SHRM PSE Trends Report 2024

 

SHRM India Hosts PSE Leadership Forum 2024 and Sets Industry Benchmark

for #PeopleSuccess

~Unveils Flagship SHRM PSE Trends 2024 Research Report with Keynote address by D.

Shivakumar and TED Style Talk by M. Damodaran~

New Delhi, India - April 23rd 2024 – The Society for Human Resource Management

(SHRM) India successfully concluded its inaugural PSE Leadership Forum yesterday,

bringing together distinguished HR leaders and professionals across Public Sector

Undertakings (PSUs). The forum was a vibrant hub for discussing strategies, best practices,

and innovations in people leadership within the PSU sector.

The forum was attended by senior leaders across sectors with noteworthy representation

from Maharatnas, Navratnas, state and central PSE organizations like GAIL, SAIL, ONGC,

IFFCO, Oil India, BHEL, RVNL, PFC,NBCC, Grid India, EIL, and others.

The event featured a keynote address by Shri D. Shivakumar, Operating Partner at

Advent International Private Equity and a former CEO at Pepsico and Nokia India. There

was also a thought-provoking TED Style Talk by Shri M Damodaran, Indian Corporate

Advisor, Mentor, and Former Chairman, SEBI. Both addresses shed light on the evolving

landscape of leadership and innovation within PSUs.

In conjunction with the forum, SHRM India PSE Team unveiled its flagship survey research

report, "SHRM PSE Trends 2024 – People Success. This comprehensive report delved into

seven critical themes crucial for the future of PSUs: Developing Leaders for Tomorrow,

Women Leadership, Community Impact, Health & Wellness, Learning & Development,

Technology at Work, and Employee Benefits.

Achal Khanna, CEO of SHRM India, APAC & MENA, commented on the forum's success,

"This forum has set a new benchmark for discourse and development within India's public

sector. By bringing together the brightest minds in the industry, we have fostered a dynamic

exchange of ideas that will undoubtedly propel our sector forward. We are particularly proud

of the insights shared in our ' SHRM PSE Trends 2024' report, which highlights a strong

commitment to training and development with more than 87% of PSU participants confirming

investment in these areas."

Ashissh Kaul, Director, Knowledge & Advisory and Business Head, PSE at SHRM India,

added, "The ' SHRM PSE Trends 2024' ' report has identified key areas for growth, including

the need for enhanced learning methodologies and better support for gender diversity and

technological adaptation.

Our findings show that most participants express positivity, indicating a strong commitment

to employee growth and skill enhancement. Overall, most participants felt that their

organisation invests enough on L&D with 87% giving a positive response. However, when

we sliced the data by levels, only 60% of participants across E2-E3 levels believed that their

managers

are well-equipped to coach & mentor the young workforce. This number further falls to 40%

when we asked the same question to participants at E4-E5 level. Additionally, the report

highlights a gap in technology training, with 56% of participants indicating a lack of

investment in understanding the impact of generative AI and new technologies."

One of the other highlights from the report that was highlighted was while as 90% of

the men tend to believe that their organisation has created a supportive ecosystem for

women to succeed, contrastingly only 73% of women felt the same. Further the report also

highlighted the fact while as 84 % of men believed that their organization was making

investment in the advancement of women empowerment, only 77% of women agree to the

same.

"The PSE Leadership Forum is not just an event but a catalyst for sustained growth and

innovation across public sectors. We are committed to continuing this journey, fostering a

culture of knowledge sharing and collaborative development," concluded Khanna.

The forum was held at the Taj Palace, New Delhi, accommodating a large gathering of 100+

attendees and speakers