Skills to be the new currency for HR professionals

Skills to be the new currency for HR professionals

Agency News

Kolkata, Jul 05 : India is seen as the fastest growing economy among major world and its rapid growth will largely hinge on the ambition and passion of Indian business leaders.

Strategically, when planning for growth, manpower is a key factor driving and supporting the growth.However, there needs to be a positive outlook towards planning, training, up-skilling manpower and continuously building capability.

According to a recent report of KPMG a survey done on 1200 global HR executives from 64 countries, only 39% have identified need to redefine old models and think forward in collecting resources and insights and implementing technologies like AI, digital labour and analytics.To focus on themes like leveraging performance for strategic leadership, the journey from diversity and inclusion to belongingness and discuss the technological paradigm in creating the HR function of the future, the Bengal Chamber organised its Second edition of The People Management Conclave-“Achieving Business Competence through Capability Building today.

“We from The Bengal Chamber have been trying to focus on ecosystem of HR and trying to provide a platform for stakeholders like members, corporate, educational institutes, consultants, government and government agencies to meet , network and work together. Employee training and development for soft skills, hard skills and compliance-based needs are to be assigned, taught, nurtured and measured across the full employee life cycle to drive optimal business results. Successful organizations develop all the skill areas to maximize employee and organizational performance while creating an equal environment and ably supported by technology. Skills are to be the new currency for HR professionals and differentiator of wages for corporate” stated Mr. Subhodip Ghosh, Director General, The Bengal Chamber of Commerce and Industry & Managing Director.

“The role of people management has to be revisited. In this conclave 70% of the speakers are from outside the state. There is a complex relationship between organization’s human resources and means of leveraging these resources to influence performance and develop strategic leadership to fuel organizational growth. Implementing strategic plans effectively is as critical as developing them. Leadership bears the responsibility to ensure that every manager in the organization understands the importance of identifying and developing the next generation of talent. Both supervisory support and appropriate processes need to be in place in order to foster this development. Employees also assume the responsibility for their own development, seeking opportunities as well as gaining supervisory support for their career growth, training and development. Leaders must understand that high potential talent exists within various levels and functions and therefore implementing talent development and talent review processes will prepare an organization for succession planning for their future leaders and create core strategies in organizational development, strategic planning and alignment, talent retention as well as engagement and development to successfully leverage these talents. Tracking success and benchmarking data will always be key and this can be accomplished through means such as periodic engagement surveys, round table discussions, workout sessions, development tracking related to ROI and organizational scorecards”, stated Mr Somesh Dasgupta, Chairperson – The People Management Committee, The Bengal Chamber of Commerce and Industry and Group president, India Power Corporation Limited .

According to Mr. M.K. Singh, GM and Technical Secretary to Chairman, Coal India Ltd., " Human capital is the only capital which appreciates in value whereas all other depreciates. Managing Human resource and people is the most challenging task. Prima facie top management should create super ordinate post and also see where industry is going. Days of monolith are counted. Resilience is a key factor. The main thing is to see how fast you can keep pace and reposition according to changing environment. "

Hemant Kanoria, Chairman, Srei Infrastructure Finance Limited, another key speaker expressed the view that the element of questioning is very important in the HR sector.
" There should exist a balance between structure and the flexibility given to individuals for personal growth. We have now come from an environment of globalisation to one of protectionisms. HR or Talent harnessing should be about understanding the environment in terms of business model and environment. Society 5.0 is all about creativity. Organisations that are learning will always be contemporary, young and relevant. Disruptions are nothing but a process of re thinking. Successful organisations imbibe a learning culture and openness to change. "

The inaugural session was followed by two MoU signing sessions. One was between The Bengal Chamber and Calcutta Institute of Engineering and Management where Ms Indrani Sur, Mr. Somesh Dasgupta and Azizul Haque were present.
And another MoU was signed between The Bengal Chamber and Haldia Institute of Technology. This was followed by a book launch “HR Graffiti”.

Other key speakers present were Mr Rahul Bose, Co – Chairperson - The People Management Committee, The Bengal Chamber of Commerce and Industry and Global Manager Learning & Knowledge, IBM Global Business Services, Mr Anand Pillai, Managing Director, Leadership Matters Inc., Mr Paul Dupuis, Chief Executive Officer, Randstad India, Mr Rajiv Narang, Founder & CEO, Erehwon Innovation Consulting, Mr Suresh Dutt Tripathi, vice-president – Human Resources Management, Tata Steel Limited , Ms Ajanta Chatterjee, Group Head L&T, Talent & OD, JSW Group, Ms Sonali Bhattacharya, Senior Director – Enterprise IT Automation, Cognizant Technology Solutions, Md Asif Iqbal, Associate Director, PWC India, among others.(UNI)