Page 34 - Banking Finance March 2022

ARTICLE

available digital capabilities. The future blends
development plans which are pre populous with the 24/
7 personality assessments cinched to role and
anniversary performance assessment coupled with
resources for challenging conversations, thorough
engagement features, team management instruments
etc. all unified under routine work.

O Ascent of workforce centered logic
Till recent past, organizations have elevated HR data
warehouses to cutting edge analytics characterized by
reporting dashboards and predictive models. The future
goes beyond and inculcates innovations and
comprehensible natural language system interlaced with
employees and employers in harnessing the digital future
for betterment of all. analytics to interpret patterns in unexplored features such
as communications, performance etc which may ultimately
Contemporary vs Future work culture help in anticipating employee's behaviour, correlate
behaviour and performance with successions and forecast
In the dynamic business world, Human resource expectation potential safety issues and security ruptures.
of the organizations have surpassed its growth. At this
critical juncture, attractions and retention of the best talent
The future work culture envisages transposition from cloud
shall decide the way forward and hence compels for
to mobile accompanied by outburst in analytics and artificial
reconceptualization and reconstruction of the work culture. intelligence, and the evolution of video societal recruitment
Modernization in the approach shall help in sailing through and wear ables in the workplace.
the uncertainty of real times with better clarity across the
organization, persuasive collusion across aggregation and Conclusion:
extermination of manual assignment and monotonous The transformation is expected to render long term positive
processes. effect by integrating the work culture with employee
engagement and technologies thereby eradicating the
Some of the HR areas with probable vivid future
communication hurdles and revamping employee experience
changes may be summarized as: by augmenting competence and modernization. Unique

O Accretion and embracing talent digital experience shall propel the transformation by adopting
In the present context recruitment and attainment of technology in routine works and making it a part and parcel
apt talent seems to be arduous for any organization due of daily schedule. It is the best time for HR to entwine the
to existence of talent war, branding of employers and digital metamorphosis, precede transformations and engage
operational management issues. The future however employees in garnering the privileges.
paves the way for an accelerated and extensive
recruitment system centered about applicant's It is pertinent to mention that Digital Transformation in HR
experience with relationship management technology is not constricted in silos i.e about HR team and processes
augmented by the inputs from Artificial Intelligence that only but incorporates a wide range transposition which is
linked to the entire organization as one entity. It is crucial
will support the recruitment cycle throughout - starting
from on boarding, continuous computation of the abilities to note that no scientific advancement viz automation,
ensuring success of future roles till retirement. Artificial Intelligence, or digitization etc can take off the 'Art'
of HR functionaries' roles as Counsellor, Coach, the Strategic
O Unceasing administration of performances: business partner and Change agent. In the coming days, HR
teams have to strike an equilibrium between the "Science"
The current scenario indulges in giving out ratings,
assimilating continuous feedback, providing SMART &"Art" of HR in their venture in creating future workplaces.
goals with robust data, calibrating team performances, (Views and Opinions expressed in the article belongs to the
redesignating the decision-making techniques with the author and not of the bank) T

34 | 2022 | MARCH | BANKING FINANCE