What is the future of human resource management-Lexicon MILE
Digitalization has taken changed the way each job is. Roles are changing and human power requirement is constantly decreasing. This affects the area of human resource management in a different way.
A common assumption is that the roles of a HR will see a drastic change in companies that are making more use of new technologies. But on the other hand some people believe that the responsibilities have increased for human resource management professionals.
This being the changing phase from traditional methods to digital ones, the existing methodologies and models are becoming obsolete. This calls for the HR to work hard on shifting the system towards more agile model than the existing rigid ones.
Technologies like Artificial Intelligence has already entered into the human resource management area of talent recruitment. It is still not considered in any way equal to the human capability at scrutinizing the applicant’s talent in certain situations.
But AI comes in handy in the mundane process of shortlisting the applications, resumes, etc… This not only helps for the time being but also stores it for future performance analysis.
Another major area that a human resource management team manages is the information desk. It provides the information needed for any employee regarding the policies, payment, holidays, etc… This is an extremely repetitive task that consumes a lot of time. This part will be totally replaced by chatbots allowing HR professionals to focus on more important tasks.
The existing traditional review system is time-consuming. It necessitates the need for quarterly or yearly meetings and maintaining manual trackers on the achievements and the performance. The performance is becoming more digitized and the achievements are tracked then and there. The feedback is given instantly and the ratings have become system generated. This allows HR to have more productive conversations with the employee.
Training and upskilling:
The HR job would become more focused on updating the employees to suit the current requirement. They would need to devise a systematic approach to upskill and retain the maximum of the existing workforce.
It involves the handling of virtual reality which may prove to be the best resource in training people in areas that are risky or uncomfortable in real life. This improves the effectiveness of HR works.
Managing freelance workers:
The recent years have seen the increase in freelance workers who work from home. This involves some hardwork. Managing people located remotelt requires a great deal of energy. The employee well being and the mode of communication will need to be regulated. HR would need to come with appropriate plans for more such workers in the coming years.
This eventually reduces the need for high tech workspace for more people.
The coming years will ask more of Human resource professionals not only from the business perspective but also in becoming technically strong. Get up-to-date knowledge in both the technical front and in interpersonal skills with the help of Lexicon MILE. We strive to provide you a real-world environment that focuses on helping you to not just survive but outshine in the upcoming tech-savvy world.
About Lexicon MILE:
The Lexicon Management Institute of Leadership & Excellence (Lexicon MILE) belongs to the rich legacy of Lexicon Group of Institutions, Pune established in the year 1999, well known and reputed in the education industry. More than 12,000 students are shaping their career under the illustrious Lexicon Group of Institutions.
Lexicon MILE, founded in the year 2009 and well known all over Pune as the Oxford of the East and its chain of Lexicon CBSE and Lexicon Kids Pre-Schools boasts of a legacy of quality and value driven education, rolled out to Punekars, over the years. Today Lexicon MILE has come a long way, in a short span of nine years, to be known as the most sought after B-School, in eastern Pune, equipped with a state of the art campus and a studio finish building with Air Conditioned and CCTV enabled facilities of Classrooms, Seminar Halls, Auditoriums, Library, Common Rooms etc.
Ranked 29th all over India by Times of India rankings of 2018 and as ranked as one of the Top 50 B-Schools in all prominent Business Surveys by Business Journals & Magazines like Business Standard, Business World etc., Lexicon MILE is a premier Management Institute known for its value-based academic excellence and world class management education, which nurtures young skills, abilities and perspectives, with defined pedagogies, resulting in the holistic development of an individual.
The Lexicon Management Institute for Leadership and Excellence has been actively engaged in creating and nurturing Management professionals who are not only the ‘Pride’ of Lexicon MILE, but also, the ‘Privilege’ of their parents and most importantly, a source of ‘Power’ to their companies.
Lexicon MILE is committed to serving our communities by recognizing the diversity of Indians. Students across the country from up North to down South, from East to West are enrolled with us, to meet their professional needs of an enriched corporate life. With a large base of Lexicon MILE alumni in the corporate today, spread across the globe, we encourage personal and professional development through value based education as a foundation for life-long learning. Lexicon MILE lives the culture of transparency and liberalism in all its initiatives.
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