Makati City, Philippines; July 26, 2019—With the rapid changes in today’s digital
world—from globalization and organizational adjustments to a younger workforce
clamoring for remote and mobile job opportunities—human resources must have to
adapt swiftly, says leading solutions integrator Genie Technologies, Inc. (GenieTech).
GenieTech Chief Operating Officer Mahesh Gopinath said that the most valuable asset
every country has today is their labor force, especially that business organizations are
now dealing with a millennial workforce.
In the Philippines, the labor force participation rate (LFPR) among 15 years old and over
is at 60.2 percent, translating to over 72.5 million Filipinos, as revealed by the latest
Labor Force Survey.
“To ensure that this dynamic, millennial workforce is seamlessly integrated into the
operations of the organization, it is crucial for businesses to have the right tools,” added
Gopinath.
As part of its commitment to helping local HR departments gain valuable insights on this
matter, GenieTech is currently holding a series of symposiums on Human Capital
Management (HCM) this year. Recently, the company gathered HR practitioners and
decision-makers in an event, dubbed as “The Future of HR and Payroll with AI and ML,”
at the Grand Hyatt in BGC, Taguig City.
With the aim of providing new concepts and tech tools that currently emerge in the
world of HR, the said event featured GenieTech partners, such as global HR and payroll
solutions provider Ramco Systems, as well as a global company SumTotal, which
provide strategic modules around talent acquisition, Talent Management, and Learning
Management System.
According to Sophy Malik and Anze Sporavec of SumTotal, this emerging need for local
businesses to take advantage of new technologies should be included in their digital
transformation strategies.
“There is no denying that most organizations in the ASEAN region are now engaged
actively in digital transformation. What these organizations should consider, however, is
how they can future-proof their business for growth and scale,” said Malik.
Ramco Systems Director for Global Marketing and Partnerships Prakash Ramnath
could not agree more. He said that “the millennials are an emerging, partly-generational,
partly-cultural workforce and, most of them are more comfortable using mobile apps
rather than SOP systems. For organizations, that means a huge generational shift.
Thus, it is important that HR and payroll are also transformed by emerging
technologies.”
Ramnath also noted that cutting-edge technologies, such as artificial intelligence,
machine learning, bots – also called ‘chatbots,’ facial recognition, and voice recognition
are now being used in HR not just to streamline processes but also, to provide a better
experience to employees.
He added that for a fun and effective way of employee learning and development
nowadays, gamification is also incorporated in HR Systems. These enhanced
capabilities include leaderboards, badges, points and other elements all of which allow
users to get their name on highly desirable ‘the table/list’ and, see how they rate against
their peers.
Aside from the symposium on HCM, GenieTech also conducts a series of events
around various technologies. To learn more about GenieTech and its upcoming events,
visit its website at www.gti.com.ph.
