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Major Advancements In New-Age Technologies

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Mr. SJ Raj, Senior Vice President, HR Operations, Newgen Software1.How has space for talent management developed throughout the years? Give understanding into the sort of advancements that the area has grasped throughout the years.
Well, the talent management space has moved eons in a few decades, starting from managing blue collared employees as industrial relations managers to managing millennials, who have changed the workforce completely. From being focused on managing union and trade relations to building HR processes for the management and development of people, to automation of the processes, we have come a long way.

2.With the world seeing fast innovative headways, how has innovation aided talent management? What present-day age advances is the area anticipating?
Without innovation, we could not have moved to current talent management practices. It’s because of constant innovation only that we have moved through digital communication, to social media-based management practices to artificial intelligence (AI) and robotics-based practices. The area is witnessing major advancements in terms of leveraging new-age technologies, including robotic process automation (RPA), artificial
intelligence/ machine learning (AI/ML), social sensing, mobility, and analytics for talent management.

3.As the talent management industry is prospering at a wild pace, what future possibilities do you think the section is standing by?
The way in which the onset of the internet revolutionized how we do things; a similar wave has erupted in this industry. The capabilities of AI/ML, RPA, internet of things (IoT), and blockchain, have made it imperative for talent management professionals to ensure that they have a new breed of technology experts for effective adoption and sustenance of these new-age technologies.

4. How is this market helping in building a progressively intelligent and firm working environment? Additionally, what are the open doors winning in the space right now?
The market, which is now 90% millennial, and Gen Z just about to enter, has a compelling reason to change the way it operates. The talent management practices have evolved with the requirements of the market, making the practices in line with their requirements, leading to firm environments. A lot, however, still needs to be done to make the work environment smoother for the large demands of the current workforce.

5.What job does talent management play in the achievement of an association? How would you figure it can help an organization to drive towards greatness?
Without well-managed talent, assets of an organization indeed, it would be difficult to drive business growth. And, there is no two-way about the role of talent management in the achievement of organizational goals.

6.What procedure should an organization embrace so as to support a worker's presentation while holding the top talent of the organization?
It's not the procedures that lead to loyalty and eventual retention of talent - it is trust, faith, transparency and genuine concern about them that leads to them not only grow themselves professionally but also to stay loyal and ensure the organization’s growth.