Key HR trends in the automobile industry
The Indian automobile industry is experiencing a positive growth trajectory; the two-wheeler segment, in particular, is promising due to an expanding Indian middle class, inroads into rural markets and the need for affordable mobility. However, the industry’s success will depend on hiring right and maintaining a productive workforce. Here are some trends in talent management:
AI & TALENT MAPPING
The potential of artificial intelligence (AI) is useful in managing talent. The ability of AI to process vast amounts of data and take decisions like humans, makes it ideal to sift through resumes and match talent with role, without exhibiting human biases. It can also be leveraged to enhance employee engagement and query resolution.
AUTOMATION & EMPLOYEES
As jobs continue to get automated, engagement and communication with employees is essential for talent retention. While upskilling will become critical for employability, the future workforce will have more opportunities to engage in creativity and innovation as they adapt to the change. Automation must not deter employees’ confidence and willingness to innovate. Thus, it is crucial to create pathways for employees to evolve.
INCREASED USE OF HR ANALYTICS
HR analytics is vital to the wellbeing of companies and employees. Technology has made it possible to convert the entire employee lifecycle into quantita- tive data that can drive better processes and improve decisionmaking. Records can be developed and maintained for employees that tracks performance, strengths, and areas for development. This can be used to design customised programmes for employee development. At TVS Motor company, we use this to evaluate future risk and map health trends. Using this data, we have deployed ergonomic tools to create comfortable and safe work stations.
EMPLOYEE WELL-BEING Building and maintaining trust with employees is essential at all times. Any healthy workplace nurtures their employees by giving them flexibility to test their skills and recognising their work. This helps them develop a sense of belonging and purpose, and be self-motivated, and ultimately increases productivity.
The automotive industry in India is set to grow and remain competitive in the next decade. In an industry where technology is an equalizer, the ability of companies to recruit and retain the best talent may prove to be the differentiator.