Human Resources Articles

There is lot of buzz around Artificial Intelligence (AI) these days. The term was first coined by American computer scientist, Jay McCartney in 1956. AI can be defined as machine with the ability to solve problems that are done by humans with their natural intelligence. AI is broad area of computer science that makes machine seem like they have human intelligence. There are many factors responsible for rapid development of AI which includes huge amount of data being generated every minute, advances in processing speeds of computer etc. As AI enters in the workplaces, corporate leaders require contemporary skills to advance to the challenges and opportunities presented by this disruptive technology.

Companies take a lot of time to build a strong workforce which contributes substantially to the business goals of a company. From hiring the right candidate to training the new joinees to giving them responsible positions, all of this take a lot of time and money. Once established, an employee can contribute much more towards the revenues and profits of a company. However, the danger of a dissatisfied or demotivated employee moving out it all but very real. A fully trained employee is an asset and if he/she move out to a competitor it can cause a void in its business.

“I’m not in this world to live up to your expectations and you’re not in this world to live up to mine.”

― Bruce Lee

A normal human phenomenon, “Expectations”. Even if one doesn’t want to, one still ends up expecting things. An expectation of happy ending in a movie, an expectation of high grades in exams, an expectation of getting married to a smart guy or a beautiful girl, an expectation of a good government, and the list goes on. But do all our expectations turn into a reality? Well, we all have our own share of experiences with our expectations. And most of the time, the expectations remain so. Expectations can motivate and give a sense of satisfaction to the individual when they are met. However, unfulfilled expectations lead to disappointment, demoralization, anger and what not.

“HR will die by 2020”. Mr. Vineet Nayar, the former CEO of HCL Technologies

Technology will overcome Human Resources. Wrong.

He further explained this will only happen if HR works at the same pace as it works today. HR needs to adapt to the change. It needs to buck up in the technology race.

This article mentions the different areas of HR which undergoing change and how are employees coping with it. Big data and digital disruptions will, no doubt, benefit HR. CHROs need to spearhead this change with talent analytics. Soon, bots will overtake the administrative HR function. HR will need to be customized according to employees. HR managers will need to make decisions wisely. HR needs to utilize big data and analytics. The current trends are helping HR department to increase its value and accuracy. It is bringing a positive change in the people. Analytics helps managers deal will past data and predict the future needs of employees. Using analytics, HR is able to predict employee attrition, improve compensation and increase engagement.

The recent tough boardroom battle at the helm of Tata’s and Infosys adds to the list of yet another Boardroom fights in Indian corporates. Boardroom spats is nothing new and have been impacting corporate governance since decades. However, much of attention is received off late due to penetration of media at lowest level. Perhaps, most common reasons for boardroom spat is the difference in the views of founder and management of the company. Too much interference of the founders hinders the growth of a professionally run company.

Human beings rely on the results or the outcomes of any research being undertaken for understanding various phenomenas, to take various decisions or to gather new information or new knowledge as these researches might lead to the generation of new discoveries. The human history has seen the discoveries and there have been results given by various researchers that have led to the betterment of the social status of human beings and various businesses of life on this planet.