The Growing Impact of Blockchain on How We Run HR and Talent Processes
Blockchain promises to be indispensable to Human Resources practices like recruitment, payroll, and employee data. Indeed, Blockchain’s appeal is a route for permissioned parties to confirm, validate and authenticate the exchange of data through its distributed ledger. Blockchain encrypts data and validates transactions through consensus, distributing an unchanging copy of exchanges to each entity that has a copy of the ledger. This builds higher levels of shared trust between parties and removes the need for third-party verification.
In HRchat episode 249, we look at ways Blockchain can help HR departments and leaders in the decade ahead. My guest this time is Elizebeth Varghese, People & Tech Strategist and Global Leader – Talent & HR Strategy Reinvention at IBM.
Elizebeth and her team deploy IBM’s best thinking, along with AI, blockchain, robotics, and other leading technologies to create powerful employee and HR experiences. Recognized as a Key Global Influencer in Strategy and Analytics, based on impact on the profession and community, Elizebeth has been listed as a Top 100 Influencer in the industry.
Listen to this interview to get Elizebeth’s expert opinions on these issues:
- How is Blockchain going to impact the world of work and HR in the 2020s?
- Transparency in Recruitment: How can hiring managers use blockchain to ensure that every employee experience can be captured and preserved for anyone who chooses to view it, delivering the ultimate resume with every aspect of an individual’s experience accounted for?
- How are major companies and organizations experimenting and building out blockchain for talent development efforts?
- Lowering Contingent Labor Costs: Increasing numbers of companies are turning to contingent labor to perform tasks like procurement services. Whether these companies work with suppliers to fill these roles or do the hiring themselves, how can blockchain streamline contingent labor processes?
- How can Blockchain increase opportunities in the global staffing market while potentially eliminating technical service invoices and invoice reconciliation tasks?
- Simplifying Payroll: How can blockchain simplify payroll; making it easier to send money and meet compliance requirements?
- How can blockchain automate routine data processes like calculating Value Added Tax rates, while enhancing fraud prevention and cybersecurity?
- How will Blockchain continue to turn HR processes and HR tech into a company’s competitive advantage?
About Elizebeth Varghese
Elizebeth is recognized as a Global Top 100 HR Influencer. She is IBM’s Global leader for Talent & HR Reinvention Strategy client services. She is also the market leader for five high priority, businesses at IBM North America, and a member of IBM’s Working Team on Good Technology.
Elizebeth is on the Council of Advisors at the SETI Institute where she works to champion research and education in Space Exploration, Astrophysics, and Astrobiology. She is also a Finance Committee and Board member at SAYA, a non-profit providing after-school programming, education, and college support.
Elizebeth’s work at the intersection of People and Technology reminds her to center humanity at the heart of all endeavors. Elizebeth brings creativity, and a thoughtful, collaborative approach to uncover the best thinking and deploys artificial intelligence, blockchain, robotics, and leading technology to create powerful business, employee and HR experiences.
Currently located in New York, she has lived and worked around the world, and brings extensive experience in executing business strategy through human capital initiatives. She has over twenty years of consulting experience in HR optimization, talent management, and organization effectiveness. Elizebeth facilitates the development of HR strategy and operating models and helps companies determine their HR service delivery approach to support a global workforce by selecting the best mix of HR talent, technology and outsourced solutions. She helps develop HR and workforce analytics, leads investment analysis for the HR function, business case for sourcing options and facilitates HR process redesign and organization restructuring.
Elizebeth enables organizations to navigate through changes in global business conditions, by leveraging their talent pool. She helps companies optimize their shared services and off-shore hubs by developing talent management strategies, and supports global transactions by helping integrate or carve-out organization structures and HR operations across the footprint. She also coaches Boards and business leaders to enhance effectiveness and manage their teams.
Elizebeth has MBAs from both, the Columbia Business School, New York and the London Business School, UK. She also has a Masters in Management from the Tata Institute of Social Sciences, and a Bachelors in Pharmaceutical Sciences from the University of Mumbai, India.