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Talent optimization through the talent marketplace

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  Listen to the article.  According to Gartner research , the most significant emerging HR technologies for 2023 are skills management (51%), learning experience platforms (41%), and internal talent marketplaces (32%). Skills-based HR initiatives seem to be the bellwether, and cognoscenti suggest that the talent marketplace fits the bill to jump on the bandwagon. As per Gloat's report , essentially, it's a gateway to skills-based strategies to thread the needle between skills and opportunities. A Gartner report prognosticates that by 2025, 30% of large companies will implement a talent marketplace for optimizing talent.  Implementing a talent marketplace offers a convenient option for companies of consequential size working from numerous locations to proffer internal opportunities (gigs, projects, assignments, etc.) to their employees. Concurrently it also facilitates employees to reskill and upskill themselves to stay ahead of the curve with felicitous mentorin...
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Fostering the Right Organizational Culture.

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Listen to the article. "whatever success we have had in maintaining our culture has been instrumental in Intel's success in surviving strategic inflection points." — Andrew Grove In an earlier blog article, we could not focus enough on the importance of culture and its impact on business. As stated earlier about the reinforcing loop, implementing employee listening strategy, and developing appropriate culture. If we have a suitable culture, it will facilitate the effective implementation of our employee listening strategy. Here we will focus on effectively defining and then creating the right culture. The right culture is an indispensable prerequisite for successfully implementing our organizational strategy. Hence it is essential to change our hidebound culture consonant with the developments in the external environment. It is not immutable, albeit we can create bespoke culture according to our strategic requirements. First, let us look at how Gartner defi...
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Location: Mumbai, Maharashtra, India
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Improving Employee Engagement with FACTS

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Listen to the article. "The right to be heard does not automatically include the right to be taken seriously."  — Hubert Humphrey 😃😃 Jokes apart, continuous employee listening is gaining momentum due to the developments in the preceding three years. It is also an integral part of the people analytics function. We implement it for devising compelling employee experience. Like other initiatives, we took a leaf out of the marketing book and initiated a continuous employee listening strategy to enhance the employee engagement. The direct upshot of continuously receiving employee feedback is gaining instantaneous actionable insights to improve employee experience and engagement. While also facilitating lower turnover and enhancing productivity and performance. According to a Bain & Company survey, 80% of organizations are optimistic about utilizing employee engagement systems in 2023. Active listening and passive listening are the rudimentary components of continuous...
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Location: Mumbai, Maharashtra, India
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Talent Intelligence Platforms: The Next Big Thing In HR Tech

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These days the market is inundated with a plethora of HR Tech options with solutions championed by AI. Almost every vendor flaunts their offerings, expatiating the salient AI features of their product. And how it would successfully address our concerns relating to people management. And the fortuitous arrival of Generative AI seems to be the 'next-gen' nascent technology within the HR Tech landscape. It will offer use cases limited only by the fecundity of our imagination. The often cited main benefits of AI tools, as Sir Humphrey Appleby would say, "thereby releasing their overlords for the more onerous duties and profound deliberations that are the inevitable concomitant of their exalted position." 😃😃 Given the rapid innovations in product capabilities, purveyors do not fit into one category. It leads to misapprehension about the categorization due to overlap. The absence of clear demarcation makes it inscrutable and incomprehensible for lay people to understand t...
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Location: Mumbai, Maharashtra, India
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HR Trends for 2023

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(This article is written to practise my newfangled lexicon. Please pardon me for my mistakes.🙏🖖) Josh Bersin is a well-known HR Tech analyst and founder of Josh Bersin Academy. In the field of HR, he is the leading light and maven among other luminaries. A few days ago, he released a remarkably improving report filled with his perspicacious, distinctive, and magisterial insights on 'HR Trends for 2023.' Not to put too fine a point on it, but this compendious report is right out of the top drawer.  [ 📥Download Report ]  With reductionist analysis, this report comprehensively delineates 15 main trends and expatiate their effects on HR. Understanding these trends will stand HR professionals in good stead to devise their functional tactics and stay ahead of the curve. And suggested measures in this report will help them successfully address these trends and gain a competitive advantage. Let's try to epitomize the long and short of this report. Skills are on the rise in HR. N...
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Location: Mumbai, Maharashtra, India
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