Human Resource Management Project On The Future Role of HR
Human Resource Management Project On The Future Role of HR
Submitted to:
Mrs. Soni Agarwal
Associate Professor HR & OB
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Introduction
From operating in a closed conference room to holding a chief seat at the senior leadership table,
HR has surely come a long way. Today, the role of HR in planning and driving strategic growth
is as important as technology or business leadership.
In the recent years, HR has gone through dynamic shifts in its roles, functions and overall impact
in shaping the organization. The need for a digital transformation from operating in a traditional
cocoon is no longer an option. The sooner the shift happens, the higher is the chance of survival.
A latest report by KPMG reveals a particularly striking finding on “Future of HR 2020” survey –
in which 1300 HR executives from across the globe participated – 3 in 5 HR leaders believe that
the HR function will rapidly become irrelevant if it doesn’t modernize its approach to
understanding and planning for the future needs of the workforce. In short, organizations of all
shapes and sizes across the globe generally agree that the HR function will cease to exist in its
traditional form if it continues to deliver in the same way.
CHROs will also be able to put culture and diversity at the center. They must serve as custodians
of culture, lead through example and align culture with core business goals. This would involve
designing specific programs and strategies to ensure an engaged workplace, happy employees,
reward strategies that retain talent and ensuring there is diversity and inclusion in every sense.
It is the CHRO that can bridge the gap between the digital and the human and suggest strategies
to help achieve a balance for the future of work. They are the HR leaders who need to initiate
and sustain the right conversations with other business leaders to carve out an intelligent path for
a promising future.
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Research has time and again highlighted the abysmal levels of employee engagement levels
organizations suffer from. There is also a lot of evidence revealing the direct impact of higher
employee engagement on business growth. Owing to this new-found interest in focusing on
employees, HR is going to invest in HR technologies that will help them create exceptional
employee experiences, right from onboarding to exit.
The new age employees are no less than customers. Just like how much effort and detail goes
into mapping customer journeys, the same is the case with employees. Because just like without
customers there is no business, without engaged employees, there is no culture. 2019 is the first
time that five generations will be seen in the same workforce. The need to understand millennials
and GenZ will have to gain priority.
The demand for outstanding talent is going to increase with time, and so is its scarcity in the
talent market. The only way to stay competitive is by ensuring that the right people are hired,
kept happy, motivated and retained. Understanding what employees want and what drives them
should become business priority in order to survive in the unpredictable times coming up.
With a wide range of employee engagement solutions coming up, organizations will have to
make mindful and intelligent choices in choosing the right technology to keep their workforce
satisfied. Organizations can solicit and track feedback from employees, recognize and reward
their achievements, mentor and coach them regularly and let their career expectations flourish.
Engagement goes beyond just technology and will also include solutions around continual
provision of on-demand training and focus on holistic employee wellbeing.
Collaboration between human and the digital: The global human resource
management (HRM) sector is projected to reach $30 billion by 2025. Advancements in
information technology (IT), predictive analytics, artificial intelligence and machine learning in
HR processes is enabling professionals to perform traditional practices with much more ease and
reduced time span. Over the next two years, more HR executives are planning investments in
areas such as predictive analytics, enhanced process automation and AI.
There is a flip side to this as well. The rampant discussion around AI and machine learning is
pushing companies to invest in technology, but without much knowledge on how to use it
optimally. In KPMG’s report, 50% of HR leaders feel unprepared to use technology available
around them.
A lack of people with the right skills, which is a capability issue, can be cited as one of the
biggest challenges that limit organizations from facing and adapting to the fast pace of change.
One of the most effective ways to brave this digital transformation is by hiring skilled employees
and also upskilling them with time so that they are able to work in a digitally challenging
environment.
Leading HR organizations are the ones which have already delved into the technologies by hiring
the skilled employees and paving the way for a better integration of digital and human labor.
They understand the benefits of automation of high volume and repetitive tasks as it frees
employee time, who can then focus on tasks that create higher value for the business.
Management can shift their focus from mundane activities and focus on ways to create more
business efficiency, enhance performance and competitiveness. HR leaders are in the unique
position of leading the future of work, stop working behind the scenes and pave the way for a
new world of work.
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Predictions for HR Departments
In-house HR will downsize and outsourcing will increase: Many businesses are
going to get a lot of capability done by better technology, more self-service and the
employee doing a lot on their own.” For instance, employees will increasingly input their
own data into self-service systems. In addition, many transaction-heavy HR jobs will be
outsourced entirely to HR agencies or specialists. Dr. Janice Presser, CEO of The Gabriel
Institute, goes so far as to say, “Entry-level HR jobs, as they currently exist, will all but
disappear as transactional tasks are consigned to outsourced services.”
Strategic thinking will become in-house HR’s new core competency: More
recently, an Economist Intelligence Unit report stressed the need for C-suite executives to
partner with HR to drive growth. In support of that, over half the experts mentioned that
HR needs to increase its strategic value to the business–or else. “This includes the ability
to make accurate projections based on understanding the goals of the business and using
metrics that describe more than lagging indicators, such as how long it takes to fill a job
or the per-employee training spend.”
HR will increasingly utilize analytics and big data to augment its value to
the firm: In-house HR professionals will need to embrace analytics and “big data”–now
often included in talent management software suites–to become strategic leaders in their
companies. In-house HR professionals will need to embrace analytics and “big data”–
now often included in talent management software suites–to become strategic leaders in
their companies. The current trends in big data will provide new ways for HR to prove its
value, so we can expect HR departments to want to add people who can analyse and
make projections using these tools, and people who can drive positive change using the
information derived from the analysis.”
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Managing a remote workforce will be the new norm: Recent moves by
companies like Yahoo and Best Buy to end their remote work programs are the
exception, not the new normal. Without a doubt, HR will increasingly have to tackle the
challenge of managing a remote workforce.
HR will need to become more like marketing: recruiting is going to become more
like marketing.” Specifically, he advocates that recruiters “identify specific micro-
segments of either job seekers or job holders that you want to target to bring into your
firm, just like a marketing firm would.” The experts at Buck Consultants cast an even
wider net. They claim the need for HR to think like marketers will expand beyond
recruiting. “HR will evolve the ‘internal marketing’ role to include social marketing
coordination and brand ownership, that is, outside talent ‘buying’ into the brand–the
company–to potentially work in the organization,” they say.
Employee Engagement Manager: Companies have already started shifting away from the
outdated review processes that were used to measure and assess employee performance,
happiness, and engagement. Organisations have also discovered that a proper conversation
between leadership and teams is far more engaging and productive. As a result of proper existing
employee engagement software, managers and teams can now benefit from a dynamic dialogue
revolving around performance. Companies no longer have to wait for the 3, 6, or 12-month
review sessions in order to assess performance and happiness around the workforce.
Just like in the case of social media which requires a manager, the HR team will depend upon a
dedicated Employee Engagement Manager who will be responsible with creating a link between
employees and their managers. His responsibilities will entail coming up with frequent surveys
to gather feedback and analyse the health and happiness of the company’s workforce.
An Employee Engagement Manager will be responsible of both managing the technology needed
to communicate across the company and designing the appropriate approach to internal
engagement.
Learning Director: Competitive companies constantly train their workforce through various
development programmes. We can all agree with the fact that technology will change, processes
will change; and especially customers will change.
The Learning Director will be a crucial in organising and implementing constant education
programmes for the workforce. The usual training programmes are infamously known for being
disengaging, uninspiring, and a total waste of time for busy employees. The person who occupies
this role will have to be knowledgeable in terms of the adult learning process, and will be
essential for coming up with voluntary or mandatory training programmes.
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Diversity Officer: Numerous studies have proved time and time again that a diverse
workforce result’s in a prosperous company. Organisational success revolves around the
cultivation of men and women of all backgrounds – whether we’re talking about gender, race and
skillset.
The Diversity Officer will have to ensure that the staff contains talented people with various
backgrounds. Just hiring candidates in order to ensure a diverse workforce won’t do because of
the work that needs to be within the organisation post-hire. The Diversity Officer will have to
work closely with both the Learning Director and Employee Engagement Manager to design the
necessary inclusion training programmes that will promote a better understanding between
different types of people and teams.
The role is aimed to encourage the benefits (both economic and psychological) of a workforce
that’s made of diverse employees.
Conclusion
However, there is another side to the story as well. Out of the surveyed 1200 global HR
executives from 64 countries, 39% of forward looking and confident HR leaders are harnessing
the resources and insights to redefine obsolete models, and implement technologies such as
analytics, digital labor and AI. However, most of the HR leaders remain confused and
overwhelmed by so many new additions, thus facing a risk of extinction. They are either
struggling to adapt to this digital era or ignoring change altogether. Without a doubt, a large
cloud of uncertainty does prevail in the minds of HR leaders across the globe in the backdrop of
an inevitable and relentless change.
The future of HR has arrived, and it is now. HR thus needs to be a function that takes the lead in
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understanding what makes people engaged, what cultures drive the most productive workplaces
and what equations enable a true merging of human capability with technology.
References
https://assets.kpmg/content/dam/kpmg/xx/pdf/2019/11/future-of-hr-2020.pdf
https://www.thebalancecareers.com/the-new-roles-of-the-human-resources-
professional-1918352
https://greatpeopleinside.com/5-future-roles-hr/
https://economictimes.indiatimes.com/small-biz/hr-leadership/leadership/the-future-
is-now-the-changing-role-of-hr/articleshow/68229542.cms?from=mdr
https://www.shrm.org/hr-today/news/hr-magazine/1118/pages/7-critical-strategies-to-
prepare-for-the-future-of-hr.aspx
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