SME Times is powered by   
Search News
Just in:   • Standardization boosts domestic growth, exports: Prabhu  • PM interacts with farmers across the country  • General Electric to be removed from Dow index  • Truckers' strike enters second day, northeast comes to 'standstill'  • Nadda releases India's health profile, launches institutional profiling project 
Last updated: 26 May, 2018  

Entrepreneur.9.Thmb.jpg Continual learning to build social capital vital for business success: HR Professionals

Entrepreneur.9.jpg
   Top Stories
» Standardization boosts domestic growth, exports: Prabhu
» PM interacts with farmers across the country
» Govt declares national targets for off-shore wind power
» 'Small industries must get in-hand training on Industrial security'
» Govt to spend $1 bn to boost services exports: Prabhu
SME Times News Bureau | 26 May, 2018
Top HR professionals from the public and private sector Friday highlighted the critical importance of social capital and the imperative of continuous learning for the success of a business organisation.

Speaking at the conference organised by FICCI on 'Learning & Development' in New Delhi, Ranjan Kumar Mohapatra, Director (HR), Indian Oil Corporation, said, "Learning and Organisation Development (L&OD) is not a standalone concept. It has to be interwoven in the career planning and progression of the employees in a way that they become competitive, adaptive and are open to absorb change."

He further added that organisations must put humans in the loop and fundamentally change work architecture. "The key to success lies in keeping your talent updated, open to learning and skilling, upskilling and re-skilling them as changing goalposts in a fast-changing world has become the new norm", he said. 

Quoting a 2018 Deloitte study, he said that organizations are no longer assessed based only on traditional metrics such as financial performance, or the quality of their products or services. Today, they are judged on the basis of their relationships with their workers, customers, communities as well as their impact on the society at large-transforming them from business enterprises into social enterprises. In many ways, social capital is achieving a newfound status next to financial and physical capital in value.

Rajeev Bhadauria, Group Director (HR), Jindal Steel & Power Ltd., said, "Business development today is characterized by continual change, technology is redefining the algorithm of life and impacting the human mind. Therefore the challenge is to respond in real time. Delivery is all about speed, efficacy and probity without cutting corners, he said.

Dilip Chenoy, Secretary General, FICCI, said, "The people and organizational development through a process of continual learning was critical to tackle technological disruptions at the work place. The FICCI conference was an ideal platform for cross-learning and fertilization of ideas for application by industry leaders in their respective organization."

On this occasion, FICCI-Strat-Board survey on 'Learning Philosophies: India 2018 & Beyond - Rethinking L&D Fundamentals' was also released.

Ravi Kaklasaria, CEO and Founder, SpringPeople, said that for organizational development it was important to work pro-actively in tandem with business and HR. It was imperative to anticipate what change was coming up and proactively address the change in order to build organisational capability.

 
Print the Page Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
66.20
64.50
UK Pound
87.50
84.65
Euro
78.25
75.65
Japanese Yen 58.85 56.85
As on 21 Jun, 2018
  Daily Poll
Is counterfeiting a major threat to SMEs?
 Yes
 No
 Can't say
  Commented Stories
» Starting an import export business: Basic guide for beginners(21)
» Modi interacts with Digital India beneficiaries(1)
» Fiscal deficit, GDP data: Is it a turnaround(1)
» Lend more to MSMEs, RBI urges NBFCs(1)
» RBI's surprise rate-hike(1)
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter