HR Lessons

Appointment of Urjit Patel has 3 key HR lessons:

A good succession policy

Many organizations do go into frenzy when their top talent leaves. And HR should be able to develop a succession policy or the second rung leaders in order to maintain the superior deliverables. The company should invest in developing employee knowledge, skills, and abilities, and prepare them for advancement or promotion into ever more challenging roles. This ensures that employees are constantly developed to fill each needed role. 

Employee Engagement/relations with continuity

Leadership continuity is the key to a successful organization. When you have the successor following the similar methodologies take the position, it also boosts engagement. Since time is of crucial to any kind of important recruitment like this, a new joinee will take a few breaths before he creates a culture. But since continuity is the key here, employee engagement and relations remain like it were. 

Diverse & Inclusiveness

An inclusive workplace helps us to get newer perspectives of our people, and to leverage their diverse talents to arrive at winning business solutions. All new appointments bring with it new perspectives and newer challenges. 

Sources: https://www.peoplematters.in/blog/leadership/3-key-hr-lessons-from-urjit-patels-appointment-as-rbi-chief