Article (May-2018)

Articles

ICFAI Business School Mumbai hosts 1st International HR Conference

IBS Event Report

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Organization : -  ICFAI Business School Mumbai

01-May-2018

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ICFAI Business School Mumbai hosts 1st International HR Conference"HR in Search of an identity-Changing Business Models; Inroads Made By Technology"

"HR functions can act as catalysts in nurturing and developing the potential and performance of the people in an organisation" said Dr. T.V.Rao, Chairman T.V. Rao Learning Systems, Ahmedabad & renowned HR luminary, in his Inaugural and Keynote Address at the ICFAI Business School Mumbai's 1st International HR Conference "HR in Search of an Identity - Changing Business Models; Inroads Made By Technology", on April 6, 2018 at its campus in the Hiranandani Knowledge Park, Powai conference. Emphasising the three Cs of HR viz. Competence, Culture and Commitment and their significance in bringing out the best in the human assets of the organisation, Dr Rao said "HR is Business : Business is HR and will continue to be theĀ  key business driver despite the onset of changing business models and advents in technology.

Prof. Y.K. Bhushan, Senior Advisor and Campus Head, IBS Mumbai extolled the virtues of HR Managers in tackling perceptual traps coming in the way of organisational communication, and the need to foster harmony and trust between members of their organization.

A Compendium of Conference proceedings was released by Prof. Y.K. Bhushan and Dr. T.V.Rao, followed by a Panel discussion on "The Future of HR in the face of Business Model Changes and the Advent of Technology". The panel members were Ms. Padmini Mishrra - Global Head, Human Resource and Administration, Cox and Kings, Mr. Altaf Madraswalla - Head HR, Bombay Dyeing and Ms. Nabomita Mazumdar - CEO and Entrepreneur. The discussion covered various trends in HR viz.the growing use of Artificial Intelligence and Chatbots in the domain of HR and other business functions to key challenges faced by HR professionals in dealing with the modern work force comprising of the millenials and Gen Z. The panel members highlighted the need for organisations to have a Happiness Index for measuring the effectiveness of their HR policies and practices.

Research Papers were presented in four tracks - Pragati (HR & Technology), Rujhan (Future Trends in HR), RanNiti (HR Subsystems and Strategy) and Urja (Human Capital Management). Paper presenters in each track comprising of Industry Practitioners and Academicians deliberated on topics ranging from the use of gamification in modern recruitment practices, role of artificial intelligence in enhancing the impact of HR functions, significance of employee wellness programs and its effects on millennials, to the changing scenario of Industrial relations climate in India, use of antidotes to tackle destructive emotions at work and understanding the right HR skills in Banks from the customer's viewpoint.

Dr. Adil Malia, a prominent figure in the field of HR and Chief Executive, The Firm, in his valedictory address, talked about the need to keep pace with fast-paced change. Describing the innate human capacity to foresee the unpredictable, Dr. Malia said that winners are not the victims of change but are the cause of change.

IBS Mumbai has Indian Oil Corporation Ltd (IOCL) as its Conference Partner, Kitab Khana as the book partner and was supported by AMDISA.