A senior executive looks upon the world out his office window, it stands transformed beyond recognition. Concrete giving way to glass and steel and fibre.
The architect’s brushes and strokes wielded with greater nonchalance and a brazen daring.
The corporate world is no longer that: a World its an ever-morphing Organism.
Its moods are its new trends and its whims its new rules. And tomorrow is more uncertain than ever before.
A snapshot of our lives.
“What got you here won’t get you there” has never been more relevant.
The rules that decades of experience and heartache helped us garner must be discarded without an afterthought. They are just not relevant, An algorithm now does it in a heartbeat.
Some data:
6.2 million unfilled jobs. Companies can’t find right workers, at the right time
45% of small businesses were unable to find quality, qualified candidates
60% of all employers have job openings that stay vacant for 12 weeks or
more. This costs them $8,00,000.00 annually
In the current Global Economy, change is rapid and the half-life of a learned
skill is a mere 5 years
Half of all the tasks people are paid to do every day are at risk of being
automated
Studies show that total headcount will decrease from 12% to 50%
What this is telling us that irrespective of industry or domain we are in. It will get transformed or radically altered.
Therefore, in order to succeed or to stay successful, we will have to unlearn and relearn the new defining principles that drive the world around us.
The World we inhabit is a symbiosis of the “real” and the “virtual” and technology is the lodestone that we must follow. Technology creating greater technology asking questions that we did not know to ask, is world defining.
And not doing anything comes at a greater cost with every passing day.
4 out of 10 employees that did not receive adequate skilling relevant to
their jobs, left within a year resulting in a loss of $13.5 million a year
$131 Billion a year wasted on unused workplace training
$52 Billion a year wasted on attrition caused due to inadequate
employee skilling
As Gen Z enters the workplace 65% of the jobs they need to fill, don’t
even exist
Trends show that the culture is now moving towards a highly evolved Up-skilling and Re-skilling.
AT&T, for example, notified 100000 of their employees that their job roles wouldn’t be relevant in a decade. And then created WorkForce 2020 and invested $1 Billion in upskill.
Corporates are being increasingly compelled to reevaluate the value their workforces deliver against the rapidly changing world around them.
Photo by Annie Spratt on Unsplash
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