Human Signature

The next Evolution in HR Technology will be far more rebellious than the milder revolutions in the previous historical periods. No new technology since the dawn of the internet has captured the imagination like Blockchain and Chatbots. Imagine your TA team asks SIRI to find the next applicant for a certain role or ability of SIRI to do a compensation analysis based on your voice commands. Imagine you know for sure that each and every word written in a person’s resume is 100% correct and it’s next to impossible to counterfeit Resumes. Things are indeed moving ahead towards these directions. In fact, Recruit Technologies and Ascribe announced in April 2016, a strategic alliance to bring Blockchain Technology to the Human Resources industry to increase transparency and in turn address fraud in HR credentials. They are investigating the possibilities and practical uses of how Blockchain Technology can be applied to the human resources sector; they will begin by developing a...

The falling oil prices has helped the government save about USD 1.7 billion in subsidy bills which is major boost to India’s finances. The direct benefit scheme for LPG subsidy, that transfers subsidies directly to beneficiaries through bank accounts, could help the government save about USD2.3 billion every year. Recently economic survey had revealed that India’s rich feed off subsidies worth over Rs. 1 lakh crore a year that are meant for the poor. So did budget consider all the factors.  The BIG Question was….will priority be given to Growth or Fiscal Deficit? People used to big bang announcements will be disappointed. Well in one line this is a social transformative budget which provides roadmap for fiscal consolidation. The thrust has been on three main areas Rural, Agriculture & Social sector. The target for fiscal deficit 2016/17 has been retained at 3.5% of GDP. This is positive for bond market & banking in general. Also will give c...

                  Imagine a scenario, where algorithmic tools & programs being used to calculate the number of years a person will stick around in an organization or selecting a candidate without any interview rounds. And how about this one, appointing employees directly as VPs, CEO, MD etc. because the data says so, even though data parameters look completely illogical to human mind. This may include gene/DNA analysis. Primarily, till now HR’s have taken decision on biased data points which is based upon intuition or experience. Organizations are spending on well-intended, but mishandled retention tactics, such as raises, bonuses or promotions put in place by HR in an attempt to control attrition. When these strategies are applied without hard data to back them up, their results can be futile. Worse, money can be spent needlessly to retain people who are not actually at risk of leaving. HR never realized how much data they ...

According to World Intellectual Property Organization (WIPO) intellectual property (IP) refers to creations of the mind, such as inventions, literary and artistic works, designs, and symbols, names and images used in commerce. IP is an intangible asset to a company. It gives business partners and financial institutions the confidence to invest in or collaborate with the organisation. Non-lawyers often think that a same law applies/governs to patent, trademark, copyright etc. Well the truth is although all fall under a common umbrella called IP however these laws originated separately, evolved differently and covers different aspects. In Richard M. Stallman's article "Did You Say “Intellectual Property? It's a Seductive Mirage" he mentions that for instance, Copyright law was designed to promote authorship and art, and covers the details of expression of a work. Patent law was intended to promote the publication of useful ideas, at the price of giving t...

Shared Services is a way of organizing administrative functions to optimize the delivery of cost‐effective, flexible, reliable services to all “customers”. According to Wikipedia: Shared Services refers to provision of a service by one part of an organization or group where that service had previously been found in more than one part of the organization or group.  Thus the funding and resourcing of the service is shared and the providing department effectively becomes an internal service provider. The key is the idea of 'sharing' within an organization or group. When transitioning to a HR shared services model, organizations should structure the shared services center (SSC) to most effectively meet business objectives. Multinational organizations should determine whether shared services are most effectively delivered through a number of centers based on business groups and regions, or through one global center. Further, while implementing SSCs, organizations s...