HR Summit 2022: What experts said about industry trends

Discussing on the 'Humanizing work and the workplace: Balancing People, Planet, and Prosperity,' the human resource community at the HR Summit 2022 in Mumbai deliberated on the need to develop solutions aimed at building the organisation of the future

The HR community gathered at the HR Summit in Mumbai on December 13, 2022, to learn from industry stalwarts through interactive sessions and to discover the newest trends, legal compliances, and technology available to make HR processes efficient in today’s competitive work environment.

There were discussions and debates about the future of the workplace, employee well-being, creating a cybersafe workplace for women, moonlighting, and other HR trends that are shaping the industry.

Here are a few quotes from the experts who spoke at the HR summit:

“If anybody is doing a second job in addition to their regular job, they are moonlighting. It has three to four drivers. One is a desire to make money, the second is a need to upskill, the third is disengagement from current employment, and the fourth is a desire to make money from hobbies. Conflicts of interest provide the biggest risk to employers, followed by data breaches and employees jeopardising their health for immediate gratification.”, said Manoj Shikarkhane, Chief Human Resource Officer, LTIMindtree.

“When you look at the number of what you need to retire versus what you have, there is a huge difference. An RBI survey reflects that more than 50 percent will be dependent on their children post-retirement. People typically begin saving for retirement after the age of 45. Having the ability to book money in low-cost funds which gives returns past 60 years is a really good product.”, said Mrin Agarwal, Founder Director, Finsafe and Co-founder, WOMANTRA and Member of Advisory Committee, SEBI IPEF.

Data analytics
“Data usage has provided great experience outcomes along with an excellent business experience. The real value of data usage is to leverage it in the right way. Data analytics and scientists bring predictions for managers to do their jobs better.” said Anand Tuli, Vice President, Head – Analytics and Decision Sciences, Vedantu.

“Data-driven analysis is a huge game-changer for us, in terms of hiring. From the people to whom we need to apply data intelligence, consent is absolutely essential. It’s crucial to consider various data application spectrums and sectors.” said Ranjan Kant, Co-Founder, Arthmate.

“Human attention is the most appreciating currency. Each learning theme now needs good analyst and marketing personnel. It is difficult to have standardized learning and expect people to absorb and retrieve it. Learning should make the workforce increasingly agile and adaptable.”, said Ashish Kumar Jha, Co-Founder and CEO, Vani.Coach.

“Communication is important in today’s day and age. Indian HR experts are one of those torch bearers that can contribute to elevate the Make-in-India initiative ahead,” said Shaina Munot, BJP Spokesperson, Executive Board Member of Prasar Bharti, and World Chairperson of Giants Welfare Foundation.

Cyber safety
“HR plays an important role in ensuring the safety of the workforce, especially women employees. When you talk about cyber safety, institutions need to work diligently equally. The workplace has moved beyond four walls, and it calls for well-defined policies to take care of cybercrimes against women.”, said Khushbu Jain, Advocate- Supreme Court of India and Founding Partner, ARK Legal.

Edited by Tanmoy Mitra

Disclaimer: The views expressed in this article are those of the author and do not necessarily reflect the views of the Economic Times – ET Edge Insights, its management, or its members

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