As per a PeopleStrong survey in 2017, India is expected to have the fastest growth rate in HR technology wherein the market is forecasted to grow by 25 per cent.This article is authored by Achal Khanna, CEO, SHRM India.
There was a point in time, when HR and Innovation were two words that did not connect with each other.
Globally, we all have seen an enormous evolution in the way technology has squirmed its way into any and every thing that we touch, such that it is very difficult to imagine life without it. Within India itself, sweeping transformations at workplace have helped India Inc. be synchronous with the global narrative on digitization.
From traditional classrooms to experiential and personalised learning approaches, the learning and development domain has undergone a sea transformation in the last few years. With increased awareness and focus on learning methodologies and measurement of impact of learning, organisations are now more inclined towards learning solutions that are designed to cater to specific learning needs.
The skilling & HR tech space is seeing a flurry of deals – acquisitions and investments – in the last three months. Data from research firm Venture Intelligence shows that 9 deals have been closed in the Jan-March quarter of 2018, and $59 million has been pumped in.
The quarter also registered a 300% jump in the investment compared to the same period in 2017.
As robot recruiters and AI begin to bring about sweeping changes in the recruitment world, what should recruiters and HR tech companies do to adjust to these changing environs? How will technology shape processes in recruiting in the coming times? These are some of the questions staring in the face of the recruitment community today.
We may not require a crystal ball to gaze into how the next generations will live 50 years hence, but we’re definitely getting a taste of it- and we like it !
The word “Digital” is used so often and encompasses such a vast array of things that it could define anything from a simple wristwatch mechanism to an entire stratosphere of cloud solutions.
The Indian automobile sector is set to witness a pickup in hiring over the next 12 months, largely driven by the passenger vehicle segment which has seen many launches in the last year in addition to the advent of new technologies in areas such as electrified and driverless vehicles.
A recent study carried out by HR services firm PeopleStrong predicts the automobile industry to hire 8-12% more employees in fiscal 2019 than this year.