NWORX’s Post

Tech.co’s 2024 Impact of Tech on the Workplace report unearthed statistics on productivity in the workplace. Some key findings: 56% of businesses report high productivity levels 72% of respondents who use AI extensively report high organizational productivity 80% of businesses using 7 collaboration tools reported high organizational productivity 46% of business leaders said communication technology will “highly affect” performance in 2024 #productivity

According to numerous research studies, almost half of an employee's lifetime earnings are attributable to the skills they acquire throughout work experience. However, in the rapidly changing world, organizations find that years of work experience no longer carry the same weight as before and can not be used as a sole factor in performance predictions. Structuring human capital with long-term growth potential requires combining experience with disruptive advantages, transformation resilience, and adaptability to constantly changing client needs. What do we expect? Generative AI will continue raising productivity growth and eventually will substitute a significant part of the current labor market. It is also only a harbinger of a larger wildfire of Enterprise Technology solutions entering the HR realm. However, incorporating such technology into existing human capital strategy, customizing, and deploying it optimally will be challenging. Tech will also not be a panacea for other global issues, from increasingly difficult talent retention, flexible work models and a major generational shift in the workforce. Work experience and capability deployment will continue becoming more personalized mirroring other aspects of our lives.  VantagePoint's memo highlights the key trends influencing the human capital landscape in 2024. #humancapital #labormarket #talentmanagement #futureofwork #2024trends #leadership #executivesearch #humanresources #vantagepoint

The Industrial Revolution 5.0 has ushered in a new chapter in the evolution of the industrial sector, marking an era of collaboration between humans and technology. With a focus on the integration between digital advancements and a human-centred approach to work, this era demands continuous adaptation and innovation from the workforce. A Brief History of the Industrial Revolution From mechanization powered by water and steam in Industry 1.0 to the digital era and automation in Industry 4.0, the journey of the industrial revolution has transformed the face of production and labor. Now, Industry 5.0 takes a step further by prioritizing collaboration between artificial intelligence (AI) and the unique capabilities of humans, promising greater customization and efficiency. Challenges and Opportunities in Industry 5.0 In facing Industry 5.0, the workforce is challenged to continually update their skills to remain relevant. Companies are required to provide adequate training, facilitate reskilling, and develop skill enhancement programs. Additionally, with a multi-generational workforce, HR management strategies must be able to adjust to diverse needs and expectations. Building a Resilient Workforce To succeed in the era of Industry 5.0, employees must adopt a mindset that is open to learning and innovation. Collaboration and creativity are key to overcoming challenges and seizing the opportunities that arise. A work culture that supports the exchange of ideas and teamwork will strengthen a company's competitiveness and productivity.The Importance of Soft Skills Amidst the dominance of technology, soft skills such as effective communication, problem-solving abilities, and teamwork are becoming increasingly vital. Developing these soft skills not only enhances individual performance but also strengthens the foundation of an organization's long-term success. Key Competencies for Facing Industry 5.0 To meet the challenges of Industry 5.0, some key competencies that must be mastered include leadership, foreign language skills, IT literacy, and writing skills. Strengthening these competencies will prepare the workforce to face market dynamics and the evolving needs of the industry. Let's get ready to face and seize the opportunities brought by the Industrial Revolution 5.0, ensuring that we not only survive but also thrive in this new era. #IndustrialRevolution5 #NewEraOfIndustry #HumanTechnologyCollaboration #WorkforceAdaptation #FutureSkills #WorkInnovation #SoftSkills #KeyCompetencies #CareerGrowth

𝗪𝗵𝘆 𝗚𝗼𝗹𝗶𝗮𝘁𝗵𝘀 𝗺𝘂𝘀𝘁 𝗯𝗲 𝗽𝗲𝗿𝗲𝗻𝗻𝗶𝗮𝗹𝗹𝘆 𝗮𝗴𝗶𝗹𝗲 𝘁𝗼 𝘁𝗮𝗰𝗸𝗹𝗲 𝘁𝗵𝗲 𝗻𝗲𝘄 𝗗𝗮𝘃𝗶𝗱𝘀 𝗶𝗻 𝘁𝗵𝗲 𝗰𝗼𝗿𝗽𝗼𝗿𝗮𝘁𝗲 𝘄𝗼𝗿𝗹𝗱 Dear Corporates, In today’s fast-paced and ever-evolving business landscape, staying ahead requires more than just keeping up with changes—it demands proactive transformation. The Goliaths must be perennially agile to tackle the new Davids, who will enter anytime, from anywhere. The hyperconnected world has enabled smaller new entrants to outsmart the established big players. Business transformation exercise, which used to be once in a blue moon mega-exercise, will happen frequently and multiple times a year. This is due to the paradigm shifts in business facilitated by tech advancements. The hyperconnected world is not offering any geographical immunity or market immunity due to the constant evolution of deep tech both horizontally and vertically, its growing utility and its constant integration. As leaders, we must recognize that business transformation is no longer a rare, monumental event but a continuous, dynamic process essential for survival and growth. The typical process of organization structuring and designing will undergo a massive shift. Talent will come and exit the organization in various ways. The HR function must get ready with workforce data, skilled resource mapping and manpower forecasting with the push of a button. HR will have to account for Gig, Contractual and Third-party employees and at times take help of the community to meet the ‘staff on demand’ requirements. The HR policies and ERP systems of today are inflexible and oriented towards its on-roll employees. This needs to be revamped completely. The HR budgeting exercise will be impacted by factoring the impact of artificial intelligence and machine learning, on the businesses. There will be constant churn of roles getting redundant because of the technological changes. The balance roles will be getting upgraded. Corporate leaders especially the HR will have to understand the emerging technologies as good as the technocrats and keep on factoring these changes in its workforce plan. The current deep tech revolution is only the tip of the iceberg in terms of technological waves. The upcoming development in areas like Neurology, Biochemistry, Virtual reality will completely change the outlook of workplace management and HR. How are you gearing up to adapt with such changes? #BusinessTransformation #HR #HRInnovation #HRBudgeting #FutureOfWork #Leadership #ArtificialIntelligence #MachineLearning #Technology #DeepTech #CompanyGrowth

#futureofwork24 #gim #strategy #insights Dates: September 18 to 20 2024 The Future of Work Conference & Conclave is a significant event designed to foster dialogue and exchange ideas about the evolving landscape of work. It brings together researchers, industry experts, and thought leaders to explore the various dimensions of the future of work. Key Objectives: Share Research Findings: Researchers will present their latest studies and insights on the future of work, covering topics such as automation, AI, remote work, gig economy, and more. Industry Trends: The conclave will delve into emerging industry trends and their implications for the workforce. Participants will discuss how technological advancements, economic shifts, and societal changes are shaping the future of employment. Thought Leadership: Renowned experts will share their perspectives on the challenges and opportunities presented by the changing nature of work. Their insights will provide valuable guidance for organizations and individuals navigating these transformative times. Expected Outcomes: Knowledge Sharing: The conference will serve as a platform for knowledge exchange and networking among participants. Innovation: By exploring emerging trends and technologies, the conclave will inspire innovative approaches to work and organizational design. Policy Recommendations: The discussions may lead to recommendations for policymakers and businesses on how to adapt to the changing workforce and ensure a sustainable future of work. Overall, the Future of Work Conference & Conclave offers a unique opportunity to gain valuable insights into the future of work and contribute to shaping its trajectory.

Unleashing Organisational Transformation: Harnessing Technology for Operational Excellence In the digital age, technology has become a powerful catalyst for organisational transformation, enabling businesses to streamline operations, enhance efficiency, and drive sustainable growth. By leveraging innovative technologies, organisations can unlock new opportunities for operational improvement, driving value creation and competitive advantage. In today's rapidly evolving business landscape, organisations face unprecedented challenges and opportunities driven by technological advancements, changing consumer preferences, and globalisation. To thrive in this dynamic environment, businesses must embrace technology as a strategic enabler of organisational transformation, leveraging its capabilities to drive innovation, agility, and efficiency. Technology serves as a cornerstone of organisational transformation, offering a myriad of tools and solutions to address key business challenges and drive performance improvement. From cloud computing and big data analytics to artificial intelligence and automation, technology empowers organisations to reimagine their processes, workflows, and business models in pursuit of operational excellence. Technology plays a pivotal role in facilitating collaboration and communication within and across organisational boundaries. Collaboration tools such as video conferencing, project management software, and enterprise social networks enable teams to work together seamlessly, regardless of geographic location or time zone. Through the use of advanced analytics, organisations can gain valuable insights from vast amounts of data, enabling them to identify trends, predict market dynamics, and personalise customer experiences. As technology continues to reshape the workforce, organisations must invest in upskilling and reskilling initiatives to empower employees with the digital skills needed to thrive in the digital economy. Training programmes, certifications, and continuous learning opportunities enable employees to adapt to technological changes, embrace digital tools, and contribute effectively to organisational success. Technology has emerged as a transformative force in driving organisational change and operational improvement in today's digital world. As businesses navigate the complexities of the digital age, those that leverage technology to drive organisational transformation will emerge as leaders in their industries, poised for long-term success and competitive advantage. #DigitalTransformation #TechnologyInnovation #OperationalExcellence #BusinessStrategy #EfficiencyImprovement #DataAnalytics #DecisionMaking #EmployeeUpskilling #TechIntegration #BusinessPerformance #CloudComputing #AI #Automation #BigData #WorkplaceCulture #DigitalSkills #TechSolutions #MarketLeadership #CustomerExperience #StrategicEnabler #OrganisationalChange #ContinuousLearning #FutureOfWork #managementconsulting #ManagementStrategy

📈 In today's rapidly evolving workplace, upskilling employees with next-gen skills is critical for organizations to stay competitive.💪 Are you adequately preparing your workforce? The technological tides of automation and AI are rising quickly. Find out if your company is skilling up to ride the future of work wave successfully - read our insightful upskilling blog now. 🔗 bit.ly/3xQ8O55 #FutureOfWork #Upskilling #DigitalTransformation #LifelongLearning #TalentDevelopment #FutureReadyTalent #HRTrends #Avensys

In global mobility, there’s a delicate balance between tasks that require a human touch and those that can and should be automated. Some tasks, like assignee briefings, crisis management and repatriation planning, require human insight and empathy. Others, such as vendor initiations, reporting and exception management, make sense to automate. The key to success is knowing which is which. With remote and hybrid work arrangements becoming more common, managing a geographically dispersed workforce requires a solid digital foundation. Our latest ebook dives into how you can lead the digital transformation of your distributed work programs, ensuring compliance, enhancing efficiency, and improving the employee experience. Find out more about: ➡️ How automation can streamline global mobility, business travel, and hybrid workforce management ➡️ The focus areas for your digital transformation—people, process, and technology ➡️ The role of AI and automation in driving efficiency ➡️ How to secure buy-in from employees and leadership ➡️ Where Topia can support you on this journey 👇 Access your copy of the ebook today by clicking the link below. https://lnkd.in/epTbwf_J - #DigitalTransformation #GlobalMobility #HybridWork #BusinessTravel #Automation #AI #FutureOfWork #Topia

🚀 *The Future of Work: Embracing Technology in the Workplace* 🚀 In today’s fast-paced world, technology is not just an option but a necessity in reshaping our work environments. From AI and automation to remote collaboration tools, the landscape of work is transforming before our eyes. 🔍 *Why It Matters:* As we integrate advanced tech, the focus shifts from mundane tasks to strategic and creative endeavors, enabling us to achieve more with less effort. This evolution not only boosts productivity but also opens doors to new career opportunities and innovations. 🌍 *Global Impact:* Companies worldwide are harnessing these technologies to stay competitive and provide flexible, efficient solutions to their teams. This shift is not just about survival—it's about thriving in a digital era. 💡 *Looking Ahead:* The future of work will be characterized by adaptability, lifelong learning, and an increased human-machine collaboration that promises to redefine our workplace norms. Let's discuss how we can prepare for and thrive in this new era! What technologies are you excited about? How do you see them shaping your industry? #FutureOfWork #TechTrends #DigitalTransformation #AI #RemoteWork #Innovation #CareerDevelopment #WorkplaceEvolution Hari Kancharla Riya V

🚀 *The Future of Work: Embracing Technology in the Workplace* 🚀 In today’s fast-paced world, technology is not just an option but a necessity in reshaping our work environments. From AI and automation to remote collaboration tools, the landscape of work is transforming before our eyes. 🔍 *Why It Matters:* As we integrate advanced tech, the focus shifts from mundane tasks to strategic and creative endeavors, enabling us to achieve more with less effort. This evolution not only boosts productivity but also opens doors to new career opportunities and innovations. 🌍 *Global Impact:* Companies worldwide are harnessing these technologies to stay competitive and provide flexible, efficient solutions to their teams. This shift is not just about survival—it's about thriving in a digital era. 💡 *Looking Ahead:* The future of work will be characterized by adaptability, lifelong learning, and an increased human-machine collaboration that promises to redefine our workplace norms. Let's discuss how we can prepare for and thrive in this new era! What technologies are you excited about? How do you see them shaping your industry? #FutureOfWork #TechTrends #DigitalTransformation #AI #RemoteWork #Innovation #CareerDevelopment #WorkplaceEvolution Hari Kancharla Riya V