Three new HR transformation trends

NEW DELHI, INDIA:  Based on the theme of What got us here, won't get us there, a new NASSCOM-Aon Hewitt report titled The Transformation Agenda, outlines new HR trends in the IT-BPM industry.

According to the report, talent risk for the IT –BPM industry spans a variety of focus areas and is a key imperative for the industry going forward.  It highlighted the following new HR transformation trends.

Shortage of skills: It will impede anchoring of business to domain specific services and SMAC innovation. Limited availability of niche skills needs to be countered aggressively by the industry as looking at talent costs and employee productivity in silos will limit new innovations.

Gap between imperatives and outcomes: HR as a function was a big lever in the success of the IT industry; however now most organizations feel that there is gap between the strategic imperatives and talent outcomes, which acts as an impediment to business growth.

HR today requires a tighter alignment of talent skills, and needs to augment its capabilities in order to anchor change within management processes. Organizations need to inculcate predictive analysis to prove for more insightful and actionable answers to talent questions.

Talent analytics is set to play a crucial role in HR: According to the report, talent priorities are changing, and in the future talent analytics will be at 60 perent, followed by talent strategy reconsideration at 53 percent, leadership development and technology adoption at 47 percent.

Talent analytics is set to play a crucial role in HR, where companies will be able to calculate what employees value most and then create models to boost retention rates. Integration of individual performance data with HR process metrics, such as cost and time outcome metrics will help in engagement and retention.