New Delhi : Talent acquisition, workforce management and creation of an alumni talent pool, are the three distinct elements of an HR program, said Mr. Premlesh Machama, MD, Career Builder, India, at the first national conference in the HR domain organized by FICCI on ‘HR Best Practices – Making Organizations Meaningful and Future Ready’.
In his inaugural address, Mr. Machama said that the HR often finds it challenging to get on board the right talent. There is a need for change in the culture and mindset of the organization to decode the right candidate as it reduces the pain points post appointment. Based on the identification of the right talent, workforce management takes place.
In an era, when employee retention is a challenge, engaging the workforce and providing them with a good experience is essential. He said that companies should create an alumni talent pool. This would enable a company to identify those employees who could be hired back at a later stage to add value to the organization and added that human capital is at the centre of an organization but others stakeholders such as shareholders and vendors also add value to an organization.
In his address, Mr. Saugata Mitra, Chief People Officer & Group Head HR, Mother Dairy Fruit & Vegetables Pvt. Ltd, said that talent and technology are the two critical aspects of HR. Technology and artificial intelligence is redefining work and changing talent expectations and nature of job was being reconfigured. In this changing scenario, the only constant is the purpose of an organization and purpose will anchor the people and organization, keeping them together. He added that in Hewitt’s 10 best employers rank, 9 of the firms have a clearly defined purpose on which the HR practices are based.
In his theme address, Mr. Prithvi Shergill, Co-Chair Conference Committee & CHRO, HCL Technologies, said that HR standards must align with the belief, intention, practice and policies of an organization. There was a need to have a dialogue to maintain a balance between money and meaning and profit and principles. He said that an organization must have a clear strategy whether its HR policy is defined by money that is return on investment or giving an experience to its workforce or is based on profit or principles.
Ms. Madhavi Lall, Co-Chair Conference Committee & Head HR, Deutsche Bank India, said that FICCI decided to establish a conference on HR themes to discuss the compelling issues of the HR fraternity. The conference is witnessing the presence of policy makers from the government, corporate and academia and the outcome will be articulated and shared for the benefit of the industry at large.
Dr. A. Didar Singh, Secretary General, FICCI and Mr. M. A. Patil, Director – FQF & RCM, FICCI, also shared their perspectives. The two-day conference has sessions on ‘A journey from Class Rooms to Board Rooms’, ‘Transforming HR: Leveraging Cutting-Edge SaaS Technology for Strategic Talent Management’, ‘On boarding and Engaging the Talent in the Digital Age: Building Employee Value’, ‘How Technology is changing the Landscape of Talent Acquisition’, ‘Emerging Trends in HR’, and ‘Empower HR through Apprenticeship’.
