'HR Enclave' at Karunya University
Indian companies have started talking about human capital and investing in human resources (HR), K.Prabhakar, vice-president, Corporate HR, Apollo Group of Hospitals, said here on Friday.Inaugurating a two-day ‘HR Enclave’ at Karunya University, he said turnover was not the only determining factor of a company’s success. Its internal processes, for which good HR played a major role, were also important.India was blessed with rich human resources. “Technology is always available. But, we need to make use of our strength that lies in human resources,” he said. India was going to become a superpower solely because of the power of its human resource, he said. Education, IT and health care sectors were the chief drivers of growth.Companies these days were concentrating on good HR practices. HR was no longer merely an administrative function in an office, he said. HR professionals spoke a thing or two about the company.
They had become brand ambassadors of the company. The HR executive was also seen as a strategic partner by the management. HR professionals should be “change managers” and “employee champions,” Mr.Prabhakar observed.With the Indian economy growing at a phenomenal rate, the purchasing power of people had doubled. He quoted a report saying that by 2025, India was going to be the fifth largest consumer base in the world. China and India were growing rapidly as consumer bases.
The key sectors of growth in India were agriculture, industry, manufacturing and service. The services sector was booming in particular with healthcare, hospitality, Information Technology Enabled Services and communication industries alive with activity.The Pro-Chancellor of the university, Paul Dhinakaran, released a souvenir and stressed the importance of people management in the successful running of any enterprise.
