MAM
Flexi-timing, job hopping, social media feedback are key HR issues for media companies
MUMBAI: The challenges of human resources (HR) are constantly changing in any industry thanks to the emerging role of automation and social media along with a higher rate of attrition and scarcity of talent. Decoding the new age issues in the HR space, Publics head HR Nikhil Natekar spoke on a wide range of issues a freewheeling chat with She Means Business content creator and workshop facilitator Dipika Singh at the Indiantelevision.com Media HR Summit 2019.
The first issue (and the most talked about one today) addressed the need for flexible timing. “It’s not only the responsibility of the HR to look into it. It depends on business to business; there are lots of challenges in terms of flexi-time. It should not impact your core business hours. You need to look at core business hours aligned with your organisation. Flexi-time cannot work in the hospitality sector but can work in the IT sector where the employees are playing an individual contributor’s role. So, you need to define where you want to apply flexi-time,” Natekar commented.
With the power of social media in hand, employees and job aspirants can easily write good or bad feedback for companies and Natekar says that this is a reality that needs to be accepted and tackled. Companies need to perceive platforms like LinkedIn and Glassdoor as a mirror and start taking feedback positively.
According to Natekar, accepting the flaws and responding to feedback is very important. Usually, organisations respond to consumer feedback on social media but not to employees. This is because they look at them as employees who are working for them but not as their internal customer who is generating revenue. Natekar voiced the need for a change in the thought process.
“There are two ways to look at it. First, see your current stage and then map out where the organisation wants to be in three years. Identifying that gap is very important. That’s where HR plays an important role. You have to do your own streamlining. You have to align your business leader. If you want to move from this stage to version two, what are the required skill sets for that level and who in the current team have those skill sets and what skill sets do you need to hire. It is more of an understanding between your leadership and HR,” he commented on how business helps HR in pre-empting the requirement of future.
He outlined that automation gives insights, data, and knowledge that was previously unknown but HR’s core responsibility ultimately lies in developing a relationship with an individual. Automation will give HR the background data but it will not be able to throw light on the feelings an employee has developed. Data can help understand focus areas but humans are needed to conduct personal level conversations.
Job hopping has become a tendency among employees and Natekar’s approach would be to directly ask employees for the reasons. But he asks organisations to understand that in today’s age people don’t want to work at the same place for 10-15 years. The tenure has dropped drastically to three years.
The HR’s focus should be on reducing attrition, not of average employees but for key performers who can aid the company’s goal for the next five years.
Brands
Safex Group appoints Richa Malhotra as group chief financial officer
Former Standard Chartered executive to steer finance
NEW DELHI: Safex Chemicals has appointed Richa Malhotra as group chief financial officer, strengthening its leadership team as the company prepares for the next phase of expansion in specialty chemicals and global agrochemicals.
In her new role, Malhotra will lead the group’s financial strategy, capital architecture and governance framework as Safex scales operations across multiple verticals including branded formulations, specialty chemicals and contract manufacturing.
A chartered accountant and graduate of Shri Ram College of Commerce, University of Delhi, Malhotra brings more than two decades of experience in business finance, strategic planning, corporate banking and client management.
Before joining Safex, she served as executive director, financial markets at Standard Chartered, where she led teams across India and Sri Lanka and worked closely with large corporates, global subsidiaries and commercial banking clients. Her expertise includes capital structuring, treasury operations, risk management and financial markets led financing solutions.
Safex Group promoter director and joint managing director Piyush Jindal, said the appointment comes at a pivotal time for the company. “Safex stands at an inflection point as we build an integrated platform across branded formulations, specialty chemicals and contract manufacturing. Richa’s experience across global financial institutions will strengthen our financial discipline and help unlock value across the group,” he said.
Malhotra said she was looking forward to contributing to the company’s next chapter of growth. “Safex has built a strong reputation over 35 years with its focus on integrity, innovation and agricultural insight. I am excited to be part of the organisation as it expands its footprint in India and global markets,” she said.
The appointment comes as Safex continues to strengthen its financial foundations and scale operations internationally, positioning itself for future growth milestones.
