Close Menu
    Facebook X (Twitter) Instagram
    • Our Story
    • Partner with us
    • Reach Us
    • Career
    Subscribe Newsletter
    HR KathaHR Katha
    • Exclusive
      • Exclusive Features
      • Research
      • Point Of View
      • Case In Point
      • Dialogue
      • Movement
      • Profile
      • Beyond Work
      • Rising Star
      • By Invitation
    • News
      • Global HR News
      • Compensation & Benefits
      • Diversity
      • Events
      • Gen Y
      • Hiring & Firing
      • HR & Labour Laws
      • Learning & Development
      • Merger & Acquisition
      • Performance Management & Productivity
      • Talent Management
      • Tools & Technology
      • Work-Life Balance
    • Special
      • Cover Story
      • Editorial
      • HR Forecast 2024
      • HR Forecast 2023
      • HR Forecast 2022
      • HR Forecast 2021
      • HR Forecast 2020
      • HR Forecast 2019
      • New Age Learning
      • Coaching and Training
      • Learn-Engage-Transform
    • Magazine
    • Reports
      • Whitepaper
        • HR Forecast 2024 e-mag
        • Future-proofing Manufacturing Through Digital Transformation
        • Employee Healthcare & Wellness Benefits: A Guide for Indian MSMEs
        • Build a Future Ready Organisation For The Road Ahead
        • Employee Experience Strategy
        • HRKatha 2019 Forecast
        • Decoding and Driving Employee Engagement
        • One Platform, Infinite Possibilities
      • Survey Reports
        • Happiness at Work
        • Upskilling for Jobs of the Future
        • The Labour Code 2020
    • Conferences
      • Rising Star Leadership Awards
      • HRKatha Futurecast
      • Automation.NXT
      • The Great HR Debate
    • HR Jobs
    WhatsApp LinkedIn X (Twitter) Facebook Instagram
    HR KathaHR Katha
    Home»Special»HR Forecast 2023»“HR focus will dwell upon operating at lower costs and raising productivity,” Ramesh Mitragotri
    HR Forecast 2023

    “HR focus will dwell upon operating at lower costs and raising productivity,” Ramesh Mitragotri

    HRK News BureauBy HRK News BureauMarch 23, 20233 Mins Read19314 Views
    Share LinkedIn Twitter Facebook
    Share
    LinkedIn Twitter Facebook

    2022 was a volatile year for HR & workforce

    The year for many businesses did not look bright as had been envisaged in the previous year while we were coming out of the Covid pandemic. Global developments impacted economies moving into a period of uncertainty. It was caution and pessimism that drove some businesses to take drastic calls.

    2023: Will it be a turmoil again or peace?

    There are global issues like high inflation, low growth, recession, disrupted supply chain and geo-political issues that will continue to cloud the business environment through 2023. Businesses could face issues like lower demand, higher cost of input and distribution, and selective funding getting them to look at tough ways of operating to remain viable. For companies facing such headwinds, HR focus will dwell upon operating at lower costs and raising productivity. India, though not completely insulated from global events and trends, looks better on the economic front as compared to the developed countries, especially Europe, in terms of its growth. For companies in India the focus will be to build markets, improve quality and efficiency to world standards, and focus on ESG.

    Employee loyalty, a thing of the distant past

    We should stop measuring employee loyalty in the conventional sense. Employees do not look for stability and security any longer. Great Resignation has given us a glimpse that the sheen of conventional work design, workplace, hierarchical organisations, and reward systems no longer look attractive to employees. Now it is their well-being that has come to the fore.

    Hybrid working is not just about working from the office or home but flexibility available to employees is the key

    Redesign the workplace for hybrid workforce

    Yes, workplaces and work will need to be reviewed in the current context and redesigned. Hybrid working is not just about working from the office or home but flexibility available to employees is the key. Focus needs to be on how we can get employees to design the working norms in small operating teams so that they perform to their best potential? This will mean that organisations and leaders will look at very different paradigms than they have been used to.

    More specialists or generalists

    Companies will always need a blend of both. With the emergence of more specialisations and expertise, the pool of specialists is growing. Organisations in a steady state of operation will continue to need generalists and the knowledge expertise of the pool of specialists. Businesses that are changing (growth, turnaround, acquisitions, new products, technology, new geography, digitalisation, etc.) will need specialists for the change journey. India is showing cautious growth and also newer businesses, so there could be an opportunity for both generalists and specialists.

    33 leaders predict the upcoming trends for 2023. To find out more click here.

    2023 predictions Aditya Birla Group HR Forecast HR Forecast 2023 HR in 2023 HR predictions Ramesh Mitragotri UltraTech Cement
    Share. LinkedIn Twitter Facebook
    HRK News Bureau

    Leave A Reply Cancel Reply

    six + 5 =

    Related Posts

    Redefining recognition: Why the future of HR leadership lies with rising stars

    June 12, 2025

    Venkatesh Raja is group CHRO-designate, Samunnati

    April 21, 2025

    Rs 4.5 lakh for 2 months avg. stipend of top 10% of TISS Mumbai’s HRM & LR batch 2024-26

    March 7, 2025

    Adit Ahuja is now joint president-HR, UltraTech Cement

    February 12, 2025

    QUICK HR INSIGHTS

    EDITOR'S PICKS

    The truth about lies: Why résumé fraud has become an epidemic

    June 13, 2025

    Redefining recognition: Why the future of HR leadership lies with rising stars

    June 12, 2025

    Social media is showing Indian workers what they’re missing—and they want change

    June 11, 2025

    When employees leave without notice, who bears the moral burden?

    June 10, 2025
    Latest Post

    L’Oréal expands employee share-ownership plan to boost engagement

    News June 13, 2025

    L’Oréal Groupe has announced the launch of its fifth global employee share ownership plan. This…

    From scrap to sustainability: GRP’s transformation story

    Quick HR Insights June 13, 2025

    In this powerful excerpt, Sanjeeb Lahiri, Chief Human Resources Officer at GRP Ltd, shares how…

    Coal India introduces new uniform dress code for employees starting July

    News June 13, 2025

    Coal India (CIL) is rolling out a new uniform dress code for its employees from…

    NDMC rolls out major employee-welfare measures

    News June 13, 2025

    In a bid to ensure employee welfare, the New Delhi Municipal Council (NDMC) has approved…

    Asia's No.1 HR Platform

    Facebook X (Twitter) Instagram LinkedIn WhatsApp Bluesky
    • Our Story
    • Partner with us
    • Career
    • Reach Us
    • Exclusive Features
    • Cover Story
    • Editorial
    • Dive into the Future of Work: Download HRForecast 2024 Now!
    © 2025 HRKatha.com
    • Disclaimer
    • Refunds & Cancellation Policy
    • Terms of Service

    Type above and press Enter to search. Press Esc to cancel.