Unfolding Trends in HR Practices and Employee Retention Initiatives
The Cochin Chamber of Commerce and Industry conducted the CEO Forum’s – 4th Breakfast Meeting on Friday, 5th April 2019 at the Taj Gateway Hotel, Ernakulam. The Guest Speaker at the meeting was Ms. Lakshmi Ajit, Director - HR, Eliptico IT Solutions Pvt. Ltd., Hyderabad (iSpace Inc., Enterprise).
Mr. V Venugopal, President of the Chamber, delivered the Welcome Address and introduced the Speaker of the day.
Ms. Ajit’s talk was on “Unfolding Trends in HR Practises and Employee Retention Initiatives”
In her talk, Ms. Ajit spoke about Smart Data and Rebooting HR, how Block chain is used for candidate background checks and the use of gaming designs in order to make the learning more engaging.
Ms. Ajit explained the embedding of HR tools with machine learning to streamline the HR processes and the improving employee experience. She also spoke about a two-way bridge between the scientific research and actual HR practices called the ‘HR Innovation Lab.’
Ms. Ajit explained in detail various employee retention initiatives like offering an attractive compensation package, starting a learning club, creating a conducive work environment, ensuring effective communication between staff, banning emails for a day etc. She also mentioned that conducting regular health check-ups for the employees, creating a social impact by encouraging volunteering, providing recognition and rewards to the employees could help companies to retain their top talents.
Mr. V Venugopal presented a Memento to Ms. Lakshmi Ajit.
Mr. S P Kamath, Executive Committee Member, proposed the Vote of Thanks.
The interactive session concluded by 10 a.m with breakfast.