In today’s world of work, technology is indispensable for HR to boost their effectiveness in managing the human capital and deliver business value through their work. The growing business focus on workforce productivity requires HR to strengthen its ability to hire, skill, and retain the right people using the right tech architecture.
According to People Matters SHRPA state of the HR industry research, over 95% of HR leaders in India say maintaining high workforce productivity is a challenge. The report also finds that India is falling behind in its HR tech evolution journey and as a result, is facing significant challenges in ensuring workforce success.
Over 43% report having a basic HR automation suite as their current HR architecture while another 22% are adopters in this journey, leaving only 36% as progressive leaders leveraging advanced HR tech. These 6 in 10 companies, laggards and adopters with low HR tech maturity, are also falling behind the change execution journey. While those with advanced tech architectures are better ready to navigate the impact of a disruptive ecosystem across key areas like skilling, talent attraction, analytics and overall management.
Hence, there’s a need to develop and develop HR tech architecture to keep pace with business and talent shifts and ensure its people-centric implementation leading to productivity gains and improved decision-making.
Discussion Pointers
Sr. Vice President & Head of HR, E&P, Reliance Industries Limited
CHRO, ASK Group
Head - Research, Content & Community, People Matters