Unit 4 Session 12.pptx

Online MBA Semester I Organizational Behaviour and Human Resource Management Course code - (OMBA-103) Unit 4 : Lesson 12 : HR Analytics Part - II Human Resource Human Resource Analytics Management Human Resource Human Resource Analytics Management Learning Objectives: • Changing Roles • HR Value...

Online MBA Semester I Organizational Behaviour and Human Resource Management Course code - (OMBA-103) Unit 4 : Lesson 12 : HR Analytics Part - II Human Resource Human Resource Analytics Management Human Resource Human Resource Analytics Management Learning Objectives: • Changing Roles • HR Value Proposition • Evolution of HR Work in Waves • Technology and HRM Practices • New Technologies and HR • HR in next few years.. Human Resource Human Resource Analytics Management The HR Business partners has to be a coach, counsellor, employee advocate, as well as business strategist. As the business world changes, so does the role of HR professionals. Since human resources is a business-driven function, effectiveness depends on a thorough understanding of the strategic corporate direction, as well as the ability to influence key policies and decisions. Human Resource Human Resource Analytics Management The value proposition of Human Resources (HR) is ever evolving. The strategic role of competencies and skills required to perform the HR role can’t be ignored. Human Resource Human Resource Analytics Management HR work Evolution in Waves TECHNOLOGY AND HUMAN RESOURCE MANAGEMENT PRACTICES The technology has changed the way the work looks. Human Resource Human Resource Analytics Management INTEGRATION OF HRM FUNCTIONS TO CREATE HIGH PERFORMANCE WORK SYSTEMS Human Resource Human Resource Analytics Management CHANGING ROLES OF HRM • Coach. • Counsellor. • Employee advocate. • Business strategist. As the business world changes, so does the role of HR professionals. Since human resources is a businessdriven function, effectiveness depends on a thorough understanding of the strategic corporate direction, as well as the ability to influence key policies and decisions Human Resource Human Resource Analytics Management In the Survey of Global HR Challenges IN 2021: Yesterday, Today and Tomorrow, conducted by Price Waterhouse Cooper on behalf of the World Federation of Personnel Management Associations (WFPMA)- Human Resource Human Resource Analytics Management FUNCTINS OF HRM AND THEIR SIGNIFICANCE IN THE ORGANIZATIONS 1. Change management 48% 2. Leadership development 35% 3. HR effectiveness measurement 27% 4. Organizational effectiveness 25% 5. Compensation 24% 6. Staffing: Recruitment and skilled local labor availability of 24% 7. Succession planning 20% 8. Learning and development 19% 9. Staffing: Retention 16% 10. Benefits costs: Health & welfare 13% Human Resource Human Resource Analytics Management Human Resource Human Resource Analytics Management HOW WORKPLACE WILL LOOK LIKE WITH NEW TECHNOLOGIES….. HR Tools Migrate to Cloud Employee selfservice tools Blockchain integration People analytics tools Real-time performance management Biometric time tracking Connected platforms in the workplace Harassmentreporting tools AI in employee management Using genderneutral language in digital platforms Human Resource Human Resource Analytics Management HUMAN BEING AS A CORE Human Resource Human Resource Analytics Management HR in Next Few Years: • Revolutionised employee experiences that truly meet employee expectations • HR leading the charge on organisational flexibility • HR automation means admin liberation • Diversity, equity and inclusion (DEI) and sustainability needs to be front and centre of HR’s agenda right now today Human Resource Human Resource Analytics Management Three key futures that HR must address: • future of enterprise • future of workforce • future of how work gets done • Mindset-From doing digital to being digital • Focus-From centre-driven to human- centered solutions. • Lens-From compliance and control to trust and empowerment • Enablers-From integrated systems to a unified engagement platform Human Resource Human Resource Analytics Management There’s no single path to driving value through HR. Your route will be unique to your journey. In today’s disruptive world, it may be the path less travelled that leads you to the ultimate destination.