Onimia, the official HR Panel Discussion event, kick-started with a discussion on the topic ‘Does HR Analytics holds the key to the Future of People Management’. The discussion was moderated by Mr. Sidharath Tuli, who provided a brief description on the topic. He spoke about the diverse backgrounds the panelists come from like Consumer durables, Heavy Vehicles, Oil and Gas, Pharmaceuticals and Academics. He stated that the diversity of the panelists would help to have a holistic discussion. The panelists provided various perspectives on the matter.
Mr. Sidharath Tuli, Head of HR, Larsen and Toubro Hydrocarbons, spoke about some simple examples about how HR analytics are used in people management. He spoke about the contentious Bell Curve that is widely used as an industry tool for performance measurement. He also spoke about the pros and cons of this kind of performance measurement and the role of feedback in helping better alignment of organisational and individual goals. He pointed out the importance of direct and timely feedback supported with appropriate and reliable data provided through analytics.
Mr. Bijender Vats, Associate Director – HR, Merck, Sharpe and Dohme (MSD), an alumnus of IIM Calcutta, spoke about the role of HR analytics in the pharmaceutical industry. He threw light on how HR departments have evolved from just an administration unit to a business support system. He pointed out how analytics has helped not only to rope in better talent, but also to retain it in the long run. Analytics has helped organisations to better identify the talent pool and substantiated it with examples from MSD.
Dr. (Col.) P. S. James, Area Chair – HR, TAPMI provided an academic view towards the topic under discussion. He spoke from his extensive experience in the Indian Army and how analytics helped in better recruitment of cadets and minimize single community representation in regiments. He pointed out the looking for patterns in data provides a clearer picture of the people and their performance. He pulled attention towards the fact on how analytics can help in predicting performance and how this adds an extra facet to the benefits of analytics in HR.
Mr Raj Narayan, Senior VP and Chief of HR at Titan Industries spoke on why incorporating HR analytics is important and what are some of the challenges managers face while incorporating analytics in HR related activities. Mr Narayan believes that whatever can be measured can be valued. Hence it is necessary to integrate analytics with HR related activities because it tries to make a subjective or fuzzy element, more specific and measurable. Some of the main challenges which managers face is ability to understand data. Empowering managers with information is critical and a major challenge for organisations. Mr Narayan also pointed about being cautious while making use of data as managers get caught up with numbers. He also explained the importance of using analytics wisely.
Mr Marulasidda MC,Director-HR, Scania spoke on how HR has grown from being just a facilitator into a business partner. Hence the need to understand and measure quality of parameters like performance have increased. He explained how the scope of HR analytics is increasing in this field. He also explained the need to customize and tailor the avenues through which we use data, which depends upon organisations and their strategy.