A majority of HR professionals gathered at the third edition of JobBuzz Compensation & Benefits Conclave 2019 acknowledged that Artificial Intelligence (AI) is the next big thing in leveraging the true potential of organisational benefits for employees.
‘’With AI already guiding the role and scope of most job functions, this conclusion by the HR experts is an indication that new-age technologies are now influencing corporate decision making as well,’’ said the release by JobBuzz.
JobBuzz annually organises JobBuzz Compensation & Benefits Conclave bringing together HR heads, Compensation & Benefits leaders from India to brainstorm on trends, challenges and solutions in the recruitment segment.
The daylong event which was held in the city of Mumbai was inaugurated by veteran advertisement professional, Prahlad Kakar whose keynote on ‘Money doesn’t buy loyalty’ set the tone for the Conclave.
The event witnessed the presence of HR leaders from India’s top companies such as Adani Electricity, RBL Bank, Equifax, ISS Facility Services, Schneider Electric, Kotak Mahindra Bank Ltd, Verizon India, DHL, Siemens, Marsh India, Infogain, Crompton, EXL, Cipla, ICICI Bank, Allsec Technologies, KPMG, Kurl-On, General Motors, Cybage Software and Tradebulls Securities Pvt. Ltd .
The event also observed a master class by OC Tanner on ‘Engaging a multi-generational workforce through Recognition and Rewards’ while HDFC bank presented a study on ‘Digital excellence in banking’ and ALD Automotive shared its thoughts on ‘ALD automotive novated lease’.
Sharing his insights on the occasion, Sanjay Goyal, VP at Times Internet Ltd and Head of Product and Technology – TimesJobs & JobBuzz said, “The idea behind organising JobBuzz Compensation & Benefits Conclave is to bring together India’s brightest minds and rake a thoughtful debate on the trends impacting this space. Most debates here noted that advanced technologies now guide the HR managers. I feel that AI-based systems will be able to take the best decisions when they can capture relevant data points. Also, these systems should be able to pick up information on the relevance and usefulness of the customised Compensation & Benefits plans offered to the employees.’’