A new study from leading specialist recruitment firm Michael Page tracks the changing and challenging role of HR globally. The standout finding is that the HR function continues to undergo a radical shift. From being regarded mainly as an administrative function few years ago, HR is becoming a strategic partner, aligned ever more closely with the business and focused on recruiting, developing and managing talent, which is the key to organisational success.
More than three-quarters (76 per cent) of senior HR leaders in India directly report to the highest levels of management (CEO or CFO or Chairman), while the global average stands at 63 per cent. With 12 per cent Indian organisations listing diversity and inclusion as a priority (only 4 per cent globally), the survey notes that the Indian HR ecosystem has progressed from using diversity as a mere buzzword to factoring it in as a pre-requisite to overall business success.