Indian Institute of Management Bodh Gaya

Indian Institute of Management, Bodh Gaya proudly presents ‘Gyanodaya 2018 – The HR conclave’. Gyanodaya provides a platform where corporate leaders can share their valuable thoughts with future ambassadors of corporate culture. The theme for the conclave was “Changing HR trends in the modern world”. The conclave witnessed the presence of distinguished speakers from nuanced spheres of the corporate world. The event was attended by the students with a lot of enthusiasm and passion.

Dr Vinita Sahay started the conclave by addressing the student body and all the dignitaries present. Dr Vinita Sahay talked about IIM Bodhgaya has to try harder than the rest as it is a new member of the IIM society.

After the speech of the director the first keynote speaker, Mr Manoj Prasad took the stage. He quoted Alvin Toffler “The illiterate of the 21st century will not be those who cannot read and write, but those who cannot learn, unlearn and relearn” and said that this emphasised the disruption going around us through blockchain, IOT, artificial intelligence and deep learning. He said that as millennial joined the workforce they want to pursue meaningful work in the organisation. He concluded by saying “Some people change when they see heat, some change when they see light”.

Our next keynote speaker Mr Sumit Sabharwal, gave his insight on the topic. The diversity of the workforce is also an important factor as having a diverse workforce improve the culture of the organisation and increases profitability by 50%. He talked about the phrases like man hours and man month should be removed from the organisation. He then moved on to digital HR how chatbot is aiding the HRM, through the bot employee can pick a smiley from happy to sad about how he is feeling in that day.

The panel discussion threw light on the various aspects of People Analytics. On one had it was a great addition to an organisation on the other the ethical aspect of seeing humans as a number was raised. During the discussion, students learnt about the trends and innovation which are disrupting the industry.

The keynote speaker for the second day was Mr Parthasarathi Mishra. He started his speech by saying that in Tata Steel they do not use ‘man’ and ‘woman’ while addressing the employees, instead they use ‘person’. He said that the pinch of HR is missing from HR these days, we may talk about analytic and artificial intelligence but it is the human interaction which runs the business. He concluded by saying that the first and most important thing for an HR is the belief that if someone believes in themselves then they can do it.

The session moved on to the panel discussion which was on the topic “How to manage the contingent workforce”, with HRM present from different industries. In retail sector manpower cost impacts, the profitability having a contingent workforce helps companies like Domino’s to deal with the customer during the peak hours of 7 pm. The advantage of the contingent workforce is the availability of manpower, enhancement of productivity and availability of the talent pool. The downside of the contingent workforce is the attrition rate which are in double digits. The discussion ended with a conclusion that the contingent workforce is required at the lower end of the pyramid where most of the work does not require a high level of skillset.

The Gyanodaya concluded with an interactive Q&A session, where the students actively participated by asking relevant questions and hence fulfilling their curiosity. Overall, it was an enlightening experience for the entire IIM Bodh Gaya fraternity.

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• Panel 1-People Analytics: Are employees satisfied?

• Panel 2-How to manage growing contingent workforce?