HUMAN RESOURCE STRATEGY
AI is learning from what you said on Reddit, Stack Overflow or Facebook. Are you ok with that?
Some longtime users have attempted to erase their previous contributions or transform them into nonsense, but their efforts have not yielded significant results. A few governments, such as Brazil's privacy regulator on Tuesday, have also attempted to intervene. Meta has also encountered resistance in Europe, where it recently put on hold its plans to start feeding people's public posts into training AI systems
What will a robot make of your resume? The bias problem with using AI in job recruitment
Establishing guidelines, ethical standards, and promoting transparency in AI decision-making processes are essential for fair recruitment practices. Collaboration between HR professionals and AI developers can lead to more inclusive and equitable hiring processes.
Top IT companies focus on employee productivity amid demand uncertainties
Amid revenue deceleration, shrinking margins and lower headcount, a silver lining for the top tier IT exporters is the rising employee productivity aided by streamlining of human resources through meticulous bench management.
How startups are changing their hiring strategies to streamline costs
Facing a prolonged funding drought, startups are trying a new approach to cost-cutting. Layoffs continue, but some companies, like Swiggy and Ola, are strategically refilling certain open positions with lower-salaried junior staff, according to industry insiders.
Trans-Europe express: How Indian businesses can sustain and grow in Europe
India's recent free trade agreement with the European Free Trade Association presents significant trade opportunities with the EU. However, Indian businesses must comply with new EU supply chain laws to sustain and grow in Europe. Key legislative changes include deforestation regulation, corporate sustainability and due diligence directive, and forced labor regulation.
Heat is costing India dear. How to prevent it from charring our economy
Indian Institute for Human Settlements (IIHS) estimates that failing to address climate change, notably heat, could cost India up to 2.3% of GDP by 2023, and 6.7% by 2050. India can't roll the heat back. But we can prevent it from charring our economy and grilling India's liveability.
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Staying with stronger ones is always better option: 5 Midcap stocks from different sectors with upside potential of upto 42%
In its lifetime every midcap company sees some headwinds. There are many examples from history which show the difference between the companies which have been able to survive and grow even after all the trouble is that of the parent company. A company belonging to a strong industrial group which has a track record of handling many economic cycles in the past has a higher probability of surviving a bad phase and coming back on a growth path as compared to a company in the same line of business which does not have the backing of a strong parent. The reasons are simple, when that midcap company of a large group will see a tough time, at a group level there is management bandwidth in terms of both financial and human resources to help it over bad times. Look over the last two decades at how companies like Voltas, Tata chemicals, which at one point if time were mid sized companies because large and stable business. So, if one is looking at investing in mid-cap, surely have a look if it has the back of a large and strong industrial house.
India has abundance of talent, a great resource for Dell: Michael Dell
India is a top resource for tech giant Dell Technologies, according to founder Michael Dell. He praised India's talent pool and desire for a sovereign AI reflecting its culture. Dell announced advancements in AI at the Dell Technologies World event, emphasizing responsible use and the transformative potential of AI on a global scale.
Humans have been utilising natural resources to create a sustainable future since antiquity
Notre Dame is nearly 1,000 years old and has been damaged and repaired many times. Its last major renovation was in the mid-1800s. The massive beams that framed the structure were fashioned from European oak trees harvested 300 to 400 years ago.
India-Russia: Lack of knowledge about respective IT industries is a challenge
Russian and Indian software development companies, with Denis Ageev from DACOM M, possess resources for software buildout, including virtualization of computers, data storage, networks, and servers.
IT companies are deploying new tricks to lure staff to office
IT firms are implementing measures to encourage office attendance post-pandemic, curtailing the flexibility granted during COVID-19. Employees face compliance pressure, risking consequences for non-adherence. Cognizant introduces a roster app, while TCS ties variable pay to office presence. Dell adopts a tracking system; Wipro emphasizes on-campus engagement, contrasting Infosys's hybrid approach.
HSBC and Deloitte withdraw job offers for foreign graduates in UK after visa rule change
HSBC and Deloitte retract job offers to foreign graduates in the UK due to stricter visa rules. Graduates, who invested in UK education, face uncertainty. Companies like KPMG also reassess hiring strategies. Visa changes impact recruitment in digital innovation sector. Immigration concerns loom ahead of UK general election.
Indian companies show interest in impact investing but face challenges: Deloitte CSR survey
Deloitte India's CSR preparedness survey reveals that only 28% of Indian organizations feel very prepared for impact investing, despite high interest. The study shows a shift towards CSR as a strategic driver of corporate strategy, with increased investment in technology solutions and focus on accountability.
IIM Shillong placements recorded highest CTC of Rs 71.50 lakh
IIM Shillong's 2022-24 batch achieved a highest CTC of Rs 71.50 lakh per annum, with significant improvements in placements across various domains. The institute's focus on excellence and quality education reflects in the lucrative job offers received.
Early career promotion sounds juicy but learn how to digest it first
Young professionals are no longer waiting years for promotions, instead stepping up early in their careers. Early promotions offer skill development, confidence, and career advancement. Employers value leadership potential, problem-solving skills, adaptability, and market awareness. Challenges include workplace biases and maintaining work-life balance. Strategies for success include showcasing achievements, improving skills, taking risks, and building relationships.
Top law firms rule in favour of smaller cities; plan to hire local talent in Nashik, Pune, Indore, Jaipur & Chandigarh
Indian law firms are expanding beyond metros, focusing on smaller centres like Nashik, Indore, Chandigarh, Jaipur, Pune, Ahmedabad, and Kochi. These firms believe that physical offices in these areas are crucial for their growing corporate and private client portfolios, as well as for cost arbitrage and client retention. Global captives of multinationals, companies in the automobile, electronics, renewable, and real estate sectors are also considering expanding their operations in these areas.
Arun Kakatkar replaces Ira Gupta as HR head of Microsoft India
Ira Gupta resigned as Microsoft India HR head, replaced by Arun Kakatkar from Kalyani Group. Gupta focusing on leadership coaching. Kakatkar brings experience from TE Connectivity India and Kalyani Group to his new role.
NetApp appoints Alessandra Yockelson its chief human resources officer
Yockelson will lead all aspects of people and organisational strategy, including talent development and growth, performance management, team engagement, recruiting, DEIB, and compensation and benefits.
EAM Jaishankar in Seoul, explores semiconductors, green hydrogen, tech tie-up
External Affairs Minister S Jaishankar and South Korean counterpart Cho Tae-yul met at their Joint Commission Meeting in Seoul to discuss expanding cooperation in critical & emerging technologies, semiconductors, green hydrogen, human resource mobility, and resilient supply chains. They reviewed bilateral cooperation under the India-South Korea Special Strategic Partnership in trade, investments, development cooperation, defence and security, science and technology, culture, and people-to-people exchange. The meeting, attended by representatives from various ministries, also covered regional developments in the Indo-Pacific region.
Mumbai, Bengaluru, Delhi among cities with strong intent to hire in FMCG sector: Report
A new report highlights Mumbai, Bengaluru, Chennai, Delhi, and Hyderabad as the top five Indian cities showing strong hiring intent in the FMCG sector. It notes increased hiring in sales, marketing, IT, office services, HR, and blue-collar roles. The report by TeamLease Services also points out a significant gender gap in the FMCG workforce, with over 90% male associates.
Capri Global names Vivek Jain chief human resources officer
Vivek Jain has been appointed as the new Chief Human Resources Officer (CHRO) of Capri Global Capital, a leading non-banking finance company. With over 25+ years of industry experience, Jain will focus on attracting, developing, and retaining top talent, and creating a high-performance culture. He joins from Kotak Bank, where he held key HR roles for over 15 years.
Wanted: Human resources to steer Artificial Intelligence
The growing recognition of AI's transformative potential, and its role in giving a competitive edge, optimising operations, personalising customer experience and driving innovation, have led to a sharp rise in such mandates, say job search platforms and headhunters including foundit, ABC Consultants and Michael Page. Small and mid-sized boutique firms and multinationals' global capability centres are also driving the trend.
HR leaders’ role in performance management needs an update to fit modern workplace needs
Today, some organisations swear by a performance rating mechanism, even though many companies no longer follow the earlier method of a bell curve influenced rating system. Several organisations rigorously follow processes like OKRs (objectives and key results) today.
More students of 2024 batch in role call at manufacturing companies
This is in stark contrast to one of the toughest placement seasons in recent memory faced by students at the country's top B-schools and engineering institutes as the technology sector — the biggest recruiter of white-collar talent — has cut fresher hiring amid macroeconomic uncertainty.
Balancing Work and Study: Strategies for Mid-Career Leaders Pursuing CXO Courses
Pursuing CXO (Chief "X" Officer) courses can be a transformative experience for mid-career leaders. However, balancing work and study can be challenging. To navigate this journey, mid-career leaders can employ strategies such as effective time management, leveraging technology for remote learning, setting realistic goals, seeking support, practicing self-care, and utilizing corporate resources. Success stories highlight the importance of commitment, discipline, and support from family and colleagues. Balancing multiple commitments is crucial for resilient and successful leaders in the evolving business world.
Human Resources Leadership: Strategic HR Programs for Senior Executives
HR leadership today emphasizes employee engagement, well-being, diversity, and agile organizational structures. HR leaders now have expanded roles, including strategic planning, change management, talent acquisition, and retention. They collaborate with senior executives to align HR initiatives with business objectives and foster a positive work culture.
Strategies for Business Transformation: Mid-Career Lessons for Aspiring CXOs
The role of a Chief Experience Officer (CXO) in driving business transformation and exceptional customer experiences is crucial in today's competitive market. Aspiring CXOs should embrace digital disruption, adopt a customer-centric approach, prioritize agility and flexibility, make data-driven decisions, foster collaboration and communication, prioritize talent development and empowerment, explore strategic partnerships, excel in change management, understand risk management strategies, and focus on sustainable innovation. These strategies and skills are essential for mid-career professionals aspiring to become CXOs and lead successful business transformations.
Why is Human Resources (HR) Important?
Since human resources (HR) are the foundation of successful organizational management, they are of utmost importance. In order to attract, hire, and keep qualified personnel that fuels corporate success, HR is essential. It assures compliance with labor regulations, reduces legal risks, and promotes an inclusive and equitable work environment.
The Backbone of Talent: Decoding the Crucial Role of Human Resources in Companies
The central department in charge of organizing and supervising all matters pertaining to personnel and employee activities inside a firm is known as human resources (HR). This all-encompassing term emphasizes the department's crucial function in managing human capital by referring to the entire workforce of a firm.
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