HR's Strategic Evolution

"Adopting a more strategic, data-driven, advanced analytics approach towards strategic workforce planning is key to sustainability." The author is Mamata Vegunta, Executive Director, Head - HR, DBS Tech India

Examining current trends in HR can give us more than a clue about what the future holds – what’s new today will become tomorrow’s norm. But what about tomorrow’s trends?

Driving innovation, harnessing collective intelligence and achieving our goals requires right set of questions to be asked constantly.

How can we build our people for future workforce needs; how can we use data to bring out our employees’ best strengths and is there a way artificial intelligence and machine learning can tell us when an employee is about to resign before they are even aware of it themselves?

These are the kinds of questions we aim to solve using innovative technology solutions. The questions we ask are as powerful and insightful as the answers they elicit.

In the fast-paced evolution of business and unrelenting force of technological progress, the human resources function has transformed into a strategic powerhouse. This shift is positioned at the nexus of people and technology. Strategic HR is a driver for shaping and executing organisational strategy.

Being drivers of transformation in an organisation requires HR professionals to embrace change, stay technologically adept and cultivate a culture of innovation. By doing so, they not only ensure their relevance but also build resilience in the face of an ever-changing business landscape.

The key lies in unlocking the vast potential of the HR function amid the tech-driven future. Picture HR as a conductor, wielding data like a baton, using people analytics to predict workforce needs and shape targeted programmes. This isn’t just about attracting top talent; it’s about crafting a future-ready workforce capable of navigating the dynamic job market.

Amongst a diverse set of skills required, technical prowess is crucial – proficiency in HR software, data analytics and digital platforms. Mastery of HR tech, from AI recruitment to employee experience platforms, is no longer optional. Soft skills like communication, collaboration, problem-solving and critical thinking are essential for effective leadership. Business knowledge completes the arsenal, ensuring fluency in the language of leadership and a deep understanding of the company’s strategic direction. We become storytellers, weaving a compelling narrative about the organisation’s human capital and its value proposition.

Also Read

Subscribe to our newsletter to get updates on our latest news