15 Megatrends shaping the World of Work- Part 2

Continued from my previous blog post (http://blogs.nasscom.in/15-megatrends-shaping-the-world-of-work-part-1/)  , here are the next 5 megatrends shaping the way of work-

Trend 6: Culture and aptitude fit will win over skills

“Culture will eat strategy for breakfast!” – Peter Drucker

Employees whose aptitude, work habits, and values closely align with those of their employers will naturally deliver better results. Hiring managers recognize this and place a greater emphasis on finding and attracting such talent to drive organizational performance. Defining your own culture, bringing hiring managers into alignment, emphasizing cultural fit assessment and using advanced analytics to refine assessments are essential steps that need to be taken to ensure employee- organization cultural fit.

Trend 7: The human cloud and taming big data

A significant driver of change in the world of work today is the near-daily evolution of technology. Data on the cloud ensures anytime accessibility, which in turn empowers teams to share, collaborate, grow their knowledge and execute with speed. As a result of improved integration and greater visibility, employers are better able to align their workforce and organize teams by customers or by products. Successful companies have leveraged the power of cloud and big data to remove silos and enable cross functional collaboration, implement flexible modes of work and business process efficiency, transcend geographic and time based barriers, and advanced overall employee and customer engagement.

Trend 8: Talent engagement goes social & mobile

Technology today connects job seekers anywhere anytime making life more easy and flexible. Mobile technology has changed the way we communicate and the biggest advantage job seekers have these days is speed and connectivity. While a growing number of job portals are optimized for mobile devices, corporate career sites seem to be lagging behind. Social media is also a valuable tool and sites such as LinkedIn allow head-hunters to locate suitable candidates and help jobseekers connect with their network. Best in class companies have identified mobile users, beefed up organizational branding and messaging in social channels, and optimized website navigation for mobile users.

Trend 9: Business-aligned HR

Understanding the impact of globalization on human resources can help business leaders better equip their organizations for the increasingly global business environment. Today, we see businesses developing global and regional HR and talent acquisition functions. At the same time, to compete successfully in diverse markets, companies should continue to recruit, train, and manage talent locally to reflect culture, workforce markets, and the needs of local operations. Creating global standards, platforms, and service centers only addresses part of the challenge. High-performing companies are building an integrated global-to-local HR model, which brings agility to individual business units while at the same time accelerating global growth. The ultimate goal is to combine this agility with scale to optimize talent management in all markets.

Trend 10: Talent analytics and predictive workforce intelligence

Organizations large and small, private and public can leverage vast amounts of data that can help them predict, find, engage and keep the most talented employees. A study from a consulting firm indicated that most HR teams understand the potential value of intelligence, but they continue to only look at generic and basic operational and transactional measurements. Best in class companies use predictive tools and generate insights that positively affect organization success. Focus areas include workforce planning, skill gap analysis, identifying high potential employees, development needs, performance linked compensation and improving alignment of people and company strategy.

15 megatrends

 

Stay tuned for part 3 of the series!

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