Experts from Oracle, SAP, MetLife, Zone, Emirates HR, Zurich, New Horizons, BiggLoyalty, and People Fluent were on the stage to discuss industry figures and statistics on the HR transformation in the region. AI, Blockchain, IOT and other latest innovations and technological implementation in HR functions and their key role in HR transformation were highlighted.
Data today is moving from being scare to being available in plenty. Out of the data collected in the last 10 years, 90% of data is generated in the last two years. Commenting on this data explosion and emerging technologies that are impacting HR, Anand Subramanian, Director – Applications Strategy & Innovations Head – ECEMEA, Oracle Corporation focussed on the need for HR to embrace AI and emphasised on employee connectivity and the changing models and mindsets in preparing the workforce for a shift from the physical to the digital world taking into account the dynamics and demographics of the new workforce.
Best practices on Digital HR from CHROs from First Abu Dhabi Bank, Aramex, Batelco, Ministry of Finance, KSA, Ministry of Community Development UAE, Emaar Hospitality, amongst others were shared.
Millennials are the fastest growing generation in the workforce. They represent 45% of the workforce globally and is expected to grow to round 75% by 2025. Growing up with the internet as an everyday part of their lives, they are the first to embrace and take advantage of technology that connects people electronically. With the dynamically shifting paradigms at the workplace, employees are looking for a diverse set of benefits. Andrew Stocker, Head of Employee Benefits, MetLife Gulf, on board as the Employee Experience & Wellbeing Partner, focused on the role of millennials at the workplace and the opportunities that employers can offer. Stocker highlighted the millennial generation as the wellness generation and underlined the importance of health and wellness being a central component of offerings at the workplace contributing heavily to an employee’s overall engagement within the business.
