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67 percent HR leaders in India highlight the need to modernize to stay relevant

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  • As per a latest report by KPMG, 67 percent HR leaders in India believe that the HR function will rapidly become irrelevant, if the approach to understand and plan for the future needs of the workforce is not modernized

Source | www.peoplematters.in | Drishti Pant

The KPMG report titled ‘International’s global Future of HR 2020 : Which path are you taking?’, reveals the key priorities of HR for the coming year.

To begin with, the report shows that 3 in 5 HR leaders globally (57 percent) compared to 67 percent in India  believe that the HR function will rapidly become irrelevant if it doesn’t modernize its approach to understanding and planning for the future needs of the workforce.

It is no news that the HR function has to undergo tremendous transformation to be able to manage the changing nature of work. From managing diverse workforce to preparing for the rapid technological development, there are many elements the HR function had to prepare for.

The report highlights some specific trends that will shape the HR function in 2020 and reveals the key priorities of HR leaders for the coming year. Here are a few insights:

Top HR initiatives India Inc. will focus on in 2020

  • Enabling a culture that is aligned to the wider business strategy (42 percent).
  • Providing advanced /predictive workforce analytics and insight (39 percent) and Identifying new ways to create value in the  organization ( 39 percent).

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