IISWBM organises Annual HR Conclave 2024- InnoHRate

The Alumni Committee of MBA-HRM of IISWBM, on 1 March organised the Annual HR Conclave 2024, InnoHRate. This year’s theme was Innovate to Elevate: Crafting Tomorrow’s Organisations with two panel discussions on two respective subthemes. InnoHRate was a single day event conducted on 1 March 2024. This assemblage of HR stalwarts as speakers and moderator provided a platform to trade ideas, thoughts, and views related to innovation in HR as an imperative for organisations to stay competitive and thrive in today’s dynamic business environment.

Panel: 1 Artificial Intelligence in Human Resource Management

Artificial intelligence (AI) is revolutionising various industries, and Human Resource Management (HRM) is no exception. AI technologies are being increasingly integrated into HRM processes to streamline operations, enhance decision-making, and improve overall efficiency.

Mr. Chanchal Kumar and Ms. Bhoomika Bakshi highlighted that AI-powered tools are being used to automate the recruitment process by analysing resumes, screening candidates, and even conducting initial interviews. Mr. Sugata Roy emphasised on how generative AI and predictive AI can provide frictionless employee experience. Mr. Rijit Sarkar was of the opinion that AI stimulates Human cognitive mind. According to him, the narrative was never about “AI vs. Human”, rather AI should be perceived as an enabler to strategic HR functions. Mr. Akshat Bhargava raised some pertinent questions regarding applicability of AI to different companies in different industries.

The Moderator, Mr. Kallol Dutta had a very insightful take on the entire discussion. He had a “AI from a non-AI perspective”. He said AI originated as a disruptor then transformed into an enabler and is now turning into a differentiator.

Panel: 2 Building Resilient Organisational Culture by Human Resource Management

Organisational culture plays a crucial role in shaping the overall performance and success of a company. A resilient organisational culture is one that can adapt to changes, overcome challenges, and thrive in the face of adversity.

Mr. Aniket Mitra opined that Culture is basically the smell of the office. However, Mr. Nilangshu Ghosal had a very different perspective. “There is nothing called Organisational Culture”, he said. The behaviour correlation to culture should ultimately lead to employee performance and revenue.

Mr. Junaid Rizvi highlighted that culture boils down to people. Culture provides a conducive environment for people to learn and grow. Mr. Subhro Sankha Mukherjee shared his personal experiences of two to three renowned companies and their core values. Building resilient organisational culture will be possible only when each and every practice is aligned to these values. Mr. Chanchal Kumar emphasised that a resilient organisational culture will depend on employee well-being, mechanism for agile decision making and a culture of innovation.

The Moderator, Mr. Kallol Dutta concluded the discussion on the note that when an organisation is intrinsically motivated that is when the organisation is truly resilient. He highlighted the concept of anti-fragile and its importance in making today’s organisations adaptable, agile and sustainable.