The World is changing rapidly. Technology is impacting the way things get done. HR as a function needs to evolve as well. Some imperatives for HR professionals as well

1. HR-Key to Success
In VUCA World
31 May 2018

2. The World Of Business Is
Changing Dramatically

3. Some trends which are visible
• Big is no longer an advantage
• Barriers to scale are falling
• Speed is essential
• Boom and Bust Cycles have become shorter
• Tech is business. Business is Tech

4. What’s enabling these trends
• Cost of Tech , Computing Power
• Cost of connectivity ( Bandwidth )
• Cost of Storage
• Availability of Capital
• Generation’s shift in mindset ( Risk Taking )

5. Some visible changes
• Knowledge, tech , design work is dominating
• Power to disrupt is getting concentrated among few people
• Innovation is ubiquitous
• 1000’s of new ideas each day..startups everywhere
• Knowledge is evolving at a faster pace than the society
can assimilate
• Employment contracts / models changing
• Gig Economy
• Contingent workforce
• Flexi timers
• Motivations / Drivers changing

6. HR as a function may
not exist in 10 years
from now

7. HR as a function will
evolve differently in
10 years from now

8. Possible Changes in HR
Function

9. Possible Changes in HR Function
• Recruitment
• AI Based profile match
• Auto scheduling of
interactions
• Online self assessments,
video interviews, AI based
analysis of interactions
• Customizable Compensation /
offer / Contracts / self
services
• Blockchain based Background
verification
• Bot / Virtual assistant
based Onboarding
• Learning & Development
• Learning on the Go
• On demand Learning
• Byte Size learning
• Individualized, Self paced
learning
• Immersive, gamified learning

10. Possible Changes in HR Function
• HRMS & Shared Services
• Complete Self service
• Predictive , data pushed to
individual
• Cloud Solutions with AI,ML,
Blockchain, NLP,
Conversational computing
integrations / capabilities
• Separate HRMS may just
become extinct
• Performance and rewards
• Continuous feedback, real-
time feedback
• Peer / customer evaluation –
per transaction
• Death of KRA and Appraisal
sessions
• Renegotiation of Contracts
periodically– demand supply
• Custom contracts , smart
contracts (ETH Based!)
• Social rewards ??!!??

11. Imperatives for HR Function
• Embrace Technology , Data, Analytics
• Be Adaptive , Agile
• Design for boundary less, decentralized
organizations
• Productivity and Business Impact – Shift to
Consulting
• Rapid Skilling , Upskilling , Transitions
• Managing Multiple Change management drives

12. Imperatives for HR Professionals
• Develop Liking / Affinity for Technology
• Learn to code
• Eat , Breathe, Sleep Data ( workforce analytics,
trends, cause effect )
• Develop Solution / Algorithmic mindset
• Develop Adaptive Mindset
• Be Curious and Learn continuously
• Be ready for getting disrupted
• Proactively step out of comfort zone

13. Ctrl Alt Del
You may safely unplug now !