Both technological and economic forces are pushing companies to rapidly adapt to newer ways of engaging with their ecosystem. But such shifts come with their own set of changes, and challenges, to modern day workspaces.
A key strategy for businesses over the last few decades has been to be able to accurately predict the future and take proactive steps in accordance with incoming changes. This ‘staying ahead of the curve’ as it was, has had a slow process evolution and acceptance within the larger business community. And not without its own reasons. Our understanding of how one economic parameter impacts the other in today's globalized world has far improved and technology today perhaps has a strong claim to be more disruptive today than any time in the past few decades.
Business processes today are rapidly changing, many reactively to keep up with the ebb of time. Traditional parameters of exchange and interaction between the business and its stakeholders have rapidly evolved and the future of work remains no exception to this. While developed economies have already begun facing mass restructuring in how jobs are accessed, developing countries like India, with their own ever-growing working population stands at the cusp of pivotal changes within its labor markets. Much of such expected labor shifts have already begun reshaping skill set preferences and talent demands, making many people who don’t possess the right skills, completely obsolete in contributing towards the growth of the company.
This has, in turn, spurred the need for reskilling programs, both undertaken by the company or through public means. For companies, it means focusing on learning and training paradigms of not just new recruits but also for those who have been ‘in this line of business’ for decades. And the trend is only projected to rise in the coming years.
Forces driving these changes
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