SME Times News Bureau | 26 May, 2018
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."
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.
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.