Today, just a marketing slogan on a glossy piece of paper is not enough and even the most successful companies are redefining the values hidden in the heritage of their organizations, search for moral purpose for existence and pay more attention to emerging trends in Diversity Management, Leadership and Employer Branding.
Big Data in HR
The amount of data we produce accounts for 2.5 quintillion bytes per day. In fact 90% of the data worldwide today has been created in the last two years alone. Moreover, Internet of Things (IoT) will soon produce a massive volume and variety of data at an unprecedented velocity.
In order for organizations to sustain, the perception of a traditional employer-employee relationship has to change as the contingent workforce is on the rise. Business leaders and top management need to look at the interdependencies between human capital and business performance from a broader perspective.