Workforce Future

Workforce Future

The work place in 2020 and beyond 

After COVID-19

The year 2020 met us with the COVID-19 pandemic. This is one pandemic that has gone past a mere health challenge. Its effect can be felt in every level of the society. Businesses have been immobilised, travel and tourism have been affected, and the economy of most countries is slowly but steadily slipping into recession. And if there’s anything that’s never going to remain the same again after the war against the pandemic has been fought and won, it is the future of the workplace. 

Experts are already making predictions and warning the market decision-makers to prepare for forthcoming changes because it is becoming obvious that post-COVID-19 era holds a lot of obscurity for the workplace. Are these changes negative or for the better? It remains to be seen. In all, a new normal has been created. As a result of this, it is only organizations that are better equipped to transform themselves digitally, form strategic collaborations, and integrate innovative solutions to their work models that are going to emerge stronger. 


Challenge
#1:

Remote Working

COVID-19 has forced teams all over the world to work from home. Remote working is the new normal and this is not changing anytime soon. Within this crisis period, a lot of companies have witnessed full digital transformations, supported by a virtual workforce and there’s no going back. So, we are only going to see a rise in the need for more remote workers in the coming months. 

This period that most of their personnel worked from home, a lot of companies churned out positive growth figures. There were reports of increased productivity, and sales figures were jacked up. For these companies, it was as if nothing changed. Something changed actually. Output was increased and profits were recorded. Organizations have now realized just how effective their workforce can be while working remotely.

Therefore, post COVID-19, reporting early for work and being the last person to leave the office will no longer be used as a measure for positive appraisal. Now, personnel will only be measured by their output level. Therefore Organizations should put performance management under the microscope.

Challenge #2: Best Talent Attraction

Attracting and Recruiting the best talents for your organization is always a major task for Human resources function. It can be hard to find the perfect candidate or the cultural fit you are looking for. Can be also expensive and time-consuming finding the right people. And when you do, retaining them becomes another challenge. To be able to attract the best talents, you must be able to provide a competitive EVP strategy combining it with Experience and Technology solutions. 

To set up a workplace where collaboration is the keyword – where working on-the-go and remotely is the new norm, then you need to build a workplace that harnesses digital technology and all that comes with it. The world today is inundated with cloud-based solutions, social technologies and mobile friendly platforms. If your organization is not keying into this trend, prospective talents will look for opportunities to your competitors.  

Attracting the best talents also means putting together attractive packages which includes remote work options. The work-life balance is beginning to get a lot more emphasis and the traditional 9-5 working hour model will soon eclipse. Therefore, offering flexible working arrangement will help your organization attract and retain its best talents. 

Attracting the best talent is also about enabling the right connections, communicate effectively and openly as well as having the right Culture for these talents to collaborate, grow their skills and develop the desired career path. 

Challenge #3: UpSkilling Staff

ReThinking Learning and Development

Upskilling your existing staff presents a prime opportunity to improve the knowledge base of your workforce.  Traditional Skillsets are no longer relevant in many industries and the world have just seen the beginning of this workplace transition. Skill gap to respond to the market and shift of industries needs is becoming crucial challenge.  This may be costing  organizations opportunities, as there may be not enough capability into teams to carry out projects that require more complex and agile competences.  

Investing in Continuous Learning, On the Job training and by creating a Coaching culture, is organizations call of action to achieve improved employee performance, improved satisfaction and morale. By adding value to employees organizations liquidate stakeholders and customer satisfaction, they promote and encourage innovation  increasing efficiency and  productivity.

Human Capital will determine  the future of the workplace since humans will be driving the digital transformation globally and will be the key decision Makers. 

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Organisations are actively creating new positions to facilitate digitalisation efforts within the finance function over the next 12 months, reveals Robert Half’s report Digital transformation and …

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Editor’s Pick

The work place in 2020 and beyond 

After COVID-19

The year 2020 met us with the COVID-19 pandemic. This is one pandemic that has gone past a mere health challenge. Its effect can be felt in every level of the society. Businesses have been immobilised, travel and tourism have been affected, and the economy of most countries is slowly but steadily slipping into recession. And if there’s anything that’s never going to remain the same again after the war against the pandemic has been fought and won, it is the future of the workplace. 

Experts are already making predictions and warning the market decision-makers to prepare for forthcoming changes because it is becoming obvious that post-COVID-19 era holds a lot of obscurity for the workplace. Are these changes negative or for the better? It remains to be seen. In all, a new normal has been created. As a result of this, it is only organizations that are better equipped to transform themselves digitally, form strategic collaborations, and integrate innovative solutions to their work models that are going to emerge stronger. 


Challenge
#1:

Remote Working

COVID-19 has forced teams all over the world to work from home. Remote working is the new normal and this is not changing anytime soon. Within this crisis period, a lot of companies have witnessed full digital transformations, supported by a virtual workforce and there’s no going back. So, we are only going to see a rise in the need for more remote workers in the coming months. 

This period that most of their personnel worked from home, a lot of companies churned out positive growth figures. There were reports of increased productivity, and sales figures were jacked up. For these companies, it was as if nothing changed. Something changed actually. Output was increased and profits were recorded. Organizations have now realized just how effective their workforce can be while working remotely.

Therefore, post COVID-19, reporting early for work and being the last person to leave the office will no longer be used as a measure for positive appraisal. Now, personnel will only be measured by their output level. Therefore Organizations should put performance management under the microscope.

Challenge #2: Best Talent Attraction

Attracting and Recruiting the best talents for your organization is always a major task for Human resources function. It can be hard to find the perfect candidate or the cultural fit you are looking for. Can be also expensive and time-consuming finding the right people. And when you do, retaining them becomes another challenge. To be able to attract the best talents, you must be able to provide a competitive EVP strategy combining it with Experience and Technology solutions. 

To set up a workplace where collaboration is the keyword – where working on-the-go and remotely is the new norm, then you need to build a workplace that harnesses digital technology and all that comes with it. The world today is inundated with cloud-based solutions, social technologies and mobile friendly platforms. If your organization is not keying into this trend, prospective talents will look for opportunities to your competitors.  

Attracting the best talents also means putting together attractive packages which includes remote work options. The work-life balance is beginning to get a lot more emphasis and the traditional 9-5 working hour model will soon eclipse. Therefore, offering flexible working arrangement will help your organization attract and retain its best talents. 

Attracting the best talent is also about enabling the right connections, communicate effectively and openly as well as having the right Culture for these talents to collaborate, grow their skills and develop the desired career path. 

Challenge #3: UpSkilling Staff

ReThinking Learning and Development

Upskilling your existing staff presents a prime opportunity to improve the knowledge base of your workforce.  Traditional Skillsets are no longer relevant in many industries and the world have just seen the beginning of this workplace transition. Skill gap to respond to the market and shift of industries needs is becoming crucial challenge.  This may be costing  organizations opportunities, as there may be not enough capability into teams to carry out projects that require more complex and agile competences.  

Investing in Continuous Learning, On the Job training and by creating a Coaching culture, is organizations call of action to achieve improved employee performance, improved satisfaction and morale. By adding value to employees organizations liquidate stakeholders and customer satisfaction, they promote and encourage innovation  increasing efficiency and  productivity.

Human Capital will determine  the future of the workplace since humans will be driving the digital transformation globally and will be the key decision Makers. 

Under the Microscope

Engage Me or Enrage Me: Gamification will run the world

During the last decade we all got Netflix-ed. Now we will get gamified. Don’t think ‘only’ games. Think the gamification of our whole lifeworld. Netflix …

Read More →

The Pandemic Won’t Be Over Anytime Soon, Here’s a Financial Checklist

It’s been eight months since countries all around the world started to impose lockdown to curb the spread of the novel coronavirus. So many things …

Read More →

Finance and HR is shaping digital disruption

New Oracle and MIT Technology Review study reveals the human drivers of cloud automation as the roles of finance, HR, and IT evolve to meet …

Read More →

Eight in ten businesses recruit for digital transformation

Organisations are actively creating new positions to facilitate digitalisation efforts within the finance function over the next 12 months, reveals Robert Half’s report Digital transformation and …

Read More →

Why Corporate Social Responsibility (CSR) Is Still Important

“The role of CSR is not about writing checks or putting together fun volunteering events; but integrating purpose into the core business and leveraging the …

Read More →

Hybrid human/AI workforce – is your company ready?

  Business leaders say learning and L&D digitisation is key to successful transition to hybrid ‘human-AI’ workforce; but research reveals current frustrations with digital performance in L&D …

Read More →

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