohtak.ac.in
HUMANE-R|VOLUME50
HR BULLETIN
What it takes to create a wellness-first culture at workplaces
A lot has been spoken of employee wellness, especially in the past months. Overnight, companies had to deal with the most rapid transformation of the workplace in modern history. While industry experts initially worried about productivity, we quickly came to realize that the transition to remote work did not hurt productivity and we adapted to the new normal. However, now companies need to think beyond productivity and look at wellness programs that foster engagement towards a more holistic people-first ethos - one that focuses on an employees’ quality of life within and outside of work. With that context, how can companies establish a deeper connection with employees? How can companies enable people to make healthy changes and support them across that journey? What does it take to create a culture-driven, wellness-first organization? What are the primary concerns for employees today? How can companies create a culture of care at workplaces?
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HUMANE-R|VOLUME50
Building a culture-driven workplace It is easy for HR teams to be prescriptive with their wellness initiatives - by telling employees to participate in programs, surveys and tests, but it is unclear how this approach has long-term gains for employees and organizations. Organizations need to move towards creating culture-driven wellness strategies to ensure worklife balance. By putting people development and wellness-first initiatives at the core companies can address some of the most pressing issues of our times. Over a year into the coronavirus crisis, people are dealing with challenging, demanding and uncertain work and personal life routines and as primary caregivers companies should aspire to help their people lead more balanced lives. So, how can companies keep employees engaged and supported during these times? Well, well, well(ness) Like Edward de Bono said a long time ago - “When the story of these times gets written, we want it to say that we did all we could.” 2021 has been particularly hard, so companies need to focus their energies on introducing people-first wellness initiatives. There are instances of companies stepping out during these times by rolling out free virtual therapy sessions with therapists, providing monetary assistance for work-from-home (WFH) set ups, scheduling weekly programs packed with fun and engaging activities and covering medical benefits for employees and even their immediate family members. New WFH strategies Organizational agility has been tested to the maximum in the past year and companies have had to keep a close eye on targeted measures to enable effective WFH strategies.
Read more at:https://www.peoplematters.in/article/culture/what-it-takes-to-create-awellness-first-culture-at-workplaces-29791
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HUMANE-R|VOLUME50
Amaresh Singh takes over as CHRO GE South Asia . Amaresh Singh has taken over as Chief Human Resources Officer, GE South Asia as Sheebu David moves on to a role outside GE. Amaresh Singh joins as Chief Human Resources Officer, GE South Asia and will also be responsible for the Human Resources function of GE Grid Solutions, South Asia, and GE Grid Solutions Technology. Amaresh brings 25 rich years of experience in HR and over the years has held various leadership roles in the areas of high-performing talent management, change management, leadership talent acquisition, industrial relations, compensation, and merger and acquisitions. Before joining GE, Amaresh was Chief Human Resources Officer at Alstom, India having worked there for 14 years in various positions in HR. Earlier, he was HR Manager at BPL from 1997 to 2001. Amaresh holds bachelor degrees in Economics and Laws and, a postgraduate degree in Human Resource Management from the University of Allahabad. He has completed a management program from INSEAD. Amaresh is a certified life coach and an executive coach. He is passionate about leadership coaching. Amaresh replaces Sheebu David, as the latter moves on to a role outside GE.
Read more at: https://www.peoplematters.in/news/c-suite/amaresh-singhtakes-over-as-chro-ge-south-asia-29874
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HUMANE-R|VOLUME50
Reimagining employee experience in the hybrid workplace Employee experience’ has become the buzzword in board meetings, transcending boundaries of HR duties, and adding a meaningful dimension to the smooth functioning and optimum organizational growth.. With the second wave of the pandemic corporate organizations are reinventing themselves with hybrid workplaces. It’s the need of the hour to adopt a business model that optimizes employee experience and achieves organizational goals. Across all sectors, India Inc. recognizes the worth of its human resource and is redefining the “Employee First” outlook to fit the ‘new normal’. More than ever a happy and healthy workforce is being equated to organizational success. No wonder, ‘employee experience’ has become the buzzword in board meetings, transcending boundaries of HR duties, and adding a meaningful dimension to the smooth functioning and optimum organizational growth. Some of the new work metric tools that are gaining momentum are – Home Productivity With WFH becoming the new norm, organizations are supporting policies that foster a healthy work environment for their employees as they struggle to stay productive in the noisy and distracting surroundings of their homes. Right from equipping them with necessary tools for end-to-end solutions like gadgets, high-speed internet and new technology to sprucing internal communication, India Inc. is striving to rethink remote working arrangements to keep employees at their prolific best. With privacy compromised and work hours stretched there often becomes a blur in personal time and work time. By respecting schedules, personal commitments and allowing flexibility in timings companies are making remote working pleasure for their employees.
Read more at: https://www.peoplematters.in/article/talentmanagement/reimagining-employee-experience-in-the-hybrid-workplace-29880
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HUMANE-R|VOLUME50
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Kyndryl appoints Lingraju Sawkar as President of India Kyndryl, the independent public company that will be created following the separation of IBM's Managed Infrastructure Services business, today announced that it has appointed Lingraju Sawkar as President of Kyndryl in India. “Kyndryl will organize around our customers and ensure we are providing access to senior leadership and the best talent and skills in each market,” said Kyndryl’s Chief Executive Officer Martin Schroeter. “I am pleased that Lingraju will lead our team in India, a key market and innovation base for Kyndryl. His strong customer relationships and knowledge of the services market will be critical as we help our customers reach their peak digital performance and achieve their biggest ambitions.” Lingraju has been part of IBM's ecosystem. Prior to this this role, he has been working as General Manager of IBM Global Technology Services for India/South Asia, India’s leading Services Integrator for IT Infrastructure Managed Services. He previously led the transformation of IBM Global Technology Services in India/South Asia, establishing it into a next-generation services value integrator. Speaking on his appointment, Lingraju said, "I am very excited to take on this role to serve our customers’ technology transformations which is a great responsibility because these are the vital systems that power human progress,” said Lingraju. “Together we will address our customers’ toughest challenges and help lead their transformation journeys.” In addition to the latest leadership appointment, Kyndryl has undergone other operational changes as well. To ensure not only its leadership but also its offerings are closely aligned with customer needs, Kyndryl also announced it will create an integrated global practice for customers, combining managed services, advisory services and implementation. The company is organizing into six global practices, including Cloud; Core Enterprise & zCloud; Applications, Data & AI;
Read more at: https://www.peoplematters.in/news/leadership/kyndryl-appointslingraju-sawkar-as-president-of-india-29868
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HUMANE-R|VOLUME50
Global corporate wellness market to reach $87.3 BN by 2026 Health Risk Assessment, one of the segments analyzed in the report, is projected to record a 6.2% CAGR and reach US$20.7 BN by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Fitness segment is readjusted to a revised 6.9% CAGR for the next 7-year period. Given the rising susceptibility to chronic diseases such as cancer, respiratory diseases, diabetes etc. even in younger age groups, there is increased focus on inclusion of health risk assessment plans in wellness programs. Apart from helping companies reduce employee healthcare expenditure, health risk assessment enables employees to identify possible future health future and establish wellness goals. Health risk assessment begins with analyzing employee medical history, health status, and lifestyle. The Corporate Wellness market in the U.S. is estimated at US$20.4 Billion in the year 2021. China, the world`s second largest economy, is forecast to reach a projected market size of US$7.3 Billion by the year 2026 trailing a CAGR of 8.6% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6.4% and 7% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 6.8% CAGR. The US represents a key market. In the United States, the Affordable Care Act allows employers to increase the size of their financial incentives for completing wellness programs. Under new rules, firms can penalize non participating employees by increasing their premium contribution up to 30% of the cost of the plan for not completing or engaging with corporate wellness programs.
Read more at: https://www.peoplematters.in/news/employee-engagement/globalcorporate-wellness-market-to-reach-873-bn-by-2026-29867
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