As organizations grapple with an increasing number of routine, administrative tasks that can drain employees’ time, digital disruptions like mobile apps and AI (Artificial Intelligence) at work, are already demonstrating how rapidly it can transform work. There is cautious worry about the effect that the new age HR solutions with AI coming in a picture will have, especially when it comes to the workplace and the perceived threat to high-transaction oriented jobs.
The Union government is reviving a plan to extend health insurance, life insurance and provident fund facilities to all workers.
“The aim is social security to all. If a segment of the 475 million workforce are already getting social security benefits, we are striving to cover the rest of the working community,” said M.
Being a woman entrepreneur may be aspirational for many, but is it easy being one? As people celebrate women entrepreneurship day on Sunday, many of them say entrepreneurship is not for the faint-hearted and it’s important to have self-belief in a path strewn with bureaucratic and gender obstacles.
Shelly Singh, Co-Founder and Chief Business Officer, at PeopleStrong, who started her journey as an entrepreneur 12 years back, felt women should aim higher in life.
As more millennials join the workforce, businesses are looking to connect with this generation in a way that is frictionless. Meet Chia, Jinie and the likes – from applying for leave to booking flights and placing expense reimbursement requests, these bots are doing it all as employees chat with them.
With clients across sectors like pharma and travel, Jinie has over 2500 first adopters.
As organizations grapple with an increasing number of routine, administrative tasks that can drain employees’ time, AI is already demonstrating how rapidly it can transform work. There is cautious worry about the effect that AI will have, especially when it comes to the workplace and the perceived threat to high-transactions oriented jobs.
Exactly one year back, Prime Minister Narender Modi sprung a shocking surprise to the country and declared the discontinuation of Rs. 500 and Rs. 1000 notes. While what ensued were frantic visits to the nearest bank, and serpentine queues at the ATM machines; the entire exercise, gave a booster shot to the digital payments processes to a country heavily reliant on cash.
When Prime Minister Narendra Modi announced demonetisation on the evening of 8 November, 2016 that sucked out 86 percent of currency in circulation at that point, the country went through a difficult transition. Unable to access cash from banks or ATMs for a brief spell temporarily derailed the economy. A year later, the digital transformation has changed the payment landscape.
Demonetisation was a landmark decision that changed the course of whole economy. The smooth functioning of various sectors went for a toss after this judgement. India’s GDP growth tumbled from 7.9 per cent to 5.7 per cent.
The sectors that faced the brunt of demonetisation were mostly the unorganised sector, small – medium enterprises and the manufacturing units.
Imagine your company is asking you to go on vacation and paying you extra salary during the time you are away. Employees of the Sydney Morning Herald don’t have to imagine. Rules say all employees of the Australian newspaper must take a 40-day vacation in a year.
The reality in India is starkly different.
Organizations today are operating in an uncertain, complex, and an increasingly volatile world. With innovations happening at earth-shattering pace, it’s difficult to keep up with an evolving landscape. The HR function is facing new demands which require quick, and fitting adaptation to the new mission.
That’s why, while buying a new HR Technology, you need to keep a balance.