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A growing number of companies are transforming their HR functions. Yet, when KPMG set out to survey this transformation, it found that more than half the organisations didn’t have a business case for HR initiatives in India. KPMG’s HR Transformation Survey 2017 was conducted in 48 countries among 900 executives. Around 85 per cent believed that ROI on HR initiatives had not been achieved. Only 7 per cent agreed that there was implementation of HR cognitive automation initiatives in their organisation. Significantly, however, there was 20 per cent rise in spending on HR technology compared to last year. Top investment areas identified for this year were talent management, HR data and analytics and onboarding.
15 per cent surge in jobs
Monster Employment Index India registered 15 per cent year-on-year growth for September 2017. The home appliances sector led the growth with a 58 per cent rise in online recruitment. This could be attributed to the festive season. Online hiring in Banking/ Financial Services, Insurance paced up from 35 per cent in August 2017 to 45 per cent in September 2017, with an additional nine per cent increase in month-on-month demand.
City-wise data showed that Tier 2 markets outperformed metros in terms of job growth. All five Tier-1 cities monitored by the index witnessed slowdown in online hiring on a year-on-year basis. Kolkata (up 33 per cent) continued to lead long-term growth followed by Vadodara (up 23 per cent) and Coimbatore (up 20 per cent).
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