FICCI Hyd Hosts HR Evolution Summit

Hyderabad: The Federation of Indian Chambers of Commerce & Industry (FICCI) organised a full day The HR Evolution Summit-2024 in city on Thursday with the theme “Adapting to Evolving Workplaces, Workforce, Work Output and Work Ethos”.

Srini Raju Chintalapati, Vice Chairman, Young India Skills University, Telangana and Founder, and Chairman of iLabs Capital gave an overview of how HR transformed. It has evolved from basic personnel management to becoming a strategic partner in achieving organisational goals. He highlighted the supply and demand gaps in employment. How entry-level workers’ salaries were staged but salaries for other roles increased manyfold. He spoke about the disparity in the wage structure. He suggested a supply chain mechanism similar to the one in manufacturing for HR.

The role and face of HR are changing so much that nobody would have imagined it. Flexibility will be as important as efficiency. Performance predictability will be critical as business cycles become shorter and more volatile. Measurement and modelling are the key to predictability, said T Muralidharan, Chairman of TMI while delivering a keynote address on The Future of HR: A Revolution in the Making.

He highlighted the shifting employment terms landscape. The current generation of employees arepreferring from full-time to flexible working. The days of full-time and permanent employees will be over soon, he made a startling revelation.