Page 33 - Banking Finance March 2022

ARTICLE

HR digital transformations. However, it also has to be kept Y Assurance of adequate resources for ensuring timely
in mind that for any organization, investment in technology and perfect execution
is worth only if alienated properly and conclusively utilized
Y Demarcation of execution timeline and achievement of
to deliver expected results. Besides defiance to changes, an associated milestones in the journey of transformation
organization also bears the following hindrances in the
Y Segregation of processes and functions terminable with
journey of HR digital transformation:
Y Inadequacy in determining the unclouded objective to the transformation in a well-defined sequence
be accomplished through the transformation. Y Complete involvement of the stakeholders from the

Y Dearth of budget/resources to implement the inception to the end results
transformation Y Equip the employees well to handle the transition and
Y Scarcity of skill and competency in leading the prepare a backup plan for withstanding the failure, if
transformations any
Y Paucity of dexterity in ascending new digital solutions Y Constitute the perception of digitalization with a clear
message that Digital transformation is not equivalent
Y Pandemic has brought in the continual employee or restricted to automation but goes beyond in creating
management and engagement from remote settings in an all-in workforce approach, with augmented business
certain organization which poses challenges in dexterity, more exhaustive and effectual usage of
management of communications and data security.
comprehending services, edging and upskilling a more
Y Social media challenges have forced organization to diverse workforce.
ponder upon the employee best practices and
management policies in managing the employer brands. Visualization of future workforce with

digital competencies
Enablers of HR Digital Transformation
The future workforce shall comprise a mix of different
For any organisation undergoing HR digital transformation generation viz Baby Boomers, Gen X, Gen Y (Millennials) and
must consider the following enablers necessary for its Gen Z representing a surge in the unanticipated workers
successful implementation: and the formulation of a universal pool of expertise. These
Y Elucidate the clear objective to be realised by diversities shall enhance the entanglement of HR which
systematisation of the transformation which further necessitates the imbibement of following digital
caters in ascertaining real outcome-oriented benefits competencies:
to the end users that can be measured and enhance
O Adoption of technology as facilitator
business value by casting a positive financial impact
O Acceptance of severance caused by change of varied
Y Determinate the actual executor of the transformations nature and pace for better understanding of
whose roles and responsibilities are interweaved with predictability caused by introduction of new
the transformation so that the execution is smooth and
incomprehensible variables
error free
O Capitalization of information technology in unleashing
the concealed utility
O Accomplishing command over iteration to ensure
convenient ascend of transition propelled by miniscule
steps and cumulations
O Handling congregation intelligently to ensure that their
agility benefits the organization and vice-versa.
O Maintenance of equilibrium between usage of science
and data in congruence with the human element - the
decisive factor

Proper assimilation of the digital competencies shall aid

BANKING FINANCE | MARCH | 2022 | 33