IIM Raipur hosts the 5th HR Summit 2022
Indian Institute of Management Raipur, launched its 5th HR Summit on 5th February with the theme “HR Architecture in Digital Landscape”. The summit aims to provide a unique platform to the HR experts and the students to interact and discuss key ideas which would help the upcoming HR professionals in tackling future challenges in a proficient manner. The inaugural ceremony was graced by Hon’ble Chief Guest Mr. Indrajeet Sengupta, CHRO at Hindustan Coca-Cola Beverages, Prof. Bharat Bhasker, Director, IIM Raipur, Prof. Satyasiba Das, Chairman, Corporate Relations, IIM Raipur. The event was coordinated by Prof. Anubha Dadhich, Asst. Professor, HRM & Organizational Behaviour, IIM Raipur.
The Summit was addressed by Dr. Satyasiba Das who introduced the guests to the proceedings of the event. He also touched upon the development of the event over the years while highlighting the importance of the connection between corporate and students to keep abreast of the recent HR trends.
This was followed by an address by Prof. Bharat Bhasker. He talked about the changing structure of the organisation according to the changing situation. Changing behaviour and structure is a great challenge but the HRs are the greatest challengers who were able to overcome the disruption in the past years with the help of changing technology.
The welcome address was followed by a keynote address from the Chief Guest Mr. Indrajeet Sengupta. He shared that companies want to grow by sailing through fierce competition but many of them fail. The reasons for the failure are external and not internal as perceived by the companies. There should be a huge focus on inclusivity, agility, and empowerment. The inaugural ceremony ended with a vote of thanks by Prof. Anubha Dadhich.
The speech was followed by panel discussions. The first panel discussion saw insights on the topic ‘Tech-fluent Workforce’ which was moderated by Prof. Anubha Dadhich. She gave a brief introduction to this interesting topic and initiated the discussion.
Ms. Sangeetha Gera, Head – Learning & Talent Management, Société Générale emphasized the importance of a tech fluent workforce in the financial and banking sector. Reorienting the entire workforce is crucial to cope with changes in the workforce from varied demographics. It is important to build a new culture and ritual bonds rather than sticking to old rituals in the ecosystem.
Dr. Anil Kumar Misra, CHRO, Reliance Retail shared that organisations should be inclusive of multicultural environments. The existing workforce will be irrelevant by 2025 and organisations need to scale up the agile mindset. Whenever there is a crisis it is important to center one’s aspiration around how much one can learn. He also emphasized using one’s passion for personal branding.
The second panel’s Track 1 discussion was on the topic ‘Mental Well-being and Thought Leadership’. Track 1 was moderated by Prof. Pankaj Singh, HRM & Organizational Behaviour, IIM Raipur. Mr. Sanjay Srivastava, Director – HR, Boehringer Ingelheim said that every organization has its own set of rituals that form the culture and identity of the organisation. Leaders and managers should be more inclusive with diverse views. He emphasized the art of being still so that one should be able to enjoy one’s own company.
Mr. Lokesh Sikka, CHRO, Onida shared that the majority of the mental stress is directly through the immediate supervision one faces at the workplace. Decision-making becomes easier with the help of supportive managers and leaders. One should always engage in conversations with their colleagues to build a better understanding.
Track 2 witnessed the discussion on ‘Competencies and Skill Intelligence’, Track 2 was moderated by Prof. Sanjeev Prashar, Professor- Marketing, IIM Raipur.
Mr. Sunil Ranjhan, Senior Vice President & Director HR, LG Electronics said that agility, flexibility, capability to live with the contradictions as a manager is a key to adapting to the changes. Leaders and managers should build on the competency of integrating human intelligence with a quantitative and frugal mindset.
Mr. Sutanu Chowdhury CHRO, Spencer’s Retail said that there is always a disruption in training the workforce to get into the system and VUCA (Volatility, Uncertainty, Complexity, and Ambiguity) has always been there. With the disruption, scenario planning in terms of the way the customers practically demand and buy is critical.
Mr. Sudhir Dhar, Executive Director – Group CHRO, Motilal Oswal Financial Services mentioned that leaders need to have a futuristic mindset and should be a catalyst for change. Leaders have to do what is right and not what should be right to have a competency map for the organisation.
The third panel’s Track 1 discussion was on the topic ‘Total Reward Strategy’. Track 3 was moderated by Prof. Kamal K Jain, Professor, HRM & Organizational Behaviour, IIM Raipur. He gave a brief introduction to this interesting topic and initiated the discussion.
Mr. Siddharth Silawat, Head – Rewards, Policy, ER & Compliance, _VO IS said that Industry 4.0 has a huge impact nowadays and presented quite a few challenges. Organisations are focusing on cyber skills. Rewards aligning to digital strategy are not far behind. Companies should focus on digital strategy implementation.
Mr. Debashish Majumdar, Head HR Business Partnering & Rewards, Godrej Housing Finance explained how the digital journey has seen an acceleration since the start of Covid. Organizations need to be extremely agile these days since the business cycle is turning every 2 years. It is important to have a combination of standardization and personalization.
Mr. Mahipal Nair, CHRO, NielsenIQ suggested the inclusion of health bonuses in total reward plans to make it holistic. Talent is loyal as long as organisations bring in value. There is a need for constant learning and reskilling. Wellness is also one of the critical aspects of total reward strategy.
Track 2 of the third panel witnessed the discussion on ‘Total Reward Strategy’, Track 2 was moderated by Prof. Damini Saini, Asst. Professor – HRM & Organizational Behaviour, IIM Raipur.
Mr. Satyanarayan R, Country Human Resources, Siemens Gamesa highlighted that total rewards are the key integral part of the people strategy. Rewards keep the employee engaged which further enables them to do better in the job. The organization should bucket into tangible and intangible processes to address the employees with “FLEX AGILITY”.
Mr. Tony Mathew Jose, Head – Talent Strategy and Analytics, Ather Energy said that wider access to talent comes with its own set of complexity. He emphasized reinforcing and sustaining the people management functions with regards to stakeholders to grow exponentially.
The event is set to continue on 6th February with many other esteemed HR leaders yet to light up the summit with their opinions and insights on the corporate world. The students will look forward to further assimilating these learnings into their skillset and equipping themselves for the upcoming challenges in the industry.
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Preety Chaudhary/New Delhi/Updated on: February 5th 2022