Business and HR collaboration is the way forward: FICCI-Strat-Board Survey
With over 55% organizations investing in more than four days of structured training/employee there is an emerging and sizeable faction of HR/L&D professionals who say this does not matter as a metric anymore, especially in the new world of asynchronous, anywhere, anytime learning.
Top HR professionals from the public and private sector today highlighted the critical importance of social capital and the imperative of continuous learning for the success of a business organisation.
Speaking at the conference organised by FICCI on ‘Learning & Development’ here, Mr. Ranjan Kumar Mohapatra, Director (HR), Indian Oil Corporation, said, “Learning and Organisation Development (L&OD) is not a standalone concept. It has to be interwoven in the career planning and progression of the employees in a way that they become competitive, adaptive and are open to absorb change.”
He further added that organisations must put humans in the loop and fundamentally change work architecture. “The key to success lies in keeping your talent updated, open to learning and skilling, upskilling and re-skilling them as changing goalposts in a fast-changing world has become the new norm”, he said.
Quoting a 2018 Deloitte study, he said that organizations are no longer assessed based only on traditional metrics such as financial performance, or the quality of their products or services. Today, they are judged on the basis of their relationships with their workers, customers, communities as well as their impact on the society at large—transforming them from business enterprises into social enterprises. In many ways, social capital is achieving a newfound status next to financial and physical capital in value.
Mr. Rajeev Bhadauria, Group Director (HR), Jindal Steel & Power Ltd., said, “Business development today is characterized by continual change, technology is redefining the algorithm of life and impacting the human mind. Therefore the challenge is to respond in real time. Delivery is all about speed, efficacy and probity without cutting corners, he said.
Mr. Dilip Chenoy, Secretary General, FICCI, said, “The people and organizational development through a process of continual learning was critical to tackle technological disruptions at the work place. The FICCI conference was an ideal platform for cross-learning and fertilization of ideas for application by industry leaders in their respective organization.”
On this occasion, FICCI-Strat-Board survey on ‘Learning Philosophies: India 2018 & Beyond – Rethinking L&D Fundamentals’ was also released.
Mr. Ravi Kaklasaria, CEO and Founder, SpringPeople, said that for organizational development it was important to work pro-actively in tandem with business and HR. It was imperative to anticipate what change was coming up and proactively address the change in order to build organisational capability.