IMI HR Summit 2009: HR's response to business challenges | business | Hindustan Times
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IMI HR Summit 2009: HR's response to business challenges

business Updated: Aug 20, 2009 20:01 IST

IMI HR Summit 2009, aims at highlighting the views and perspectives of thought leaders from the world of theory and practice, including CEOs, on the 'Need for HR Code of Conduct' in the epoch of uncertainty. With recent global meltdown and economic slowdown leading to the weakening of labour markets there have been numerous job cuts and most companies have frozen recruitment, pay and benefits. HR is often questioned as to whether investing in human capital in the current scenario makes business sense. The two-day summit is meant to look for answers to questions like that.

The summit would have panel discussion on themes like "Business downturn and HR challenges", "Managing redundancy without tears", "Ethical dilemmas in HR" on August 21, 2009. The discussion would include talks about the challenges faced by organizations in managing human capital as economic downturn takes its toll on businesses in India. The economic downturn has also opened up opportunities for companies, as with the decrease in the attrition rate of employees, companies can now have the crucial talent they need. Many businesses are repositioning and reallocating human resources through rightsizing. There would also be discussions about ethical dilemmas HR managers have to deal with including favouritism in employment decisions, inconsistency in pay and discipline, sexual harassment, sex and race discrimination, and breaches of confidentiality.

The second day of the summit on August 22, 2009 would have the panel discussing "The expanding role of a professional manager", "Managing redundancy without tears" and "Ethical dilemmas in HR". These would include talks about the key issues related to the enhancement of corporate performance through the supervision and monitoring of management performance and ensuring accountability of management to all shareholders and stakeholders, how to keep employees engaged and what does it takes (on a continual basis) to engage them when employers across sectors are cutting back on recruitment expenditure, people-related costs such as benefits and perks, business travel and entertainment expenses. The final discussion will be about an ethical code of conduct for the HR managers themselves. A prize distribution ceremony will follow the concluding session.