My first Magazine HRegatta_Edition 8 | Page 7

The HR & OB Society While a deft touch for managing people is always required, HR must increasingly achieve business goals by capitalizing on all possibilities of digital technology. Digital Human Capital Management solutions have potency to transform the way in which HR processes are currently managed as illustrated in figure 3. (Source: Capgemini Consulting ) Digital HCM solutions enable integrated management of approval workflows and policies. They provide a single point of responsibility for managers (Manager Self Service), employee (Employee Self Service) and HR (HR Self Service) as well as more transparent usage, availability, spend and performance leading to standardisation of processes with better visibility, accessibility and intelligent reporting with analytics. Digital HCM solutions enable organisations to analyse datasets to identify patterns and causality. HR can diagnose the factors that lead to voluntary turnover of employees and take corrective actions to reduce employee turnover. Hiring and retention rates can be improved with help of data analytics by identifying the best capabilities corresponding to a role. So, what Is Holding Back Digital Transformation in HR? Most organizations have traditionally been built upon multiple IT systems to support HR processes. These systems are not interoperable, do not function seamlessly and lacks scalable solution for global solution which is the major predicament. In addition, Digitization Efforts are more often than not curtailed by Senior Management perceptions considering it as a parsimonious rather than an investment. HR leaders must ensure four checkpoints for successful digitization efforts and delivery of maximum benefits. • • • • Digitization in HR is driven post building Top-Management Consensus Adoption of a Flexible, Scalable IT Architecture Deliver a Seamless Corporate experience to employees across globe Data driven Decision Making Organization can do much more to derive value from investments already made in technology, even as they foresee radically new ways of working. Despite the build-up around innovative digital technologies, digital transformation journey of most organizations still has a long road ahead. Maven Leadership is essential. The key to digital transformation is re-engineering and Faculty of Management Studies, Delhi 7